Well, well, well. As we head into a critical weekend, with the UK's independence on the line, yet another of the Remain lies exposed for the absolute fiction they always were. For those without a subscription, here are some of the best lines... 1/ https://twitter.com/FT/status/1337714773685891073
"Initial warnings that tens of thousands of jobs would leave the City have been drastically scaled back. An FT survey of 24 large international banks and asset
managers found that the majority had increased their London headcount over the past five years" 2/
"Nine of the world’s largest asset managers have ramped up hiring in the UK since the vote, with
their total combined headcount rising 35 per cent to more than 10,000 employees over the period." 3/
"The numbers are far different to companies’ original estimates, including Deutsche and JPMorgan whose executives at one point said as many as 4,000 of their staff could leave London" 4/
An this is my favourite quote:
“We were totally sticking our finger in the air,” said a former senior executive at one of the top
banks. “Everybody said 1,000. They thought if they said hundreds, nobody would believe them.” 5/
"Vanguard, the second-largest asset manager in the world, more than doubled their London workforce. Pimco, the biggest bond fund manager in the world, also increased their London headcount." 6/
And this for those with worries about the future:
“The big question, of course, is how does capital markets union evolve, does Europe really come
together and build it out?”
If the biggest thread to London is CMU, we can sleep soundly in our beds. #BrexitBonus ENDS/
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