Brexit: Goldman Sachs boss warns Theresa May to protect City or lose out to Paris and Frankfurt

‘The boss of Goldman Sachs told Prime Minister Theresa May that a “hard Brexit” would help European cities such as Frankfurt and Paris compete for London’s position as the continent’s dominant financial centre.
Lloyd Blankfein “talked tough” and said there was “no reason why European financial centres can’t set up as effective rivals”, the Financial Times reported, citing sources briefed on a private meeting at the World Economic Forum in Davos in January.
Mr Blankfein reportedly expressed bemusement over how Ms May treats finance like any other industry, despite its outsized contribution to the UK economy and to tax revenues.’
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