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29 Jun 2016

EU tells UK single market access requires full free movement

Author: admintech | Filed under: World

A man takes a picture near the Big Ben clock tower in LondonLONDON/BRUSSELS (Reuters) – European Union leaders met for the first time without Britain on Wednesday less than a week after it voted to leave, delivering a tough message that London can access the bloc's lucrative single market only if it agrees to allow free movement for EU workers. Last week's shock referendum vote to leave the EU has caused global financial market turmoil, sent the pound sterling tumbling and wiped billions off the value of British shares. Britain's giant financial services sector, roughly 8 percent of economy, relies crucially on access to the EU market.

Source: http://news.yahoo.com/eu-tells-uk-single-market-access-requires-full-173109066–sector.html