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The Brexit Thread (LOCKED)
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Cucking Funt  cpfc84  29 Jun 16 4.39am |
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| nickgusset Shizzlehurst 29 Jun 16 7.42am |
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Originally posted by Stirlingsays
No, at least 4 people had mentioned the drop, it was s joke. Look at the link that I put with the comment and you will see. Stop being so defensive. It's nearly the hols. Lighten up Mr Stirling.
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| Hoof Hearted 29 Jun 16 8.36am | |
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Originally posted by Mstrobez
Just out of interest what exactly do you think the deal is we can get? Like you seem fairly intelligent so I'm guessing you understand we are gonna have to take a hit somewhere? Also, I do find it quite frustrating when people say we will simply take our market elsewhere. Rebuilding an economy away from the single market will take a substantial amount of time and whilst I'm under the impression that eventually we will sort ourselves out, I don't particularly wanna wait to see the good days until I'm in my 40s! I always was on the fence but voted remain simply because I favoured a referendum in a few years down the line when someone I trusted a bit more lead the leave campaign, who had thought out a clear and realistic exit plan that wouldn't have any ill effects on the economy. I just do not think we are ready at all. Initially...... nothing. As I said the EU are bricking it and will play hard ball to put off any other dissenters. Trust me, the loss of £350M Gross per week from us, which equates to £8 Billion per annum will seriously fcuk up the EU economics. As soon as we start blocking the trade from EU countries into the UK (German Cars, French produce, wine, Italian Wine, Greek Olive Oil) as a tit for tat gesture, they will buckle first, or have open revolt from the people who will be affected... just like our people who have suffered from the effects of mass immigration. Oh and just in case anyone missed it, here is Nigel Farage's parting shot to the EU council.... That is how to deal with EU bureaucracy!
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| Hoof Hearted 29 Jun 16 8.49am | |
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Originally posted by Cucking Funt
Good piece from Allison Pearson in the Telegraph, in counter to all the blubbing from other representatives of the Fourth Estate. Excellent article. I wonder how much washing powder was used last Friday morning after all the bed wetting by Remain voters when they heard the News? BTW the dog that "howls to the news that Leave won" is actually reacting to the music his owner puts on his ipod player. My friends' dog does a similar thing to the Coronation St theme tune when it comes on the TV.
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Kermit8  Hevon 29 Jun 16 9.00am |
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Originally posted by Hoof Hearted
Excellent article. I wonder how much washing powder was used last Friday morning after all the bed wetting by Remain voters when they heard the News? BTW the dog that "howls to the news that Leave won" is actually reacting to the music his owner puts on his ipod player. My friends' dog does a similar thing to the Coronation St theme tune when it comes on the TV. It is a good article though very one-sided. She hasn't addressed the concerns of the 16,000,000 Remainers nor has she mentioned that plenty of those Remainers were also working class but she most certainly did not forget to mention the 42% AB1s voting 'Leave'. She's asking for unity yet bitching all the same. Plus, it was in the Woman's Section of The Telegraph! Funty?
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| Hoof Hearted 29 Jun 16 9.06am | |
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Originally posted by Kermit8
It is a good article though very one-sided. She hasn't addressed the concerns of the 16,000,000 Remainers nor has she mentioned that plenty of those Remainers were also working class but she most certainly did not forget to mention the 42% AB1s voting 'Leave'. She's asking for unity yet bitching all the same. Plus, it was in the Woman's Section of The Telegraph! Funty? Hahaha
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| fledgling Beckenham 29 Jun 16 10.32am |
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Originally posted by Hoof Hearted
Hi there.... Well I didn't enjoy my walk.... it started raining and I found a young dead squirrel in the road, poor thing. Took it to the woods and gave him a little send off bless him. I notice you said 'rarely' which gives me hope of seeing her lovely norks again in GoT. Right I don't believe you do have an agenda and are genuine. 1. Controlled Immigration. As members of the EU we cannot control numbers or quality. We have to admit anyone from an EU country who wants to come here. You asked for 5, I gave you 7. Over to Remain to give their 5 bullet points. Thanks Hoof, appreciate that.
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| Hoof Hearted 29 Jun 16 10.54am | |
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Originally posted by Rudi Hedman
I love the way the EU bureaucrats talk of 'punishing' the UK by insisting freedom of movement. So it's not a positive FOR US going by that language. Whereas Merkel is caught between the panicking bullies o the EU and the heads of German manufacturing. She's between a Rock Salmon and a hard Plaice. She wants the EU to succeed but will get an absolute roasting if Audi, VW, Mercedes, Porsche lose their UK export sales.... let alone all the other manufacturers. The UK is a big market for Germany. Somethings gotta give! We just need to hold our nerve.
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| OknotOK Cockfosters, London 29 Jun 16 11.06am |
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Originally posted by Hoof Hearted
Initially...... nothing. As I said the EU are bricking it and will play hard ball to put off any other dissenters. Trust me, the loss of £350M Gross per week from us, which equates to £8 Billion per annum will seriously fcuk up the EU economics. As soon as we start blocking the trade from EU countries into the UK (German Cars, French produce, wine, Italian Wine, Greek Olive Oil) as a tit for tat gesture, they will buckle first, or have open revolt from the people who will be affected... just like our people who have suffered from the effects of mass immigration. I don't see it happening - I think the EU is going to try and fcuk us over. Although I also don't see a mass exodus of banks etc to Frankfurt or Dublin or Paris if we do lose access to the single market.
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| npn Crowborough 29 Jun 16 11.15am |
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Originally posted by OknotOK
I don't see it happening - I think the EU is going to try and fcuk us over. Although I also don't see a mass exodus of banks etc to Frankfurt or Dublin or Paris if we do lose access to the single market. Farage and the EU deserve each other! Followed by Farage taking great pleasure in rubbing their noses in it with his "you're not laughing now" and "you've never had a job" stuff. To be honest, if my kids came home with tales like this from school, I'd be inclined to tell them to grow up, it's a shame that those people "in charge" see fit to behave that way. It helps nobody. Edited by npn (29 Jun 2016 11.16am)
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| Rudi Hedman Caterham 29 Jun 16 11.17am |
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Originally posted by npn
Farage and the EU deserve each other! Followed by Farage taking great pleasure in rubbing their noses in it with his "you're not laughing now" and "you've never had a job" stuff. To be honest, if my kids came home with tales like this from school, I'd be inclined to tell them to grow up, it's a shame that those people "in charge" see fit to behave that way. It helps nobody. Edited by npn (29 Jun 2016 11.16am) They euro kissed and joked at then end though.
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| jamiemartin721 Reading 29 Jun 16 11.35am |
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Originally posted by Rudi Hedman
I love the way the EU bureaucrats talk of 'punishing' the UK by insisting freedom of movement. So it's not a positive FOR US going by that language. Whereas Merkel is caught between the panicking bullies o the EU and the heads of German manufacturing. The EU's responsibility is not to us, but to its self, which is part of why we left. Its not bully or punishing really, its leverage. The EU knows the UK is better off economically as part of the EEA, and knows that if it allows the UK to avoid freedom of movement, that other EU members will want to do the same. Its not bullying, its how generally trade negotiations go, the strong exploit those in a weaker position. Its what we've done for centuries. The EU know they have a position of strength, and are doing exactly what we would do in the same place. For the EU, the best outcome is that the UK flounders and comes back into the fold, chastened.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| jamiemartin721 Reading 29 Jun 16 11.38am |
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Originally posted by OknotOK
I don't see it happening - I think the EU is going to try and fcuk us over. Although I also don't see a mass exodus of banks etc to Frankfurt or Dublin or Paris if we do lose access to the single market. Of course they are, its in their interest. They hold a strong hand, we're the player at the table who might be bluffing. We might see a mass exodus of banks, what we might need is look at how to mitigate that loss, such as setting up a bank of our own to compensate for those departures etc. (Note I don't know whether that would work).
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| jamiemartin721 Reading 29 Jun 16 11.40am |
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Originally posted by Hoof Hearted
She's between a Rock Salmon and a hard Plaice. She wants the EU to succeed but will get an absolute roasting if Audi, VW, Mercedes, Porsche lose their UK export sales.... let alone all the other manufacturers. The UK is a big market for Germany. Somethings gotta give! We just need to hold our nerve. Thing is, we need that trade too, its a game of chicken, granted they're in a bigger car, but neither of us can afford to collide either.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Rudi Hedman Caterham 29 Jun 16 11.46am |
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Originally posted by jamiemartin721
Of course they are, its in their interest. They hold a strong hand, we're the player at the table who might be bluffing. We might see a mass exodus of banks, what we might need is look at how to mitigate that loss, such as setting up a bank of our own to compensate for those departures etc. (Note I don't know whether that would work). The banks 'thinking' of leaving are and will be investment banks and clearing/middle/back office and operations, not retail. That is what came after the 2007/08 crisis, a split of wholesale and retail and securing the safety of retail in crises. Interesting that BNP Paribas (French) were one of the first to threaten leaving. It costs a lot of money moving to Frankfurt and they're assuming staff don't mind moving with family out of the most popular city in the world. You could also see the clearing and administration of trades moving to Germany but I don't see how it's necessary to do it just because we've left the EU. We never joined the Euro and those thousands of jobs never left the city. It actually kept growing.
He won't be able to instantly move it out of the city and he may not even be governing the French in a year anyway. 'London’s role in clearing trades in the $493 trillion derivatives market came into focus when the European Central Bank lost a court case with the U.K. last year. The ECB had sought to bring clearing under its regulatory control by shifting it to a euro-area country. Edited by Rudi Hedman (29 Jun 2016 12.02pm)
COYP |
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 Hrolf The Ganger 29 Jun 16 11.46am |
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Originally posted by jamiemartin721
The EU's responsibility is not to us, but to its self, which is part of why we left. Its not bully or punishing really, its leverage. The EU knows the UK is better off economically as part of the EEA, and knows that if it allows the UK to avoid freedom of movement, that other EU members will want to do the same. Its not bullying, its how generally trade negotiations go, the strong exploit those in a weaker position. Its what we've done for centuries. The EU know they have a position of strength, and are doing exactly what we would do in the same place. For the EU, the best outcome is that the UK flounders and comes back into the fold, chastened. But if so many members would want to restrict freedom of movement, then it must be a flawed policy.
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| Rudi Hedman Caterham 29 Jun 16 12.10pm |
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More bullying threats over the city by Hollande [Link] Speaking in Brussels on Tuesday night, French president Francois Hollande argued that now Britain has voted to leave the EU the City will no longer be able to clear euro-denominated trades, a key role of the Square Mile in the European currency markets. "The City, which thanks to the EU was able to handle clearing operations for the eurozone, will not be able to do them,” he said, according to a Financial Times report. “It can serve as an example for those who seek the end of Europe . . . It can serve as a lesson.” Hollande's view is one backed up by Germany's financial regulator, which has also said that London will no longer be the center of euro-denominated trading. The European Central Bank has wanted to stop British operations from clearing euros for many years, leading to a fierce court battle over the issue in 2015. However now that Britain is preparing to leave the EU, all bets are off. So there isn't any reason why we cannot clear trades in the city other than they don't want us to/punish us to show that “It can serve as an example for those who seek the end of Europe . . . It can serve as a lesson.” But you have to take seriously the possible movement of investment banks, if they are serious (The Morgan Stanley moving to Europe rumour was denied) The financial jobs exodus Uncertainty over the City of London's role as Europe's key financial hub, once the UK leaves the European Union, means that many banks are thought to be considering moving substantial numbers of staff away from their UK operations and to elsewhere on the continent. On Friday it was rumoured that Morgan Stanley is preparing to move thousands of staff out of Britain, a rumour that was denied. It is also thought that HSBC and JP Morgan are among the banks that could send UK-based staff elsewhere in the aftermath of Brexit. Business Insider's Matt Turner has a handy chart to show just what banks may do in terms of UK staff. "US global banks are likely to start strategically implementing parts of their contingency plans rather than wait for trade and service arrangements to be agreed," ratings agency Fitch said in a note on Tuesday. Edited by Rudi Hedman (29 Jun 2016 12.11pm)
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| OknotOK Cockfosters, London 29 Jun 16 12.22pm |
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Originally posted by Rudi Hedman
The financial jobs exodus Uncertainty over the City of London's role as Europe's key financial hub, once the UK leaves the European Union, means that many banks are thought to be considering moving substantial numbers of staff away from their UK operations and to elsewhere on the continent. On Friday it was rumoured that Morgan Stanley is preparing to move thousands of staff out of Britain, a rumour that was denied. It is also thought that HSBC and JP Morgan are among the banks that could send UK-based staff elsewhere in the aftermath of Brexit. Business Insider's Matt Turner has a handy chart to show just what banks may do in terms of UK staff. "US global banks are likely to start strategically implementing parts of their contingency plans rather than wait for trade and service arrangements to be agreed," ratings agency Fitch said in a note on Tuesday. Edited by Rudi Hedman (29 Jun 2016 12.11pm) It could happen. But I don't see it myself. Some of the front office staff might move but the employment regulations are so much tighter across the continent that organisations that like to have "flexible" staffing will be very reluctant. It takes months more to get rid of staff, if it can be done at all in France, Germany, Italy, etc. Redundancy packages are negotiable and can be rejected. I know one relatively senior guy who had it in his contract he could only be sacked on two days a year (30 June, 31 December), in person, and in the office. He was allowed to take those two days off on holiday though so could prevent himself from ever being sacked. And even if they did he had a years notice! Banks do not want to move staff to the continent if they can avoid it. But if passporting is not agreed then they will look for alternatives. Dublin, Frankfurt, and Edinburgh (if they go independent and join again) would be the obvious options. But Dublin and Edinburgh don't have the infrastructure to take on thousands of more people. And they're both already really expensive cities - it would become prohibitively so.
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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