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The US would not allow their financial sector to migrate from NY to London. China is even more controlling than the US. London used to be the center of financ
by de_keyboard 4y ago
The US would not allow their financial sector to migrate from NY to London.
China is even more controlling than the US.
London used to be the center of finance in Europe and now the EU sees an opportunity to grab that revenue / power.
Where does this leave London?
And the UK as a whole is heavily dependent on London.
- mytailorisrich 4y agoThe UK is a major global financial centre and globally competitive. What it has lost, which is not that much, is due to EU regulations which mandate that some activities have to be in the EU. China is not relevant. You're not making a convincing point, IMHO.
- guitarbill 4y agoIs the UK really "a major global financial centre", or is it just London?
- blibble 4y ago> London used to be the center of finance in Europe I think you'll find it still is, by quite a long way > now the EU sees an opportunity to grab that revenue / power. the EU hasn't even managed to pry Euro clearing out of London (despite trying extremely hard)
- de_keyboard 4y agoThis is scheduled to leave in 2025.
- blibble 4y agoyes, after being pushed back at least 5 times and it'll be pushed back again