The economic consequences of Brexit

The economic consequences of Brexit

Poll: The economic consequences of Brexit

Total Members Polled: 732

Far worse off than EU countries.: 15%
A bit worse off than if we'd stayed in.: 35%
A bit better off than if we'd stayed in.: 41%
Roughly as rich as the Swiss.: 10%
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Discussion

Borghetto

3,274 posts

182 months

Saturday 24th September 2016
quotequote all
The Brexit vote was the perfect opportunity to dump Juncker, but of course it was not taken. So the EU is still being guided by a drunk who is an Anglophobe; why would we vote to rejoin.

anonymous-user

53 months

Saturday 24th September 2016
quotequote all
http://www.telegraph.co.uk/news/2016/09/24/brexit-...

Any positive spin on this from our resident Colonel Blimps?

rs1952

5,247 posts

258 months

Saturday 24th September 2016
quotequote all
Greg66 said:
http://www.telegraph.co.uk/news/2016/09/24/brexit-...

Any positive spin on this from our resident Colonel Blimps?
Hang on - these people are experts, and we've all had enough of experts, haven't we?

Clearly more Project Fear

And just think of all the fish we'll have wink

///ajd

8,964 posts

205 months

Saturday 24th September 2016
quotequote all
Greg66 said:
http://www.telegraph.co.uk/news/2016/09/24/brexit-...

Any positive spin on this from our resident Colonel Blimps?
That is pretty stark. I'm not surprised they don't want to wait and want certainty now. Who can blame them?

I wonder where the 80,000 relocated city jobs number comes from?

Its a bit of a worry that Hammond is now warning that passporting may not be secured.

Asked about possible transitional controls, a senior EU official shrugged and smiled, adding: “Why would we? What’s in it for us?”

This could get unpleasant relatively quickly if the govt is not careful.


anonymous-user

53 months

Saturday 24th September 2016
quotequote all
///ajd said:
That is pretty stark. I'm not surprised they don't want to wait and want certainty now. Who can blame them?

I wonder where the 80,000 relocated city jobs number comes from?

Its a bit of a worry that Hammond is now warning that passporting may not be secured.

Asked about possible transitional controls, a senior EU official shrugged and smiled, adding: “Why would we? What’s in it for us?”

This could get unpleasant relatively quickly if the govt is not careful.
Oh well, let's roll over then if the banks are threatening us now?

Btw is that the same Goldman Sachs whose Chariman is ex EU President José Manuel Barroso? No surprise in their attitude then.

anonymous-user

53 months

Saturday 24th September 2016
quotequote all
They won't get any clarification of what the outcome will be and they know that's the case.

So the question is, what's the real reason for the story?

There has been a continuous shrinking of headcount in the city for years and that will continue as technology changes.

Story from 2013 http://www.telegraph.co.uk/finance/newsbysector/ba...

///ajd

8,964 posts

205 months

Saturday 24th September 2016
quotequote all
REALIST123 said:
///ajd said:
That is pretty stark. I'm not surprised they don't want to wait and want certainty now. Who can blame them?

I wonder where the 80,000 relocated city jobs number comes from?

Its a bit of a worry that Hammond is now warning that passporting may not be secured.

Asked about possible transitional controls, a senior EU official shrugged and smiled, adding: “Why would we? What’s in it for us?”

This could get unpleasant relatively quickly if the govt is not careful.
Oh well, let's roll over then if the banks are threatening us now?

Btw is that the same Goldman Sachs whose Chariman is ex EU President José Manuel Barroso? No surprise in their attitude then.
I think that depends.

If you think a sizable chunk of £60Bn in taxes might realistically do a runner, might it affect your plans?

Ignoring such a risk would not seem to be in the best interests of the UK.



Leroy902

1,539 posts

102 months

Saturday 24th September 2016
quotequote all
Who cares, leave Europe, get rid of bankers. It's a win win in my eyes.

sidicks

25,218 posts

220 months

Saturday 24th September 2016
quotequote all
Leroy902 said:
Who cares, leave Europe, get rid of bankers. It's a win win in my eyes.
Ignorance is no defence...

anonymous-user

53 months

Saturday 24th September 2016
quotequote all
///ajd said:
I think that depends.

If you think a sizable chunk of £60Bn in taxes might realistically do a runner, might it affect your plans?

Ignoring such a risk would not seem to be in the best interests of the UK.
Once again you post the same nonsense that should the UK based finance sector not retain the status quo we lose all income from the city.

Give it a rest, it's beyond tired now.

anonymous-user

53 months

Saturday 24th September 2016
quotequote all
Leroy902 said:
Who cares, leave Europe, get rid of bankers. It's a win win in my eyes.
But won't somebody please think of the fish!

///ajd

8,964 posts

205 months

Saturday 24th September 2016
quotequote all
Greg66 said:
Leroy902 said:
Who cares, leave Europe, get rid of bankers. It's a win win in my eyes.
But won't somebody please think of the fish!
smile


///ajd

8,964 posts

205 months

Saturday 24th September 2016
quotequote all
jsf said:
///ajd said:
I think that depends.

If you think a sizable chunk of £60Bn in taxes might realistically do a runner, might it affect your plans?

Ignoring such a risk would not seem to be in the best interests of the UK.
Once again you post the same nonsense that should the UK based finance sector not retain the status quo we lose all income from the city.

Give it a rest, it's beyond tired now.
Sizable chunk does not equal all.

Do you think if its not 100% its not an issue? What about 5% / 10% / 15% of £60Bn? Care about that? That could be getting on for £350m/week for the NHS - I remember that being on your big-red-lie-bus.

I don't see why anyone should give it a rest, go somewhere else if you don't want to discuss brexit reality.





Garvin

5,157 posts

176 months

Saturday 24th September 2016
quotequote all
Digga said:
walm said:
Burwood said:
Thanks for the link Andy. Interesting that 43% of the Remain vote was because they were worried about the economic impact. And nothing much happened despite the best efforts of the Govt/BOE to put the frighteners up us.
Yet.
^This. In reality no one knows. We have roughly 30 months to find out.

Hands inside the car, no screaming.
Yes, this. Currently we are slowly being wound up the steep slope and all remains calm. When up at the top someone will pull the Article 50 lever and the real 24 month 'ride of a lifetime' excitement will begin!

Murph7355

37,651 posts

255 months

Saturday 24th September 2016
quotequote all
jsf said:
They won't get any clarification of what the outcome will be and they know that's the case.

So the question is, what's the real reason for the story?

There has been a continuous shrinking of headcount in the city for years and that will continue as technology changes.

Story from 2013 http://www.telegraph.co.uk/finance/newsbysector/ba...
The heads of the banks are just wanting some inside track as usual. And I agree that they aren't going to get it (and nor should they).

The point about the City contracting is spot on. As a nation we should have been planning for this for some time already.

Time will tell what ends up being negotiated. And what other external influences will also impact the direction of the wind.

///ajd said:
... That could be getting on for £350m/week for the NHS - I remember that being on your big-red-lie-bus.
You might want to learn to read. Or check with your doctor about your short term memory. It didn't actually say that.

///ajd

8,964 posts

205 months

Saturday 24th September 2016
quotequote all
Murph7355 said:
///ajd said:
... That could be getting on for £350m/week for the NHS - I remember that being on your big-red-lie-bus.
You might want to learn to read. Or check with your doctor about your short term memory. It didn't actually say that.
Ah, a technicality.

This...



...coupled with this...



...makes the intended meaning pretty clear.

Oh look - that's two current ministers promoting a confirmed untruth.

"Lets give the NHS the £350 million the EU takes every week" is pretty unequivocal.







Ridgemont

6,488 posts

130 months

Saturday 24th September 2016
quotequote all
Apparently I'm going to be £4300 worse off according to George Osborne. So tell us how leave were the only party pulling bks out of thin air?

JawKnee

1,140 posts

96 months

Saturday 24th September 2016
quotequote all
Has this been done yet?

http://www.telegraph.co.uk/news/2016/09/24/brexit-...

More than a bit concerning if the government fk this one up.

Ridgemont

6,488 posts

130 months

Saturday 24th September 2016
quotequote all
JawKnee said:
Has this been done yet?

http://www.telegraph.co.uk/news/2016/09/24/brexit-...

More than a bit concerning if the government fk this one up.
Many many times. We know that the city is concerned about passporting. We know because ajd wibbles about it 2 or 3 times a day.

Nobody currently knows which way the gov is planning to go re EEA or WTO with bells. As a result we're pretty much as we were 3 months ago...


B'stard Child

28,324 posts

245 months

Sunday 25th September 2016
quotequote all
Ridgemont said:
Apparently I'm going to be £4300 worse off according to George Osborne. So tell us how leave were the only party pulling bks out of thin air?
and if we vote to leave a punishment budget the day after

And a plague of locusts (see note)










Note - OK so they never used that one - still quite disappointed about that cos it really was the only thing the remain campaign didn't throw at us

But that 350 Million suggestion to fund the NHS - yep that was a whopper.............

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