[Ignitionnet]

The Hong Kong Shanghai Banking Corporation only moved to the UK after its acquisition of Midland in 1993 and periodically reconsiders where it is domiciled. It informed after its most recent review in 2010 that it would review again this year.

Not ideal losing them but would perhaps focus minds on diversifying the UK economy away from financial services somewhat and changing London's image as a centre of money laundering, tax avoidance and a financial cesspit where the unscrupulous can execute the dodgy deals they couldn't in the US for fear of being prosecuted both at a company and personal level, or Hong Kong for fear of worse still.

Worth taking a minute to look at positives as well as negatives. No-one wants to lose HSBC but politicians of all colours consistently whore themselves out to the financial services industry because they like spending the tax revenues and crowing about the GDP figures. This must stop. Kissing banker backside has and continues to have some quite severe effects for the wider economy and society.