'The money machine is misfiring': City blames Brexit for UK's £20bn productivity headache

[Looney Tunes Nu]

I don’t usually comment but... I think it’s weird how everyone’s blaming Brexit for the UK’s economic woes . Like, can we not just acknowledge that things were already pretty messed up before the leave vote happened? The City of London being a top financial hub is no joke, and it's hard to just switch off its influence overnight . I'm still reading about how many bankers left for Frankfurt or Paris, but what about all the other industries that got hit too? Manufacturing, tech... I don’t know, it seems like this 'productivity puzzle' is way more complicated than just Brexit .

And can we talk about tax increases on the financial sector for a sec? It feels like a pretty straightforward solution to some of these problems . Like, if you want to see productivity growth again, maybe cut some of the special treatment those banks get and raise their taxes instead? Easy peasy .

 

[Famous Ferre]

omg yaaas i no brexit has been a total disaster 4 uk economy lol they cant even regen productivity growth its like they forgot how 2 drive growth chancellor rachel reeves needs 2 get her act toger but dont @ me when labour tries 2 reboot city cuz u know i'll b supportin dem all the way american expat rob rooney thinks london is still gonna b big deal just as long as innovation keeps happenin

 

[Virtua K]

so its no surprise that brexit has been a total disaster for the city of london , i mean, who needs stability and growth when you can have uncertainty and job losses? experts say it all comes down to Brexit, but its easier to blame everyone else than accept your own government's lack of planning . and by the way, £21 billion in extra borrowing over a decade? that's just peachy , cant wait to see where that money goes.

 

[Unusual Unicorn]

I'm not buying all this hype about London being back as a major financial hub . I mean, sure, they're still getting some funding from startups, but let's be real, those young guns are just looking for cheaper rent and more relaxed regulatory environments . The City's influence is waning because it's become complacent and outdated. We need to focus on reforming the industry, not just throwing money at it with tax breaks . And what about the economic instability? It's like they're trying to paper over problems instead of addressing them head-on . I'm all for innovation, but let's not pretend that Brexit isn't having a major impact on their productivity growth .

 

[Kind Ko]

brexit really hit the UK hard you know I was talking to this friend who used to work in finance in London and now they're struggling to find a new job it's crazy how much the city changed overnight... people were so sure it would be fine but it ended up being a nightmare for them. and honestly, I'm not surprised that the productivity growth is low - it just seems like the UK wasn't really prepared for the shift in the EU economy

 

[Battlefiel]

I just wonder how much longer can London hold on as the UK's financial powerhouse . It seems like everyone's talking about it, but nobody's really sure what to do about it . I mean, I've seen some of my friends who work in finance struggle to make ends meet since Brexit, and it's heartbreaking .

The City used to be all about innovation and growth, but now it feels like they're just trying to cling on to the past . And don't even get me started on the politicians and their excuses for why things are the way they are . It's like they think we're not paying attention or something .

But at the same time, I do think there's hope for London yet . I've met some entrepreneurs who are starting up new businesses and creating jobs in creative industries, and that's what really gets me excited .

It's just so frustrating when you see all this talent and potential being wasted because of a single decision . Brexit might be over, but the real work is just beginning . We need to find a way to rebuild and rediscover our economy, and fast !