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TfL £5Bn short for Crossrail
On 21 May, 19:11, 1506 wrote:
On May 21, 10:19*am, The Real Doctor wrote: On 21 May, 17:05, 1506 wrote: On May 21, 7:55 am, The Real Doctor wrote: Nope. People with a financial interest in having it built have proposed a very modest benefits to cost ration. Even then, we'd do rather better, as I recall, sticking the money in a building society account. One wonders if you will still think this is true when Europe's fianancial center has moved to Frankfurt? Ridiculous scaremongering. If Europe's financial centre moves to Frankfurt, it won't be because the commute in from Maidenhead hasn't been reduced by ten minutes. Ian Allow me to appraise you of some facts. Many US companies favor London as a European base of operations. For several years now US companies have been under the thumb of a nasty piece of Legislation called Sarbanes Oxley. *One partial solution to this is to de-list on the US stock exchanges and list on an oversea exchange. *London has until now been the exchange of choice. Another method of reducing the impact of state and federal legislation is the creation of upstream, offshore holding companies. *Again England & Wales is the obvious choice. *Although Dubai seems to be competing well for offshore incorporation and banking. Against these advantages US CEOs and CFOs have to consider the following: London's expensive second rate hotels. Dumb UK airport rules. *One can deplane with two pieces of hand luggage, but enplane with only one. If poor airports are capable of wrecking an economy then the US is screwed. In my experience any foreigner is made to feel entirely unwelcome and treated with intense suspicion as you enter the country, thanks to those nice chaps at the Department of Homeland Security. I don't think it's dawned on the US government how much that's going to put people off studying or working in the states, which over the medium term is going to do some pretty nasty things to its economy Jonn |
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