Good morning from the Financial Times. Today is Thursday, November 26th.

And this is your FT news briefing.

The Brexit transition period is quickly coming to an end,

which is making Europe's financial services

sector nervous. Sales forces and talks to buy Slack and Facebook ads have

landed the social media company in hot water in the UK. Plus Britain had its spending review yesterday,

and Chancellor Rishi Sunak is warning of an economic emergency.

We'll explain why.

I'm Mark Filipino, and here's the news you need to start your day.

We're less than five weeks away from the UK's exit from the European Union, January 1st, 2021.

In that time, the country needs to finalize an exit deal with the block, otherwise it'll be leaving without one. And some sectors are more worried

about this fast approaching deadline than others, particularly Europe's

financial sector. Both the British and European sides are refusing to give ground on vital issues,

and financial services are being left out of Brexit talks almost entirely.

And so the chief executive of the Services chapter, the Block argued Britain might use it to try and retain market access

by the back door. It's a huge hit to London, one of the world's biggest financial centers.

Right now the EU is pushing for future relations to be based on market access rights known as equivalence decisions.

It's a system that the EU uses with other centers like New York and Singapore.

And so Schwermer said the EU is making sure there is a cost to Brexit,

but he added the less fragmentation and more cooperation and continuity of service

or in everyone's interest. A lot of tech companies have been thriving during the pandemic.

The virus forcing people around the world to work from home and avoid public life

...