French bankers have pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France's finance minister, Bruno Le Maire, reports Reuters.
President Emmanuel Macron's government has already announced plans to cut payroll tax and cancel a planned extension of tax on share trading, measures that French banks had lobbied for.
"About a thousand jobs could be concerned, which could have a knock-on effect of at least three indirect jobs for each direct job," the French banking federation said in a statement.
However, it was not immediately clear whether those measures have had any effect on bank relocation plans that could have been laid out earlier. Despite efforts to attract London banks after Brexit, international banks so far have mostly chosen Frankfurt as their EU hub.
Le Maire met the head of the French central bank, Villeroy de Galhau, and executives of BNP Paribas, BPCE, SocGen, Crédit Agricole, Crédit Mutuel, and the Banque Postale.