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EU citizens in Britain

The Trader

EU citizens in Britain

Last night at a leaders’ meeting in Brussels, after the monkfish and before the coffee, PM Theresa May announced plans as to how Britain would treat EU citizens currently living on these islands. The broad outline is that anyone who has lived here for five years has the right to remain and benefit from all the usual things a British person might expect. Chancellor Merkel said the proposals were ‘a good start’.

Japanese investment banks Daiwa and Nomura have recently decided to make Frankfurt the headquarters for their EU operations leading some newspapers to crow at their skill/luck. Meanwhile today Sueddeutsche zeitung reports that German giant Allianz will cut 700 jobs in the country over the next three years, part of an overall cull of 1300 staff.

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