It wont really lose anything. UK can now start new "tax haven" initiatives (discouraged under EU) and companies will flock there better than before...
London didn't get its "preeminent spot in the world of finance" by entering the EU/EEC etc or because of it. It earned that spot by itself 100+ years before...
Not to mention EU is barely doing well itself...
Maybe the one asking had in mind some derelict tax haven islands in the caribbean or so? Not all tax havens are like that...
It has been a global hub for centuries.
This problem gets worse when the past becomes an argument for not taking the necessary steps to mitigate any potential change.
The modern successful UK is almost certainly a consequence of closer collaboration with the EU.
Almost none of the reasons the UK was successful before are true anymore.
Is it? Or just neoliberalism via Thacher making it more alluring to modern capitalism (succesful for society is another thing) and the same cheap credit flood in the 90s+ that happened across the West?
Reasoning doesn’t really come into it with brexit.
According to the EU. People who actually work in finance see it a bit differently.
Greater London residents voted overall ~60% to Remain, but you'd expect that traders live in the Eastern boroughs, and outside London, in Essex (both up to ~70% Leave).
Along with lots of business owners I know. All of them knew exactly what they are signing up for. The OP's message is precisely the problem with the argument from Remain. They didn't answer any question or worries they had with Brexiteers. ( Or they did but it wasn't really what they were looking for ) And the discourse then fell apart.
As the left once did, before it went in-bed with big finance and globalization...
Putin financed the campaign to sow chaos (just like w/ Trump). Murdock monetizes outrage (again, just like w/ Trump). Neoreactionaries such as the Mercers are against any power apart from their own. Boris and maybe the Tories have longed been anti EU, Brexit is just a bludgeon (wedge issue) for elections.
But I don't understand which stakeholders will actually materially benefit from Brexit.
Especially once Scotland leaves the UK and rejoins the EU on their own.
Two types:
- the spivs who felt harangued by all those reasonable EU rules, and are now free to again abuse the unwashed masses (like Farage selling scams on Youtube, or the gentlemen selling flammable cladding to builders). I knew a guy like this, holding dangerous chemicals in his garage and moving goods from China to Iran without ever entering the EU, to avoid any scrutiny of their debatable quality... Kind man but ethically challenged, so to speak.
- the oligarchs who couldn't bend Bruxelles' ears as well as they can make the weather in Westminster. Some of them are not even English, but London is their plaything.
Farage is currently popping up on YouTube with some financial malarkey (I hesitate to use the words grift or scam but it does look very much in that direction) that presumably wasn't viable before we left the EU.
They think with a simple wave of their plastic sovereignty wand, Britain will be magically restored to some fictional past where a dominant UK thrived in an economic self-sufficiency bubble. No banking sector or stock brokers required.
Good bloody luck with that, mates.