Paris Advertising for British Financiers to Move

paiisfrogs

Paris is trying to lure British financiers to leave London for the City of Lights with this advert. Apart from the reality that London has fog about as often as Paris there are some other problems with financiers moving to the continent. Here is a list:

  • London has 41% of the foreign exchange market, Paris 3%. London trades more €uros than Paris, Frankfurt and Milan combined. The numbers for all other sectors of finance are similar. Bonds, equities and derivatives trading are centred on London. More funds are managed in London’s glitzy West End than Paris, never mind the Square Mile itself or Canary Wharf.
  • Charles De Gaulle airport will have you wishing for the joys of Heathrow.
  • The French bureaucracy is legendary, French labour laws explain why so many French entrepreneurs come to London to start-up.
  • Socialist France’s taxes explain why there are some 300,000 French men and women working in London.
  • Everything shuts early, for lunch, on Sunday, on Sartre’s birthday, whenever you need something urgently.
  • Property in Central Paris is nearly as expensive as Central London. Paris rents are the second highest in Europe.
  • Parisians are famously rude to foreigners, to the point of racist.
  • Paris smells of urine.

Paris is great for a romantic weekend, London’s real rival for the financial capital of the world is New York…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns
Sunday Shows Sunday Shows
The Economist’s Lack of Intelligence Unit The Economist’s Lack of Intelligence Unit
Happy Independence Day! Happy Independence Day!
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Could Sinn Fein Make Corbyn PM? Could Sinn Fein Make Corbyn PM?
Russell Brand Has Endorsed Corbyn And The Tories Won’t Be Worried Russell Brand Has Endorsed Corbyn And The Tories Won’t Be Worried
Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Liar Clegg Brillo’d Liar Clegg Brillo’d
Just 22% Still Support Remain Just 22% Still Support Remain
McDonnell Denies Being Marxist McDonnell Denies Being Marxist