2018-11-01
British Prime Minister Teresa Mae has entered into an initial agreement with the European Union (EU) that will give British financial services companies continued access to European markets after Britain secession from the EU, the Times reported on Thursday.
 
The British newspaper quoted government sources as saying that British and European negotiators reached a preliminary agreement on all aspects of the future partnership in services as well as exchange of data.
 
The Times said the service agreement would give British companies access to European markets as long as British financial rules were in line with European Union rules.
 
According to the Times report, the EU would accept that the UK have "matching" rules for Brussels and allow British financial services companies to operate in Europe as they currently do