Paterson: RBS Chairman Sir Howard Davies on Brexit

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'We will lose jobs in the City and at RBS' - RBS Chairman Sir Howard Davies tells Niall Paterson why there'll be "considerable" damage to business and banking as a result of Brexit.

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the balance of financial power of london will change

Soraviel
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no EU financial market access for the bank in UK : leave means leave

pierrevallet
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He is really talking about job losses in the financial sector. That is in London. This could be a good thing. The burden of the financial crisis of 2008 was not carried by the financial sector who continued to draw huge salaries and bonuses. It was paid for by the tax payer; primarily the tax derived from the industrial sector outside of London.

I believe there is a second financial crash in the offing. So if some of the financial sector moves to the EU it could benefit the UK by shifting the financial burden to the EU.

NPipsqueak
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Well he has proven himself to be a total traitor to the British people recently. 🤮🤮🤮

homewithemma
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these people are extremely biased. No deal is the best deal. Who cares about the economy who cares about jobs at least we will be out and we can stop all the immigrants.

Gilaffa
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