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Re: Post-Brexit Thread
Quote:
Originally Posted by 1andrew1
The trouble is in the absence of a plan from the British Government, companies will have to do what Lloyds of London is doing and set up operations within the EU at the cost of British jobs and taxes.
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tbf, it's initially a subsidiary office, to mitigate risk.
http://www.independent.co.uk/news/bu...-a7476566.html
Quote:
The group will put a proposal before members of the market by February, before the triggering of Article 50.
Mr Nelson, said that the market had decided it needed to act sooner rather than later to protect the 11 per cent of its revenues coming from Europe.
“Insurance is a mobile business,” he said. “In common with other financial institutions, we need to put our plans in place – at least on a precautionary basis,” he added.
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