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So Do The S N P And Labour Rebels Want No Deal?
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Ian Blackford describes the deal as a "disaster for Scotland" - would no deal be less of a disaster for Scotland? Tell you what mate it's the SNP that's the real disaster for Scotland. Ok ok I get it they are having a tantrum because they are leaving the EUSSR "against their will" so they are protesting, it makes slightly more sense than the Labour lot who are voting against. Completely radio the lot of them!
Ian Blackford describes the deal as a "disaster for Scotland" - would no deal be less of a disaster for Scotland? Tell you what mate it's the SNP that's the real disaster for Scotland. Ok ok I get it they are having a tantrum because they are leaving the EUSSR "against their will" so they are protesting, it makes slightly more sense than the Labour lot who are voting against. Completely radio the lot of them!
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The City of London is in its death throes, a process which started long before Brexit, due to the diminishing need to be physically present in an office. Brexit has accelerated this process but it is the current pandemic which will tip it over the edge, if it hasn't done so already. Businesses with office space in the City who continue to trade if not thrive with their workforce largely home-based will surely question the need to *** their profits away in business rent once the pandemic is under control.
Good article here: https:/
Good article here: https:/
jimF: "The City of London is in its death throes," - well what you mean is, actually going into the office is in it's death throws and that's not peculiar to the city of London. I work in one of the worlds largest banks and locations are as you say becoming increasingly irrelevant. However the location of registration for custodians and nominees is still relevant. The location of the actual staff and data are more or less irrelevant. One thing the pandemic has demonstrated to the financial institutions is that they don't need to maintain massive real estate for offices any more so expect to see city office block ghost towns all over the world. We have already mothballed 2 thirds of one large site and entirely another, the London office will save us a fortune. Ultimately the vacated premises will become residential for the most part but in the interim there'll be a lot of cheap office space about.
I wouldn't mind if the rotten lot voted against it and we left without any "deal". I half hoped that Hungary would block the grudging agreement their end, but I would settle for the Welsh and Scottish Nats., the marxist and the downright disaffected scuppering what took 4 years but could have been done in 2 minutes with just 2 fingers.
Khandro,
You might want to keep this link for posterity too...
https:/
// Boris Johnson has already said in an interview with the Sunday Telegraph that, when it comes to financial services, the treaty “perhaps does not go as far as we would like.”
“The dangerous bit is that you are seeing people moving assets, moving trading books to other locations,” Howard Davies, chairman of NatWest Group Plc, said in a Bloomberg Television interview this month. “The risk is that as that happens, then the staff follow over time.”
Still, even the most optimistic financiers concede that the status quo, with London as the financial hub for an entire continent, is unlikely to hold. //
You might want to keep this link for posterity too...
https:/
// Boris Johnson has already said in an interview with the Sunday Telegraph that, when it comes to financial services, the treaty “perhaps does not go as far as we would like.”
“The dangerous bit is that you are seeing people moving assets, moving trading books to other locations,” Howard Davies, chairman of NatWest Group Plc, said in a Bloomberg Television interview this month. “The risk is that as that happens, then the staff follow over time.”
Still, even the most optimistic financiers concede that the status quo, with London as the financial hub for an entire continent, is unlikely to hold. //
Funny old world ... all the usual suspects who hate the "City" and all that it stands for(except the tax revenue that pays for their largesse) are now scweeming that it is going to dieee. Bless. Wouldn't bother me if they filled Canary Wharf with illegal immigrants and left them to it. It would serve the Londoners right for letting their City become a cess pit and serve as a warning to all the others. It may already be too late for some.
sunk: I wouldn't take much notice of the European head of financial services, "deciding where the financial hub will be" it isn't something that can be "decided" - it happens, & as things stand London is 2nd in the WORLD after NY. Brussels is a lonnnng way down that list;
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