Bowles: Goldman Sachs may reconsider London as a hub if UK quits EU

Sharon Bowles MEPLiberal Democrat MEP Sharon Bowles today warned of dramatic job losses in the financial sector if the UK were to leave the EU, after co-CEO of Goldman Sachs Michael Sherwood said his company would be likely to ‘drastically reduce’ its activities in London in case of an EU exit.

Speaking to German newspaper Frankfurte Allgemeine Zeitung, Mr Sherwood warned:

“In all likelihood we would transfer a substantial part of our European business from London to a Eurozone location – the most obvious contenders being Paris and Frankfurt.”

Goldman Sachs currently employs around 5500 people in London compared to just 200 in Frankfurt.

Commenting, Chair of the European Parliament Economic and Monetary Affairs Committee Sharon Bowles said: Continue reading

Taylor: UKIP parental leave views are ‘straight out of the Victorian era’

Liberal Democrat MEP Rebecca Taylor has launched a scathing attack on UKIP’s sexist and patronising approach to women, following comments made by UKIP MEP Paul Nuttall over Nick Clegg’s proposals to update the system of parental leave.

Nuttall, UKIP’s Deputy Leader, claimed that “new mums can hardly breast-feed – as everyone knows is best – if they’ve gone back to work after a fortnight leaving dad in charge.”

Currently fathers have less right to parental leave than mothers but under Clegg’s proposals, both parents would have the right to choose whether to share parental leave.

Rebecca Taylor commented: Continue reading