| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Three cheers for those 'magnificent' students......... | |
| Posted by: | Stewart Dean | |
| Date/Time: | 14/11/10 16:54:00 |
| " Most of the assertions that you make are littered with misconceptions about financial services that someone with the most superficial understanding of the City of London wouldn't make." I better add I haven't worked on a financial project for about 2 years so haven't had the reactions of those I worked with. The companies I did work with where household names either in the UK, US or world wide, large companies that tall buildings in cities. The 'offshore' concept sounds like more sabre rattling to me. As you will know cost is only one factor for moving anything off shore and the rate is low enough not to make over shadow other factors. Wasn't there the same threats on the UK stamp duty on shares? As you point out the time zone is one of the main factors for why London remains competitive, plus its culture, heritage, working environment and general attitudes compared to working the US for example (where holidays are often seen as unprofessional). So it looks like we are kinda agreeing. I'm not claiming to be a city professional by the way or a financial expert, only have had some experience of working with those in the city and have worked on investment projects. |