UK PM Starmer will exclude the City of London from his push for “closer alignment” with the EU, following lobbying by financial services firms against any return to Brussels rule, FT reports

This development suggests a significant pivot in UK-EU relations, particularly concerning the financial services sector, which is vital for London's economy.

Newsquawk StaffPublished 8 Jan 2026, 21:24 UTCOn the live feed at 21:04 UTC — 4 more headlines followed before this page went public

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21:12

US President Trump says he had a great meeting with the Intel (INTC) CEO Lip-Bu Tan; INTC just launched first sub 2nm CPU processor designed, built and packaged in USA

21:06

General Motors (GM) sees non-EV related charges of about USD 1.1bln in Q4 and sees USD 6bln on scaled back EV plans in Q4

21:04

UK PM Starmer will exclude the City of London from his push for “closer alignment” with the EU, following lobbying by financial services firms against any return to Brussels rule, FT reports

20:59

Top executives at Warner Bros Discovery (WBD) privately said they are willing to open talks with Paramount (PSKY) again if the co. increases its bid, according to Semafor

20:58

US President Trump says strike on Nigeria could be a one-off, or repeated if Christians are killed

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Context

Excluding the City from alignment talks may lead to increased regulatory divergence, impacting investor sentiment and creating uncertainty in financial markets. Watch for potential reactions in GBP and financial equities as this unfolds.

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