Bankers returning to Goldman Sachs’ £ 1 billion London headquarters on Monday will need to wear masks inside the building, despite relaxed government regulations.However, unlike some competitors, Goldman does not require staff to be vaccinated to get a job.70% of UK staff want to return to the office within a few weeks.Goldman Sachs International boss Richard Gnodde said the company remains committed to its London headquarters. Gnod told the BBC: “The center of gravity of our workforce is in our building, which is in this building.”Our focus is very much on ensuring a safe workplace. People are still wearing masks inside the building.”He said banks would not insist on vaccinations to enter the country or force people to return if they were uncomfortable doing so. Make sure our people feel comfortable. “”
Goldman bankers ordered to disclose vaccine status
The company has no plans to rush back to the office on Monday
Financial services are at the top of the UK economy and account for 12% of all taxes paid in the UK.
Since Brexit’s vote, over £ 1 trillion in customer and corporate funding, trillions of transactions and an estimated 8,000 jobs have left the capital. This left the question of whether the crown was in danger of slipping.The day the real royal family in the shape of Prince Charles visited Goldman’s office, Mr. Gnod told the BBC that the future of London would remain bright.
“We installed this building throughout the Brexit period, which really underscores our confidence that London will continue to be one of the world’s leading financial centers,” Gnod said. ..”There was a movement of assets, it’s gone, and access to the European market wasn’t as free as it used to be. We have to create and create new opportunities.”
However, there were some disguised warnings. Creating these opportunities will require the support of governments and regulators to keep London competitive with other international centers. Gnod believes that lessons can be learned from the deregulation of financial services by major banks in 1985.
“The UK was clearly supporting financial services. It was very clear. I would like to emphasize certainty in this regard in terms of supporting business. It is absolutely important.”And it needs to be consistent. It supports business on Mondays and Tuesdays, and you can’t criticize it on Wednesdays and Thursdays … it sends a misleading message. Certainty is important. is.”
When city bosses talk about competitiveness, it’s often the code for lighter regulation. Outside the EU, many want a regulated bonfire. Which bit would he burn if Mr. Gnod played a match?
“Cut off bureaucracy”
“Eliminate duplication and unnecessary overreporting. Let’s do what we have to do to achieve effective regulation, but to help businesses use their capital resources efficiently. Let’s cut out some of the bureaucratic elements. “Doing more business with the fastest growing regions of the world means tackling China’s economic strength. How complicated is it when Chinese companies are kicked out of their telecommunications infrastructure, Hong Kong’s democracy is attacked, and China faces allegations of using Uighur forced labor?”I think this is a multifaceted relationship,” he replied.
“I think our relationship with China will be a partner in many ways. When tackling climate change, we need to do this together. We live on the same planet. They Become a customer, and a client of many of our businesses, and absolutely need to have the right and right conversations in the political arena of the region in which we compete. “
It’s a big world with lots of opportunities-and Mr. Gnod accepts Britain outside the EU, which is definitely a small fish, but that’s not necessarily a bad thing.
“Sometimes it’s an advantage to be a small fish. Your paranoia level goes up-you need to move to innovate and create. Look at the problems that the last century and this country experienced, and I We are absolutely confident that people in the UK will move forward again. “
Such a statement should help repair some difficult relationships between the city and the government over the past few years.