Quote:
Originally Posted by jamiefrost
I think one of the biggest issues will be passporting of financial services within the EU, financial services are around 12% of GDP currently and without the ability to conduct these services the finance sector will take a massive hit.
http://www.bankofengland.co.uk/pra/P...g/default.aspx
It as possible to get these rights as per Switzerland but it won't be cheap even if the EU counties are of a mind to let us.
J |
And we won't even notice the hit. It wont be obvious, there won't be a mass exodus of banks, what there will be is when a bank opens a new office or department or replaces one it won't be here, it'll be in Dublin or frankfurt they'll move without anyone noticing. No one likes them anyway. It'll be like this Heathrow Gatwick saga whilst we mess about pandering to self interest skippol is quietly hoovering up large amounts of traffic