London post-brexit as a financial center

Sig said:
I know you're not an American so you wouldn't realize this, but the Heritage Foundation is considered a right wing think tank and are in fact very biased toward right wing lunacy. In fact they're the ones that have come up with much of it, and as an entrepreneur and business owner I especially take umbrage with much of the crap they spout about creating jobs and growth, which I'm actually doing and they have clearly never done. So their opinion on the matter pretty much reinforces my points! And Forbes, you know the guy ran for President on a flat tax platform, yes? Those aren't considered the respected unbiased sources around these parts that you seem to think they are, and frankly it's almost humorous to see you quote them as a way to make your point since it so effectively makes the opposite point!
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Likewise you are neither British nor European, so you wouldn't understand that the EU is an undemocratic, protectionist empire that seeks political integration at the cost of the rights and freedom of the people of the UK and Europe.
 
Visaria said:
Likewise you are neither British nor European, so you wouldn't understand that the EU is an undemocratic, protectionist empire that seeks political integration at the cost of the rights and freedom of the people of the UK and Europe.
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"Help, help, we're being repressed."
 
schweiz said:
Your answer is hilarious! It is the loss in just ONE COMPANY. A lot of others have/will have the same problem Like Jaguar/Landrover, Nissan, Honda, BMW...

Many British still dream they live in the British Empire from centuries ago. Reality will wake them up soon.

"Jaguar Land Rover has warned that a "bad" Brexit deal would threaten £80bn worth of investment plans for the UK and may force it to close factories.
Let me guess: £80bn of lost investments and closing factories is also proof for you that everybody wants to go to the UK and leave EU. LOL.
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You may want to worry more about the state of the Eurozone, rather than on the UK. I understand that the clouds of recession are growing.



"Mr Draghi's warnings came after surveys indicated the eurozone economy sank further towards stagnation, with French business output now contracting.

The purchasing managers’ index slid to 50.7 for the eurozone as a whole in January - the lowest level in more than five years. The private sector survey, compiled by IHS Markit, points to growth when the score is above 50. As a result this slump from 51.1 in December shows business activity in the doldrums.

France’s PMI fell to 47.9, indicating activity fell at its fastest pace in more than four years. Germany’s score of 52.1 was an improvement on its December number, though still relatively weak."
 
Visaria said:
Is that the best you can respond with?
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Seriously, you don't appreciate that Monty Python quote that perfectly encapsulates your rantings? That's just un-British I tell you, in fact it calls into question everything about you! You're secretly a Belgian aren't you, and I bet a Walloon at that!
 
Visaria said:
You may want to worry more about the state of the Eurozone, rather than on the UK. I understand that the clouds of recession are growing.



"Mr Draghi's warnings came after surveys indicated the eurozone economy sank further towards stagnation, with French business output now contracting.

The purchasing managers’ index slid to 50.7 for the eurozone as a whole in January - the lowest level in more than five years. The private sector survey, compiled by IHS Markit, points to growth when the score is above 50. As a result this slump from 51.1 in December shows business activity in the doldrums.

France’s PMI fell to 47.9, indicating activity fell at its fastest pace in more than four years. Germany’s score of 52.1 was an improvement on its December number, though still relatively weak."
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End of March the rewards will be distributed. We will see if the UK is the big winner. Only then will be clear who will stay in the UK. Many financial institutions have a plan B but don't share it yet as it is useless and can only bring stress for the employees working in the UK. Depending of what kind of Brexit we will see end of March you wilml see how big the damage will be and for who. No financial institution will decide today to go as they don't know the outcome of end of March. Only then things will start to move. Moving is very expensive, so the Brexit should be for 100% clear. But who will move will never ever come back. As for them the UK is an unreliable partner.

Don't worry, if it is a hard Brexit, The UK will be for a few years top of the list of economies that are in recession.
 
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This proofs that just open a branch and ask a licence will not work like Visaria thinks. The core business should really move, not just on paper. EU will take over the whole EU related business in a short time. It is already starting. Why should EU institutions do business outside EU if they can do it in the EU? Why should EU financial institutions need offices outside EU to do business with clients inside the EU?

In the immediate aftermath of the Brexit referendum, banks assumed they could continue to provide services to continental clients simply by setting up legal entities in the remaining EU countries. However, the ECB, the Bundesbank and Bafin -- the German markets regulator -- all demanded that continental subsidiaries hold sufficient resources, with the latter warning against "letterbox" subsidiaries that contain little more than a postal address.

The BBC has a problem with Brexit, as they cannot broadcast in EU anymore (BBC World and BBC Earth) after 29 of March, as they will need to get licences. France is already refusing a free trade agreement for the audio visual sector in the UK. This will not be the last problem. A hostile Brexit will generate a lot of hostility.
 
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