#LondonIsOpen – Brexit: France vs UK
France vs Britain in the 2017 World Economy
How do Both Countries Compare? Would anyone believe Juncker’s speech will affect Brexit Talks?
Let’s be serious for a minute! Jean-Claude Juncker is on the verge of retirement. He has pretty much been useless on the Continent – except for striking fiscal deals with internet giants in Luxembourg.
London has been the most dynamic and business-friendly environment for decades. Brexit will not make 30 years of hard work disappear.
“Project Fear” does not work any more!Click To Tweet
Expected GDP in 2017
The IFM has downgraded Britain’s growth
UK’s forecast is expected to be between 1.4%, 1.7% and 2% as per the IFM’s statement dated June 20th – 2017 (depending on sources). Since the Labour party lost the General Election, the Nation returns to the dark days. So-called “Experts” predicted a financial chaos, when the UK rejected the Single Currency. What happened? Nothing!
All UK political leaders (in the Remain camp) insisted, that the Nation would go into chaos, right after the EU Referendum. What happened? The Pound went down. Exports were boosted all of a sudden. Of course, we may expect some economic turbulence during Brexit talks. Uncertainty is today’s certainty.
While the UK decided to leave the EU, Britain in recession will always do better than France. The expected GDP in 2017 is set to 1.4% as per France’s Insee.
The UK in recession at 1,4% (after such a major decision: Brexit), Britain is performing like 'booming' France.Click To Tweet
London, Europe’s Finance Hub Post Brexit
Business As Usual!
Will Britain’s exit from the EU affect London City?
There is no denying that many politicians and business leaders will be looking at the opportunities available when Britain leaves the European Union.
There will be a strong desire to bring many of the leading financial institutions to cities across Europe. Destinations like Hamburg, Paris and Dublin have all been cited as locations where the top financial companies may end up if companies flee after Brexit but it looks as though this may not happen.
At this point in time, London is still Europe’s finance hub and it intends to still be the number one option post Brexit. It also seems as though many people and firms are still considering London to be the place when it comes to developing digital technologies that are primed for the financial sector.
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