The authorities in Frankfurt and Paris are bragging that they will hoover up the bankers now based in Britain post-Brexit. Which ignores a couple of obvious issues. Setting aside the lack of suitable office space in Frankfurt, the city is a cultural desert and has nothing to compare with London’s plentiful places for rich banksters to blow their ill-gotten gains.
And let us not forget that bankers moved here from France to get away from the punitive taxes imposed to allow public sector workers to retire nearly as early as the ones in Greece.
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