London Banks and other financial companies are shifting more assets and jobs out of the United Kingdom as the country lurches towards Brexit.
Financial services companies in Britain have announced plans to move £1 trillion into the European Union, according to consultancy EY. That's up from an earlier estimate of £800 billion .Many banks have set up new offices in Germany, France, Ireland and other EU countries to safeguard their regional business after Brexit. That means they also have to move substantial assets there to satisfy EU regulators.
GaryLineker
Ah, the UK has a bunch of rubes too. Isn't that nice. Brexit was a great idea! 🤔
'You say that like it's a BAD thing.' - AOC
Globalism is not the answer.
Just sitting back watching the arrogant, British snobs go down w/their HMS Brexitanic ;-)lol
Jacob Rees-Smugg says there's nothing to worry about because he's got plenty of money in the bank.
Why worry...it is only an Island?
Is it really leaving because of the Syrian refugee invasion
Good, take the knife wielding jihadists with you
The UK will remain stronger without The European Union. I stand with Brexit.
Yeah, well, you know, the glorious history of the British Empire will provide Britons with jobs magically. Brexit has to be the example of national suicide ever.
🇪🇺🍆🇬🇧
DamiYakubu Huge
Looks like things arent good at CNN either... double digit drop in ratings Heres some real news... CNN ratings fall by double digits... congrats jim acosta... your a big part of this news..
Do people still read news from this network? 🤷🏻♂️
; imbalnce could be serious.
Small price to pay for the EU catastrophe.
No ransom to other countries setting policies! No deal means automatic freedom for the people of England. No to Globalist agenda over taxing the people. To Theresa May, quoting former U.S. AG Whitaker, 'Your 5 minutes are up.'
Great news, better for the whole world peace 😊 British style economy and politics can be identified with these emojies 😯😱😵👎
In less than ten years people will see this was the best thing that happened to Britain. Hopefully more European countries will do the same and tough out the EU stronghold for better more free days and economy.
London was the financial capital of Europe before the EU, and will be after Brexit. Those jobs and money will be back once the rules are known.
So,is the sky falling again? Like you said the economy would tank under Trump? You are fake news! You are an arm of the democrat party. You have zero credibility!
jeremycorbyn not a single job lost.
Russia wanted this to happen and the Brits are doing this to themselves. Stop Brexit and save the UK.
Maybe the great President Trump will secure those jobs here in the United States
The Crown has ~700 trillion in HSBC. Look up White Spiritual Boy Trust.
But at least the fishing community is happy!
You mean to tell me that isolation is not beneficial? No way....
fake news...do your own research people.