'IT'S FANTASY!' Europe will NEVER be able to recreate London's success, blasts Hammond

Posted on Jan 25 2018 - 9:30pm by admin

The chancellor told a Davos panel at the World Economic Forum that the EU should not underestimate London’s role as a global financial services centre. 

In bullish remarks, he blasted the “idea that you can recreate London’s financial centre anywhere else is a fantasy”. 

Mr Hammond said: “The idea that you can re-create in Frankfurt, or Paris, or Madrid, or Amsterdam or Luxembourg, or Dublin, London’s global financial centre I honestly think is a fantasy that isn’t going to happen. 

“The winner will be New York or Singapore if London is damaged by this process and the loser will be, not only the UK , but the European Union.”

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