Up to 5,000 City jobs to go before Brexit day next March, says minister

[DimPrawn]

More precisely, that's a specific Brexit delusion.
The delusion that London is somehow special just because it is. And therefore will continue, regardless.
It's clear to me you've never worked in the square mile, otherwise you wouldn't be so deluded/ignorant/idiotic.
Why do you think London has been, till now, something special?
Serious question.

No idea, never worked in the City.

I guess it's attractive because it appears to have tough regulation whilst turning every blind eye to money laundering, insider trading and market rigging possible...

[AtW]

No idea, never was even invited for an interview in the City, despite my awesome VB6 skillz

FTFY

[DimPrawn]

FTFY

One day VB6 will return!

[AtW]

One day VB6 will return!

Only in a re-run...

[darmstadt]

We've discussed this before but these figures are a bit misleading as it doesn't state from which sector these 5,000 jobs will disappear. Now if they're your basic white collar workers then there will be more than 5,000 because of all the support staff, everyone from cleaners to sandwich makers to delivery drivers to estate agents. Everything needs to be taken into account and I believe that the people who provide these figures don't do that so the real figure would actually be much higher, it it's true....

[AtW]

Remember - Tory Scums' US backers would give them extra if the City is destroyed and money move to New York.

[Cirrus]

I guess it's attractive because it appears to have tough regulation whilst turning every blind eye to money laundering, insider trading and market rigging possible...

Almost certainly the post-Brexit vision is one of even richer support for criminal activity. However the City's wings will increasingly be clipped by the USA (HSBC was very close to being taken down over its massive criminality - it was only abject begging by the UK that let them off the hook with a few billion in fines and other penalties), and by the EU (newly freed from the dragging of the chains applied by the UK contingent).

[Bean]

Almost certainly the post-Brexit vision is one of even richer support for criminal activity. However the City's wings will increasingly be clipped by the USA (HSBC was very close to being taken down over its massive criminality - it was only abject begging by the UK that let them off the hook with a few billion in fines and other penalties), and by the EU (newly freed from the dragging of the chains applied by the UK contingent).

Except that unexplained wealth order on the wife of the convicted Azerbaijani banker, who has spent ~£16 million in Harrods...

If your hypothesis was true, she wouldn't have had to explain it, as 'the government' would want the taxes from sales in Harrods with no questions asked.

It's interesting that you think bankers will be able to get away with rigging etc. anything like before, given the methods and actors have been exposed and the remainder will have extra scrutiny on them to not do this sort of shenanigans.

By all means, I'm sure the 'offshore havens' will continue, but then, there's legitimate reasons for incorporating in differing regions, as well as nefarious.

[NotAllThere]

No idea, never worked in the City.

I guess it's attractive because it appears to have tough regulation whilst turning every blind eye to money laundering, insider trading and market rigging possible...

I also have never worked in the City, nor indeed any bank. But I've freely admitted living in a delusional world.

[Cirrus]

It's interesting that you think bankers will be able to get away with rigging etc. anything like before, given the methods and actors have been exposed and the remainder will have extra scrutiny on them to not do this sort of shenanigans.

I've worked in the City/Canary Wharf. More specifically I've worked in global financial crime including tax avoidance, money laundering and sanctions busting. However in truth I've learned a lot more from the telly. I don't know whether its because I'm old but it just seems to me the whole of the UK, the Financial Systems and the Entire World run on crime. It's just everywhere.