Starmer rules out EU financial services alignment talks

The Guardian - World NewsCenter-LeftEN 2 min read 100% complete by Kalyeena Makortoff Banking correspondentJanuary 9, 2026 at 02:32 PM

Read Original Article

AI Summary

medium article 2 min

Keir Starmer has ruled out including financial services in upcoming negotiations with the EU regarding closer alignment, a decision welcomed by City of London lobbyists. Despite previously supporting EU membership, financial firms now appear hesitant to revisit post-Brexit regulatory changes. UK regulators have been modifying EU-era rules to boost competitiveness, including changes to banker bonuses and listing rules. Industry figures argue reversing these changes would harm the recovery of London's stock market and overall financial landscape. While acknowledging the benefits of cooperation with the EU, industry groups also recognize the trade-offs between flexibility and uniformity in regulatory frameworks.

Key Entities & Roles

Key Player Opposition Context

Peel Hunt 40% Brussels ×240% Financial Times 40% Miles Celic 50% Steve Fine 50% TheCityUK 60% UK ×370% Brexit ×270% City of London ×370% European Union ×380% Keir Starmer 90%

Keywords

financial services 100% eu alignment 90% brexit 80% city of london 70% regulation 60% capital markets 50% uk economy 50% keir starmer 40% single market 40%

Sentiment Analysis

Positive

Score: 0.20

Source Transparency

Source

The Guardian - World News

Political Lean

Center-Left (-0.40)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

Topic Connections

Explore how the topics in this article connect to other news stories

No topic relationship data available yet. This graph will appear once topic relationships have been computed.

financial services eu alignment brexit city of london regulation capital markets uk economy keir starmer single market

Explore Full Topic Graph