Macron rebuffs City deal after Brexit unless United Kingdom pays into European Union budget


Outlining his own take on the British context prior to the Brexit vote, Macron said it was his understanding that the "middle-classes and working-classes - and especially the oldest in your country - decided that the recent decades were not in their favour, and that the adjustments made by both [the] European Union and globalisation - for me it was a mix of both of them - was not in their favour".

Marr asked: "If France had had the same referendum, it might have had the same result?"

"Yes. Probably, in a similar context".

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Macron's comments echo those he made during a meeting Thursday in which he and British Prime Minister Theresa May pledged closer cooperation on defense and border security after Britain leaves the European Union in March 2019.

In an interview The Andrew Marr Show, he said there is "a competition between different countries" to attract financial services companies in the future and that France wanted "to attract the maximum activity".

Also appearing on the show, Labour's shadow chancellor John McDonnell claimed he agreed with Mr Macron's assessment that Brexit was due to a sense that "neoliberalism has alienated people".

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Mr Macron responded: "Yes, probably".

However he warned the United Kingdom could not "cherry-pick" the elements it liked, saying "because that's a dismantling of the single market".

He added: "And you should understand that you can not, by definition, have the full access to the single market if you don't tick the box".

And Macron renewed his warning that the United Kingdom would not be able to get full access to the Single Market without paying in money and accepting freedom of movement on Brexit.

"This special way should be consistent with the preservation of the single market", said the French president.

"I actually think there is a deal to be had because it isn't just the City of London, the financial sector in London benefiting our own country, it benefits Europe as a whole because it brings together the opportunity of investors joining together and investing in Europe as well as Britain", he said.