BANKS ANNOUNCE MOVES

Banks are now beginning to announce staff transfers into the EU (HERE). While this will not result in London losing its status as Europe's leading financial centre, it will weaken it and strengthen Frankfurt and Paris. Tax revenue from these highly paid jobs will go to exchequers in Europe and not to The Treasury. So, we will lose.

And while only a couple of banks have said they will mover operations so far, Goldman Sachs are considering moving 3000 jobs to Frankfurt  (HERE) and others are bound to follow. I wonder if brexiteers can see writing beginning to appear on the wall.

Update: Poland is trying to attract 30,000 jobs away from the UK after brexit (HERE).