| UPDATED: 14:26, Tue, Jan 26, 2021
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Eurocrats are refusing to offer firms any wriggle room during the pandemic and demanding that they relocate to the Continent immediately. London-based TP ICAP yesterday said they were blocked for serving its EU clients because they hadn’t completed a planned relocation of staff to Paris. The firm was due to move 80 brokers from the UK to its new outpost in Paris last year before the end of the Brexit transition period.
LONDON remains the number one destination in Europe for professionals seeking to build a high-flying career, exploding a popular Project Fear myth that the capital would lose its lustre after Brexit, the boss of a UK-based real estate investment firm has said.
| UPDATED: 14:06, Fri, Jan 22, 2021
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Top eurocrat Mairead McGuinness suggested the EU would restrict the City of London’s access to European firms to force through a post-Brexit exodus of workers and capital to the Continent. The financial services commissioner is responsible for bolstering euro-based markets while also limiting their reliance on Britain. As UK and EU officials draw up plans for future financial services cooperation, Ms McGuinness insisted there must be “change” in their relationship.
| UPDATED: 16:04, Mon, Jan 18, 2021
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A senior MEP dismissed Brussels’ “wait and see” policy and insisted the approach would hinder Europe’s financial services industry. German Markus Ferber, of the European People s Party, said the plan should also curb the reliance on the dollar on international markets. The veteran MEP said: “We need a clear step-by-step masterplan that helps key financial sector businesses move from the United Kingdom to the European Union.