LONDON (Reuters) - The City of London must remain the top global
financial centre after Brexit to avoid its financial services drifting
to other parts of the world, Luxembourg Finance Minister Pierre Gramegna
said on Monday.

http://uk.reuters.com/article/uk-bri...-idUKKBN1CS2M5
--
Bod

On 24-Oct-17 4:46 AM, Bod wrote:
LONDON (Reuters) - The City of London must remain the top global
financial centre after Brexit to avoid its financial services drifting
to other parts of the world, Luxembourg Finance Minister Pierre Gramegna
said on Monday.

http://uk.reuters.com/article/uk-bri...-idUKKBN1CS2M5

If the business moves to Frankfurt or Paris, it will still be in Europe,
which seems to be his main concern.


--
--

Colin Bignell

On 24/10/2017 17:00, Nightjar wrote:
On 24-Oct-17 4:46 AM, Bod wrote:
LONDON (Reuters) - The City of London must remain the top global
financial centre after Brexit to avoid its financial services drifting
to other parts of the world, Luxembourg Finance Minister Pierre
Gramegna said on Monday.

http://uk.reuters.com/article/uk-bri...-idUKKBN1CS2M5


If the business moves to Frankfurt or Paris, it will still be in Europe,
which seems to be his main concern.


The thing is, that London has got it all sussed out and set up and
running smoothly.

Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.

--
Bod

On 24-Oct-17 5:19 PM, Bod wrote:
On 24/10/2017 17:00, Nightjar wrote:
On 24-Oct-17 4:46 AM, Bod wrote:
LONDON (Reuters) - The City of London must remain the top global
financial centre after Brexit to avoid its financial services
drifting to other parts of the world, Luxembourg Finance Minister
Pierre Gramegna said on Monday.

http://uk.reuters.com/article/uk-bri...-idUKKBN1CS2M5



If the business moves to Frankfurt or Paris, it will still be in
Europe, which seems to be his main concern.


The thing is, that London has got it all sussed out and set up and
running smoothly.

Frankfurt has been at it almost as long as London and are just as
capable of handling the business.

Â*Imagine how long it will take to move companies and to set up the
infrastructure somewhere else,

Plenty of time to do that before Brexit, especially as some moves have
already started.

not to mention the problem of probably
many employees not wanting to relocate etc.

Many will be going home. Many will follow the money. The rest may be
able to find jobs in what is left of the London market.



--
--

Colin Bignell

On 2017-10-24, Bod wrote:

Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

If the business moves to Frankfurt or Paris, it will still be in
Europe, which seems to be his main concern.


The thing is, that London has got it all sussed out and set up and
running smoothly.

Frankfurt has been at it almost as long as London and are just as
capable of handling the business.

Â*Â*Imagine how long it will take to move companies and to set up the
infrastructure somewhere else,

Plenty of time to do that before Brexit, especially as some moves have
already started.

not to mention the problem of probably many employees not wanting to
relocate etc.

Many will be going home. Many will follow the money. The rest may be
able to find jobs in what is left of the London market.



Big finance firms want to stay after Brexit, says Chief Minister

THERE is 'no great desire' within major financial firms €“ including
those in Jersey €“ to move their business to continental Europe, the
Chief Minister has said, as Brexit negotiations in the UK continue.

https://jerseyeveningpost.com/news/2...chhzVovkOA9.99

--
Bod

On 24/10/2017 18:06, Tim Woodall wrote:
On 2017-10-24, Bod wrote:

Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

THERE is 'no great desire' within major financial firms €“ including
those in Jersey €“ to move their business to continental Europe, the
Chief Minister has said, as Brexit negotiations in the UK continue.

https://jerseyeveningpost.com/news/2...chhzVovkOA9.99

--
Bod

On 24/10/2017 18:06, Tim Woodall wrote:
On 2017-10-24, Bod wrote:

Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

Michael Bloomberg - who hates Brexit - said today: "Whatever London and
the UK's relationship to the EU proves to be, London's language,
timezone, talent, infrastructure and culture all position it to grow as
a global capital for years to come".

Another nail in the Project Fear coffin, perhaps.


--
James Harris

On 24/10/2017 21:00, James Harris wrote:
On 24/10/2017 18:06, Tim Woodall wrote:
On 2017-10-24, Bod wrote:

Â*Â* Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

Michael Bloomberg - who hates Brexit - said today: "Whatever London and
the UK's relationship to the EU proves to be, London's language,
timezone, talent, infrastructure and culture all position it to grow as
a global capital for years to come".

Another nail in the Project Fear coffin, perhaps.


Definitely.

--
Bod

On 24-Oct-17 8:02 PM, Bod wrote:

If the business moves to Frankfurt or Paris, it will still be in
Europe, which seems to be his main concern.


The thing is, that London has got it all sussed out and set up and
running smoothly.

Frankfurt has been at it almost as long as London and are just as
capable of handling the business.

Â*Â*Imagine how long it will take to move companies and to set up the
infrastructure somewhere else,

Plenty of time to do that before Brexit, especially as some moves have
already started.

not to mention the problem of probably many employees not wanting to
relocate etc.

Many will be going home. Many will follow the money. The rest may be
able to find jobs in what is left of the London market.



Big finance firms want to stay after Brexit, says Chief Minister

THERE is 'no great desire' within major financial firms €“ including
those in Jersey €“ to move their business to continental Europe, the
Chief Minister has said, as Brexit negotiations in the UK continue.

https://jerseyeveningpost.com/news/2...chhzVovkOA9.99


The Channel Islands are not part of the EU, so I'm not surprised that
their Chief Minister doesn't see Brexit making a lot of difference to them.

However, it appears that most of the major investment banks *are*
planning to move operations out of London, mainly to Frankfurt:

http://blogs.lse.ac.uk/brexit/2017/0...s-will-follow/

--
--

Colin Bignell

On 24-Oct-17 9:00 PM, James Harris wrote:
On 24/10/2017 18:06, Tim Woodall wrote:
On 2017-10-24, Bod wrote:

Â*Â* Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

Michael Bloomberg - who hates Brexit - said today: "Whatever London and
the UK's relationship to the EU proves to be, London's language,
timezone, talent, infrastructure and culture all position it to grow as
a global capital for years to come"....

However, not necessarily a global capital that is still a major player
in the financial sector:

http://blogs.lse.ac.uk/brexit/2017/0...s-will-follow/


--
--

Colin Bignell

On 25/10/2017 11:16, Nightjar wrote:
On 24-Oct-17 9:00 PM, James Harris wrote:
On 24/10/2017 18:06, Tim Woodall wrote:
On 2017-10-24, Bod wrote:

Â*Â* Imagine how long it will take to move companies and to set up the
infrastructure somewhere else, not to mention the problem of probably
many employees not wanting to relocate etc.


That people don't want to leave London is the only thing keeping the UK
afloat at the moment. If the people in London wanted to go to Frankfurt
or Paris then I'm sure there would have been more movement by now.

Companies are moving the essential staff now. Over time London will
wither, but not die, as companies hire technologists etc where their
main offices are.

London has such a breadth and depth of talent that it will be hard for
companies to ignore it for a decade or two.

What isn't clear is whether the damage can be reversed or London is
destined to be just another capital city in the decades to come.

Michael Bloomberg - who hates Brexit - said today: "Whatever London and
the UK's relationship to the EU proves to be, London's language,
timezone, talent, infrastructure and culture all position it to grow as
a global capital for years to come"....

However, not necessarily a global capital that is still a major player
in the financial sector:

http://blogs.lse.ac.uk/brexit/2017/0...s-will-follow/

That's a blog - i.e. it's not authoritative. For some other examples try
a search for London in
http://pensites.com/politics/article-1155/Brexit-news after 23 June 2016.


--
James Harris