The City’s top lobby group has performed a dramatic u-turn on Brexit, scrapping its previous campaign to remain in the EU and instead hailing the vote to leave as “unprecedented opportunity” for the UK to develop a powerful new set of trade and investment policies.
In Europe’s major capitals, the race is on to scoop up the windfall from Britainâs decision to leave the European Union, and Paris is actively showering Brexit-wary businesses in London with promises to lure them across the Channel
The UK capital perhaps felt the greatest shock when Britain voted to leave the EU. In the first in a series on post-Brexit cities, Tom Campbell examines whether the impending split really will be an economic self-sabotage for London
Goldman Sachs is considering moving half of its London-based jobs to Frankfurt and other financial centres because of concerns over Brexit, German newspaper Handelsblatt has reported.
Minutes of Michel Barnier’s meeting with senior MEPs reveal he wants 27 member states to have easy access to London’s financial institutions – The Guardian
The Guardian has obtained notes of a meeting between Michel Barnier, the EU’s chief negotiator, had with senior MEPs this week. A supposed ‘special’ deal may be on the cards, guaranteeing access for the EU firms and countries the City of London’s financial markets.
The chief executive of the London Stock Exchange has warned the UK’s vote to leave the EU poses a risk to the global financial system and could cost the City of London up to 230,000 jobs if the Government fails to provide a clear plan for post-Brexit operations.
The boss of JP Morgan has warned the Wall Street giant could start to move jobs out of London faster than expected if the Government does not quickly agree a deal…
Paris could lure as many as 20,000 workers from Britain’s finance industry with the exodus potentially starting within weeks as the UK begins its withdrawal from the European Union, according to Europlace, the French capital’s lobby group.