Profile image
By The Modern Survivalist
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Brexit: Leading Banks Set to Pull Out of UK Early Next Year

Sunday, October 23, 2016 15:25
% of readers think this story is Fact. Add your two cents.

City of London banks

The UK is the leading exporter of financial services across the world and the financial capital of the EU. The UK’s financial services trade surplus of $97 billion in 2015 and it employs 2.2 million people.

Of course most of this is true thanks to the so-called “passporting rights” for members of the single market which allows UK-based banks to offer financial services to companies and individuals across the EU unimpeded. This will no longer be the case when UK leaves the EU. Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas.

http://www.bbc.com/news/business-37743700

https://www.theguardian.com/politics/2016/oct/22/leading-banks-set-to-pull-out-of-brexit-uk 

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.



Source: http://www.themodernsurvivalist.com/archives/4875

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

Top Stories
Recent Stories
 

Featured

Loading...

Top Global

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.