Frankfurt to see more jobs from London due to Brexit

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:China Global Television Network (CGTN)- Frankfurt is expected to see more number of jobs coming from London as a direct result of Brexit.

Brexit negotiations have not even started and yet decisions about relocations are being made by some companies. Investment bank Goldman Sachs is one of the early movers and has already hired extra space in an office block in Frankfurt.

“Frankfurt is not Paris and Frankfurt is not London. But Frankfurt is Frankfurt and it has a lot to offer for maybe families. Think about the prices for housing here or in the area, you can decide to live in the countryside, you can decide to live in the city,” said Ralf Witzler, a lobbyist.

Some predict small shifts to several EU cities with many more dependent on the UK’s final exit deal.

“Maybe it turns out that it is more difficult than they have expected to do business within the European Union only with a small unit. And then it could be that there are further job losses in the more remote future for London,” said Dorothea Schäfer, research director at the German Institute for Economic Research.

Outside an apparently family-friendly stock exchange, Witzler confirms high level interest.

“The intervals between the questions are getting closer and the persons that ask for information, their decision making levels are getting higher. So we are convinced that a lot of them will decide for Frankfurt,” said Witzler.

Serving as the Eurozone’s banking capital is believed to be another selling point of Frankfurt.

© Copyright CCTV. The content in this story, including video and script is provided by China Central Television (CCTV) and is copyright CCTV. Thomson Reuters does not guarantee the accuracy of, or endorse the views or opinions given in, this package. THIS STATEMENT SUPERSEDES ALL OTHER STATEMENTS RELATING TO COPYRIGHT ATTACHED TO THIS CONTENT.


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