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How badly will Brexit affect the London banking scene Watch

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    (Original post by IamJacksContempt)
    Do either of you even have anything to back these opinions apart from "largest financial centre"?
    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.
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    (Original post by Ladbants)
    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.
    If a financial conglomerate feels like the brexit deals leave little long term growth and potential, they're more than inclined to leave. Money isnt an issue, these banks make billions and they'd need to make short term sacrifices that in the long term will pay off.

    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.
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    (Original post by Maker)
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    What the heck are you on about?
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    (Original post by niteninja1)
    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
    As someone mentioned, being part of WTO restricts us from conducting that kind of a practice. The other fact is the EU and the banks have very little to lose in this. The banks have providence in their mobility. The 27 countries have the luxury to share their losses, as opposed to us. The onus to play hardball on economic issues is on their side.

    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.
 
 
 
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