UK government lays out plans for City post-Brexit

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UK government lays out plans for City post-Brexit

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EMBARGOED TO 0001 MONDAY JANUARY 29 File photo dated 22/10/18 of a European Union flag in front of the Elizabeth Tower. Theresa May's flagship Brexit legislation is "constitutionally unacceptable" and will need to be substantially rewritten, an influential group of peers has said. | Victoria Jones/PA Wire/PA Images

The UK government has revealed its position on the future of financial services after the UK leaves the European Union, which falls short of the passporting rights that banks have now but would be stronger than the existing third country equivalence regime in place by the EU.

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