Even more Brexit joy.

https://www.bbc.co.uk/news/business-56017419#comments


The good news keeps on coming.

 

Maybe a benefit longer term in that.

Maybe the country and governments in charge will move focus to other industries rather than the london centric financial centre.

I wont hold my breath like

 

It's not like we weren't warned was it but Project Fear and all that.

 

It doesn't seem to be of much consequence in The City according to City am.

"But many believe that the lack of an equivalence deal could in fact help the City appeal to more global destinations, including Hong Kong and Singapore.
Barclays boss Jes Staley last week said that a more global outlook would do the City well.
Rosenblatt Securities market structure analyst Anish Puaar told the FT: “It’s symbolic in that London has lost its status as the home of EU share trading, but it has a chance to carve out its own niche on trading.

“Fund managers will be more concerned with availability of liquidity and the costs of placing a trade, rather than whether an order is executed in London or Amsterdam.”

 

Is that the ultra conservative backing pro libertarian pro non regulation pro uber capitalist City AM? Part owned by Blue Bull Ltd that has only one officer, of South African descent?

Its free paper for good reason. Amazed its still going to be honest.

And the same Barclays that have moved hundreds of billions of managed funds to EU based markets? And has moved several jobs by stealth to Luxembourg?

 

Probably right on both counts...but it doesn't make them wrong.

 

i’m afraid it does.