Brexit

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Theresa May's approach to Brexit risks making her the “unwitting tool” of aggressive nationalists seeking to tear the European Union apart, former deputy prime minister Nick Clegg is warning. Speaking ahead of the Prime Minister's talks with Donald Trump in Washington on Friday, Mr Clegg will name the new US president as part of an “axis of aggressive nationalism” stretching from the White House to the Kremlin and taking in hardline Brexiteers in the UK and populist parties in countries across Europe.

Brexit: Theresa May 'unwitting tool' of hardline nationalists determined to destroy EU, says Nick Clegg | The Independent

”Her vision for a hard Brexit will pull us out of the European single market, the world's largest borderless marketplace - which was, let's not forget, designed by the British and championed by the Conservative prime minister at the time, Margaret Thatcher. That is the wrong choice for Britain's interests.“

Brexit: Theresa May 'unwitting tool' of hardline nationalists determined to destroy EU, says Nick Clegg | The Independent

The boss of Goldman Sachs told Prime Minister Theresa May that a “hard Brexit” would help European cities such as Frankfurt and Paris compete for London’s position as the continent’s dominant financial centre. Lloyd Blankfein “talked tough” and said there was “no reason why European financial centres can’t set up as effective rivals”, the Financial Times reported, citing sources briefed on a private meeting at the World Economic Forum in Davos in January. Mr Blankfein reportedly expressed bemusement over how Ms May treats finance like any other industry, despite its outsized contribution to the UK economy and to tax revenues.

Brexit: Goldman Sachs boss warns Theresa May to protect City or lose out to Paris and Frankfurt | The Independent

Goldman Sachs chief executive Lloyd Blankfein said New York is “already a bit of a gainer” from Brexit as the Wall Street firm slows its previous policy of moving operations to London. “Operating our business to maximise our global potential -- we were trying to get as much into the UK as we could,” Blankfein said in a Bloomberg Television interview on Thursday with John Micklethwait at the World Economic Forum in Davos, Switzerland. “We’re slowing down that decision” to avoid having to move businesses twice, he said.

Brexit: New York 'already a gainer' from UK's decision, says Goldman Sachs CEO | The Independent