It’s a rude awakening for French President Macron. He’s had to admit that the EU is “over-regulating and under-investing”. Coming round to the UK’s realisation 8 years later…

Speaking to Bloomberg TV, the ‘Macaron’ said:

“We are over-regulating and under-investing. So just if in the 2 to 3 years to come, if we follow our classical agenda, we will be out of the market, I have no doubt…I think the simplification agenda and the let’s say pause in terms of regulation, but even deregulation in some issues, it’s absolutely critical.”

Not the best advertisement for the Bloc coming from the EU’s Champion-in-Chief. Meanwhile, the UK – now free from the shackles of the EU’s red tape – is the top destination for investment in financial services and has the highest GDP growth in 2024 than any other European country in the G7. Condoléances, Monsieur President…