EU referendum, brexit and the aftermath

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christianSpaceman

This seems ludicrous:

http://www.bloomberg.com/news/articles/2016-10-03/may-said-to-downgrade-city-in-brexit-shock-for-financial-sector

I work in the City (programmer, not fat cat) so maybe I'm more worried than I should be, but isn't financial services the main thing that we do that other people want?

I'm not sure what's happening - they're not too worried about car manufacturers leaving, not about services leaving... Who are they going to protect?

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Velocio in reply to @christianSpaceman

isn't financial services the main thing that we do that other people want?

"The financial services industry of the United Kingdom ... employed around 1.2 million people in the third quarter of 2012 (around 4% of the British workforce).

The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government tax receipts."

You'd think employing 1.2m (more than the NHS employs) and accounting for +10% of tax receipts would be something the government want. But no, not in this age.

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aggi in reply to @Velocio

It's not a populist policy though, we're going to maintain free movement of workers so that the bankers can keep their jobs will go down like a lead balloon with the general public.

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