Quote:
Originally Posted by Osem
They'd only do that if the other additional restrictions they'd be subject to in the Eurozone were going to have less of an impact on their business and profits. Given the EU talk about restricting and taxing banks plus the onerous employment rules they're not going to be heading east any time soon.
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Whether they travel east, west, north or south, we can't afford to lose them. As people keep saying, Europe isn't the only continent with countries in. Thanks to the worldwide comms networks, Banks don't necessarily need to have physical facilities where they trade, but they do need to have physical facilities in countries where they can get an adequate supply of capable staff. Remember, banks don't only need bankers.. They need staff from all different financial backgrounds. They also need top notch technical staff.
This is actually the problem a lot of tech startups are expecting. Britain is not producing enough people that are in the various computer fields. That problem is, IMO, mostly caused by a lack of adequate funding for university and college courses from the government.