Are bankers still welcome in Paris?
In the wake of the UK’s departure from the European Union, French president Emmanuel Macron made a big effort to woo London’s bankers and hedge fund managers across the Channel. Macron wanted to use Brexit as an opportunity to turn Paris into the key hub for European finance. Trust me, he told Britain’s bankers: I’m one of you and will look after you. Those who did make the move may now be regretting their decision. France’s credibility as a welcoming place for top earners is on the line France’s prime minister Michel Barnier is pushing through a tough budget after discovering a ‘black hole’ in the finances that might even