<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>lucozade</author><text>&amp;gt; They did not because they actually did not want to be regulated by EU&lt;p&gt;That&amp;#x27;s not how banking regulation works though. If a bank wants to do business in the EU, and all the big banks do, then they have to have entities regulated by the relevant EU regulators. Prior to Brexit, it was ok for a bank to be regulated by the PRA or FCA to trade in the EU. Post Brexit, they need to have entities with banking licenses that are subject to EU regulators.&lt;p&gt;And that&amp;#x27;s what they did: they set up banking entities in Germany, France, Ireland etc. And they moved&amp;#x2F;hired staff into those countries to support that activity (if they weren&amp;#x27;t there already).&lt;p&gt;They didn&amp;#x27;t wholesale move out of London for 2 reasons: The UK is a big market and there is a large pool of skilled people in London that it wouldn&amp;#x27;t make sense to ignore.&lt;p&gt;&amp;gt; Real Brexiteers were bankers&lt;p&gt;Right. Bankers famously want their ill gotten gains to go to taxation, duty and red tape rather than into their own pockets. They lobby hard for extra regulation, multiple, diverse, enforcement regimes and multiple, diverse taxation regimes. They also want their customers&amp;#x27; money to be going to taxation, duty and red tape so that they can&amp;#x27;t spend it on banking services. Because bankers are famously altruistic like that.&lt;p&gt;To paraphrase Pauli, the idea that the finance sector, esp in the UK, wanted Brexit is not even wrong.</text><parent_chain><item><author>ozim</author><text>Real Brexiteers were bankers.&lt;p&gt;There were rumors that because UK is leaving many banks from London City will move to Germany or Belgium or the Netherlands.&lt;p&gt;They did not because they actually did not want to be regulated by EU and UK can serve rich people better while poor people got it worse.&lt;p&gt;Under the guise that poor less educated people wanted brexit… where they were brainwashed.</text></item><item><author>PlutoIsAPlanet</author><text>Don&amp;#x27;t tell the Brexiteers</text></item><item><author>realusername</author><text>That&amp;#x27;s called the Brussels effect and I&amp;#x27;m not sure why it&amp;#x27;s still relatively unknown. The EU has a massive influence on standards all around the world</text></item><item><author>oblio</author><text>Hacker news: the place where Americans find out about current and future EU legislation through the lens of propaganda from American corporations.</text></item></parent_chain></comment><story><title>From 0/10 to 8/10: Microsoft Puts Repair Front and Center</title><url>https://www.ifixit.com/News/96998/from-0-10-to-8-10-microsoft-puts-repair-front-and-center</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>alt227</author><text>Which might be true if they werent all now leaving&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2024&amp;#x2F;06&amp;#x2F;18&amp;#x2F;business&amp;#x2F;uk-millionaires-loss-record&amp;#x2F;index.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2024&amp;#x2F;06&amp;#x2F;18&amp;#x2F;business&amp;#x2F;uk-millionaires-...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.ft.com&amp;#x2F;content&amp;#x2F;383587ee-5b31-4549-9392-2f0b4612ef8b&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.ft.com&amp;#x2F;content&amp;#x2F;383587ee-5b31-4549-9392-2f0b4612e...&lt;/a&gt;</text><parent_chain><item><author>ozim</author><text>Real Brexiteers were bankers.&lt;p&gt;There were rumors that because UK is leaving many banks from London City will move to Germany or Belgium or the Netherlands.&lt;p&gt;They did not because they actually did not want to be regulated by EU and UK can serve rich people better while poor people got it worse.&lt;p&gt;Under the guise that poor less educated people wanted brexit… where they were brainwashed.</text></item><item><author>PlutoIsAPlanet</author><text>Don&amp;#x27;t tell the Brexiteers</text></item><item><author>realusername</author><text>That&amp;#x27;s called the Brussels effect and I&amp;#x27;m not sure why it&amp;#x27;s still relatively unknown. The EU has a massive influence on standards all around the world</text></item><item><author>oblio</author><text>Hacker news: the place where Americans find out about current and future EU legislation through the lens of propaganda from American corporations.</text></item></parent_chain></comment><story><title>From 0/10 to 8/10: Microsoft Puts Repair Front and Center</title><url>https://www.ifixit.com/News/96998/from-0-10-to-8-10-microsoft-puts-repair-front-and-center</url></story>