The European Union’s chief Brexit negotiator rejected the U.K.’s latest proposals for financial firms to do business with the 27-nation bloc, raising the stakes just six months before the end of the status quo. Michel Barnier dismissed Britain’s desires, which he said would let firms keep operating from the City of London, with employees flying in and out of the EU for short business trips. The proposals could even “create a significant risk” of avoiding regulation altogether. “There is no way member states or the European Parliament would accept this!” Barnier said on Tuesday in the speech to the Eurofi financial ... (full story)