Goldman urges government to make Brexit transition deal

Updated: 00:00 GMT, Jan 1, 1970 | Published: 12:12 GMT, Jul 21, 2017 |

A “significant” Brexit transitional period needs to be agreed as soon as possible, to stop jobs being moved from the UK to Europe, according to the boss of Goldman Sachs International.

Chief executive Richard Gnodde told the BBC he was spending money “every single day” on contingency plans for Brexit. The plans involve taking on more staff in Goldman’s European offices to serve EU customers post-Brexit.

If a transitional deal was in place he could save that money, Mr Gnodde said. Goldman Sachs employs 6,500 people in the UK.