Chancellor Rishi Sunak was hoping to agree a deal over the British financial sector’s role in Europe, which would allow for mutual recognition of financial service rules between London and Brussels. But despite a “memorandum of understanding” being provisionally agreed in March this year allowing for engagement on financial industry matters, no “equivalence” deal for the sector has been signed.

       Liberal Democrat leader Sir Ed Davey said the lack of the movement from Brussels was because EU officials do not “trust” the Government.

       He added to Financial News: "Because Boris Johnson has reneged on agreements, lied, played populist politics and not been a straight negotiator, and you can understand why British business is concerned about his approach.

       “I talk to British people in business, in the City, who are worried that we are not sitting around the table making the best of the deal we’ve got.

       “Making the best of the deal we’ve got means getting a deal for financial services, it means getting a deal on mutual recognition of professional qualifications — all the critical things the Liberal Democrats warned about and the Brexit deal failed to deliver.

       “We said these things for our financial services, for our broader economy, for our services sector, which is essential and must be in the deal, and the government failed to deliver.”

       However, a Government source hit back at the Lib Dem claims and made clear they were not the “ones to blame".

       They added: “The European Commission is being unduly difficult in this respect.

       "We continue to engage with European counterparts and strongly encourage movement.”

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       11am update: Supertrawler fury as Greenpeace accuses UK fishing group of being in cahoots with the EU

       Greenpeace has accused fishing lobby group The National Federation of Fishermen’s Organisations (NFFO) of being in cahoots with the EU, given that European companies make up nearly third of its membership when assessed by the fishing capacity.

       However, the NFFO has hit back, pointing to its strong criticism of bloc’s Common Fisheries Policy, while accusing the environmental pressure group of trying to “demonise” large fishing vessels - which Greenpeace dubs “supertrawlers” as “pantomime villains”.

       Greenpeace investigators analysed the NFFO’s membership according to how much fish each member vessel is capable of catching, a measurement known as Vessel Capacity Units.

       10am update: Foreign firms flocking to invest in Brexit Britain

       Foreign investors are investing in Brexit Britain creating over 50,000 jobs since the UK left the EU, a new report has revealed.

       The Department for International Trade’s (DiT) Foreign Investment report reveals Foreign Direct Investment (FDI) created around 55,319 jobs in the 2020/21 financial year.

       Meanwhile, in the last decade, FDI has created more than 707,000 jobs right across the UK.

       9am update: McDonalds runs out of products over supply chain problems following Brexit

       Fast food giant McDonald's has run out of milkshakes in most of its UK restaurants due to supply chain problems.

       The burger chain has also been left without bottled drinks across its 1,250 outlets in England, Scotland and Wales as the lorry driver shortage takes its toll.

       A spokesman said the group is "working hard to return these items to the menu".

       8am update: Brexit Trucker shortage 'could ruin Xmas'

       Retail's most senior figure has urged the Government to solve the lorry driver shortage that has left stores with empty shelves.

       Helen Dickinson said Britain needs to recruit truckers urgently to fill 90,000 vacancies faced by the haulage industry.

       The CEO of the British Retail Consortium spoke as the British Meat Processors Association (BMPA) said it would struggle to get festive favourites like pigs in blankets to shops this Christmas.