The CEO of Goldman Sachs, Lloyd Blankfein, has told Prime Minister Theresa May that a hard Brexit would risk London's position of being Europe's dominant financial centre and the City could lose out to Paris and Frankfurt. It employs about 6,000 staff in the UK, its main European operation. Blankfein "talked tough" according to sources but was bemused that Mrs May treats finance like any other industry, despite its significant contribution to the UK economy and to tax revenues. Mr Trump is right about one thing: Britain will be better off outside the EU.
The CEO of Goldman Sachs, Lloyd Blankfein, has told Prime Minister Theresa May that a hard Brexit would risk London's position of being Europe's dominant financial centre and the City could lose out to Paris and Frankfurt. Blankfein "talked tough" according to sources but was bemused that Mrs May treats finance like any other industry, despite its significant contribution to the UK economy and to tax revenues. Mr Trump is right about one thing: Britain will be better off outside the EU.