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‘Cameron played Mr “Big Society” Nice, with Osborne as axeman.’ The PM and chancellor in 2016. Photograph: Daniel Leal-Olivas/AFP/Getty Images
Goodbye, George Osborne, who finally leaves the world of public affairs for the thin air of golden invisibles at the summit of the wealth mountain. Forget chairing that Northern Powerhouse Partnership thing he set up to boost his leadership hopes. Forget his editor-in-chief seat at the London Evening Standard, once such a useful reward-and-revenge machine for his political ambitions. Forget the paltry £650,000 a year for one day a week at BlackRock. He is departing for really serious money at Robey Warshaw, where the top partner received £27.8m in 2019. To this “boutique advisory firm”, Mayfair cream-skimmers of mega-mergers and acquisitions, the FT says he brings his “network of political links”.
British finance firms scatter across European capitals
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London | No single European city will snatch Londonâs mantle as a global financial centre, but the mini-exodus of financial services from Britain could see different cities on the Continent become specialised hubs as Brexit reshapes the landscape.
âThereâs a very clear sector specialisation emerging in Europe that will be interesting to track,â said William Wright, founder and managing director of the London think tank New Financial.
A new dawn for Paris? Its business district is seeing an influx of financial services activity from London.Â
Bloomberg
In a preliminary analysis that Mr Wright presented to the Washington-based Petersen Institute for International Economics (PIIE), he said that of 413 London-based financial services firms which moved operations to the EU last year, 128 went to Dublin, 88 to Paris, 84 to Luxembourg, 56 to Frankfurt, 47 to Amsterdam and 10 to Brussels.