Sunday, April 26, 2015

HSBC exit of UK prefigures braindrain

Reading the writing on the wall re regulation,taxes and the dire prospect of an overtly Marxist Labour government red in tooth and claw HSBC statement this week that it was considering leaving the UK should not be seen as an idle threat.It did mention the uncertainty of UK s relationship with the EU as being another factor but no one has any realistic figures about what the repercussions of such an British exit from the EU would be so that is not the main issue here.

We do know however what the country always looks like after 5 years of Labour governments  and there are quite a few businesses who will decide that it is not something they want to hang around for with HSBC firing the starting pistol.Watch this empty space where businesses once stood.

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