He believes London will remain the financial heart of the EU and that the EU will have to beg the UK to have access to their own money.
Ofcourse he doesn't account for the effects of losing the free access of services (hint, financial traffic falls under that) to the EU will effect that and how all these branches being opened in the EU are so that these financial institutions can deal with the EU without going through London and that over time more and more will be shifted to these other locations as the financial heart of London bleeds to death.
So yes, he is dumb.
It ignores such insignificant forces as time, entropy, and death
London won't die, but it will lose a lot of power. Even outside of the EU, it's still a very good place to store your private fortune since you have access to British Overseas territories to store your money in, which means you don't have to pay tax. But that is primarily money that doesn't have to move. For big businesses where you have to move money? Makes more sense to keep them in the EU than London
London bleeds to death? Haha best laugh of the week ty you are too funny. Sorry but London's strength, thanks to brexit, in the global finance sector only grows as can be seen from this latest chart released just 2 weeks ago.
https://en.wikipedia.org/wiki/Global..._Centres_Index
Out of the two money bosses of the world, New York/London, there is only one boss based close to the EU's time zone. Both of those two the EU will still be forced to go cap in hand for future finance facilities to pay for their extravagant public spending. They haven't the ability to do it themselves, yes sir no sir will still be the order of the business day for the EU to the UK come January, deal or no deal.
13/11/2022 Sir Keir Starmer. "Brexit is safe in my hands, Let me be really clear about Brexit. There is no case for going back into the EU and no case for going into the single market or customs union. Freedom of movement is over"
You know, on the continent, we are actually able to do business after 3pm. Which is when NYC wakes up. It's really no difference if we talk to a US company or a UK based company. I know, crazy, right? Not that it matters, since despite what you keep fantasizing, the EU doesn't go to London to loan money. You seem to have a problem differentiating private hedge funds and public budgets. They are not the same. You should research your shit a little more, my man. This is embarassing.
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Reaffirming London's dominance over EU financial services a report reveals:- EY's Brexit tracker for July-December 2019 found that only one additional company of the 222 being monitored in the sector announced it was to establish a new office in the EU
How many EU firms have chosen to come the other way do you think eurochums? 1441 is the right answer. Great Brexit inward investment news for London wouldn't you say?
EU banks now seeking Brexit hubs in London
https://www.iconrelocation.com/news/...hubs-in-london
Shocking isn't it that brexiteers were right all along when we said that they need us, by 1441 to 1, more than we need them?
13/11/2022 Sir Keir Starmer. "Brexit is safe in my hands, Let me be really clear about Brexit. There is no case for going back into the EU and no case for going into the single market or customs union. Freedom of movement is over"
aye but the hate for London and the south is like 954 years old now. and tbh nowadays i guess its not really at the people more just at the bias and favouritism London's had for century's.
and as much as i recognise that, i probably still wouldn't be all that upset if London sank into the sea one day.
this global warming map is the reason im not that bothered by global warming
At some point were probly gonna have to accept were to late to stop global warming now and need to think of managing and adapting to it.
And looking at that map most of the places sunk could probly do with a few millennia under water getting a deep clean
Sucks for Denmark though, or should I say the future Island of Denmark
Depends on exactly how you define Denmark, as there is also Greenland - currently sort of part of Denmark, and huge.
Currently the name "greenland" is as accurate as the marketing before brexit-vote and covered by ice.
But if that ice melts Greenland would be a nice island, and that is when the sea level just has risen ten meters or so.
However, that is hundreds or years away at the moment, and to get to 80 m also Antartica has to melt - which will take longer.
I don't know how that will influence future fishing negotiations :-)
How many of the ones that this firm do not monitor left? Because if only one firm has left London, causing 7500 employees and 1.5 trillion dollars to be moved from the City to the EU, then that must have been one hell of a company that moved.
Also, I see that you are ignoring the fact that your data is a year old by this point.
Last edited by Butler to Baby Sloths; 2020-10-07 at 06:27 PM.
13/11/2022 Sir Keir Starmer. "Brexit is safe in my hands, Let me be really clear about Brexit. There is no case for going back into the EU and no case for going into the single market or customs union. Freedom of movement is over"