Britain completed its exit from the EU at the end of 2020, but the last-minute free trade deal that replaced membership of the bloc did not include arrangements for free trade in financial services - the engine of Britain’s economy.
“If we’re really honest about it, the challenge to London as the global financial centre around the world will come from Tokyo, New York, and other areas, rather than from those European hubs, particularly if they start to erect barriers to trade and investment,” foreign minister Dominic Raab told the BBC.
Bees go for honey. As Honey has moved to EU so Bees will travel to EU, so City of London, financial centre, is poorer. We had Brexit, we now have to restructure our economy. In the short/mid term there will be pain, with the pandemic, obviously more painful. Just’ve to move on.
The tories down play everything then boom it all goes mental.
Sadiq Khan is trying to sell London out.. 10DowningStreet RishiSunak
It would wouldn’t it?
Like COVID in the US, the threat of unsound ultra-nationalist policies in the UK will disappear like a miracle... or they will utterly devastate the economy and the destroy the lives of millions of British citizens. When will people learn that conservatives are playing them?
Poaching?🤔😱 Britain (Ungland) were stupid enough to vote for leaving the enormous market on their doorstep (against the wishes of the majority of Scots) and can have no grievance concerning companies relocating. For Reuters to insinuate that the EU would 'poach' is nonsense
This is capitalism. Business will go where its easiest to trade and most profitable
Poaching? They have taken over business lost as a result of a half-baked 'oven ready' Brexit. ...
its already happening
Why poaching? Business is business.