Of course that won’t happen and England needs to accept that it is now going to become irrelevant - there’s no benefit to having business in Britain beyond access to just the market. Finance companies are already leaving, and vehicle manufacturing is probably not too far off either.
This sounds totally untrue, and the reverse is actually accurate. Banks are doubling down on London.
Goldman Sachs just built a new 1 billion pound office while Morgan Stanley is searching for a new office -- in London.
Even Deutsche Bank has committed to a new London office in 2023.
That's just the legacy finance companies, there's also Transferwise and other startups who aren't leaving.
Traditional tech companies are also doubling down on London. Google just built a giant new London office. LinkedIn is building a new London HQ. Netflix is also building a new London office.
It isn't surprising considering the talent available in London as compared to EU countries. Salaries continue to be substantially better in London for tech and finance workers.
It's not clear from either statement whether Brexit was net positive for the finance industry, or the UK as a whole.
It'll take more time and analysis than plucking random statements to determine the net effect of Brexit.
https://www.bloomberg.com/news/articles/2021-01-15/brexit-is...
https://www.bloomberg.com/news/articles/2021-01-18/london-fi...
The other aspect you’ve failed to notice is that many companies are eschewing offices now. They’ve proven they can work without them; Docker, for example, is now going fully remote.
To be honest, the above comment is exactly why Brexit happened: a refusal to see the bleeding obvious while chest-thumping and saying “we are the greatest”.
It’s why trade is basically avoiding the UK and new sea routes have opened up between Ireland And Europe — because the UK has made trade inefficient. No amount of chest thumping is going to change that dynamic, and England will be poorer because of it.
Reality doesn’t care about Brexit ideology.
Your sources are all conjecture.
>“I would expect that 3,000 to 4,000 more investment bankers, especially industry-focused specialists and debt and equity issuance advisers, will have to leave London and come back to Europe,” said Andreas Halin, founder of Global Mind Executive Search Consultants GmbH
Oh, so it's analyst conjecture and not an actual source. Goldman Sachs themselves have committed to the city -- with a billion dollars in office space alone.
>London Finance Job Openings Fell 49% in 2020 on Brexit, Covid
Huge leap to blame this on Brexit given the virus conditions. In actual reality, looking at real headcount numbers from the Financial Times, almost nothing has happened (some firms have expanded). [1]
[1] https://www.ft.com/__origami/service/image/v2/images/raw/htt...