Years of stymied negotiations have led plenty of bankers to write off the U.K. finance industry’s chances of securing free access to the European Union. But the Lord Mayor of London said Monday he can still see a path to a last-minute breakthrough. Entering the final month of the Brexit transition, Lord Mayor and former Merrill Lynch investment banker William Russell said in an interview with Bloomberg News that any progress in trade talks for truckers and fishing trawlers might still unlock separate discussions about whether their industry can continue to do business with clients in the EU. Let’s get a full agreement and that gives us confidence to go to the next stage for financial services,” said Russell. […] Our preference has always been to have a full set of mutual decisions, but the EU have made it clear that in the short-to-medium term they’re not prepared to even make those assessments,” he said.
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