In the months
leading up to the takeover of No.10 by Stalinist Gordon Brown, the major UK banking groups are beginning to find ways
to move their headquarters out of his reach.
Barclays Bank is
the latest, and has announced that it is thinking of moving its Headquarters to
Amsterdam to help smooth its £80bn takeover of
Dutch rival ABN Amro.
said that Barclays was looking for ways to move out of the UK anyway, and the merger talks with ABN Amro were the perfect method to achieve
In recent months
HSBC had announced that it is considering moving its Headquarters to Ireland,
where the tax regime is more business friendly, in another move seen as big corporates
escaping the Big Clunking Fist of what is expected to be Britains first
Stalinist prime minister.
In Scotland, the former
Royal Bank of Scotland chairman Sir George Mathewson has openly backed the SNP,
some say with the backing of the Scottish financial industry, with a view to independence
from the Treasury rules if the SNP win at Holyrood.
industry in general, and the Banks in particular are upset that the Treasury
are increasingly viewing them as the bale out boys, with overseas and offshore
accounts already having been targeted as sources for taxation, and their latest
move to seek out accounts which have been inactive for more than 15 years and
steal the money.
The Banking Industry
in the UK is preparing itself to ensure that it does not
become the ‘donor’ to fill the Chancellors 1.3 trillion national deficit.