waauw wrote:mrswdk wrote:Marcon was initially hawkish because he thought Paris might be able to take advantage of Brexit to lure bank staff away from the City of London. Now that he's realized none of the bankers are actually interested in moving to Paris, he's since softened his stance and spoken of the UK one day rejoining the EU.
Status: neutralized.
I see you still believe in old british folklore. I'm sorry, but I'm afraid that the british empire's gone. The banks are already preparing to move abroad and Dover is already trembling for all the immigrants that will arrive when agreements are thrown out.
Banks in London are planning to move about
9,000 jobs to the continent after Brexit. 9,000 might sound like a lot to the head of one of Europe's agrarian pre-industrial economies, but the UK's financial sector employs
1.1 million people. 9,000 is barely even a drip from the faucet.
Plus, those 9,000 jobs will probably be the dreary positions that big banks stuff their most unimaginative drones in, given that any employee worth anything shudders at the mere thought of having to live on the continent:
But while U.S. businesses are listening to the European cities’ sales pitches, most are more interested in staying in London, partly because moving staff is an expensive process.
Aside from the relocation cost, however, some bankers grimace when they talk about the prospect of moving to Europe and rattle off complaints about the City’s suitors: Dublin lacks good primary schools. Paris has stringent labor regulations and taxes. And Frankfurt? Too small and boring.
https://www.politico.eu/article/brexit- ... e-to-flee/