The Malta Business Weekly

Come to France post-Brexit, banks urged

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French presidenti­al candidate Emmanuel Macron has said he would like UK banks and workers to relocate to his country, following discussion­s with Theresa May.

Speaking in Downing Street, the centrist politician called his own country "a very attractive space".

Mr Macron called for a "fair execution" of Brexit.

The French government has been wooing London-based financial companies, but the UK government has promised to fight to maintain the City's position.

HSBC said last month that it was preparing to move 1,000 jobs to Paris.

Speaking after talks with Mrs May, Mr Macron was keen to emphasise his enthusiasm for such developmen­ts, telling reporters: "I was very happy to see that some academics and researcher­s in the UK, because of the Brexit, would consider to come to France precisely to work."

Asked if he wanted banks to move to Paris after Brexit, he said: "I want banks, talents, researcher­s, academics and so on.

"I think that France and the EU are a very attractive space."

Mr Macron, who appeared alone in Downing Street after his meeting, said there was a "series of initiative­s" aimed at getting "talented people… working here to come to France".

The former economy minister and investment banker added that despite the UK leaving the EU, there should be "further cooperatio­n in terms of defence" between it and France.

On the future of French nation- als in the UK, Mr Macron said: "I will be very careful about the way for our people to be allowed to stay here and work in good conditions."

Last week, Mrs May stressed the importance of an early deal to establish the rights of EU citizens living in the UK and UK citizens living in other EU countries.

Mr Macron has largely been in third place in recent French presidenti­al opinion polls, behind the National Front's Marine Le Pen and Republican Francois Fillon. In some, he has come second. Further polling suggests that, if he came second overall to Ms Le Pen in the first round of voting and entered a final run-off against her, he would win the presidency.

After speaking to the media, Mr Macron walked around Westminste­r, stopping to chat and appear in selfies.

A Downing Street spokesman said Mrs May and Mr Macron had had "a private conversati­on".

Asked whether the French politician had been invited, he said: "He is in London, and we have been able to accommodat­e him."

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