Lawyers suggest a new model is needed rather than replicating an existing model
The UK must cut a new deal with Europe
over its planned Brexit that uses some elements of but does not
replicate existing relationships between the EU and
non-European countries, lawyers have argued.
"A tailored deal is required for the UK.
Implementation of an existing model – such as the
Norwegian agreement for a free-trade deal - won’t
be acceptable unless there is a considerable change of heart by
the Leave campaign," Sam Tyfield, partner at law firm Vedder
"Given the importance of financial
services to the UK economy, it can be expected the UK
Government would want to negotiate a deal that preserves as
many of the existing benefits and advantages as possible,"
added Mark Brown, partner at law firm Linklaters.
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