The Mudcat Café TM
Thread #162855   Message #3901052
Posted By: Raggytash
22-Jan-18 - 10:37 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
Latest news:

"UBS, the Swiss investment bank, will not wait for details of a possible transition deal before triggering its Brexit contingency plans “in early 2018”, risking the loss of up to 1,000 UK jobs, the Press Association reports. It detailed the plans in its fourth quarter earnings report, in line with expectations that a raft of international firms will be forced to start moving jobs and EU client operations by the end of March. It said:

The UK is still expected to leave the EU in March 2019, subject to a possible transition period. We intend to begin implementation of contingency measures in early 2018."

So Finance companies are getting out sooner than predicted. The thin end of the wedge. Thanks to those that voted leave.