UK's new paper on financial services post-Brexit going in pretty hard on the size and significance of City of London to European markets. A fairly blunt message: You've got more to lose than we have. They've tried this before...will it cut through now as B-day looms ever nearer? 
Time to add a new model to the lexicon relating to financial services at least - Japan Plus.
UK has dropped its key demand that equivalence could not be unilaterally revoked by the EU, presumably after realising that was never going to fly. Instead it wants a bilateral aspect of the relationship to make such decisions more grounded in technicality and less in politics.
