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France ‘wants to disrupt and degrade’ City of London

FRANCE wants to exploit Brexit to disrupt and degrade Britain’s lucrative financial sector, a senior City representative has warned.

Former foreign office minister Jeremy Browne (pictured), who acts as the City of London’s envoy on Brexit, said the French see the British as ‘adversaries’ in the forthcoming withdrawal negotiations.

In a memorandum leaked to the Mail On Sunday, he said the French were open about their desire to see the UK weakened.

Mr Browne, who met banking chiefs, senior politicians and diplomats in Paris, wrote: ‘They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London. The meeting with the French central bank was the worst I have had anywhere in the EU. They are in favour of the hardest Brexit.’