EU warns UK against any 'illusion' over financial services in trade talks

"There must be no illusion on this issue: there will be no general, global or permanent equivalence on ", The 's chief negotiator told MEPs during a plenary session of European Parliament in the eastern French city of Strasbourg.

The 's chief negotiator Michel Barnier on Tuesday warned Britain against any unrealistic expectations for its prized financial services sector during post-Brexit trade talks with Europe.

"There must be no illusion on this issue: there will be no general, global or permanent equivalence on financial services", Barnier told MEPs during a plenary session of European Parliament in the eastern French city of Strasbourg.



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