The House of Commons Exiting the EU Committee has published a report on the progress made on the government’s EU withdrawal negotiations (June to September 2018). The report focuses on outstanding issues in the draft UK-EU withdrawal agreement, the white paper on the UK and the EU’s future relationship and any other significant issues yet to be resolved. The Committee notes that around 80% of the withdrawal agreement has been agreed in principle and highlights unresolved issues.

On summarising the state of play for financial services, the Committee says in the report “enhanced equivalence is an ambitious goal, we agree with the Government that it is a pragmatic negotiating objective, given the contribution that the financial services sector makes to the UK economy and its importance to the economies of our trading partners in the European Union.”