On Mon, 12 Feb 2018 08:11:05 -0000, "tim..."
wrote:



"dennis@home" wrote in message
...
On 11/02/2018 19:25, tim... wrote:

The 80% that isn't, will always stay here no matter how hard the
Europeans try to steal it. It would cost billion to move it for zero
benefit..

But to do stuff in the EU requires a financial passport and banks are
moving business to other EU countries to keep that passport.

Yes, a very very very small amount of their business, not the complete
business.

They will be taking business with them, like all the EU business and may
well take other stuff.

No, they won't be taking the other stuff. The bits that will have to move
are too small a part of the whole for it to be cost effective for it to
encourage them to take everything.

Instead, what will happen, is that the costs of using the bits that have
moved will go up, for the people who have to use them.

They idea that the EU can leverage up forcing a part of the City's Business
to move, to grab the whole lot is an idea from wonderland.

This is a loss to the UK and means less tax revenue and less jobs and less
exports to pay for imports.

I'm perfectly capable of working that out for myself thank you very much

The point is that it will only be a small percentage of the total number of
jobs/income. Not the whole lot as some claim.

Its quite simple, even brexiteers should be able to understand it.

I do

It's the Remoaners who don't understand that the harm will be small.

tim


Remember the scaremongering when the Bank of Scotland was in line for
a relocation of head office to London after the Scots referendum?

Doom, Gloom and the end of civilisation in the UK.

No wonder the Brexiters didn't pay too much heed to the threats
associated with the EU referendum.

AB