Although we know there will be those who red this is being true in a wholly and exactly manner:
Firms move €150bn of UK assets to France ahead of Brexit
Banque de France says 31 entities – mainly investment firms – have applied for licences in France, moving €150bn of assets since September
Folks have moved the country of registration of the companies that manage €150 billion of assets to France. They’ve not actually moved €150 billion there. They’ve not sold out of UK stock and bought French. The little company “we’re a registered investment trust limited” has become “we’re a little investment trust SA” with the letterbox in a different city.
Sure, this is obvious, we know it. But there will be people out there complaining about the €150 billion having left the British economy….