Luxembourg reaping London's financial services triggered by Brexit

Thursday, January 24th 2019 - 07:26 UTC

Full article 4 comments

Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union. Read full article

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The Voice
Luxembourg, tax avoiders EU HQ. They will regret it as the UK transforms into the Singapore of the West.
Jan 24th, 2019 - 11:50 am - Link - Report abuse 0
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DemonTree
In Singapore 46% of the population is foreign born and financial services is one of biggest drivers of the economy. Is that really what you want to transform Britain into?
Jan 24th, 2019 - 03:49 pm - Link - Report abuse 0
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The Voice
Economically yes, life style no. I have an old friend, a Chinese Malay who lives there. Its a bit frenetic and soulless. We can do better than that. Restart our aviation industry too to replace froggy Airbus.
Jan 24th, 2019 - 06:15 pm - Link - Report abuse 0
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DemonTree
I'm afraid the two go together, TV. A highly competitive culture is great for growing the economy but not so nice to live in. And Singapore would not have grown so fast if they did not allow high immigration.
Jan 24th, 2019 - 06:40 pm - Link - Report abuse 0
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