Originally Posted by
Flying Lawyer
Continue dreaming, Boris! Banks are preparing to withdraw from London. Prices ex London will however go down since BA and others need to get their seats sold. On the long run, there will be no need for a further runway in LHR. Good for the environment.
Banks withdraw from London is an overstatement. If anything is going to happen once UK completely withdrawn from the EU, you will see banks actually increase its foothold in London. Granted, some jobs will be moved. Sour grapes like JP Morgan may move 1,000 staff
BACK to the EU, majority will continue their business as usual as many of the red tapes will be removed.
So based on above estimate, I still believe the EU economy will tank faster, which in turn makes ex-EU fares more reasonable after the initial shock. The banking link between the USA/Canada and the UK will further strengthen thus trans-Atlantic fares will be higher.
At last please respect your fellow FTer, another opinion might not be what you liked or what you would agree, call it 'dreaming' is unnecessary. May I remind you some courtesy words like 'I think' 'I don't agree' 'I believe'. In the end, we are all speculating (despite your profession and works may lead you to believe in certain outcomes).