Services account for around 80% of the UK’s economic activity and about 50% of its exports by value to the EU. This wariness is also likely to extend to London’s plan for other services to gain access to the single market. Maybe Johnson considers further compromise acceptable now that he has herded his backbenchers through the aye lobby in favour of his deal. And yet, if a deal proves possible for financial services, then the opportunity should be taken to seek better access for other sectors. Not to deny the City profit, at least not in the short term, but to expand access for other world-beating services industries.

Source: The Guardian January 03, 2021 06:56 UTC