Comments

  • TTonyTTony Frets: 27343
    1.  That's old news.  At least a month old.
    http://www.independent.co.uk/news/business/news/brexit-lloyds-of-london-insurance-market-brokers-move-eu-base-business-2017-a7476566.html

    2.  Of course "it" begins.  Every and any organisation that has any trade with the EU has a duty to consider options and make contingency plans.

    3.  But that's all it is really.  A bit of what-if scenario planning.

    yawn.
    Having trouble posting images here?  This might help.
    1reaction image LOL 0reaction image Wow! 1reaction image Wisdom
  • valevale Frets: 1052
    http://www.independent.co.uk/news/business/news/brexit-guy-hands-says-cut-wages-30-percent-twenty-years-private-equity-a7540986.html

    "Guy Hands, chairman of Terra Firma, one of Europe's largest private equity groups, warned that the country will have to get rid of much of its social safety net and may see a 30 per cent decline in wages in real terms in the next 20 years to enable it to compete outside of Europe."

    unless UK is contemplating ditching freemarket capitalism (i wish) then the wishes & views & demands of people like this will continue to be prioritised by any mainstream british government before the fundamental social needs of the british public.
    the state needs money and these are the people lending money, on their terms. those terms are laid out clearly in his statement and are representative of his industry.

    brexit doesn't change the way the world works. you can leave the eu but you can't leave economic reality. waving a flag and waving a magic wand are two different things, tinkerbells!



    hofner hussie & hayman harpie. what she said...
    0reaction image LOL 0reaction image Wow! 0reaction image Wisdom
  • TTony said:
    1.  That's old news.  At least a month old.
    http://www.independent.co.uk/news/business/news/brexit-lloyds-of-london-insurance-market-brokers-move-eu-base-business-2017-a7476566.html

    2.  Of course "it" begins.  Every and any organisation that has any trade with the EU has a duty to consider options and make contingency plans.

    3.  But that's all it is really.  A bit of what-if scenario planning.

    yawn.
    That's not strictly true. The article you linked is misleading; the actual text says they were putting together a proposal to be used "unless the Government can provide “clarity” about the UK’s future relationship with the EU". The one @fretmeister linked says they're actually going to do it.

    I don't think this is something to be blasé about. Corporate taxes are going to drop, so if we lose a significant part of a very localised sector which accounts for 12% of our GDP (eg a lot of the major banks move their HQs when we inevitably lose passporting)...where's the shortfall going to hit? The options are limited...income tax, the pension fund, public services or all three.

    Certainly in the short-to-medium term, that's going to hurt people quite a bit.
    <space for hire>
    0reaction image LOL 0reaction image Wow! 3reaction image Wisdom
  • FretwiredFretwired Frets: 24601
    Rubbish. Lloyds of London isn't going anywhere.

    I spent the best part of last week judging business for a business awards programme - very dull and very boring and nothing to do with Brexit. Except that in forums I had some discussions with some German businesses. One was a multi-billion Euro manufacturing company which values the UK market. The CEO stated that German business has lobbied for unfettered access to the UK market but doesn't care if it never happens. Why? He thinks that the UK will get trade agreements outside the EU in which case he'll open a bloody big factory in the UK. He is pissed off with the EU and the lack of trade deals - sure you can sell stuff but there are tariffs and quotas.

    He also thinks that BMW will open another factory in the UK to make cars - they already make the Mini and engines for the 1, 2 and 3 series models. And his wife works for a big German pension company - they are opening up an office in London.

    Funny how we only get fed one-sided shit. The German government has moved and warned the EU not to punish the UK. All to play for .. banks may move but Lloyds of London won't. Google is your friend as to why.

    Remember, it's easier to criticise than create!
    0reaction image LOL 0reaction image Wow! 1reaction image Wisdom
  • thebreezethebreeze Frets: 2797
    Fretwired said:

    Funny how we only get fed one-sided shit. 
    I suppose you're referring to the relentless, one-sided, drip-drip, scare-mongering of most of the British press, who have spent years misinforming the public about the EU. 
    0reaction image LOL 0reaction image Wow! 3reaction image Wisdom
  • FretwiredFretwired Frets: 24601
    edited January 2017
    thebreeze said:
    Fretwired said:

    Funny how we only get fed one-sided shit. 
    I suppose you're referring to the relentless, one-sided, drip-drip, scare-mongering of most of the British press, who have spent years misinforming the public about the EU. 
    Actually not - more the experts, business people and politicians with an axe to grind in the UK and abroad. A good example is the IMF which has had to apologise twice about poor forecasts. Even the Bank of England has had to revise it's forecast. And now we have tax dodging Richard Branson who is launching a campaign to stay - he's motivated by his own business interests.

    Remember, it's easier to criticise than create!
    0reaction image LOL 0reaction image Wow! 0reaction image Wisdom
  • 57Deluxe57Deluxe Frets: 7329
    yeah, but when they all gone off to Euro Disney and Trump breaks any deals with them, they will all be rushing back....
    <Vintage BOSS Upgrades>
    __________________________________
    0reaction image LOL 0reaction image Wow! 0reaction image Wisdom
  • quarkyquarky Frets: 2777
    I think there is a lot of FUD on both sides, which isn't surprising considering where we are. Still, there seem to be a lot more portents of doom rather than dreams of unbridled wealth and success. 

    A few things are clear though, is that if we are talking economics, the EU hasn't been a huge success, and with the Euro, that is unlikely to change in the short/medium term unless there are major changes. And global tariffs have been on a downwards trend for decades, meaning that the cost of dealing with the EU, from outside the EU (and therefore the advantage of "free trade" with the EU) has been declining for a long time. We also know that even within the EU, there has been a shift eastwards of manufacturing to where land and wages are lower, and that will continue to happen if we stay the in EU as well.

    As for where we end up and how, you would need a crystal ball to know exactly how it will all play out, but business doesn't stop. Jobs, factories and offices have been moving for years despite EU membership.
    0reaction image LOL 0reaction image Wow! 1reaction image Wisdom
Sign In or Register to comment.