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Leaked Brussels report says harming the City would backfire on EU

Feb 02, 2017 - City A.M.

TOP EU officials are worried that a bad Brexit deal will backfire for remaining member states, a leaked report has revealed.

The document warns against any deal that harms the City of London's links with EU companies.

"The exclusion of the main European financial centre from the internal market could have consequences in terms of jobs and growth in the EU," the report, seen by the Guardian newspaper, said.

"It is in the interest of EU 27 and the UK to have an open discussion on...