Gary Cohn says Britain should stay in the EU to London’s growth

Gary Cohn, president of Goldman Sachs has said Britain needs to stay in the EU to ensure London is a “great financial capital of the world”.

He said financial firms “want to stay in London” – and Britain remaining in the EU was the “best thing for all of us.”

Some firms fear EU nations could impose fees on UK-based banks to operate in the EU if Britain left the union.

But some business figures have demanded for Britain to pull out.

Mr Cohn said: “I think for the UK it’s imperative to keep the financial services industry in London.

“We all want to stay in London – it is our European headquarters.

There are many advantages of the UK being part of the EU, at the same time there are also some disadvantages politically, such as laws an legislation imposed on Britain from Brussels.