Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think it's too late. They've put in too much effort to let go now.

The banks have already committed to re-locating various parts of their organisation, they've already done the logistics and real estate hmework. Large parts of the organisation have already identified the cost savings from re-organisations, rationalisations and down-sizing. They've worked out who's going and who's being let go.

And frankly, they're many things but they're not daft. They can pretend that there were many reasons to pretend that it was business as usual in the run up to 2008, but they know, absolutely, that in March 2019 the UK economy will crash like a runaway train going round a tight bend. They know that vast swathes of their business will simply die, overnight at the stroke of midnight. Turn out the lights, we won't need them anymore.

The gig's up. The City will go from Global Player to provincial backwater. And nothing the Tories do now is going to change that. Unless they turn around and announce that invoking A50 was all some grand jest and they're all very sorry but can we go back to normal now please.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Oct 5th, 2017 at 12:21:23 PM EST
[ Parent ]

Others have rated this comment as follows:

budr 4
ATinNM 4
Cat 4


Top Diaries

Après May

by Frank Schnittger - Mar 22

The gloves are off

by Frank Schnittger - Mar 20

Brexit Fun: The John Bercow Show

by Oui - Mar 18

Healing Earth (Through the Waters)

by gmoke - Mar 19

No justice for Bloody Sunday

by IdiotSavant - Mar 14

People playing games

by Frank Schnittger - Mar 15

Occasional Series