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No, it has to do with the fact that when you have a smaller customer base and additional cost when running on razor-sharp margin, it doesn't make the cut. So ye
by greatpatton 7y ago
No, it has to do with the fact that when you have a smaller customer base and additional cost when running on razor-sharp margin, it doesn't make the cut. So yes it has to do with the Brexit as this is the reason for future additional cost, especially today when EU negotiator said that it will be very unlikely for the UK to get financial services equivalence. https://www.theguardian.com/politics/2020/feb/11/barnier-tells-uk-dont-kid-yourself-about-financial-services-deal https://www.theguardian.com/politics/2020/feb/11/barnier-tel...
- Zenst 7y agoThey started in the UK in October 2018 - more than two whole years after the UK voted to leave the EU. It's as if they never knew what the UK people voted for!
- greatpatton 7y agoAt that time it was not certain that Brexit would be equal to no deal (at least for finance services). Now that this is the most probable outcome they have to take action.
- imtringued 7y agoThey voted for increased political instability that is unfriendly to foreign business?