EU referendum, brexit and the aftermath

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christianSpaceman in reply to @aggi

I don't think the free movement of people/bankers is the issue with the City's objections. I think it's the passport / access to European markets.

The barrier to banks / finance companies moving stuff to other countries if necessary seems very low, and they can do it very fast. Like any international company, I don't think they'll feel particularly loyal to the UK if they can get a better deal elsewhere..

edit: it's not even a matter of loyalty, they won't be able to function properly from the uk...

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aggi in reply to @christianSpaceman

That's what I mean, the current suggestions are that in order to to be granted passporting rights, we'd have to agree to free movement of labour.

That's going to be a hard sell to the general public though.

Dublin, Paris and Frankfurt have already started courting the banks/finance companies.

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christianSpaceman in reply to @aggi

That's what I mean, the current suggestions are that in order to to be granted passporting rights, we'd have to agree to free movement of labour.

Aah yes, sorry, I misread - like we'd have to specifically agree to bankers being able to move around :)

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