Brexit deal
Germany said to insist UK pay for post-Brexit bank access
German government to reject any attempt to include financial services in post-Brexit trade deal unless Britain drops its opposition to substantial budget payments
(Bloomberg) Germany will demand the UK pay for the privilege of its financial firms having access to European Union markets after Brexit as Chancellor Angela Merkel’s government maintains a hard-line stance against a bespoke trade deal.
The UK cannot hope for a trade agreement that includes financial services unless Britain agrees to make substantial contributions to the EU budget and adheres to European law, according to German officials from two key government departments in Berlin. Both asked not to be named discussing internal government strategy.
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