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​UK warns EU against severing ties with London's banking hub

By Matthew Holehouse ( September 8, 2016, 19:27 GMT | Insight) -- European leaders risk damaging their own industries unless they act “rationally” and preserve ties with London’s financial institutions during the Brexit split, Philip Hammond, the UK chancellor, has said. Hammond also warned that crafting UK rules that were “equivalent” to EU regulations wouldn't stop rules diverging in the future.European leaders risk damaging their own industries unless they act “rationally” and preserve ties with London’s financial institutions during the Brexit split, Philip Hammond, the UK chancellor, has said....

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