Britain’s exit from the EU entails financial losses for the British. But will anyone be able to make money on it?
Finances are leaving London.
More and more creditors are considering withdrawing their assets from the UK. As it is not difficult to guess, it is Brexit that is the main reason for such reasoning. Immediately after the June referendum, many international banks registered in Britain began to think about withdrawing their money. It seems that now their plans are beginning to come true.
Who will replace London?
Many see Paris as the main alternative to London. This is reported to us by the Secretary General of the French Financial Markets Authority (AMF). Back in October, there were rumors that Paris La Défense was actively promoting British investors with a view to moving them to Paris. It seems that the rumors were not unfounded.
Why is Paris so beautiful for business?
In addition to its magnificent architecture and milder climate, Paris has a number of advantages over London. First of all, Paris itself is happy to accept all the business, which until recently was located in the English capital. It is France that remains the main key to access EU markets.
And what about Britain?
In the united kingdom itself, many are concerned that if all the points of Brexit are implemented, Britain will completely lose access to the EU single market. About 5.5 thousand companies registered in the UK have passport rights to work in the EU. Depriving these licenses could be catastrophic for many.
