30 months ago I posted that numerous banking, finance and insurance companies where considering moving some of their operations out of the UK to locations that would remain within the EU post Brexit.

At the time I was told, more or less, that I was talking bollocks.

Today I received a letter from one of my insurance companies it reads:

' We are writing to you regarding your active ********** insurance policy that you purchased from our partner ******** company. We *********** Insurance are the underwriter and administrator of this policy. Currently this policy is underwritten from the UK.

As a result of the UK's decision to withdraw from the EU, we intend to transfer your policy to our new insurance company in Germany whch will be withing the *********** group of companies.

The transfer is being undertaken to allow us to continue to service your policy and write business in Europe after the Brexit date'

So now some people will probably be out of work due to this, the revenue to the UK goverment from various taxation will not be forthcoming more people will probably be reliant on the welfare state and someone is probably looking for new tenants.

I don't like to tell you I told you so but ............