Despite early optimism that the European Commission would give its blessing for the UK’s bid to join the Lugano Convention at a closed-door meeting with EU diplomats yesterday, The Financial Times is reporting that the Commission has taken the opposite course and recommended that the UK should not be allowed to join.

This is apparently on the basis that the UK is neither a member of the European Economic Area nor the European Free Trade Association.

The EU’s position will ultimately be decided by the bloc’s national governments, which will review the issue over the coming weeks. The Financial Times reports a deep split among national governments concerning UK membership of the Convention.

James Beeton Cross-Border

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