John McDonnell MP, Labour's Shadow Chancellor, responding to claims that the Government is considering paying billions of pounds in order to preserve EU access only for the financial service sector, said:

“British taxpayers should not be expected to foot the bill for special privileges in accessing European markets solely for the financial service sector alone. Britain has voted to leave the EU, it has not voted for paying huge fees for special favours for bankers.

“We support access to EU markets for financial services, but it is crucial for the British economy that the government insist on full, tariff-free access to the Single Market for all our industries, to protect jobs and livelihoods in the UK.“

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