France would send migrants to England and take London’s exiled bankers in return should the UK vote to leave the EU, French Economy Minister Emmanuel Macron warned.
He said Brexit would have serious implications for the U.K.’s bilateral relationship with France.
“The day this relationship unravels, migrants will no longer be in Calais and the financial passport would work less well,” Macron told the Financial Times.
The intervention follows David Cameron’s warning last month that the Le Touquet agreement — under which Britain can perform border controls on the French side of the Channel — could be jeopardized if the U.K. votes to leave on June 23. Cameron faced allegations of “scaremongering” by Out campaigners, who pointed out the agreement is a bilateral arrangement, not linked to the EU.
Macron also repeated comments he made to POLITICO last month that Paris could roll out the red carpet for financial service workers leaving the City of London if they relocated in the event of a Brexit.
“If I were to reason like those who roll out red carpets, I would say we might have some repatriations from the City of London,” Macron said, alluding to a similar offer by Cameron in 2012 when France hiked taxes.
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