Don’t give an inch! Boris urged to cut off City from EU ‘bullies’ in Brexit finance deal

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Post-Brexit arrangements between the City of London and the EU have yet to be finalised five months after the trade deal was announced. Analysts had previously warned Brexit would lead to an exodus of finance jobs from the City and firms would favour Paris and Frankfurt, but their predictions have so far proved inaccurate. conducted an exclusive poll asking readers if Mr Johnson should play hardball with Brussels and threaten to cut the City of London off from the 27-member state as part of a post-Brexit hard stance.

Ninety-four percent (4,238) said yes while only four percent (206) said no.

Just two percent of those who took part (83) said they didn’t know.

In comments, many readers said the Prime Minister should be on his guard not to appear weak to the Europeans.

One reader offered some words of advice for Mr Johnson, insisting he should appear strong and capable of executing financial threats at all times.

They said: “It’s now plain to see. The EU are just money grabbing gangsters working for Frau Merkel.

“If you’re soft with these people they see it as a weakness and walk all over you.”

A second said the Prime Minister should “cut them off from London until they agree to comply with our standards and under the judgement of UK courts.”

And yet a third backer of the proposal said: “Never mind threaten – Boris should just do it…”

Others took aim at the EU, saying it would not be an easy task to negotiate finances with the trading bloc.

One reader said the EU was made up of a bunch of “dictator bullies” and summed up the club as “unelected people with too much power”.

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One woman said it was high time for Mr Johnson to raise his game when it comes to his dealings with his friends across the Channel.

She wrote: “Boris needs to start making everything as difficult as possible for the EU.

“After all that is what they are doing to us.”

And another person urged an equally hard stance.

They said: “We should not give the EU an inch on banking.

“They are not the only market place in the world and our banks are well aware of the risks involved in dealing with the EU.”

On Friday the Financial Services Bill became law after receiving Royal Assent, amending existing laws in 17 areas, including banking rules.

The legislation means “for the first time in decades, the UK has full control of its own financial services regulation,” commented John Glen, Economic Secretary to the Treasury.

The poll ran from 8.40am on May 1 to 8.40am on May 2 with a total of 4,527 readers taking part.

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