Bet Against Banks Leaving

bank-of-guido-cheque

Anthony Browne of the British Bankers Association is a deservedly well paid lobbyist on behalf the industry. He earned his crust this weekend by getting the Observer’s front page splash:

observer-brexit

The lurid claim made in the first line is that

“Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas.”

This echoes the claims made during the referendum campaign – claims which included that Britain will go into immediate recession this year if we dared to vote to leave the EU. Guido tried to bet anyone of the 71% of City economists who made that claim £1,000 that there would be no recession in 2016. Not one economist him up on the wager. So Guido’s new offer is to Anthony: £1000 says that not one leading bank will give up its UK banking licence next year to relocate to the EU.

Winnings to charity. Well Anthony, do we have a bet?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Stephen Kinnock asked if immigration should be cut…

“I don’t necessarily think it has to be cut.”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Brexit Book War – Latest Brexit Book War – Latest
Public Heath England Gets Booze Sums Wrong Public Heath England Gets Booze Sums Wrong
Civil Servants Forced to Admit We’re Leaving EU Civil Servants Forced to Admit We’re Leaving EU
Sarah Olney Walks Out of Interview Sarah Olney Walks Out of Interview
DfID Slams Baroness Scotland DfID Slams Baroness Scotland
Ken Aide Says Staff Celebrated 9/11 Ken Aide Says Staff Celebrated 9/11
Highest Ever Immigration Highest Ever Immigration
Mortgage Approvals at 7-Month High Mortgage Approvals at 7-Month High
Whitehall’s Brexit Blooper Whitehall’s Brexit Blooper
Amy Lame Ends Naughty Property Deal Amy Lame Ends Naughty Property Deal
WATCH: Bob Geldof Embarrasses Libdems WATCH: Bob Geldof Embarrasses Libdems
Was Guardian Spoofed by Alt Right Hoax? Was Guardian Spoofed by Alt Right Hoax?
Khan Breaks Fourth Promise Khan Breaks Fourth Promise
Bone Tables Article 50 Bill Bone Tables Article 50 Bill
Corbyn’s Commons Cock-Up Corbyn’s Commons Cock-Up
WATCH: Tom Watson Singing Israeli Celebration WATCH: Tom Watson Singing Israeli Celebration
Hugo Speaks Out Hugo Speaks Out
Baroness Scotland’s Anti Corruption Lecture Baroness Scotland’s Anti Corruption Lecture
BBC Interupts Snooker to Remember Castro BBC Interupts Snooker to Remember Castro
Leadsom Brexit Plans 25 Years Ahead Leadsom Brexit Plans 25 Years Ahead