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THE BREXIT STAMPEDE BEGINS

By Pete Moore On January 20th, 2020

We were warned about this. I, for one, hold Brexiteers totally responsible.

10 Responses to “THE BREXIT STAMPEDE BEGINS”

  1. Ah that actually makes sense, and it will partially offset any job losses in the UK due to Brexit

    The UK is a large and advanced country. Any sizable company will want to do business there.

  2. From the linked Reuters article:
    “Consultants EY said on Monday that large UK-based firms had now implemented plans enabling them to continue operating in the EU after Brexit. It maintained its estimate that around 7,000 positions would be relocated from London to the continent and a further 2,400 jobs created and hired for locally at the new EU hubs.”

    The important thing is the net after relocations both ways.

  3. Pete knows that this is not new businesses setting up in the U.K. , it is simply continuing businesses having to set up individual offices in the U.K. to continue doing the exact same trade they could do while we were part of the EU. This is nothing more than added costs and doubled bureaucracy and yet Pete has to desperately spin it as a fake positive Brexit outcome.

  4. It maintained its estimate that around 7,000 positions would be relocated from London to the continent and a further 2,400 jobs created and hired for locally at the new EU hubs

    Winning!

    Pete trying to mislead with spin? Surley some mistake?

  5. Pete either hasn’t read this article, or he deliberately trying to mislead.

  6. i heard one of the horse trading positions EU are floating is
    EU agreee to have the city of london EU-aligned , and in exchange UK give up fishing rights

  7. The new offices and staff will help mitigate the loss of business going the other way as the current unfettered two-way direct access between Britain and the EU comes to an end in December following a Brexit transition period.

    I think that joshing aside, the above is his point, the same as that of the article.

    Brexit isn’t a one way street of lost jobs and lost opportunities.

    The economic power London loses significant jobs, but it gains some of those jobs back.

    London will remain a finance superpower.

    All the British can be proud of that.

  8. The economic power London loses significant jobs, but it gains some of those jobs back

    It’s the net total which is the signifcant factor Phantom. The article states that around 7,000 positions will be relocated from London to the continent and while it may gain a number of those jobs back it’s still a net loss.

    London will remain a finance superpower.

    Agreed, although its status could well be diminished to previous.

  9. But it was all going to be soooooo easy….

  10. Ouch!

    One in the eye for the American exceptionalists and the easiest, greatest trade deal in history Brexiteers. Two birds with one stone in fact.

    Going back to something Kurt heard previously:

    There certainly will be trade-offs, particularly at the end of the negotiations. The EU will be seeking concessions on fishery access and the UK will very probably be seeking concessions on financial services

    https://www.prospectmagazine.co.uk/economics-and-finance/brexit-talks-will-show-why-a-better-deal-for-uk-fisheries-is-not-on-the-menu