The economic consequences of Brexit (Vol 2)

[CaptainSlow]

Murph7355 said:

CaptainSlow said:

If he's talking about net contributions, which would be the only logical thing to do, The UK pays in more than the other 27 combined.

On a net basis the UK pays in more than Germany then?

Really?

Do you know what "the other 27 combined" means?

[stongle]

powerstroke said:

Assuming this roll back is in the south of england , with the railways , transport and housing under pressure and quality of life for many falling
maybe less is more ???

Errr, tax enables the wealth transfer from London to rest of the country. Any NET loss in people or CT receipts is bad for the country. We're debating whether Passporting creates a net loss Vs. The benefits of Brexit - your comments reinforce the view that you'd be better off contributing to Puffin Club. The chip on your shoulder re North / South devide is a sack of spuds.

[powerstroke]

stongle said:

powerstroke said:

Assuming this roll back is in the south of england , with the railways , transport and housing under pressure and quality of life for many falling
maybe less is more ???

Errr, tax enables the wealth transfer from London to rest of the country. Any NET loss in people or CT receipts is bad for the country. We're debating whether Passporting creates a net loss Vs. The benefits of Brexit - your comments reinforce the view that you'd be better off contributing to Puffin Club. The chip on your shoulder re North / South devide is a sack of spuds.

You miss my point by a country mile ....

[Murph7355]

CaptainSlow said:

Do you know what "the other 27 combined" means?

Apologies... The penny has just dropped

Though it hasn't on the outright relevance of the metric....other than highlighting that they need us to balance the books. Which I don't think needs it.

[kurt535]

fblm said:

I'll eat my hat if any bank moves to Paris...
http://www.telegraph.co.uk/news/2016/06/07/societe...

gonna hold you to that.

[kurt535]

stongle said:

kurt535 said:

brokers have the relationship with the client so hiring locals to take over accounts doesn't work, especially when the desk has been built up by the team over several years.

deustche worries and bonus cuts are well known this week.

Not reported in the same way as a HSBC moving a small number of jobs. Or when ING moved jobs to London recently (mainstream media).

Anyway, good luck to your mate. They'll hate FFT!

Percy did caveat the move when he said this though:

'“If the effects of a possible ‘hard’ Brexit filter through to the talent pools in Europe, London may no longer remain an appropriate location for the FM [financial markets] trading function, and FM would consider its response to any such change at that time.”

Frankfurt? worked there for 3 years very early 90's. what wasn't there to like?

[EddieSteadyGo]

wc98 said:

///ajd said:

ITV just said Goldman Sachs moving 50% = 3000?

Can we really sweep this under the carpet and pretend it doesn't matter?

welcome back ! what would you do to address this should it come to pass ? serious question to all that are posting links to possible negative outcomes as a result of brexit .

Exactly the right question to ask. The debate has moved on. We know we are leaving the EU and single market. We also know there are some risks and potential problems as well as some opportunities.

With the banks, we know money talks. So if we need to offer a carrot we can discuss a lighter tax regime and possibly less regulation to compensate the risk.

We can't afford the sight of large banks preparing to move en masse - putting aside the loss of potential future tax receipts, it would have a serious effect on our ability to negotiate a decent trade deal with the EU as they would feel like they are starting to get the upper hand.

[Jockman]

EddieSteadyGo said:

Exactly the right question to ask. The debate has moved on. We know we are leaving the EU and single market. We also know there are some risks and potential problems as well as some opportunities.

With the banks, we know money talks. So if we need to offer a carrot we can discuss a lighter tax regime and possibly less regulation to compensate the risk.

I think you'll find it's easier to moan about something that might never happen than to actually think of a solution.

[turbobloke]

EddieSteadyGo said:

wc98 said:

///ajd said:

ITV just said Goldman Sachs moving 50% = 3000?

Can we really sweep this under the carpet and pretend it doesn't matter?

welcome back ! what would you do to address this should it come to pass ? serious question to all that are posting links to possible negative outcomes as a result of brexit .

Exactly the right question to ask. The debate has moved on. We know we are leaving the EU and single market. We also know there are some risks and potential problems as well as some opportunities.

With the banks, we know money talks. So if we need to offer a carrot we can discuss a lighter tax regime and possibly less regulation to compensate the risk.

We can't afford the sight of large banks preparing to move en masse - putting aside the loss of potential future tax receipts, it would have a serious effect on our ability to negotiate a decent trade deal with the EU as they would feel like they are starting to get the upper hand.

Yes it's exactly like that.

The eternal pessimism of ajd is wearing thin. No hang on it's threadbare already, it was wearing thin a long time ago.

I'm still very happy that we're leaving the EU and that my vote was a minutely small part of that process, the checks and balances available to the UK represent a cause for optimism.

I'd be pessimistic if I was in one of the countries still languishing in the dysfunctional EU, and even worse, the EZ.

[FN2TypeR]

turbobloke said:

Yes it's exactly like that.

The eternal pessimism of ajd is wearing thin. No hang on it's threadbare already, it was wearing thin a long time ago.

I'm still very happy that we're leaving the EU and that my vote was a minutely small part of that process, the checks and balances available to the UK represent a cause for optimism.

I'd be pessimistic if I was in one of the countries still languishing in the dysfunctional EU, and even worse, the EZ.

Like us?

[don4l]

EddieSteadyGo said:

Exactly the right question to ask. The debate has moved on. We know we are leaving the EU and single market. We also know there are some risks and potential problems as well as some opportunities.

With the banks, we know money talks. So if we need to offer a carrot we can discuss a lighter tax regime and possibly less regulation to compensate the risk.

We can't afford the sight of large banks preparing to move en masse - putting aside the loss of potential future tax receipts, it would have a serious effect on our ability to negotiate a decent trade deal with the EU as they would feel like they are starting to get the upper hand.

Are you going to tell us what made you think that my wife had left me?

[Jockman]

don4l said:

Are you going to tell us what made you think that my wife had left me?

Sorry to hear that don4l. Hope you can sort it out

[EddieSteadyGo]

don4l said:

Are you going to tell us what made you think that my wife had left me?

Some nut job. Possibly because you seem to irritate people. Can't think why.

[alfie2244]

don4l said:

Are you going to tell us what made you think that my wife had left me?

She's gone again?

[anonymous-user]

powerstroke said:

Assuming this roll back is in the south of england , with the railways , transport and housing under pressure and quality of life for many falling
maybe less is more ???

Great analysis. Is that why you voted to Leave? To teach those poor southerners a lesson about life?

How are the plans to reignite the fishing industry and thereby save the nation coming along?

[B'stard Child]

alfie2244 said:

don4l said:

Are you going to tell us what made you think that my wife had left me?

She's gone again?

God grief that's terrible news - only a short while ago Don4l was saying how happy they both were

[Mario149]

wc98 said:

Mario149 said:

Words fail me

i can understand that, it took more than a few moments to compose myself after reading the tripe in that link to write my following post

I was talking about the fact that you'd like to dismiss a Cambridge professor whose specialty appears to lie in European history of the last 200 years or so. But you knew that

[turbobloke]

Mario149 said:

wc98 said:

Mario149 said:

Words fail me

i can understand that, it took more than a few moments to compose myself after reading the tripe in that link to write my following post

I was talking about the fact that you'd like to dismiss a Cambridge professor whose specialty appears to lie in European history of the last 200 years or so. But you knew that

Purely on that point...

Experts travel a long way and show some slides. Does the prof qualify?

Also the EU isn't Europe and it hasn't existed for 200 years.

[don4l]

EddieSteadyGo said:

don4l said:

Are you going to tell us what made you think that my wife had left me?

Some nut job. Possibly because you seem to irritate people. Can't think why.

So... "some nut job" took you for a sucker and made you look like an idiot on a public forum.


If somebody humiliated me like that, I would name them.

[turbobloke]

FN2TypeR said:

turbobloke said:

Yes it's exactly like that.

The eternal pessimism of ajd is wearing thin. No hang on it's threadbare already, it was wearing thin a long time ago.

I'm still very happy that we're leaving the EU and that my vote was a minutely small part of that process, the checks and balances available to the UK represent a cause for optimism.

I'd be pessimistic if I was in one of the countries still languishing in the dysfunctional EU, and even worse, the EZ.

Like us?

We've got one foot in the door marked 'Exit' and I suspect - having read articles in our marvellous press -that there are many people in other EU countries who are extremely envious of us.