Comments by "TheEvertw" (@TheEvertw) on "Economics Help"
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While the economy of the UK is currently suffering under Brexit, wait to see what happens when the EU relocates the handling of EU transactions, and many of the financial services associated with that, from the City back to the mainland.
This will happen in July 2024, or rather before then, as starting on that date, no EU transaction clearing will be allowed outside EU soil.
After some time, the City will only be left with less-than-savory characters wanting to launder money. And that will result in the City being blacklisted, no more financial services from the City for the EU zone.
We want less Russian money in the EU, not more.
<edit:> The deadline is 30-6-2025, not 24.
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