Could or should the city be sacrificed for good brexit deal??
Discussion
Whoozit said:
julian64 said:
. We were effectively happy to have London earn all the money for simply shoving bits of paper around and trading the price of coffee twenty times while it was in transit.
Don't be rude. I've spent 23 years in the City doing nothing but assist companies list on the London Stock Exchange and others. Thereby providing capital to companies in need of equity, helping shareholders to exit and reinvest in other companies, and fund managers to buy assets that make up our pensions. Stop tarring the entire enterprise with the same brush. Yes, some activity was economically and morally unacceptable. Regulators and society have pushed back on those. Banks are now scared of their own shadows and there is now not a European bank able to hold its own against the Americans. The damage caused by this, will impact UK and European economies for decades to come.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
SidewaysSi said:
Exactly. The UK doesn't really have much in the way of competitive advantage other than in financial services. Thinking a small country will somehow become a world beater at anything overnight (or even within 20 years) is deluded.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
Pretty much. I'd add research and higher education to the list. Whether people like it or not, financial services in London does benefit everyone living in the UK.
SidewaysSi said:
Exactly. The UK doesn't really have much in the way of competitive advantage other than in financial services. Thinking a small country will somehow become a world beater at anything overnight (or even within 20 years) is deluded.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
'ARM' Worldbeater, and nothing to do with financial services, and just happens to be right in front of you on the TV. Don't be so blinkeredWhether people like it or not, financial services in London does benefit everyone living in the UK.
SidewaysSi said:
Whoozit said:
julian64 said:
. We were effectively happy to have London earn all the money for simply shoving bits of paper around and trading the price of coffee twenty times while it was in transit.
Don't be rude. I've spent 23 years in the City doing nothing but assist companies list on the London Stock Exchange and others. Thereby providing capital to companies in need of equity, helping shareholders to exit and reinvest in other companies, and fund managers to buy assets that make up our pensions. Stop tarring the entire enterprise with the same brush. Yes, some activity was economically and morally unacceptable. Regulators and society have pushed back on those. Banks are now scared of their own shadows and there is now not a European bank able to hold its own against the Americans. The damage caused by this, will impact UK and European economies for decades to come.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
king whistle!Small business rules and always has here.
We don't shout about it, because we're too busy.
Talking of whistles and your snide remark at how could we possibly ever become a world beater 'at anything'...?
Have a snigger first.
'Acme Whistles' that sounds like a small business dream, eh?
Simon Topman, now there is a small businessman with a brain: Hurdles are always in front of small businesses, just get over that hurdle, or go under it, or round the side ...get the pic?
He survived the recession and kept on a steady course through good economic times and bad, growing the business significantly in the last 26 years and establishing a worldwide reputation for quality and innovation.
Still laughing?
Today, Acme produces six million whistles in 83 varieties – exporting them to 119 countries around the world which accounts for 85% of nearly £10 million turnover.
Yeah, in the scheme of things, not big. BUT its just for a f
king whistle, that's all!Hundreds, thousands of us are like that in small business.
Does Simon worry about not being in the EU? Like f
k he does, that's why he voted out. He has only one worldwide worry, like many of us, China, impossible to compete against, unless you're mad. But he exports loads of his whistles there too.
'China: they watch us like bloody hawks he says. If it can be copied, they'll copy.' But so far he outwits them. He's clever, that's why.
And there are thousands of others small businesses like it in the UK. They just don't crow about it. They're too f
king busy making and selling! Not moaning like the bloody money pushers.dandarez said:
And there are thousands of others small businesses like it in the UK. They just don't crow about it. They're too fking busy making and selling! Not moaning like the bloody money pushers.
And most of the small business owners I speak to don't want to leave the EU and don't need the hassle doing so will inevitably bring, the ones with a predominantly UK market are struggling with USD exchange rates and those of us who export to the EU don't need the uncertainty.king busy making and selling! Not moaning like the bloody money pushers.julian64 said:
'ARM' Worldbeater, and nothing to do with financial services, and just happens to be right in front of you on the TV. Don't be so blinkered
You've just made the argument against you comprehensively. ARM's been around for 25 years. It has a *turnover* of just under £1 billion. Net income of £339 million. Tax take obviously very much smaller than that.
You need a lot of ARM companies to replace what the City contributes. A lot. And a lot of time. Decades. Literally.
dandarez said:
SidewaysSi said:
Whoozit said:
julian64 said:
. We were effectively happy to have London earn all the money for simply shoving bits of paper around and trading the price of coffee twenty times while it was in transit.
Don't be rude. I've spent 23 years in the City doing nothing but assist companies list on the London Stock Exchange and others. Thereby providing capital to companies in need of equity, helping shareholders to exit and reinvest in other companies, and fund managers to buy assets that make up our pensions. Stop tarring the entire enterprise with the same brush. Yes, some activity was economically and morally unacceptable. Regulators and society have pushed back on those. Banks are now scared of their own shadows and there is now not a European bank able to hold its own against the Americans. The damage caused by this, will impact UK and European economies for decades to come.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
king whistle!Small business rules and always has here.
We don't shout about it, because we're too busy.
Talking of whistles and your snide remark at how could we possibly ever become a world beater 'at anything'...?
Have a snigger first.
'Acme Whistles' that sounds like a small business dream, eh?
Simon Topman, now there is a small businessman with a brain: Hurdles are always in front of small businesses, just get over that hurdle, or go under it, or round the side ...get the pic?
He survived the recession and kept on a steady course through good economic times and bad, growing the business significantly in the last 26 years and establishing a worldwide reputation for quality and innovation.
Still laughing?
Today, Acme produces six million whistles in 83 varieties – exporting them to 119 countries around the world which accounts for 85% of nearly £10 million turnover.
Yeah, in the scheme of things, not big. BUT its just for a f
king whistle, that's all!Hundreds, thousands of us are like that in small business.
Does Simon worry about not being in the EU? Like f
k he does, that's why he voted out. He has only one worldwide worry, like many of us, China, impossible to compete against, unless you're mad. But he exports loads of his whistles there too.
'China: they watch us like bloody hawks he says. If it can be copied, they'll copy.' But so far he outwits them. He's clever, that's why.
And there are thousands of others small businesses like it in the UK. They just don't crow about it. They're too f
king busy making and selling! Not moaning like the bloody money pushers.Greg66 said:
julian64 said:
'ARM' Worldbeater, and nothing to do with financial services, and just happens to be right in front of you on the TV. Don't be so blinkered
You've just made the argument against you comprehensively. ARM's been around for 25 years. It has a *turnover* of just under £1 billion. Net income of £339 million. Tax take obviously very much smaller than that.
You need a lot of ARM companies to replace what the City contributes. A lot. And a lot of time. Decades. Literally.
The founders were behind the BBC Micro, and the Archimedes that gave birth to the reduced instruction set ARM chip - its descendents are now in your iphone. British engineering at its best, with pretty much one man in a shed origins (now a woman of course
).dandarez said:
SidewaysSi said:
Whoozit said:
julian64 said:
. We were effectively happy to have London earn all the money for simply shoving bits of paper around and trading the price of coffee twenty times while it was in transit.
Don't be rude. I've spent 23 years in the City doing nothing but assist companies list on the London Stock Exchange and others. Thereby providing capital to companies in need of equity, helping shareholders to exit and reinvest in other companies, and fund managers to buy assets that make up our pensions. Stop tarring the entire enterprise with the same brush. Yes, some activity was economically and morally unacceptable. Regulators and society have pushed back on those. Banks are now scared of their own shadows and there is now not a European bank able to hold its own against the Americans. The damage caused by this, will impact UK and European economies for decades to come.
Whether people like it or not, financial services in London does benefit everyone living in the UK.
king whistle!Small business rules and always has here.
We don't shout about it, because we're too busy.
Talking of whistles and your snide remark at how could we possibly ever become a world beater 'at anything'...?
Have a snigger first.
'Acme Whistles' that sounds like a small business dream, eh?
Simon Topman, now there is a small businessman with a brain: Hurdles are always in front of small businesses, just get over that hurdle, or go under it, or round the side ...get the pic?
He survived the recession and kept on a steady course through good economic times and bad, growing the business significantly in the last 26 years and establishing a worldwide reputation for quality and innovation.
Still laughing?
Today, Acme produces six million whistles in 83 varieties – exporting them to 119 countries around the world which accounts for 85% of nearly £10 million turnover.
Yeah, in the scheme of things, not big. BUT its just for a f
king whistle, that's all!Hundreds, thousands of us are like that in small business.
Does Simon worry about not being in the EU? Like f
k he does, that's why he voted out. He has only one worldwide worry, like many of us, China, impossible to compete against, unless you're mad. But he exports loads of his whistles there too.
'China: they watch us like bloody hawks he says. If it can be copied, they'll copy.' But so far he outwits them. He's clever, that's why.
And there are thousands of others small businesses like it in the UK. They just don't crow about it. They're too f
king busy making and selling! Not moaning like the bloody money pushers.The question prompts me to think of altars with grooves cut in them and a High Priest with a curved knife,
and the city is no virgin.
It is more like the Hydra. Your Hierophant would be resoundly gobbled up. The whole narrative of the question is probably misguided and instills an imaginary power upon a vague delusion of a modern day dragon slayer.
and the city is no virgin.
It is more like the Hydra. Your Hierophant would be resoundly gobbled up. The whole narrative of the question is probably misguided and instills an imaginary power upon a vague delusion of a modern day dragon slayer.
Edited by 010101 on Wednesday 20th July 06:14
Edited by 010101 on Wednesday 20th July 06:34
fblm said:
///ajd said:
It was nice of brexit to make it 10% cheaper for a foreign company to swallow up though. Sorry, must remember to be more positive!
Only you could whine about a company being bought for a 43% premium! You've completely lost the plot.Greg66 said:
julian64 said:
'ARM' Worldbeater, and nothing to do with financial services, and just happens to be right in front of you on the TV. Don't be so blinkered
You've just made the argument against you comprehensively. ARM's been around for 25 years. It has a *turnover* of just under £1 billion. Net income of £339 million. Tax take obviously very much smaller than that.
You need a lot of ARM companies to replace what the City contributes. A lot. And a lot of time. Decades. Literally.
My post was in response to someone saying there was nothing in the UK apart from financial services. I posted about a very successful company that In a better political climate could have done much better, or could have been accompanied by many more of the same if the politicians had been looking in its direction rather than just clapping banking services.
In response you simply post that it doesn't compete with the revenue generated by the city?
Are you a father? Do you simply clap the child of yours who is doing well at school relying on him to keep you financially comfortable In your dotage and ignore your other children. Well I have news for you, Your most successful child has just been squashed by a Brexit truck accident and you are now looking around at your ignored children wondering what to do. Please keep up.
julian64 said:
It is pointless being on this thread. Everyone accepts the financial implications of Brexit. We all know we are going to take a financial hit. So to come on a thread and keep reiterating that is at best pointless and at worst just shows you haven't read any of the thread before posting.
Really? I thought that a post-Brexit UK freed from the shackles of the EU was going to thrive after keeping all our EU trade arrangements and striking trade deals with countries such as Guatemala and Papua New Guinea? If we are going to take a financial hit where will the extra £350m/week for the NHS come from?RYH64E said:
Really? I thought that a post-Brexit UK freed from the shackles of the EU was going to thrive after keeping all our EU trade arrangements and striking trade deals with countries such as Guatemala and Papua New Guinea? If we are going to take a financial hit where will the extra £350m/week for the NHS come from?
Thanks, that added a lot to the debate......Not sure this thread is going anywhere useful at all, it's just full of some bitter people.
Robertj21a said:
Thanks, that added a lot to the debate......
Not sure this thread is going anywhere useful at all, it's just full of some bitter people.
Agreed, in a way I blame the OP. The thread was called 'Should the city be sacrificed for a good Brexit deal.'Not sure this thread is going anywhere useful at all, it's just full of some bitter people.
When in fact the city has already been sacrificed by the vote itself, and is therefore no leverage at all toward a good Brexit deal.
RYH64E said:
julian64 said:
When in fact the city has already been sacrificed by the vote itself, and is therefore no leverage at all toward a good Brexit deal.
Refreshing honesty, shame any such worries prior to the referendum were dismissed out of hand as 'Project Fear'.We will show those EU types etc...
RYH64E said:
julian64 said:
When in fact the city has already been sacrificed by the vote itself, and is therefore no leverage at all toward a good Brexit deal.
Refreshing honesty, shame any such worries prior to the referendum were dismissed out of hand as 'Project Fear'.AC43 said:
RYH64E said:
julian64 said:
When in fact the city has already been sacrificed by the vote itself, and is therefore no leverage at all toward a good Brexit deal.
Refreshing honesty, shame any such worries prior to the referendum were dismissed out of hand as 'Project Fear'.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff