Economics

Přežije Londýn brexit?

Apr 25, 2017 Howard Davies

LONDÝN – Brexit vypustil mezi finanční holuby londýnské City hladového kocoura. Nikdo zatím neví, jaký budou mít firmy se sídlem v Británii přístup na jednotný finanční trh Evropské unie, a rozhodnutí premiérky Theresy Mayové vypsat na 8. červen parlamentní volby situaci dále zkomplikovalo, přinejmenším krátkodobě. Panuje však nepříjemný předpoklad, že se něco musí změnit a že země za odchod z EU bude muset zaplatit.

Finanční firmy se sídlem v Británii, a zejména ty, které si za své evropské sídlo vybraly Londýn právě z toho důvodu, že si chtěly zabezpečit přístup na celý trh EU z jediného místa, proto nyní zvažují možnosti. Koneckonců je k tomu zavazují i regulátoři, když jim kladou otázku, jak zachovají kontinuitu klientských služeb v případě „tvrdého“ brexitu. (Vláda Mayové raději hovoří o „čistém“ brexitu, ale to je jen sémantika.)

Konkurenční evropská centra vycítila příležitost přetáhnout část tohoto byznysu zpět na kontinent (nebo do Irska). Dominance Londýna leží jiným vládám už dlouho v žaludku. Vědomí, že hlavní centrum obchodování s nástroji denominovanými v eurech se nachází mimo eurozónu, pro ně bylo skličující.

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0 Comments on this paragraph, 6 Comments on this article

John Doyle Apr 30, 2017

Since the Financial economy is making economic figures less anaemic, but stripping out the money that supposedly drives the total economy, it's a bit like asking who wants the poisoned chalice to lodge in their city.
The financial economy is on the road to ruin, and it can't come soon enough!
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jagjeet sinha Apr 26, 2017

UNDERWRITING YOUR DEMISE
Am surprised that the "Survival of London" is at stake - after Europe's survival has been underwritten post 1945 by The Anglosphere.
One way traffic is not the best template - the purpose of collective congruence is never the well being of France and Germany alone.
If this was the point of the European Union - 60 years now - were the Leaderships sleeping at the switches ?
Now as The Union decides the "Survival of London" itself - the "Survival of Europe" post 1945 is indefensible.
All the efforts since 1945 by The Victors goes down the drain - Who won the war ? Why underwrite your own demise ??
Downright ridiculous facing the guillotine - after having underwritten the "Survival and reemergence" of the vanquished !!
Sir Winston Churchill, Sir Francis Drake and The Duke of Wellington - must be turning in their graves.
Woodrow Wilson, Franklin Roosevelt, Ronald Reagan - must be turning in their graves.
Perhaps the ultimate irony now - Underwriting the "Survival of Soviet Union" for Russia to wield the next guillotine.
Something fundamentally flawed somewhere ....
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Steve Hurst Apr 26, 2017

To relocate an activity such as the City of London is a daunting process.
- M M Apr 26, 2017
  
  Steve, it has already started. To build is very difficult but to destroy or demolish is very easy and takes very little time.
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Christopher williams Apr 26, 2017

The question of how harmed London will be by Brexit may become clearer after this weekend, when the EU 27 decide whether to take financial services off the negotiating table. That sounds very bad for London - and it almost certainly will be - but the interpretation of job types needing to be performed in whichever of the 27 becomes chosen by banks etc. can obfuscate the issue. The more mid-level management positions can be retained in London the better for the UK - but the lesser EU members may block too much of that as well as the senior roles.
So, as you point out, hotels in London are doing well while the sales teams are coming - but don't count on that for long when all the executives have moved on.
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Peter Schaeffer Apr 25, 2017

"Will London Survive Brexit?"

A few points. Does the rest of UK care? Rightfully or wrongly resentment of London is pervasive in the UK. However, the bottom line is easy. London will be free to trade with the world, once it leaves the EU.
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