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Article 50 author tells City to forget about bespoke Brexit

UK must prepare for a deal that will damage London's standing as a global financial centre, warns Lord Kerr

By

Lucy McNulty

Former British ambassador to the EU, John Kerr, who drafted Article 50 of the Lisbon Treaty
Former British ambassador to the EU, John Kerr, who drafted Article 50 of the Lisbon Treaty Photo: Simon Dawson / Reuters

UK financial institutions will not get the special access Brexit deal that they and their lobbyists have been fighting for, the author of Article 50 has warned.

Instead, Lord Kerr told Financial News that the City needed to prepare for a deal that would ultimately hurt London's standing as a global financial centre.

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