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Re: Brexit Development(s) Discussion
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Quote from City A.M. More than 1000 banks, asset managers, payments firms and insurers from the European Union are planning to open offices in post-Brexit Britain so they can continue to serve UK clients.
The new offices would help financial firms counter the loss of business as unrestricted two-way access between the UK and EU comes to an end in December following a Brexit transition period.
Over 1,000 of these firms do not currently have an office in the UK, suggesting they intend to establish their first office after the UK’s departure from the EU on 31 January.
“These figures clearly show that many firms see the UK as Europe’s premier financial services hub,” said Michael Johnson, a consultant at Bovill.
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So much for loosing the City to Hamburg.
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Quote from ITV news: The IMF’s assessment of the UK prospects over next two year is relatively upbeat.
It predicts that growth will “stabilise” at 1.4% in 2020 and 1% in 2021, weak by UK historical standards but growth none-the-less and stronger growth than the IMF is predicting for Germany, France and Japan.
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UK powering away from the rotting EU corpse.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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