Re:Berlin is now in a position to usurp London as the startu...
by TheOtherHobbes on Monday June 27, 2016 @12:15PM
(#11987148)
It's not clear that anyone knows what will happen.
Historically the EU plays hardball with dissenters. The leavers are gambling that our trading relationships are essential to the EU - but unfortunately they really aren't. So it's unwise to expect anything too conciliatory from Brussels.
What is clear is that if the UK does leave it will have spent the last forty years building up the City as the key European/World financial center, and then thrown away that advantage through the actions of a small clique of overly ambitious and utterly dishonest politicians.
And if you take away the City, no one in power has any idea at all how to build a 21st century economy - never mind a 20th century economy, or even a 19th century economy.
While the rest of Europe will be developing new startups, England will be playing with its union jack and wondering if maybe it should build a big navy again.
Historically the EU plays hardball with dissenters. The leavers are gambling that our trading relationships are essential to the EU - but unfortunately they really aren't. So it's unwise to expect anything too conciliatory from Brussels.
What is clear is that if the UK does leave it will have spent the last forty years building up the City as the key European/World financial center, and then thrown away that advantage through the actions of a small clique of overly ambitious and utterly dishonest politicians.
And if you take away the City, no one in power has any idea at all how to build a 21st century economy - never mind a 20th century economy, or even a 19th century economy.
While the rest of Europe will be developing new startups, England will be playing with its union jack and wondering if maybe it should build a big navy again.