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London mayor calls for equivalence for the City, slams ‘no-deal Brexit’ for finance

'The final Brexit deal was effectively a no-deal Brexit for finance...this was a major mistake,' said Sadiq Khan

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London mayor Sadiq Khan called on the government to change its immigration system so that it 'meets our economic needs' Photo: Getty Images

London mayor Sadiq Khan will “put pressure on the government” to work with the European Union and deliver a post-Brexit equivalence deal for financial services.

“The final Brexit deal was effectively a no-deal Brexit for finance, with the needs of the sector at the heart of our global competitiveness side-lined,” Khan wrote in CityAM. “This was a major mistake and I will continue to put pressure on the government to work constructively with the EU towards new agreements on regulatory equivalence.”

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