The fight is on to attract business away from London. But what should banks be thinking about when deciding where to move?
Summer feels like it is already here. Given the upcoming electoral calendar the political temperature will also likely rise.
It might only be a procedural step but this week marked another important pre-Brexit negotiations milestone. The Council of Ministers’ General Affairs Council (GAC) formally approved its Brexit “negotiating directives”, the final procedural hurdle ahead of the start of negotiations proper.
Mrs May alone can explain her motivation for calling an early election. Rumours and speculation abound about her precise reasoning but a general consensus on her prime motivation seems to be: reinforcing her legitimacy to deliver Brexit.
The UK has always had a love/hate relationship with France. But when it comes to May’s Brexit Britain, that distinguished honour might soon be usurped by Poland.
One thing we learnt from Brexit and Trump in 2016: corporations and investors would be wise to have a healthy dose of scepticsm when looking at pre-election polling statistics.
Internationally operating businesses and investors are experienced and well equipped to deal with risk: for example establishing internal processes and seeking external counsel to manage operational, market and regulatory risk.
A week is a long time in politics. But the coming weeks could feel longer than usual for UK Prime Minister Theresa May.
Brexit is a disaster for the English language. And we don’t mean the fact that an EU official close to current European Commission chief Brexit negotiator, Frenchman Michel Barnier, allegedly claimed recently that Brexit negotiations will take place in French – quelle horreur!