Monday, 27 June 2016

Other banks now planning to exit the City

The Financial Times is reporting (HERE) that some major American banks are already starting to take action  to move jobs out of London and into the EU.

“We’ll get on with it,” said a senior executive at one large US bank. “We’ve started to think about how we put people in our existing offices and entities in Europe. We are already rebalancing our footprint.”

Vote Leave dismissed all this talk before the referendum as scaremongering.  It doesn't look as if is was scary enough give that it is happening almost within 48 hours of the vote.  It turns out the Remain side was right and Boris was wrong, as he has been on so many other things.

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