Britain Attempts to Tie EU Trade Deal to Security
It’s a bold move. British Prime Minister Theresa May’s attempt to win a post-Brexit free-trade deal that includes the critical finance industry by alluding to “security” and making veiled threats to drop out of Europol may not make much headway with EU leaders. Negotiators in Europe insist any trade talks must begin with a plan for withdrawal and settling Britain’s expected multibillion dollar bill for the divorce. Meanwhile, insurance giant Lloyd’s of London announced it’ll launch a subsidiary in Brussels to avoid losing EU business.