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  It's unlikely that any of the banks would move any more than their HQ abroad and, while this would have an impact most financial experts report that other businesses that are currently squeezed out would come to the fore and make up the losses. It would seem to be more about posturing and demonstrating 'potency' which is so important for these testosterone fuelled.
  Interestingly the Independent Commission on Banking's Final Report, issued today, "sets out the Commission's recommendations on reforms to improve stability
  and competition in UK banking" and reports:
  "The provisional conclusions of the Interim Report were that the impact of the recommendations on the competitiveness of the UK would be broadly neutral, and that increased financial stability would be positive for the UK's role and reputation as a financial centre as well as for the wider economy. The Commission believes that the final package of recommendations has strengthened this conclusion".

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