London Daily

Focus on the big picture.
Monday, Nov 17, 2025

Sunak and Macron: A bankers’ bromance

Sunak and Macron: A bankers’ bromance

A new UK prime minister and a deal on cross-Channel migration could herald a reset in Anglo-French relations.

After years — some might say centuries — of bitter feuding, love may finally be blossoming across the English Channel.

It’s still early days in the courting process, but senior officials in both Britain and France are daring to hope that a new Entente Cordiale may be forged between Rishi Sunak and Emmanuel Macron in the weeks and months ahead.

Any modern-day dating app worth its salt would match them immediately. Two slick, wealthy, diminutive investment bankers in their early 40s, with penchants for power, pragmatism and the politics of the center-right. Surely, their top officials whisper, these guys are bound to get along?

“They can compare the size of their bonuses!” joked a senior EU diplomat, noting Sunak’s former life at Goldman Sachs and Macron’s history at Rothschild.

The early signs are good. The all-important first date appeared to go well — a bilateral meeting on the margins of the United Nations COP27 climate change conference in Egypt last week. Macron was sufficiently charmed to invite Sunak back to Paris, just before Christmas, for a conference in support of Ukrainian civil society. Playing hard to get, Sunak has yet to formally respond.

The pair will meet again this week, this time upon the beautiful beaches of Bali, a stunning tropical backdrop for what may prove to be a challenging G20 summit, given the global backdrop. The first formal Anglo-French summit in five years is being planned for early next year.

And on Monday the two sides unveiled a long-awaited deal on cross-Channel migration, after months of diplomatic stalemate under Britain’s previous leadership.

What’s clear is that after a long, tumultuous period following Britain’s decision to leave the EU in 2016, both governments hope to seize the chance for a fresh start provided by Sunak’s arrival in No. 10 Downing Street.

“Sometimes we have been hostages — on both sides — to domestic politics, but our strategic interests are aligned and our response capacities are similar,” a French diplomat said. Thus far, he added, bilateral conversations have been “positive.”

A senior official in the U.K. Foreign Office who knows both men said they were confident the relationship will work.

“It’s not surprising that they would get on,” the U.K. official said. “They are two of Europe’s youngest, freshest leaders and both think that our countries should be working together given the world we’re in. That’s our respective national interests.”

Jean-Pierre Jouyet, a former French ambassador to the U.K., believes the two men’s past careers as bankers and finance ministers will aid mutual understanding.

“The relationship can work, because they’ve had similar paths, they see the markets in a similar way — and because Macron is a lot more right-wing than he was five years ago,” Jouyet said. “They are familiar with the same financial circles — the circles that backed Macron [for president.]”


Friend or foe?


Upon taking office in October, Sunak was determined to draw a line under the hostilities between Macron and his two predecessors as U.K. prime minister, Liz Truss and Boris Johnson. Johnson and Macron had frequently clashed, while Truss infamously replied that “the jury is out” when asked if Macron was Britain’s friend or foe.

In Sunak’s first private phone call with Macron after becoming PM, on October 28, he “stressed the importance he places on the U.K.’s relationship with France — our neighbour and ally,” according to a Downing Street read-out of the call.

In fact, a government official with direct knowledge of the phone call suggested Sunak made the classic first-date mistake of being a little too eager to please.

Sunak “just so obviously wanted to make it work, it was all a bit desperate,” the official grimaced. “He went straight in there at the start and was like — ‘I just want to say, I see you as a friend, alright? A friend, ok?’ And then he kept coming back to it again and again later. ‘A friend. A friend.’

“In a way I thought Truss’ no-nonsense approach [to Macron] was more effective. It showed how inexperienced [Sunak] is at this.”

If Macron appeared non-plussed by Sunak’s gushing approach, there is no doubt Paris senses an opportunity to reset relations.

Upon taking office, Rishi Sunak was determined to reset relations with France


What Sunak brings above all is “good will,” said Alexandre Holroyd, a French lawmaker for Macron’s Renaissance party who represents French citizens in the U.K., northern Europe and the Baltic states.

“Under Boris Johnson, the relationship hit rock bottom because he did not want to move forward with the French on anything,” he said. “The first thing Rishi Sunak said was that he wanted to relaunch the relationship … there’s a real opportunity.”

A senior French envoy said it’s too early to be sure how relations may evolve, but pointed to Macron’s offer last week to host the British prime minister in the first quarter of 2023 — the first formal Anglo-French summit since Macron met Theresa May in early 2018. A second French diplomat said officials are still agreeing the agenda, but that Paris believes the meeting can yield tangible outcomes.


Befriending the ‘kingmaker’


There is much for the two sides to discuss. Illegal cross-Channel migration; energy security; and the ongoing row about the implementation of the Brexit agreement all loom large.

On Brexit, the mood music is increasingly positive. The EU diplomat quoted above said Sunak — despite having voted Leave in 2016, unlike his predecessor Truss — is seen across Europe as solutions-focused, rather than as an “opportunist” who belatedly jumped on the Brexit bandwagon to further his career.

Officials on both sides are cautiously hopeful a deal on the Northern Ireland protocol can be done by the spring — ideally in time for the 25th anniversary of the Good Friday Agreement, when U.S. President Joe Biden is expected to fly in.

Cross-Channel migration remains a thorny issue, but a deal on closer working to combat smuggling gangs is hoped to be just the first step in a broader partnership, following successful talks between Sunak and Macron in Egypt.

On energy, the U.K.’s low gas storage capacity makes it reliant upon European partners to send back energy resources in times of need, meaning a diplomatic scramble is underway ahead of what looks like a challenging winter ahead.

Two diplomats from energy-rich European countries said British officials have approached their governments asking for reassurances that they will not halt gas and electricity supplies to the U.K. in the event of shortages this winter, amid fears London might not be able to rely on French energy exports as before.

A reboot of the relationship looks in the interests of both sides.

Jean-Louis Thiériot, a French MP for Les Républicains party, suggested Macron will be keen to boost ties with Downing Street given the difficulties in his relationship with German Chancellor Olaf Scholz. Other diplomats say Macron is simply keen to resolve the multiple outstanding issues in Anglo-French relations.

For Sunak, a close relationship with Paris will prove essential to solve Brexit-related challenges, the EU envoy quoted above said, because of the influence the French president exerts over the European Commission. It was Macron, the diplomat noted, who played a key role in installing Ursula von der Leyen as Commission president in 2019, and the pair remain in close contact.

“Be in no doubt,” the diplomat said. In Europe, “Macron remains the kingmaker.”

Newsletter

Related Articles

0:00
0:00
Close
Popeyes UK Eyes Century Mark as Fried-Chicken Chain Accelerates Roll-out
Two-thirds of UK nurses report working while unwell amid staffing crisis
Britain to Reform Human-Rights Laws in Sweeping Asylum Policy Overhaul
Nearly Half of Job Losses Under Labour Government Affect UK Youth
UK Chancellor Reeves Eyes High-Value Home Levy in Budget to Raise Tens of Billions
UK Urges Poland to Choose Swedish Submarines in Multi-Billion € Defence Bid
US Border Czar Tom Homan Declares UK No Longer a ‘Friend’ Amid Intelligence Rift
UK Announces Reversal of Income Tax Hike Plans Ahead of Budget
Starmer Faces Mounting Turmoil as Leaked Briefings Ignite Leadership Plot Rumours
UK Commentator Sami Hamdi Returns Home After US Visa Revocation and Detention
UK Eyes Denmark-Style Asylum Rules in Major Migration Shift
UK Signals Intelligence Freeze Amid US Maritime Drug-Strike Campaign
TikTok Awards UK & Ireland 2025 Celebrates Top Creators Including Max Klymenko as Creator of the Year
UK Growth Nearly Stalls at 0.1% in Q3 as Cyberattack Halts Car Production
Apple Denied Permission to Appeal UK App Store Ruling, Faces Over £1bn Liability
UK Chooses Wylfa for First Small Modular Reactors, Drawing Sharp U.S. Objection
Starmer Faces Growing Labour Backlash as Briefing Sparks Authority Crisis
Reform UK Withdraws from BBC Documentary Amid Legal Storm Over Trump Speech Edit
UK Prime Minister Attempts to Reassert Authority Amid Internal Labour Leadership Drama
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
Apple to Pay Google About One Billion Dollars Annually for Gemini AI to Power Next-Generation Siri
UK Signals Major Shift as Nuclear Arms Race Looms
BBC’s « Celebrity Traitors UK » Finale Breaks Records with 11.1 Million Viewers
UK Spy Case Collapse Highlights Implications for UK-Taiwan Strategic Alignment
On the Road to the Oscars? Meghan Markle to Star in a New Film
A Vote Worth a Trillion Dollars: Elon Musk’s Defining Day
AI Researchers Claim Human-Level General Intelligence Is Already Here
×