Re: London-centric. Perks for bankers
Yes, the City will be desolate after all those hundreds (possibly thousands if you believe the Daily Fail) of jobs move abroad to set up brass plate branches which give the parent company the exact same passporting rights as they have currently from the UK. Actually, most major banks already have branches in at least one European country which they can use, so its just a little shuffling of the cards and all is well. The financial centres of the world are London and New York, and that will remain the case for a long time to come because the supporting industries and regulatory environment to make it otherwise is a long time in the making.
Biting the hand that feeds IT
