France Aims to Block U.K. Finance Firms From EU Over Fishing Spat
Bloomberg 2 days ago Ania Nussbaum and Silla Brush © Photographer: Sameer Al-Doumy/AFP/Getty Images France Aims to Block U.K. Finance Firms From EU Over Fishing Spat
(Bloomberg)
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France aims to delay access to the European single market for U.K. financial firms until it considers that the British government is honoring its post-Brexit commitments on fishing rights, according to people familiar with the matter.
French officials are looking to stall a regulatory cooperation agreement on finance as part of a broader effort to bring pressure to bear on the U.K., the people said, asking not to be named discussing private conversations. The non-binding Memorandum of Understanding would be a first step on future cooperation and pave the way to granting market access to U.K. firms further down the track.
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