Mark the date, folks.
November 22, 2018 is the day Theresa May and the Tories ripped away London’s crown as the financial capital of the world.
The financial sector employs 3.5% of people but delivers 11% of the entire tax take.
Over 5,500 firms depend on financial passporting
November 22, 2018 is the day Theresa May and the Tories ripped away London’s crown as the financial capital of the world.
The financial sector employs 3.5% of people but delivers 11% of the entire tax take.
Over 5,500 firms depend on financial passporting
to do business in the EU27.
Today, it was made absolutely, categorically, unarguably clear that passporting is not going to be part of the future relationship after we Brexit, only much weaker “equivalence”.
That booming sound in the distance is business models imploding.
Today, it was made absolutely, categorically, unarguably clear that passporting is not going to be part of the future relationship after we Brexit, only much weaker “equivalence”.
That booming sound in the distance is business models imploding.
Every single firm that wants to keep doing EU27 business will have to:
A) Open a branch in a EU27 country
or
B) Move to the EU27
or
C) redomicile EU27 clients
or
C) Pass EU27 business via a EU27 partner
Surely won’t be long before the cranes start coming down all over London!
A) Open a branch in a EU27 country
or
B) Move to the EU27
or
C) redomicile EU27 clients
or
C) Pass EU27 business via a EU27 partner
Surely won’t be long before the cranes start coming down all over London!
