Paris hopes for hard Brexit to steal London’s financial hub – leaked memo

‘French bankers and the government would like the hardest possible separation of Britain from the European Union to weaken the City of London, according to a leaked memo published on Sunday.
“They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London,” Jeremy Browne, the City’s envoy to the EU, wrote in a memo first published by the Daily Mail.
“They are in favor of the hardest Brexit. They want disruption. They actively seek disaggregation of financial services provision. The clear messages emanating from Paris are not just the musings of a rogue senior official in the French government or central bank. France could not be clearer about their intention,” Browne wrote after a meeting with senior French officials at the beginning of July.
The Bank of France, the country’s financial regulator, on Monday, denied an aggressive tone in the discussions.’

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