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3.15% in a single day while it triggered a massive destruction of European stock markets. The pound arrived to 1.33$, it was never at that level since 1985. 200
by tigershark 10y ago
3.15% in a single day while it triggered a massive destruction of European stock markets.
The pound arrived to 1.33$, it was never at that level since 1985.
2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt.
Pretty much all the other banks are following the same plans.
The financial services sector contributes for around 11% of the whole government tax income.
Car industry is heading in the same direction.
Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path.
The damage to the uk and global economy will be huge, comparable to the 2008 crisis if not even worse.
If someone doesn't get it I have all the rights of calling him narrow minded.
- UVB-76 10y ago> 2000 people are being relocated from Morgan Stankey to Dublin or Frankfurt. Sensationalist nonsense. Banks are considering long-term options for the worst case scenario if the UK leaves the single market. That is unlikely to happen. > Even worse the uk won't secure any trade deal with Europe because the will want to discourage other nations to follow the same path. The EU needs free trade with the UK more than UK needs it with the EU. The EU cannot afford to freeze the UK out.