Nicely tucked away as a minor sub heading on the BBC news business page

....https://www.bbc.co.uk/news/business-56155531

If it had been the reverse situation, it would have been headlined all over the place. Many other news outlets have then again it doesn't fit the BBC anti Brexit agenda.

Amazes how some on here seem to believe the BBC is biased toward the current Government. I dare say some on here will spout about how it doesn't make up for all the losses but I am unclear about the scale of those since the 'mass exodus' forecast, like so many predictions of an apocalyptic long term collapse in the UK economy has failed to materialise. The pound is making steady gains albeit it has a bit more to do to reach the pre Brexit referendum levels although it is far higher than the period post 2008 collapse.
What vthe article DOES highlight though that London and the UK is still seen , in spite of attempts by the EU and the French in particular to rubbish it, as one of the main Financial hubs in the World by people outside the UK

 

It says continue operating though?

 

I'd like to think you are right, despite all the evidence.

I no longer see the BBC as a reliable source of news & these two paragraphs from the article sum up the vacuous nature of it's content:

"A Freedom of Information (FOI) request by the firm found that 1,500 money managers, payment firms and insurers have applied for permission to continue operating in the UK after Brexit.

Around two-thirds had no prior physical operations in Britain, it said."

i.e. Companies that DO WANT TO CONTINUE TRADING IN THE UK. By definition they will thus need a UK office, where they didn't before. Lots of others are just ******* it off.

 

How many of these are at the 'Nigerian Prince' end of the financial industry scale? Reduced regulations will mean more chancers having a go. Reduced workers and environmental protections will mean more opportunity to make a killing, as it were, but at what cost to the rest of us?

 

But to continue trading doesn't require them to be based in London?

 

Aha.... a needle I find in yonder haystack. Oh. nope... it's just more hay.

 

"Tekkytyke runs and hides under a table shouting 'but, but' whilst typing a 3 page essay"

 

So 1000 foreign firms set up a PO Box in a dodgy backstreet in order to reduce cross border admin costs; what exactly is the benefit to the U.K.?

 

Anyone else thought the financial consultancy was called Bovril at first?

 

Alexa? Will this fit on a bus??

'BREXIT - NEARLY AS GOOD AS WHAT WE HAD BEFORE'

 

Made up numbers alert:

Say that there are 100 Europe-wide financial companies, and 25% of them were based in London before Brexit. Also say that your basic financial company needs to employ 1 member of staff per 10m people they can possibly serve.

Pre-Brexit, that's only 25 firms, but they need to employ 1300 people here. Post-Brexit, all 100 of them need to set up an office, but altogether they'll be employing 700.

I haven't taken part in many of these threads recently, because the whole thing is now just making me really sad. Quite apart from the emotional issue or the impact on my personal future and plans, I've spent lockdown looking at my supply chains. I've always tried to bring in the best products I can to sell to my customers, and I had a shortlist of fantastic potential suppliers, but it's just no longer viable for me to bring in anything from the EU on a small scale.

When it comes down to brass tacks it's only a bit of wine, and this is irrelevant in the grand scheme of things, but there's so much really great stuff out there that I'm no longer going to be able to provide, and like I say it just gets me down. Maybe I'll recommend that anybody who's not happy with it retire to an idyllic life in an Italian hill town!

 

I think the reason people believe the BBC is pro Tory is that apart from anything else the political editor of the BBC broke election law to publish pro Tory propaganda during the voting period, that the BBC then refused to investigate the breach until after the election and that instead of holding an investigation, and in spite of the electoral commission warning them it could be a breach of the law, they simply released a short statement saying they don't believe her behaviour was illegal and brushed it under the carpet.

 

Er, isn't this EU firms exporting their services to the UK - where once we exported our services to Europe?

 

So that's 1 Brexit benefit then to set against the multitude of Brexit disasters. Well done Nigel Farrage.

 

I know in a bit thick but where in that freedom of information request does it say that 1000 companies are planning on setting up physical offices here for the first time?