DOOM: The City

[AtW]

“Bank of England steps in to stop rush of bankers relocating to EU

There are concerns that the ECB is making demands on banks that go beyond what was agreed for financial stability

The Bank of England is urging lenders to ask for approval before moving more bankers from London to the EU due to Brexit on fears that European regulators are demanding more people move than necessary.

Sources told the Financial Times that Bank of England officials are concerned after hearing of several requests from the European Central Bank that they consider excessive and beyond what is required for financial stability.

The people said the fear was that the EU is going beyond what was agreed - that banks must not just set up small 'brass-plate' outposts in EU hubs with no senior staff. There are also concerns that asking more business to move could undermine London operations. “

https://www.telegraph.co.uk/business...relocating-eu/

[Andy2]

This was to be expected post brexit. Maybe set the corp tax to 10% and give a bloody nose to EU.
Attract their millionaires with tax breaks.

[vetran]

This was to be expected post brexit. Maybe set the corp tax to 10% and give a bloody nose to EU.
Attract their millionaires with tax breaks.

oh we can't do that we musn't upset the EU.