Paris Prepares Incentives to Attract Finance Jobs from London

  • 2016-07-06
  • The Reuters

The French government will outline incentives on Wednesday to make Paris a more attractive financial center, officials said, as the French capital seeks to win finance jobs from London for a post-Brexit era.

France's financial sector has often complained of government ambivalence towards the industry, which is subject to high taxes and sometimes hostile remarks from politicians.

Prime Minister Manuel Valls has made a snap decision to appear at the annual conference of the French financial industry's lobby, Paris Europlace, later on Wednesday -- a rare visit to the event by a high-ranking member of the government.

"We will do more in the future to enhance the attractiveness of the Paris financial center: the government will do its part," Bank of France governor Francois Villeroy de Galhau said in a speech to the conference.