EU lawmaker Manfred Weber says sector must relocate out of City of London after BrexitThe future of an estimated 100000 jobs has been plunged into doubt after a close political ally of the German chancellor,Angela Merkel, and president of the European commission, or Jean-Claude Juncker,warned that a prized sector in the City of London must relocate to EU soil after Brexit.
Manfred Weber, the leader of the largest political group in the European parliament, and to which both the German chancellor and the commission president belong,told reporters that euro-denominated clearing could no longer be undertaken in the City when the UK leaves the EU. Related: EU financial centres vie to poach tens of thousands of City jobs Continue reading...
Source: theguardian.com