UK, EU sign delayed financial services pact

BRUSSELS: Britain and the European Union signed a long-awaited cooperation pact on financial services regulation on Tuesday in a new sign of improving post-Brexit relations between the two sides.

An EU-British deal known as the Windsor Framework, signed in March this year, resolved the Northern Ireland issue. UK finance minister Jeremy Hunt, who travelled to Brussels to sign the financial services agreement, said the deal was"an important turning point" and"not the end of the process but the beginning" of enhanced dialogue with the EU.The memorandum creates a framework for voluntary regulatory cooperation in the area of financial services between the EU and the UK, including a joint regulatory forum where common issues can be raised.

Britain is seeking a big discount on how much money it would have to contribute to again be part of Horizon Europe.McGuinness said she was involved in the talks on Horizon Europe, but"certainly I would encourage more crunching so that we get a result".

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