Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas.
The dramatic claim is made in the Observer by the chief executive of the British Bankers’ Association, Anthony Browne, who warns “the public and political debate at the moment is taking us in the wrong direction”.
A source close to Brexit secretary David Davis said he and the chancellor Philip Hammond had last week sought to offer reassurance that they were determined to secure the status of the City of London.
However, the government’s stated intention to take control of the freedom of movement into the UK is widely recognised among officials to be a hammer blow to any chance of retaining the present terms of trade for banks, particularly given the bellicose rhetoric of major politicians on the continent.
A Polish woman is booed by audience members on BBC1’s Question Time when she says she feels no longer welcomed by 52% of British voters who backed Brexit. Speaking on Thursday’s programme, filmed in Hartlepool, the woman says she’s lived in the England for 23 years and was never discriminated against before the Brexit vote
Downing Street has rejected the suggestion from the French presidential hopeful Alain Juppé that he would tear up a treaty with the UK to push back the border for migrants from Calais to Kent.
A source made clear that the prime minister, Theresa May, who has spent two days meeting world leaders at the European council meeting in Brussels, would expect any French leader to maintain the agreement.
Juppé, the current favourite to win the presidency, said he wanted a complete renegotiation of Le Touquet treaty, the deal that keeps border checks and thousands of refugees and migrants on the French side of the Channel.
“We can’t tolerate what is going on in Calais, the image is disastrous for our country and there are also extremely serious economic and security consequences for the people of Calais,” he said in Paris.
“So the first thing is to denounce the Le Touquet accords. We cannot accept making the selection on French territory of people that Britain does or doesn’t want. It’s up to Britain to do that job.”