EU Commission gives grave WARNING to UK businesses after Barnier SCRAPS passporting rights

The EU’s chief Brexit negotiator Michel Barnier said on Monday that if the UK leave the single market then financial firms will lose their EU passporting rights. He claimed the UK cannot “cherry pick” at aspects of the single market and it will lose the benefits of the single market when it leaves the European Union. Speaking at a conference by the Centre for European Reform, Mr Barnier said: “On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere.