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HSBC drops electoral bomb: quit EU and we may quit London


economy

HSBC drops electoral bomb: quit EU and we may quit London

Britain’s biggest bank HSBC has waded into the UK election campaign by saying it is considering leaving London because of the economic risk of Britain pulling out of the EU.

It condemned the uncertainty around continued British membership the outgoing Conservatives have created by promising to hold a referendum if re-elected.

The announcement was made ahead of the annual shareholders’ meeting and is a surprise. One bank source reported “shareholder after shareholder had only one question: was London still the best place for headquarters?”

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