London no longer most important financial hub due to brexit

[Eirikur]

But hey Project fear, **** bankers etc
London overtaken by New York as 'world's pre-eminent financial hub' | Business Leader News

[Zigenare]

But hey Project fear, **** bankers etc
London overtaken by New York as 'world's pre-eminent financial hub' | Business Leader News

Something tells me you didn't read the article.

London’s long-term status as the world’s pre-eminent financial hub has been lost amid the past three years of Brexit uncertainty, a new report has found.

The UK capital has long been regarded as the foremost global financial hub, but has fallen substantially over the past two years and been overtaken by New York.

The latest Global Regulatory Outlook (GRO) report, released by global advisor Duff & Phelps, surveyed senior financial professionals from around the world, and showed confidence in London as the world’s leading financial hub had fallen sharply.

The survey found that only 33% currently see London as the foremost global financial hub, falling more than 20% over the last two years.

Meanwhile, New York gained momentum this year, with the majority of respondents (56%) now regarding it as the world’s most important financial centre, a 33% increase over the last two years.

Even with trade talks between the EU and UK underway, the survey suggests a significant lack of optimism.

And when asked where the world’s most powerful financial hub will be in five years, respondents see both London and New York losing ground. While the decline for New York is relatively modest, with half (50%) still expecting it to be the leader, confidence in the UK’s future is far weaker. Just 22% predict London will still be the major financial centre in five years’ time.

However, very few respondents see any European city taking the lead as pre-eminent financial hub in five years.

So, the article blames Brexit uncertainty, brought upon us by delay after delay.

Never mind, soon be Friday

[WTFH]

So, the article blames Brexit uncertainty, brought upon us by delay after delay.

And who is to blame for the delay is it:
1. The Tory Party
2. The UK Brexit negotiators
3. The Vote Leave group
4. Quick need to blame someone else for the decision that was made.

[Whorty]

Something tells me you didn't read the article.




So, the article blames Brexit uncertainty, brought upon us by delay after delay.

Never mind, soon be Friday

Ha ha, nicely spun. You're talking bollox, but you believe what you want to believe big fella

[Zigenare]

Ha ha, nicely spun. You're talking bollox, but you believe what you want to believe big fella

Never mind, soon be Friday

[NotAllThere]

The financial sector is already borked by IR35 mark 2.

[LondonManc]

The financial sector is already borked by IR35 mark 2.

Not true. There's a lot of overpaid permies on the wharf and in the city. Clearing those out would increase the ability to execute.

[GigiBronz]

Financial Services would love brexit. Even though they say they don't like it.
They are the actual reason UK wants trade deals with countries outside of EU, for goods better terms than now it is difficult to find.
But for services... it is a different question.
Also the transparency legislation that was supposed to come into effect. Big nono.
Too bad the rest of the country will fall even deeper into poverty.

[BrilloPad]

Not true. There's a lot of overpaid permies on the wharf and in the city. Clearing those out would increase the ability to execute.