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How badly will Brexit affect the London banking scene watch
- 11-01-2017 21:32
(Original post by Ladbants)
- 11-01-2017 21:45
Having the largest financial centre is a big reason why banking will stay in London. I don't think we need anything else to back it up, it's already such a huge advantage.
Just like Britain left the EU because it was a sinking ships, the banks will do the same to us. Being a financial centre means nothing if strategists within the bank realise that they cant grow. Banks hate uncertainty.
- 11-01-2017 21:49
(Original post by niteninja1)
- 12-01-2017 08:44
Also we have more negotiating power than you think. If eu say we can't keep the financial passport we can say we'll we will put a 90% tarrif on EU goods as a self governing democracy we have the power
These facts are understood well by May. I thoroughly refute any charge that says her thinking is muddled. Her thinking is crystal: regain control of the border and laws in exchange for the loss of economic dynamism and global influence. Which is fine, because Brexit prioritised culture over economics. That's why red, white, and blue Brexit, for all its satirical properties, is more of an apt description of what the UK is aiming for. Hard-Soft discussions assume that economics is a priority. It is not.