Brexit Britain Banking Bonanza: EU banks flood in, IMF puts UK ahead of Eurozone

Osborne and Hammond remain silent, as their Remainer 'fear forecasts' turn to dust

Hammond, Lagarde, Osborne - All their forecasts were wrong

Brexit Facts4EU.Org summarises two stunning economic reports issued yesterday

In a spectacular double-whammy yesterday, two reports were released which put paid to the last vestiges of pre- and post-Brexit Project Fear.

Brexit Facts4EU.Org Summary

Brexit Britain - More good economic news

  • London’s status as financial capital of Europe looks secure: Over 1,000 EU firms plan to open UK offices
  • PLUS - IMF latest forecast shows UK growing faster than Eurozone and even Germany
  • “We gravely misled the British Public,” said former Chancellors Osborne and Hammond, in our dreams

1. Over 1,000 EU Banks and financial services businesses plan to open UK offices

© Brexit Facts4EU.Org - click to enlarge

Following a freedom of Information request to the Financial Conduct Authority (FCA) by financial consultancy Bovill, it was revealed yesterday that some 1,400 EU-based firms have applied for permission to operate in the UK after Brexit, with over 1,000 of these planning to establish their first UK office.

Amongst the total of 1441 applications are those from 134 EU/EEA banks, which will either be setting up offices in London for the first time or boosting their current UK presence. Financial firms planning to move to the UK span all sectors in financial services. As well as EU banks, these include EU asset managers, insurers, exchanges and fintech firms.

2. IMF finally puts UK ahead of Eurozone and Germany, in latest economic forecasts

Yesterday the pro-EU International Monetary Fund (IMF) released the latest update to its economic forecasts for growth in the world’s economies. It did so just ahead of the start of the 4-day meeting of world leaders and financial corporations at Davos in Switzerland which starts today.

These figures clearly show that the IMF expects Brexit Britain to outperform the economies of the Eurozone and Germany, even during the undoubted turbulence following the UK’s final departure from the EU.

© Brexit Facts4EU.Org - click to enlarge

Observations

We are delighted to bring readers summaries of two more official reports which provide yet more positive facts about Brexit.

The first report uses data provided by the Financial Conduct Authority and the second is from the International Monetary Fund. Remainers were delighted to use information from such organisations when they promoted Project Fear. We are sure that these Remainers must now be delighted to have been proved so wrong by the subsequent and positive facts, figures, and events. Perhaps they might even apologise to the public... or perhaps not.

The IMF was one of those organisations which was happy to play its part in Project Fear prior to the EU Referendum in 2016, urged on by then Chancellor of the Exchequer George Osborne and the rest of the Cameron Government. This continued after the Referendum under the Theresa May Government and her new Chancellor Philip Hammond, as the Establishment attempted to overturn the largest democratic result in British history.

Until late last year the IMF was led by the arch-europhile Frenchwoman Christine Lagarde. In November Ms Lagarde was appointed President of the European Central Bank. This is despite having been found guilty of negligence by a French court in a massive national financial scandal in 2016.

Yesterday the organisation she led for eight years - the IMF - was forced to revise its figures again, although of course it never expressed this as eating humble pie. Instead, we simply have their plain forecast figures which we are happy to bring you.

The IMF says that the UK will outperform the Eurozone for the three years from 2019. Who would have thunk it?

If you would like us to continue bringing you great Brexit news like this, please donate something today. It’s quick and secure and the options are below. We only have the public to rely on, and unfortunately it seems that far too many people now think Brexit is done and dusted. Thank you for anything you can do.

[ Sources: Financial Conduct Authority / Bovills Ltd | International Monetary Fund ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, 21 Jan 2020

Click here to go to our news headlines

And please scroll down to COMMENT on the above article.

Share this article on

Something to say about this? Scroll down for reader comments

Supported by MPs, MEPs, & other groups, our work has impact.

It presents a simple, positive, and factual case for a true Brexit NOW.

Please donate today, so that we can really extend the reach of our work for a clean Brexit.

Any credit card user

Quick One-off

Donate

From £5 - £1,000

Monthly

Subscribe

From £3 per month

Paypal Users Only - Choose amount first

Quick One-off

Monthly