Get Ready for the "Big Shift"
I am from the banking sector and I know of at least 60% of the fund management, wealth management, hedge fund and private equity businesses shifting out of the UK.
I haven't mentioned the number of factories and other services e.g. legal, accounting firms on the way out.
UK is just 15% of EU's GDP and it makes sense to scale down your operation by cutting between 25 to 80% of headcount in the UK.
I've seen the Asian Financial Crisis, Tech Bubble, Great Financial Crisis, The Big Short, The Big Long, and Brexit. But here comes the "Great Shift".
I think in a "No-Deal" or "Hard Brexit" scenario it will plunge the UK into a recession for several years, eventually with Northern Ireland and Scotland leaving the Union, and will take the country five to 10 years to recover.
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