Skip to content
Thursday 27 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,792.54
-0.79%
DAX
26,367.24
+0.31%
CAC 40
8,319.87
-1.68%
STOXX 50
6,424.73
-0.71%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 25 February 2020 6:01 pm  |  Updated:  Wednesday 26 February 2020 9:36 am

Stage set for new Brexit collision as UK and EU clash over level-playing field

By: Catherine Neilan

Add as a preferred source on Google
Brexit - The Mood Of The Nation
Storm clouds pass over the London Skyline

The stage is set for a head-on collision during the first round of trade talks between the UK and EU next week, with both sides standing firm over the level-playing field.

Brussels published its negotiating mandate this afternoon, having been signed off by the EU27 member states, reaffirming its position that the UK must agree to retain the EU’s rules in areas such as labour law, food and environmental standards.

Presenting the EU’s position, chief negotiator Michel Barnier said: “We are ready to offer a highly ambitious trade deal to the UK. But the UK cannot expect high quality access to the single market if its not prepared to accept guarantees that competition remains open and fair, free and fair.”

He added: “There must be robust level playing field, safeguards to avoid unfair advantages social, environmental, tax, and aid state matters.”

However that was rejected out of hand by Number 10, with the Prime Minister’s spokesman pointing to statements made by Boris Johnson and his sherpa David Frost, who have stressed that autonomy on these areas and others go to the heart of Brexit.

Number 10 also pointed to “precedent”, arguing that no other free trade agreement comes with such prerequisites.

The spokesman made clear that fishing was aligned with the UK’s sovereignty, and as such was viewed as a high priority within Downing Street.

“The UK didn’t vote twice to take back control of our fishing waters only to give that control up again,” he said. “As a matter of fact it doesn’t matter what the EU puts in its mandate as we become an independent coastal state on December 31 2020.

Read more

Litigation funders need certainty to keep Britain’s class action regime fair

UK Supreme Court building, London, with intricate stone carvings and statues, under a blue sky

“That means we automatically take back control of our waters and others right to fish in them under the UK convention of the Law of the Sea. This does not have to be negotiated, nor will it be – any access by non-UK vessels to fish in UK waters will be for us to determine.”

He was less emphatic about where financial services stood within the government’s list of priorities however.

Although he pointed to the fact the EU had removed a commitment to conclude the assessment of equivalence by June 2020, the spokesman refused to compare the £132bn sector to fishing, which contributes £1.4bn to the UK economy.

“We are seeking an agreement in relation to financial services – you will see the precise terms of that on Thursday,” he said. “We have set out that it is an area in which we will be seeking an agreement. It’s an important part of the UK economy.”

Asked why Brussels had removed the deadline, an EU spokesman told CityA.M.: “The granting of equivalence is a unilateral measure that exists already under EU law. There is no need to be given a mandate to do so.”

Main image: Getty


Read more

The Danish retailer plotting to outsmart ‘unsentimental’ Modella Capital

Man in suit seated in a Sostrene Grene store, surrounded by homeware and gift items.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • Brexit

Trending Articles

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • Andy Burnham hints at tax rises in Autumn Budget

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

  • Lloyds Bank and Halifax users unable to use app in latest outage

  • Economists urge Bank of England to halt bond sales as borrowing costs climb

More from Morning Wire

  • Litigation funders need certainty to keep Britain’s class action regime fair

    Opinion
    UK Supreme Court building, London, with intricate stone carvings and statues, under a blue sky
  • The Danish retailer plotting to outsmart ‘unsentimental’ Modella Capital

    Retail
    Man in suit seated in a Sostrene Grene store, surrounded by homeware and gift items.
  • London being lined up to host re-run of GAA final between Mayo and Kerry

    Sport Business
    StoneX Stadium, home of Saracens Rugby Club, with empty seats in the stands and a clear green field.
  • Boomtown 2026 review: Surely the best party in the world

    Life&Style
    Large crowd at Boomtown festival main stage with vibrant smoke and confetti, during a sunny day.
  • Mark Kleinman: English football’s New Deal heads into injury time

    Business
    Mark Kleinman is Sky News' City Editor and writes a column for Morning Wire
  • Compass Pathways Announces Second Quarter and First Half 2026 Financial Results and Business Highlights

    Business Wire
  • Could a ‘land blocking’ rule change spell danger for Aldi and Lidl?

    Retail
    Lidl supermarket sign with blue, yellow, and red logo against a clear blue sky
  • Twomey’s Trean the bet in the Acomb

    Sport
    A man in a suit and patterned tie, with a horses ear visible, looks left against a green blurred background.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook