Brexit could force banks to relocate jobs away from London: EU's Hill
[BERLIN] Banks could be forced to relocate jobs from London to Frankfurt and Paris if Britain should decide to leave the European Union in its referendum on Thursday, the EU's financial services commissioner was quoted as saying on Wednesday.
"I've visited London, Manchester and other British financial centres in the past weeks and warned of the consequences of an exit from the EU," Jonathan Hill said in an interview published by German business newspaper Handelsblatt.
"Then it could happen that banks and investment funds shift activities and jobs to Frankfurt and Paris," said Mr Hill, a Briton appointed to the European Commission by Prime Minister David Cameron.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
World food prices up in April for second month, says UN agency
Heatwave swells Asia's appetite for air-conditioning
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific