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by foolmeonce 1971 days ago
> Otherwise why not buy local?

Yes, why not? Reasons like expertise on EU investments in English were already an eroding advantage. Many finance groups were already reducing the portion of their staff there and are now moving more of their staff to offices in the EU.

(The UK was in a tough spot because it wouldn't commit to the EU. The fix was to make a worse choice, the UK is too small and too dependent on eroding advantages to maintain what it had.)