Boris Johnson urged to strip out all traces of EU law to escape Brussels’ clutches

BREXIT Britain risks remaining entangled in the EU’s tentacles unless it ruthlessly strips out all vestiges of the bloc’s rules from the UK’s legal system in favour of common law, a top City lawyer has warned.

Barnabas Reynolds has also urged Parliament to appoint a panel to monitor the activities of UK regulators whom he fears will otherwise have too much power over rules governing financial services. Mr Reynolds, a partner at City-based law firm Shearman and Sterling, will discuss his new paper, Restoring UK Law: Freeing the UK’s Global Financial Market at a webinar organised by the Politeia think tank tomorrow.

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