The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
///ajd said:
Dindoit said:
Why are you both asking inane questions? If you have a problem with the data take it up with Sky News. All I did was link to the story which shows manufacturing output is down.
Because they are terrified of any bad news that maybe related to Brexit.
Oh, and 'may be' is two words, not one, in this context.
You'll get there one day!
Perhaps.
///ajd said:
Dindoit said:
Why are you both asking inane questions? If you have a problem with the data take it up with Sky News. All I did was link to the story which shows manufacturing output is down.
Because they are terrified of any bad news that maybe related to Brexit.
You answer the question that Dindoit refused to then!
http://www.bbc.co.uk/news/business-38245646
Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Jimboka said:
http://www.bbc.co.uk/news/business-38245646
Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Well they're going to need all the expertise they can get aren't they. They've got plenty to sort out.Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Jimboka said:
http://www.bbc.co.uk/news/business-38245646
Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
The continentals have been striving to compete with the UK's premier position in the financial world for decades, and now the quitters are handing it to them on a plate.Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Independence for London!
gruffalo said:
Didn't a load of French bankers move over to London a few years ago because of the income tax burden in France, has that changed now then?
Wasn't the tax burden courtesy of Hollande, who is now more than halfway out the door?Anyway, looking forward to the usual suspects tell us that it's all MSM lies and no bankers are leaving or will leave/it doesn't matter if they do because it's the reason we've long needed to invest heavily in our fishing industry and once again make Britain the fishing capital of the world/we can easily build up our manufacturing industry and out-compete those lazy feckless SE Asian types when I comes to mass producing consumer goods.
The counterweight trotted out to losing business and tax income like this is (genuinely) "other businesses aren't leaving though!". That's all right then! And the Govt solution is to borrow and spend our way out [sic] of trouble. Ideal!
Greg66 said:
Wasn't the tax burden courtesy of Hollande, who is now more than halfway out the door?
Anyway, looking forward to the usual suspects tell us that it's all MSM lies and no bankers are leaving or will leave/it doesn't matter if they do because it's the reason we've long needed to invest heavily in our fishing industry and once again make Britain the fishing capital of the world/we can easily build up our manufacturing industry and out-compete those lazy feckless SE Asian types when I comes to mass producing consumer goods.
The counterweight trotted out to losing business and tax income like this is (genuinely) "other businesses aren't leaving though!". That's all right then! And the Govt solution is to borrow and spend our way out [sic] of trouble. Ideal!
Do you honestly expect financial services companies NOT to investigate the feasibility of setting up offices in other jurisdictions while the impact and outcome from the Brexit negotiations is still unknown? Plus setting up an office is quite different from relocating a main office...Anyway, looking forward to the usual suspects tell us that it's all MSM lies and no bankers are leaving or will leave/it doesn't matter if they do because it's the reason we've long needed to invest heavily in our fishing industry and once again make Britain the fishing capital of the world/we can easily build up our manufacturing industry and out-compete those lazy feckless SE Asian types when I comes to mass producing consumer goods.
The counterweight trotted out to losing business and tax income like this is (genuinely) "other businesses aren't leaving though!". That's all right then! And the Govt solution is to borrow and spend our way out [sic] of trouble. Ideal!
Put it another way:
- do you expect banks to relocate a significant part of their operations before the terms of the Brexit deal are announced?
- do you expect banks to do nothing until the terms of Brexit are announced and only then to start investigating their options?
- do you expect banks to make massive changes to their office locations if the outcome of the Brexit negotiations means that they can continue to operate from the UK base?
walm said:
dandarez said:
///ajd said:
Because they are terrified of any bad news that may be related to Brexit.
AND because YOU are terrified of any GOOD news that may be related to Brexit. My take is that all who have said Brexit may create adverse conditions are definitely correct; it may, there are multiple, potential reasons. It is likely. However, we're talking about a whole country and a whole future here. So the really, really important stuff the the extrapolation of where it will be in five and ten years time. That's far more complex and far less easily resolved in such simple terms. A lot can and will change, not only in the UK and the EU, but also in the ROW.
walm said:
PRTVR said:
EarlOfHazard said:
When at an airport, buying duty free, it's cheaper to purchase items if flying out of the EU. Quite a small aspect of the bigger picture of course; but does this mean that we'll pay less when buying duty free items?
Actually it is not cheaper if flying outside the EU, the airport's argue that they sell things cheaper for everybody, but it is a con, the price should reflect the tax payable by the individual passenger, when we leave it should be cheaper for all.Because the retailer is the one who pays the VAT in the end.
So everyone pays £12 for that "I heart London" T-shirt and if you are travelling to the EU, the retailer pays HMRC £2 and if outside it pays nothing but makes a tasty extra £2 on the deal.
Esseesse said:
Anyway, in theory after leaving the EU duty free will actually be duty free again and cheaper.
In the early 90's, where we were on in the Midlands, this really, really dodgy, seedy-looking bloke in a w
ked-out old camper van used to blatantly booze cruise and sell cheap beer and fags around the industrial estates. Intervals were random - for obvious reasons - but it was a thing for quite some time and he did a roaring trade, especially on fags.Digga said:
My take is that all who have said Brexit may create adverse conditions are definitely correct; it may, there are multiple, potential reasons. It is likely. However, we're talking about a whole country and a whole future here. So the really, really important stuff the the extrapolation of where it will be in five and ten years time. That's far more complex and far less easily resolved in such simple terms. A lot can and will change, not only in the UK and the EU, but also in the ROW.
Sum up what the thread should be about!Jimboka said:
http://www.bbc.co.uk/news/business-38245646
Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
Seriously...how many times do we need these stories. They've been doing it for years and no-one has gone...and there's a very good reasons for it. Looks like Brexit is one way of getting rid of those nasty millionaire bankers .
The French & Germans can't believe their luck, getting their own back after we lured these highly skilled / highly paid jobs to London ..
But don't worry...i'm sure we will get one of these a month for you to enjoy and think actually means something.
sidicks said:
Greg66 said:
Wasn't the tax burden courtesy of Hollande, who is now more than halfway out the door?
Anyway, looking forward to the usual suspects tell us that it's all MSM lies and no bankers are leaving or will leave/it doesn't matter if they do because it's the reason we've long needed to invest heavily in our fishing industry and once again make Britain the fishing capital of the world/we can easily build up our manufacturing industry and out-compete those lazy feckless SE Asian types when I comes to mass producing consumer goods.
The counterweight trotted out to losing business and tax income like this is (genuinely) "other businesses aren't leaving though!". That's all right then! And the Govt solution is to borrow and spend our way out [sic] of trouble. Ideal!
Do you honestly expect financial services companies NOT to investigate the feasibility of setting up offices in other jurisdictions while the impact and outcome from the Brexit negotiations is still unknown? Plus setting up an office is quite different from relocating a main office...Anyway, looking forward to the usual suspects tell us that it's all MSM lies and no bankers are leaving or will leave/it doesn't matter if they do because it's the reason we've long needed to invest heavily in our fishing industry and once again make Britain the fishing capital of the world/we can easily build up our manufacturing industry and out-compete those lazy feckless SE Asian types when I comes to mass producing consumer goods.
The counterweight trotted out to losing business and tax income like this is (genuinely) "other businesses aren't leaving though!". That's all right then! And the Govt solution is to borrow and spend our way out [sic] of trouble. Ideal!
Put it another way:
- do you expect banks to relocate a significant part of their operations before the terms of the Brexit deal are announced?
- do you expect banks to do nothing until the terms of Brexit are announced and only then to start investigating their options?
- do you expect banks to make massive changes to their office locations if the outcome of the Brexit negotiations means that they can continue to operate from the UK base?
Your questions:
- maybe. It depends.
- of course not; never have, see above.
- probably not. That's a big "If" though. How confident are you that it will go our way? Because banks and businesses more generally like certainty. And if there is uncertainty in jurisdiction A, where they are, but certainty in jurisdiction B, where they could be, it makes sense to hedge against the risk of that uncertainty by shifting some operations to B. If the uncertainty in A resolves itself favourably to keeping business in A, how much of the business that has been moved to B pending that resolution do you think will be moved back. Not much, is my guess.
Perhaps not the right questions to ask.
walm said:
Digga said:
My take is that all who have said Brexit may create adverse conditions are definitely correct; it may, there are multiple, potential reasons. It is likely. However, we're talking about a whole country and a whole future here. So the really, really important stuff the the extrapolation of where it will be in five and ten years time. That's far more complex and far less easily resolved in such simple terms. A lot can and will change, not only in the UK and the EU, but also in the ROW.
Sum up what the thread should be about!FN2TypeR said:
Any big business with an interest in making money that moves to France is clearly being run by abject chumps.
Ireland would be my bet if any were to leave - although their economy is tied up quite heavily with the UK one which could lead to uncertainty there too.
This was my first thought of; why France? Why Paris? It would be the last place to relocate to, simply to stay within the EU.Ireland would be my bet if any were to leave - although their economy is tied up quite heavily with the UK one which could lead to uncertainty there too.
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