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Post-Brexit talks on City access to EU have stalled, Sunak reveals

In Mansion House debut speech, chancellor sets out series of reforms in bid to help finance industry

Talks to secure City of London access to the EU have stalled, the chancellor Rishi Sunak has confirmed in his first Mansion House speech to financiers, as he set out sweeping reforms designed to help Britain’s finance industry embrace global opportunities after Brexit.

Addressing a hand-picked gathering of 40 young financiers at a slimmed-down version of what was, in the days before the pandemic, a landmark annual gathering, the chancellor warned that a post-Brexit deal to reach a comprehensive financial services settlement with the EU “has not happened”.

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