French prime minister Edouard Philippe plans to make Paris "Europe's new number one financial hub" after Brexit

 
William Turvill
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Edouard Philippe was made French prime minister in May (Source: Getty)

The French government has set its sights on making Paris “Europe’s new number one financial hub" after Brexit.

The country’s prime minister, Edouard Philippe, told a conference in the French capital today that his government is set on enhancing the “standing of Paris”.

“The French government is committed to boost Paris attractiveness by all means,” he told the Europlace conference, addressing his audience in English. “We want Paris to become Europe’s new number one financial hub after Brexit.”

Last week, the government set out a package of reforms aimed at making the country more attractive to business. The changes include a shake-up of labour laws and a commitment to cut corporation tax from 33 per cent to 25 per cent within five years.

Philippe added: “This package is powerful. It addresses taxation, labour law, a business friendly environment and also international schools. Our goal is to send a strong signal to the world business community… Paris is ready and France is back.”

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