Re:Microsoft to raise some UK prices by up to 22 percent ove...
by user5994461 on Monday October 24, 2016 @12:23PM
(#12780235)
Then I should replace "idiot" by much worse words.
Firm will not relocate magically. It's simply not possible to get rid of 1000 people and a big building in the blink of an eye.
That would require to hurt the economy and the companies very badly, bringing down hundreds of thousands of jobs and millions of people along. If the MP really hinted at that, it's no wonder that the pound took -10% right afterwards. :(
That was the PM's speech at the conservative party conference. It confirmed that the UK was going to go for Brexit(no free movement, no single market) not Brexit(free movement, single market), and therefore lots of firms will have to relocate large parts of their operations outside the UK. Especially in financial services.