News for hackers. Stuff that matters.

A comment on UK faces worst downturn of any advanced economy, OECD says. Parent comment

Re:UK faces worst downturn of any advanced economy, OECD says by 0xy on Tuesday November 22, 2022 @07:59PM (#33713714)
Large financial institutions and banks are expanding footprint in London, and have announced new office developments after Brexit. So this claim of yours seems to be based on pre-Brexit fearmongering that never came to pass.

I mean, come on, this is easily dis-proven as a talking point. 1 minute of Googling will show it's totally false. [1]

>“London's position in Citi's global framework and strategy is undiminished and is actually growing” [2]

>[HSBC] named three new senior investment bankers within its UK team over the past month as part of an ongoing expansion in the country, according to internal memos seen by Financial News. [3]

[1] https://www.businesswire.com/news/home/20220125006049/en/Cit...

[2] https://www.ft.com/content/7d1be767-0121-45aa-8f94-b3a04ea3c...

[3] https://www.fnlondon.com/articles/hsbc-hires-three-bankers-a...

[ Parent | on HN ]
Re:UK faces worst downturn of any advanced economy, OECD says by TapWaterBandit on Tuesday November 22, 2022 @09:24PM (#33714368)
The UK is still the most finance-friendly country in Europe by far. There were attempts to setup in France etc but regulation is much more onerous and so those plans fell apart quite quickly.
[ Parent | on HN ]