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Business / Business Education / Finance / Money / Personal Finance

Howd’ya Like Dis Apple, Guv’na?!

Howd’ya Like Dis Apple, Guv’na?!

By Dschwen (English Wikipedia) [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

In the spirit of full disclosure and radical transparency, we’ll admit that we were sort of looking forward to the Armageddon due to descend upon London’s financial industry in the wake of Brexit. It’s not that we don’t like London—we do! And were really looking forward to being able to afford to go there more often. It’s just that we believe that stupidity should be punished. So we’ll admit that we’re a bit disappointed that that the U.K.’s comeuppance has been slow in coming, perhaps because the local alternatives are worse.

And slow it has been, much like the Brexit negotiations. But: Coming it also is, much like the Brexit disaster.

New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the EU prompts banks to shift jobs out of the city to keep access to Europe’s single market.

London’s score fell by eight points from six months ago, the biggest decline among the top contenders…. Asian competitors are closing in, with Hong Kong only three points behind London, the survey found.

Welcome to New York, friends: We hope you like your subways slow-moving and foul-smelling. U.S.A.! U.S.A.!

London loses top spot to New York in financial survey due to Brexit [Reuters]

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