About 50 British companies have moved to France. They began to escape because of Brexit (the country’s exit from the European Union). The head of the Bank of France, François Villerois de Gal, said this at a press conference.

Brexit helped the French economy to poach some of the British companies and their assets (in total of 170 billion euros). The head of the Central Bank is sure that this process will accelerate in 2021. Almost 2.5 thousand jobs have already been transferred from the UK to France.

In the first eight months of the fiscal year, UK government loans rose to a record 240.9 billion pounds ($323 billion). The country faced the largest budget deficit in its history (in peacetime).