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London mayor calls for equivalence for the City, slams ‘no-deal Brexit’ for finance

'The final Brexit deal was effectively a no-deal Brexit for finance...this was a major mistake,' said Sadiq Khan

London mayor Sadiq Khan called on the government to change its immigration system so that it 'meets our economic needs'
London mayor Sadiq Khan called on the government to change its immigration system so that it 'meets our economic needs' Photo: Getty Images

London mayor Sadiq Khan will “put pressure on the government” to work with the European Union and deliver a post-Brexit equivalence deal for financial services.

“The final Brexit deal was effectively a no-deal Brexit for finance, with the needs of the sector at the heart of our global competitiveness side-lined,” Khan wrote in CityAM. “This was a major mistake and I will continue to put pressure on the government to work constructively with the EU towards new agreements on regulatory equivalence.”

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