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Thanks for clarifying it in a way that's perhaps a little less hyperbolic than my "full on collapse." I think it's important to understand the passporting agre
by illumin8 10y ago
Thanks for clarifying it in a way that's perhaps a little less hyperbolic than my "full on collapse." I think it's important to understand the passporting agreements between banks in the UK that allowed them to essentially act as if they were banks in the EU created a ton of prosperity over the last several decades (2.1 million jobs in finance alone in the UK).
This industry is going to take a huge hit, and frankly, even if you don't work in finance, you should care because it will impact everyone in the country.