I think a number of UK financial services businesses are looking at expanding their EU presence to guard against a bad deal. In some instances that may mean reducing UK staff but not necessarily if the organisation is expanding overall and can redeploy UK staff if necessary (I can think of one company that's expanded its Irish business while still increasing UK business). But this is of concern:https://www.theguardian.com/politics/2020/feb/11/barnier-tells-uk-dont-kid-yourself-about-financial-services-dealFirstly, because it's amazing anyone in government is stupid enough to carry an important paper so that it can be photographed - that a well known risk as it's happened several times before. Secondly, knowing the way the EU works regarding regulatory equivalence it seems a rather naive approach. I know it's a starting point but given the limited time allowed for negotiations it seems time wasting game playing? (I know it's a Guardian article but I've no reason to believe the facts aren't correct.)
Michael Ixer ● 2464d