Bankers threaten early exodus, while PM May tries to head off a constitutional crisis
Banks will start moving operations out of the U.K. late this year and early next as they anticipate a hard Brexit. That's according to Anthony Browne, chief executive officer of the banking lobby group BBA, writing in the Observer newspaper on Sunday.
International banks’ “hands are quivering over the relocate button,” he wrote. “Many smaller banks plan to start relocations before Christmas; bigger banks are expected to start in the first quarter of next year.”
Without identifying any banks by name, he said lenders can’t wait until the last minute and have to “plan for the worst,” especially because “public and political debate at the moment is taking us in the wrong direction.”
Handily, some real estate companies are already finding them new digs. A property company managed by Schroders Plc is bidding for an office building in Frankfurt, joining CBRE Global Investors LLC and Standard Life Plc, which are seeking to purchase office space in cities from Dublin to Amsterdam.
Monday, October 24, 2016
Tuesday, September 23, 2014
By JOHN F. BURNSSEPT. 21, 2014
The New York Times
AUCHTERARDER, Scotland — With one struggle concluded and another set to begin, this ancient slate-gray town in the russet-leaved approaches to the Scottish Highlands has been busy in recent days, swapping the political passions of last week for the breezier enthusiasms involved in preparing for what many local residents regard as the greatest sporting event ever to be staged in Scotland.
Thursday, September 18, 2014
Referendum Will Determine Whether
Splits From the U.K.
The Wall Street Journal
By JASON DOUGLAS, JENNY GROSS and CASSIE WERBER
Updated Sept. 18, 2014 5:40 a.m. ET
Wednesday, September 17, 2014
BY ALASTAIR JAMIESON
Britain is under 72 hours away from a
once-in-a-lifetime vote on Scottish independence that could break up the
307-year-old United Kingdom,
splitting apart one of ’s
key global allies. With polls suggesting that a Scottish split from the rest of
America Britain is a real
possibility, lawmakers including Prime Minister David Cameron are making urgent
appeals to save Britain its
biggest constitutional upheaval since the Wars of Independence that led to the
creation of the . United
What will be voted on?
BY GERTRUDE CHAVEZ-DREYFUSS
becomes separate from the ,
it will most likely become a member of the EU. When it does, it will realise it
cannot be 'independent, ever, because many aspects of life (political and
economic) will be dictated by UK ,"
said SLJ's Jen… Brussels