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Brexit: UK targets 'bespoke' deal with EU to protect City
The UK government will aim for a "bespoke" deal with the EU to protect the City of London after Brexit, Chancellor Philip Hammond has said. Financial services are the UK's most important export to the EU, he said. Mr Hammond warned Brussels would not be allowed to use Brexit to introduce "protectionist" measures designed to target the City. And he said a transitional period after the UK leaves would be "integral" to making a smooth Brexit. The UK is due to leave the EU in March 2019. There have been warnings that London's status as a European financial hub will be hit if the UK leaves the EU single market, and ... (full story)