Rishi Sunak says financial services deal with EU ‘has not happened’

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Rishi Sunak says financial services deal with EU ‘has not happened’

Britain's attempt to reach a post-Brexit financial services deal with the EU "has not happened", Rishi Sunak has told the City.

The sector was not covered in the UK's last-minute free trade agreement when the Brexit transition period ended in December but the government had been seeking an "equivalence" arrangement with the bloc.

But in the chancellor's traditional Mansion House speech to the City, Mr Sunak said: "That has not happened.

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