George Osborne will today deliver a stark warning to Britain’s European partners that the UK will leave the EU unless it embarks on whole-scale economic and political reform.
In a speech to a conference organised by the pro-reform Open Europe thinktank and the Fresh Start group of Tory MPs, Osborne will say: “There is a simple choice for Europe: reform or decline. Our determination is clear: to deliver the reform, and then let the people decide.” Continue reading
Should it transpire, Frankfurt would likely be the winner as it’s slowly becoming the world’s new financial center. Paris only toes the German line.
Invetsment bank could switch European operations to Paris and Frankfurt
Goldman Sachs has said it would move much of its European business out of London if Britain leaves the European Union.
The warning from the world’s most powerful investment bank comes as political pressure for Britain to leave the EU mounts. Continue reading