City Envoy Says France Wants 'Disruptive' Brexit

General view of Paris

General view of Paris

France is setting out to weaken the United Kingdom economy and harm the City of London in the Brexit process, a lobby group has warned ministers.

He said: "...seasoned observers would be quick to say you have to understand the French: "they are upset about Brexit, they are very steely negotiators... these are just the opening shots in a long negotiating process etc.

Since the United Kingdom (UK) made a decision to leave the European Union (EU), French political and financial leaders have expressed their satisfaction at seeing bankers leaving the City of London and displayed visible efforts to attract them to Paris.

In a memo leaked to British tabloid The Mail on Sunday, Jeremy Browne, who has been holding talks with French banking chiefs, politicians and diplomats, says the French actively oppose a "smooth transition" for the financial sector, because it "hinders them in achieving their goals".

"The meeting with the French Central Bank was the worst I have had anywhere in the EU".

He also told ministers that the United Kingdom should "have our eyes open that France sees Britain and the City of London as adversaries, not partners".

"Every country, not unreasonably, is alive to the opportunities that Brexit provides, but the French go further, making a virtue of rejecting a partnership model with Britain and seemingly happy to see outcomes detrimental to the City of London even if Paris is not the beneficiary".

France, he said, is "more giddy and more assertive" since the election of President Emmanuel Macron, a former banker who is seen as business-friendly.

"There is plenty of anxiety elsewhere in the European Union about the French throwing their weight around so aggressively, but their destructive impulses are not being confined, and other European Union countries that want a friendly relationship with Britain and the City of London are being marginalised", he wrote.

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