03-29-2017, 10:48 PM
Fears that Brexit will cause rents to fall could lead to London office values dropping between a quarter and a third, according to Morgan Stanley. If potential property buyers lose confidence in their ability to charge more for vacant space when it becomes available, prices will drop sharply, especially given the new supply of offices under construction, Bart Gysens, an analyst at the bank, wrote in a note to clients Wednesday.
London Office Values Could Fall by a Third, Morgan Stanley Says - Bloomberg
Goldman Sachs will shift jobs away from London while bulking up its European presence by "hundreds of people" as it executes on Brexit contingency plans, the chief executive officer of Goldman Sachs International told CNBC on Tuesday.
Goldman Sachs confirms London jobs will move to Europe in first stage of Brexit reshuffle
The speed with which the emergency services responded to last week’s attack on Westminster was rivalled only by the hard right’s eagerness to blame the horror on migration. I mean, why wait for the evidence? With the same confidence that he had (incorrectly) blamed the Berlin Christmas market atrocity on Angela Merkel’s admission of refugees, Nigel Farage told Fox News: “If you open your door to uncontrolled immigration from Middle Eastern countries you are inviting in terrorism.”
The broad claims of the referendum campaign are starting to dissolve into the pixelated reality of policy, practicality and compromise. According to a senior government source, a wonderful irony is now manifesting itself around the cabinet table in the contributions of Liam Fox, David Davis and Boris Johnson: “There’s no doubt that Theresa wants to bring down immigration. But the three main Brexiteers are suddenly becoming more and more vocal about the need to keep the numbers sufficiently high for the needs of the economy. You hear Liam saying: ‘We mustn’t do anything that threatens prosperity.’ It’s becoming more and more clear to them what’s at stake.”