Dutch leader says Brexit puts Britain in deep trouble

Dutch Prime Minister Mark Rutte on Tuesday questioned British optimism that departing the European Union will lead to a brighter future, saying the United Kingdom could be in for "potentially irreparable harm," reports AP.
In unusually frank terms toward a longstanding allied nation, Rutte said Britain's economic growth has remained good since last year's Brexit vote only because the pound has sunk. "If you look below the surface, the English economy suffers potentially irreparable harm because of their Brexit," he warned.
Rutte said the Brexit vote has already led to a "tectonic shift" within the international banking community that still has London as one of its biggest global hubs. He said American banks are seeking to get out of the City of London and have shown a keen interest in Amsterdam as a new hub. "They want to leave London, so they mainly think about Frankfurt and Amsterdam," he said.

Dutch leader says Brexit puts Britain in deep trouble

Dutch Prime Minister Mark Rutte on Tuesday questioned British optimism that departing the European Union will lead to a brighter future, saying the United Kingdom could be in for potentially irreparable harm, reports AP. In unusually frank terms toward a longstanding allied nation, Rutte said Britains economic growth has remained good since last years Brexit vote only because the pound has sunk. If you look below the surface, the English economy suffers potentially irreparable harm because of their Brexit, he warned. Rutte said the Brexit vote has already led to a tectonic shift within the international banking community that still has London as one of its biggest global hubs. He said American banks are seeking to get out of the City of London and have shown a keen interest in Amsterdam as a new hub. They want to leave London, so they mainly think about Frankfurt and Amsterdam, he said.