I don't know why you don't think they wouldn't try and take advantage of the situation and try to attempt over industries into their countries. The EU are clearly scaremongering to an extent but equally the Brexit camp are really underselling the consequences too. They won't be able to meet their promises of these wonderful free trade agreements on our own terms.
The only good thing is that if we do vote to leave then it will likely be the Brexiters taking hold of the Tory party and therefore tasking with delivering this vision of Utopian, free-wheeling, Britain.
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Originally Posted by Chris
And if France is such a great place for financial services, why aren't they all there already? The Eurozone's financial centre is supposed to be Frankfurt anyway, so in the unlikely event of them all decamping and moving to the continent, I doubt very much whether they're going to set up shop in sclerotic, over-regulated Paris.
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Because they don't need to be there.
https://next.ft.com/content/e90885d8...b-8564e7528e54
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But it is relatively straightforward to identify industry sector that have prospered at least in part because of access to the EU single market. The City has built on its traditional strength in foreign currency trading to become the biggest centre for trading the euro. Global investment banks have in tandem boosted their operations in London. Insurance, another longstanding speciality, has also thrived, with many insurers using London as their base for the EU as a whole. New markets have opened up: the UK manages €1tn of net assets in cross-border funds, or Ucits — double the figure of five or six years ago.
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The single market lets us sell and trade across the EU without any hassle. If it becomes easier for them to do this in Frankfurt then part, not all, of the these business will go there.