Re: Barclays Bank moves
Hi
Loads of banks will be moving staff, not the retail operations, but the commercial stuff.
Most of the banks are not UK owned and are are not household names either
They will have to move when we leave, May is going for a Hard Brexit.
Also setting up operations in the EU are insurers, LLoyds of London etc.
Services, not just Banking, are not covered by WTO Rules and what it means is that they will no longer be paying tax here in the UK, but in the EU.
London is the biggest centre for Euro trading, that cannot continue after Brexit, it would be like moving £ Sterling trading to Paris.
It is going to be a big hit in terms of taxation, how big we do not know.