EU financial centres vie to poach tens of thousands of City jobs

Report says firms in Paris, Frankfurt and Dublin are lobbying their governments to match London’s business-friendly environment and steal ‘low-hanging fruit’

London’s rival financial centres are lobbying their governments to support bids to steal tens of thousands of jobs from the City, according to a report on the impact of Brexit on the UK capital.

The report found that financial firms in Paris, Frankfurt and Dublin are pushing politicians to relax domestic business regulations and permit new office construction as they seek to steal “low-hanging fruit” from London.

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