So that’s good, isn’t it. Not sure the message has got through, though, as HSBC this week announced it’s moving seven offices and 1000 jobs to Paris, Bank of America 200 and fund manager Baillie Gifford is opening a new operation in Dublin and ‘The Square Mile could see up to 12,000 jobs lost in the short-term aftermath of Brexit with thousands more at stake longer term, the City of London Corporation has warned that ‘the Square Mile could see up to 12,000 jobs lost in the short-term aftermath of Brexit with thousands more at stake longer term’.
“UK slips into recession as economy contracts 0.1% in December”
This week’s big economic and bad election news is that we are, or certainly have been, officially in a recession. You may not have thought you were, or you may have thought you have been for some time, as we and its effects are all different.