Almost immediately after former investment banker Emmanuel Macron was elected president of France, speculation mounted that he plans to take advantage of Brexit chaos and lure London’s bankers to Paris. If true, this gives some insight into the type of free-market structural transformation Macron has in mind for the French economy.

But enticing bankers away from Europe’s financial capital will not be easy. And successful or not, a battle for the banks spells bad news for workers on both sides of the English Channel.

Considering bankers are as unpopular in France as in most European states suffering the fallout of the 2008 financial crisis, this ruse is unlikely to garner support from already skeptical French workers. Nevertheless, Macron’s priorities lie in finding solutions to France’s three long-standing economic woes; high unemployment, low growth, and a large national debt.