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Old 18th September 2014, 10:53 AM
tintin tintin is offline
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Join Date: Feb 2009
Location: Manchester
Posts: 3,668
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Quote:
Originally Posted by sarg View Post
Almost all of the banks and insurance companies based in Scotland have already stated they will relocate to England

http://www.ft.com/cms/s/2/8945a8f4-3...#axzz3Df8c5CH0
They're relocating their head offices ,not their operations.

The principal reason for this is that they'll be able to use the Bank of England (founded by a Scot, incidentally...) as the "lender of last resort", just like they did when they f**ked everything up a few years ago and were bailed out by the (British) taxpayer.

So it's bankers looking after themselves, really - as usual - rather than being a political decision…

I'm on the train north as I type this, just stopped at Penrith, will be over the border shortly..
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