Sunak: Brexit a chance to do finance differently

From January 1, British-based financial services groups lose automatic access to the EU's single market, and both sides have said new market access must be negotiated outside the trade agreement in specific equivalence deals.

"Now that we've left the European Union, we can do things a bit differently (in financial services)," Sunak told broadcasters.

Sunak also said that those who were anxious about the economic implications of leaving the EU should be "enormously reassured by the comprehensive nature of this free trade agreement."

Video Transcript

RISHI SUNAK: Now that we've left the European Union, we can do things a bit differently, and we're embarking on that journey, for example, examining how we make the city of London the most attractive place to list new companies anywhere in the world. But this deal also provides reassurance because there's a stable regulatory cooperative framework mentioned in the deal which I think will give people that reassurance that we will remain in close dialogue with our European partners when it comes to things like equivalence decisions, for example. But for those who are anxious about the economic implications of leaving, they should be enormously reassured by the comprehensive nature of this free trade agreement, ensuring tariff-free, quota-free access for British businesses to the European market, ensuring that close economic partnership, and crucially, protecting British jobs.