Of course they’re all leaving -which is why they’re expecting to have 11,000 more employees in the City

Posted on

As the FT reports:

More than 11,000 extra staff are forecast to be employed by banks and financial services firms across London over the next three years despite fears about regulation and taxation, reflecting renewed confidence in the capital and the wider economy.

Day in, day out, the joke that banks will leave London is shown to be utter rubbish.

So let's lay the myth to rest.

Alongside the claim that bond vigilantes have it in for the UK.

And that if non-doms leave the Economy will collapse.

And that low corporation tax rates are essential for growth.

All are bunkum.

A fact that needs to be repeated, often.