FRANCE AFTER OUR JOBS

Bloomberg is reporting that France has set up a "one stop shop" for UK companies wanting to relocate to France (HERE).

The initiative is the latest push by Britain’s neighbor, ally and historic rival to compete for jobs and investment in the wake of the U.K. referendum. French Prime Minister Manuel Valls, flanked Thursday by Paris region head Valerie Pecresse, Paris Mayor Anne Hidalgo and Safran SA Chairman Ross McInnes, sought to counter France’s reputation for high taxes and heavy regulation.

“France is changing,” Valls said at a press conference in the French capital, adding that the corporate tax rate will fall to the European average of 28 percent by 2020 and vaunting the payroll tax credits introduced under President Francois Hollande. “I’m convinced that we’re moving in the right direction,” he said.

The Independent has a similar story (HERE)