Financial sector

[AtW]

If they do lose passporting rights it means the loss of tens of thousands of jobs in the City. Pricewaterhouse predict between 70,000 and 100,000 jobs over the long term.

Brexit: Loss of passporting rights could halve UK exports - Investment Europe

I suspect however the UK will cave in and make a deal.

The UK won't be leaving the EU, it can't, the only difference is we'll be observers as Cameron says "with our faces pressed against the glass"

UK will agree to buy EU wide license at a bargain price of 350 mln GBP per week (probably more since GBP tanked)

[bobspud]

Oh yes I can see what's happening:

U.K. Hobbled by Imbalances Takes Another Kicking From Brexit - Bloomberg

Yes but what do you think has been hobbling us? The government wanted to remove VAT from a government contract that I was working on as it was a pointless exercise and the EU told them that it constituted Government subsidy... Seriously Its not going to take long for us to see an uptick on this...

[bobspud]

UK will agree to buy EU wide license at a bargain price of 350 mln GBP per week (probably more since GBP tanked)

I can assure you we won't...

[scooterscot]

I can assure you we won't...

That's no. 2. Denial,

[NotAllThere]

UK will agree to buy EU wide license at a bargain price of 350 mln GBP per week (probably more since GBP tanked) + Freedom of Movement

FTFY

[jamesbrown]

Being the financial capital of Europe, you'd think it would be a problem for EU financial services companies to not have access to London. Just sayin'

Anyway, worst case scenario, UK banks will need branch offices. Increased costs, so they will need to redirect some of their slush funds. Boo hoo.

[AtW]

Being the financial capital of Europe, you'd think it would be a problem for EU financial services companies to not have access to London. Just sayin'

Anyway, worst case scenario, UK banks will need branch offices. Increased costs, so they will need to redirect some of their slush funds. Boo hoo.

The capital will move to Frankfurt(sp?)

[bobspud]

The capital will move to Frankfurt(sp?)

As mentioned in a different thread. The EU wanted that to happen for years. But they are still here. One might wonder where all that experience would suddenly appear from...

[AtW]

As mentioned in a different thread. The EU wanted that to happen for years. But they are still here. One might wonder where all that experience would suddenly appear from...

It's still because UK was in EU, now move is a no brainer - nobody needs £ that much, world trade is €$¥

[bobspud]

It's still because UK was in EU, now move is a no brainer - nobody needs £ that much, world trade is €$¥

It always was in those currencies. You will find there are more subtle advantages to being here. Rather like the Swiss.

So far we have been vocal about tax avoidance and some of the tricks. But it won't take much to make us a tax refuge just off the coast of the eu...