Firms move €150bn of UK assets to France ahead of Brexit

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The Banque de France says 31 entities – mainly investment firms – have applied for licences in France, moving €150bn of assets since September

At least €150bn of assets have been decamped from the City to France ahead of Brexit, according to the governor of the Banque de France.

 

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What’s the fuss? We have our Blue passports so be grateful

No doubt this is more Project Fear eh guys😃

It tells you everything you need to know about the weakness of French financial services, that they think 150bn of assets is a lot of money.

Thanks a lot UK !

Because they are making provision for there to either be a ‘no deal’ or ‘limited deal’, France and Germany are both targeting the U.K’s financial industry which is the largest in Europe. Not really a shock, if they didn’t make provision they would be accused of mismanagement.

Brexit: how the end of Britain’s empire led to rising inequality that helped Leave to victory.

BREXSHIT

Well done BorisJohnson

More brexit winning then

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