Friday, September 9, 2016

G-20's Warnings of #BREXIT Consequences Are Empty

Migration of banking and biotechnology investment from Britain to the EU, an empty threat that ignores an increasingly hostile taxation policies coming from Brussels, reveals G-20's inherent bias towards socialism and the 'good old boys' club. Those that believe large multinationals will willingly hand over money for 'total political crap' or do it more than once before money, investment, and jobs suddenly disappear are delusional.

Headline: Japan warns Brexit may drive banks, pharma investment to EU

TOKYO (Reuters) - Japan has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU.

In a 15-page report published on the eve of a summit of the Group of 20 big economies in China, a Japanese government task force formed to respond to "Brexit" also warned of a possible outflow of drug research and development investment from Britain, though it said it expected the British government to handle its exit from the bloc smoothly.



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