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If this goes through, and if we remain in the EU, within 5 years the following will happen:
- World financial centre will rapidly shift from London to New York, Zurich, Hongkong and Dubai.
- 150,000 job losses in City of London, similar in Paris and Frankfurt.
- London and Home Counties real estate market will collapse.
- UK GDP will shrink in a way that makes the last 5 years look like a tea party.
- Senior bankers will be laughing - tax rates abroad are lower- HK 15%, Dubai no income tax at all.
Stupid, stupid, stupid Europe. They think the way to deal with a goose that lays golden eggs is to kill and eat it.
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