Europe

Report: UK Brexit chief not interested in transitional deal

FILE - In this Wednesday, Feb. 11, 2009 file photo, the then British lawmaker David Davies attends a press conference in London. The Financial Times reports on Friday Dec. 9, 2016 that British Brexit Secretary David Davis told London financial-sector bosses that he is "not really interested" in seeking a transitional deal with the European Union to soften the process of the U.K.'s exit from the bloc. (AP Photo/Alastair Grant, File)

FILE - In this Wednesday, Feb. 11, 2009 file photo, the then British lawmaker David Davies attends a press conference in London. The Financial Times reports on Friday Dec. 9, 2016 that British Brexit Secretary David Davis told London financial-sector bosses that he is "not really interested" in seeking a transitional deal with the European Union to soften the process of the U.K.'s exit from the bloc. (AP Photo/Alastair Grant, File)  (The Associated Press)

The Financial Times reports that British Brexit Secretary David Davis told London financial-sector bosses that he is "not really interested" in seeking a transitional deal with the European Union to soften the process of the U.K.'s exit from the bloc.

The newspaper on Friday cites a memo of Davis' meeting with the City of London Corporation, which runs the British capital's financial district.

It quotes Davis as saying he'd consider a transitional deal to "be kind" if the EU sought one.

The newspaper reports Davis as saying it's unlikely Britain will remain in the EU's single market.

The Department for Exiting the European Union says the document does not "properly reflect" Davis' views.

Many in Britain's financial sector fear London could lose its status as Europe's financial capital after Brexit.