From the New York Times. When asked the Executives of major financial institutions said in the long term it was inevitable that relocation would take place to places still in the EU.
One Executive in charge of relocation (who like the others, spoke only on condition of anonymity because of the political sensitivity of the issue) said the percentage of employees in his firm who might be required to move ranged from 10 percent to 40 percent. “Multiply that throughout the industry and it’s tens of thousands of people and their families,” he said. “And bear in mind that most of these people are millionaires.”
Frankfurt rated as the likely choice.
Again it is easy to say "So what, hardly sorry for a millionaire" but it is all the infrastructure that they create - restaurants, house sales, car sales, furniture and all the other regular services -all would be diminished. I suppose a positive in all of this is that the housing bubble in London will burst.
Everything will be alright in the end and if it is not alright it is not the end.
Over on grough.co.uk the Open Spaces Society general secretary Kate Ashbrook said she expects the referendum result to have big consequences on the great outdoors. Amongst other things her concern is about the changes to environmental funding from the EU and its effect on the farm stewardship and management of the land.
We now manufacture less so we cannot sell/export items we don't make anymore. What we do provide is financial and other services which are now under threat. The Berlin stock market would love to take business from London. If it is beneficial to them businesses will relocate to the EU; better terms in the EU will be the attraction.
We are unlikely to be offered better terms than we already enjoy under the EU; why would they. Cameron could not negotiate better terms.
We are a good and rich enough Country to sort things out but it will take some time.