Lloyd Blankfein has caused a furore amongst the City banks, by warning that onerous regulation in Europe could force banks to looks for more welcoming homes outside of the EU. Goldman were then forced to clarify Blankfein’s statement, noting that “contrary to some news reports, we have no intention of quitting Europe.”

However, according to Jacqui Hatfield: “They won’t leave Europe because they won’t be able to operate freely within Europe if they do.”