2016-10-13 Brexit and the banksters...

2016-10-13 Brexit and the banksters...
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First, they predicted immediate collapse of the UK economy following a Brexit "Yes" vote.  That did not happen. On the contrary, the vote was followed by record increase in UK economic growth and output.
Second, they threatened mass exodus from the City.  It is unlikely to happen either.  The City's legal status as a "Free City" above UK law, replete with "Freemen", is unlikely to be replicated anywhere in the continent....

Bankers' love of London complicates Brexit relocation plans

As Britain heads for the EU exit, financial firms intending to move London-based jobs to continental Europe face a costly choice: offer generous relocation and redundancy packages, or expect a flood of lawsuits from disgruntled staff.Employment lawyers say some worried City workers have already been in touch to clarify their rights if banks, asset managers and other businesses decide they need new homes in the euro zone for operations hit by Brexit uncertainty.
http://www.reuters.com/article/us-britain-eu-city-idUSKCN12B0G9