Netherlands and France, hit so badly by the austerity, at least will host institutions formerly in London that were eu-significant. Rather callous, non?
Newspapers made ofc a lot of noise about that.
Prestige this and prestige that.
I had to dig in a bit for the details, and here they are:
For Amsterdam that EMA (European Medicin Agency, a regulatory agency) is currently estimated to deliver in total 1,359 jobs from 2019-2022. Of which 900 for EMA directly and 459 from companies that go to the Amsterdam area because the EMA will be there.
Of those 900 existing jobs of EMA, only 600 jobs are likely to move over from London to Amsterdam for various reasons. One of them is that their (high) salaries will go down with on average 24%. Oh... and we have higher (progressive) taxes for the higher incomes as well. And for the ones with children... we do not have all those elite schools in Amsterdam etc, etc.
Well... it is ofc good news for NL and Amsterdam, but nowhere close to the hits the 80,000 companies will get in NL, that export to the UK. All the jobs involved.
According to our own estimates in NL,
made by our trusted CPB just before the referendum, our export to UK will go down with around 50% in a no-deal WTO + some FTA scenario. A softer Brexit would keep that damage at a 25% loss of export.
And why should I doubt an as such internal NL report nicely broken down to our exporting sectors, as guidance for all our many small companies in those sectors ?
Fear mongering towards our own companies ???