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Moving Back to London and 2023 Review

mccormick.cx

21–27 of 27 posts

Re: Moving Back to London and 2023 Review

#21

Earlier quoted context omitted.

Well, there was also that Brexit thing.

That has made little difference to London. Yes, it's harder for EU citizens to move there, but the pool of people happy to move to London for work is vast and global. No longer being in the EU can be a downside depending on the business but in general, as a service-based economy operating globally, London is just carrying on undeterred.

Except all the extra costs and red tape when doing business with the EU.

Re: Moving Back to London and 2023 Review

#22
post #21

Earlier quoted context omitted.

That has made little difference to London. Yes, it's harder for EU citizens to move there, but the pool of people happy to move to London for work is vast and global. No longer being in the EU can be a downside depending on the business but in general, as a service-based economy operating globally, London is just carrying on undeterred.

Except all the extra costs and red tape when doing business with the EU.

Which depends on the business and, again, which is not a killer issue when you are doing business globally... For instance, in financial services the UK is still the world first exporter and does more business with the US than with the EU to begin with: doing business with the US is also 'extra costs and red tape' and yet it is thriving...

Re: Moving Back to London and 2023 Review

#23

How can one person do all those things in a year and raise kids. And move countries with them. Please share your secret.

One cannot. One or more of those things is suffering, and I hope it's not his kids, though people like this usually delegate childcare to their spouse or paid care.

Re: Moving Back to London and 2023 Review

#24
post #21

Earlier quoted context omitted.

Except all the extra costs and red tape when doing business with the EU.

Which depends on the business and, again, which is not a killer issue when you are doing business globally ... For instance, in financial services the UK is still the world first exporter and does more business with the US than with the EU to begin with: doing business with the US is also 'extra costs and red tape' and yet it is thriving...

London is likely going to be the least effected area of the UK by Brexit, which is ironic given the leave/remain vote distributions.

The real problems are not for global businesses, but for small businesses that lost access to a market around the size of the US (on their doorstep no less) with effectively zero trade restrictions.

Global businesses can eat the red tape required to access external markets, others take a hit to profitability or simply can't survive selling into the UK market alone.

Hopefully this can be slowly reversed otherwise the UK will see a drop in home grown businesses that had the potential to grow organically and stay based in the UK. I foresee small businesses getting bought out more frequently by overseas competitors because they couldn't grow fast enough in the UK alone.

Re: Moving Back to London and 2023 Review

#25
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