London status as a global financial center The “delicate” has been left by BrexitOwner of Goldman Sachs has warned.
David solomonThe chairman of the bank and the Chief Executive Officer said that it is diverting the employees From London to rival cities Such as Paris, Frankfurt and Munich.
Talking to Sky Master Investor Podcast with Wilfred FrostHe said: “Financial The industry is still inspired by talent And capital building, and those things are much more mobile than 25 years ago.
“London remains an important financial center. But because of this BrexitDue to the way the world develops, the talent here was more mobile.
“We have many more people on the continent as a firm.”
Expanding the change in the bank’s change in other European cities from London, Mr. Solomon said: “If you go back, Goldman Sachs Today, if you are in Europe, you can live in London, you can live in Paris, you can live in Germany, Frankfurt or Munich, you can live in Italy, you can live in Switzerland.
“And we have found, you know, the real office. You just have to identify that talent is more mobile.”
Goldman Sachs has around 6,000 employees in Britain.
Mr. Solomon also warned Rahel reeves Against further tax increase, especially on the rich, who can leave more bank employees Britain.
Amid growing calls for Chancellor, to unveil a money tax, Ms. Reeves searched for how to raise her billions Budget This autumn, Mr. Solomon warned: “If you do not determine a policy that exerts talent here, which encourages capital formation here, I think you take risks over time.
“Incentive matters if you create tax policy or encouragement that push people away, you harm your economy.”
The bank chief said that he has “sympathy” for the Chancellor before his budget, welcoming his focus on economic development.
“And now we have to look at the action stages that actually follow and encourage it,” he said.
Home office minister Seema Malhotra Convicted former Prime Minister Liz truss To reduce Britain as a place to trade.
Ms. Malhotra told Sky News: “There has been a feeling of coming out of the treasury since coming to the government last year, and this is because we have seen losses for more than 14 years, but recently, since the Liz Trus Premiership, the damage to our economy, the damage to our economy, our reputation worldwide, our reputation.
“And what I have seen during the government is a government that is very and completely focused on how we rebuild our economy, but also how we work with us City of LondonWith our financial services, because it is a jewel in the crown for the UK,
“And I believe that with the Chancellor and working in partnership with our government, once again, with the British industry, that we will see that we will see that confidence.”
Angela Rener’s comments on summer riots are part of a power play