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Financial-services equivalence for EU doesn't drain UK's negotiating power, Treasury official says

By Fiona Maxwell ( November 11, 2020, 17:28 GMT | Insight) -- News that EU financial-services companies will benefit from unilateral equivalence decisions by the UK finance ministry does not mean London’s negotiating power on Brexit has been damaged, a senior finance ministry official insisted to lawmakers today. Equivalence should not be viewed as a political "bargaining chip," Charles Roxburgh argued.News that EU financial-services companies will benefit from unilateral equivalence decisions by the UK finance ministry does not mean London’s negotiating power on Brexit has been damaged, a senior official insisted to lawmakers today....

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