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A comment on Amsterdam displaces London as Europe's top stocks centre after Brexit. Parent comment

Re:Amsterdam displaces London as Europe's top stocks centre ... by specialist on Thursday February 11, 2021 @05:42PM (#26108419)
Huh. Given that the City will lose its preeminent spot in the world of finance, I assumed traders would be anti-Brexit. What's the (typical) trader's reasoning?
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Re:Amsterdam displaces London as Europe's top stocks centre ... by coldtea on Thursday February 11, 2021 @06:06PM (#26108689)
>Given that the City will lose its preeminent spot in the world of finance

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...

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Re:Amsterdam displaces London as Europe's top stocks centre ... by MichaelMoser123 on Thursday February 11, 2021 @06:50PM (#26109147)
wouldn't you have to cut back on services as a tax haven? The NHS might not be very happy about that.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by BerislavLopac on Thursday February 11, 2021 @06:54PM (#26109177)
The NHS is being privatised anyway.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by Camas on Thursday February 11, 2021 @08:24PM (#26109802)
https://capx.co/the-enduring-fantasy-of-secret-nhs-privatisa...
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Re:Amsterdam displaces London as Europe's top stocks centre ... by BerislavLopac on Friday February 12, 2021 @04:36AM (#26111962)
There is nothing secret about it.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by ilikeerp on Thursday February 11, 2021 @08:14PM (#26109738)
As well as being factually dubious, that didn't answer the question.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by coldtea on Friday February 12, 2021 @05:33AM (#26112213)
The question was wrong anyway. You don't have to "cut back on services as a tax haven". Cyprus, Singapore, Swizzerland in the past, etc, have all kinds of state services...

Maybe the one asking had in mind some derelict tax haven islands in the caribbean or so? Not all tax havens are like that...

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Re:Amsterdam displaces London as Europe's top stocks centre ... by MichaelMoser123 on Saturday February 13, 2021 @08:11AM (#26123407)
No, services cost money and have to be paid for. That was my argument. Still interesting that you guys find that there is ground for argument - an irrelvant topic would not be ground for argument, wouldn't it?
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Re:Amsterdam displaces London as Europe's top stocks centre ... by breakfastduck on Thursday February 11, 2021 @06:36PM (#26108994)
Yeah people a quick to forget that London is not what it is because of the EU.

It has been a global hub for centuries.

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Re:Amsterdam displaces London as Europe's top stocks centre ... by ashtonkem on Thursday February 11, 2021 @07:28PM (#26109436)
All of this is true, but people drastically overweight the recent past when predicting the future. The world is littered with cities that were global or regional hubs in the past. Things can change.

This problem gets worse when the past becomes an argument for not taking the necessary steps to mitigate any potential change.

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Re:Amsterdam displaces London as Europe's top stocks centre ... by addicted on Thursday February 11, 2021 @07:56PM (#26109624)
The UK was also the sick man of Europe before they joined the EU predecessors.

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.

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Re:Amsterdam displaces London as Europe's top stocks centre ... by krona on Friday February 12, 2021 @04:46AM (#26112009)
closer collaboration - closer compared to what? The share of the UK's total trade that was with the EEC/EU fell during the time it was a member.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by coldtea on Friday February 12, 2021 @05:31AM (#26112203)
>The modern successful UK is almost certainly a consequence of closer collaboration with the EU.

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?

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Re:Amsterdam displaces London as Europe's top stocks centre ... by im3w1l on Thursday February 11, 2021 @09:59PM (#26110301)
The Empire is no more though.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by specialist on Thursday February 11, 2021 @06:41PM (#26109047)
Right. But isn't there some wrinkle where London loses the trades denominated in eurodollars by leaving the EU?
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Re:Amsterdam displaces London as Europe's top stocks centre ... by coldtea on Thursday February 11, 2021 @06:46PM (#26109102)
Not if the companies with the eurodollars can get tax haven in London...
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Re:Amsterdam displaces London as Europe's top stocks centre ... by ric2b on Friday February 12, 2021 @11:04AM (#26115091)
It also used to be an empire, that's gone.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by jiofih on Thursday February 11, 2021 @08:32PM (#26109835)
Are they? Never heard of that being forgotten. Sounds like empty brexit fodder.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by albertgoeswoof on Thursday February 11, 2021 @05:51PM (#26108515)
Traders are gamblers, the city might not lose it’s place, and they’ll be riding a massive wave if that happens. Not a bad calculated risk.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by Ekaros on Friday February 12, 2021 @03:33PM (#26118226)
Short it all the way down. Then buy at the bottom. It will rise again... Rather ugly way to do things, but it can work for them...
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Re:Amsterdam displaces London as Europe's top stocks centre ... by DaiPlusPlus on Thursday February 11, 2021 @05:51PM (#26108514)
One would assume lack of oversight and regulation.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by csomar on Friday February 12, 2021 @03:22AM (#26111677)
No longer has to follow EU rules. Can become a tax haven shortly after.
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Re:Amsterdam displaces London as Europe's top stocks centre ... by madaxe_again on Thursday February 11, 2021 @06:11PM (#26108768)
A lot of traders come from a social stratum where being pro brexit is the in-group opinion.

Reasoning doesn’t really come into it with brexit.

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Re:Amsterdam displaces London as Europe's top stocks centre ... by thu2111 on Friday February 12, 2021 @07:44AM (#26113024)
Given that the City will lose its preeminent spot in the world of finance

According to the EU. People who actually work in finance see it a bit differently.

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