Could or should the city be sacrificed for good brexit deal??

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For the good of the majority ??? further to May's speech saying she will govern for the little man ...
should our deals on trade in goods , fishing , cars and agricultural produce etc that benefits the wider economy be done even if they have to give concessions maybe against the best interests of the city of london and the financial sector?? something that makes a lot of money for a privileged few and pays some tax ,
is it a perfect opportunity to re balance our economy ...

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kurt535 said:

powerstroke said:

For the good of the majority ??? further to May's speech saying she will govern for the little man ...
should our deals on trade in goods , fishing , cars and agricultural produce etc that benefits the wider economy be done even if they have to give concessions maybe against the best interests of the city of london and the financial sector?? something that makes a lot of money for a privileged few and pays some tax ,
is it a perfect opportunity to re balance our economy ...

Fishing.................give me strength....................

Powerstroke...what sized lightbulb is burning in your head?

No joke , The EU aren't going to do a one sided deal otherwise the other members will want the same and then the wheels come off the gravy train and the EU project no longer is ever more powerful and the ever closer union is smashed... so we will have to give something ...
if our relationship was just hard goods then we could just tell them our terms take it or leave it as they have a massive surplus and it would be easy to put tariffs on imports from the EU if they wanted to be funny with us , however it seems we have a defict with them when it comes to financial services and that puts us in a weaker position , hence my question....

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Greg66 said:

That saying: there's no such thing as a stupid question?

Well, there is. And this is one.

So you think the EU will give us a no strings deal ??? Davis is good, but that good !!!????

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///ajd said:

powerstroke said:

Greg66 said:

That saying: there's no such thing as a stupid question?

Well, there is. And this is one.

So you think the EU will give us a no strings deal ??? Davis is good, but that good !!!????

Would you consider that a lot of the people who voted brexit have similar views on trade to you powerstroke?

I think for me personaly , coming from a town that once had world class maufactures of trucks , and the near by town was known all over the world for its trains, I would love to see a strong manufacturing base , trade with all of the world again, Maybe I don't understand the city and banking but its function as a service industry to enable trade and to help finance company growth seems to have been overtaken by greed and casino banking , asset stripping and funny money deals with currency shorting etc,

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gibbon said:

powerstroke said:

I think for me personaly , coming from a town that once had world class maufactures of trucks , and the near by town was known all over the world for its trains, I would love to see a strong manufacturing base , trade with all of the world again, Maybe I don't understand the city and banking but its function as a service industry to enable trade and to help finance company growth seems to have been overtaken by greed and casino banking , asset stripping and funny money deals with currency shorting etc,

Why do you think these manufacturing industries, trains, trucks etc failed to survive?

I am from an engineering education, and now work in banking, so as you may expect have some views on this, but i would like to know your view of it first.

Acountants on company boards rarther than engineers = result short term gain not R+D and long term investment for a start... so they sell assets and hollow out the company so any short term hicup or slow down in the economy kills the business they don't give a st and move on to the next victim...

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Pieman68 said:

powerstroke said:

I think for me personaly , coming from a town that once had world class maufactures of trucks , and the near by town was known all over the world for its trains, I would love to see a strong manufacturing base , trade with all of the world again, Maybe I don't understand the city and banking but its function as a service industry to enable trade and to help finance company growth seems to have been overtaken by greed and casino banking , asset stripping and funny money deals with currency shorting etc,

Speaking as someone who comes from a staunchly working class family and lives in a part of the world where a brick with a red rosette would get voted in - quite simply the answer is no, we need to keep the financial centres in London strong

Get rid of the bankers and employ 20000 fishermen - who would all be on minimum wage and pay very little tax and possibly get in work benefits. So we are not only reducing the number of net contributors but adding additional net recipients, thus giving not only a reduced tax take but an increased tax spend. Genius economics there

Apart from a number of specialised fields, I don't think the opportunity is there to rebuild manufacturing and bring it back in house. Unless the cost of living plummets and we can survive on wages similar to those paid in the far east etc. If that doesn't happen then the only way it would be viable would be low wages with wages topped up to living levels using in work benefits

We have to stop harking back to a bygone age and accept that we are now a predominantly service based economy

Yes we can sell coffee to each other !!! that builds a strong economy....

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johnfm said:

powerstroke said:

gibbon said:

powerstroke said:

I think for me personaly , coming from a town that once had world class maufactures of trucks , and the near by town was known all over the world for its trains, I would love to see a strong manufacturing base , trade with all of the world again, Maybe I don't understand the city and banking but its function as a service industry to enable trade and to help finance company growth seems to have been overtaken by greed and casino banking , asset stripping and funny money deals with currency shorting etc,

Why do you think these manufacturing industries, trains, trucks etc failed to survive?

I am from an engineering education, and now work in banking, so as you may expect have some views on this, but i would like to know your view of it first.

Acountants on company boards rarther than engineers = result short term gain not R+D and long term investment for a start... so they sell assets and hollow out the company so any short term hicup or slow down in the economy kills the business they don't give a st and move on to the next victim...

How many boards have you been on?

Non but my family have been for many years, dad was the technical director of the family firm ,

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julian64 said:

Really not happy with the ridicule being put on the original poster.

The country is more important than the London banking sector and money isn't the only criteria by which people vote. If it was we'd still be in Europe.

Its been the case for a number of years now that the country places far too much emphasis on the financial and service sectors and has effectively sidelined any serious manufacturing because London has held the country up financially. It was easy to do politically but I think many years of this has left us with quite a divided union.

This might be a time to reflect on that and any ways we can rebalance the economy and country rather than just ridicule anyone who dares question money as the ultimate goal of all our lives.

Before you commend London financial services as all things mighty in this country it would be interesting to see how much of the pounds recent fall was secondary to those same patriotic bankers in London short selling sterling.

and I voted stay.

Thanks , I started the thread as a genuine question after thinking about our new PM's speech , and how they were going to do a deal with the EU that would suit and benefit the majorty of the population,
Ive found some of the responses very interesting certainly it's touched a raw nerve for some, and they tried to belittle me and divert the discussion , one thing is for sure our economy is in a period of great change ,
thanks Guys it's always good to debate and question .....

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stongle said:

Amusing thread is amusing.

OP would have been better stating to diversify the UK economy at the volume end rather than display his prejudice.

Cottage industries are just that, fishing is a classic example. Even if we got back 100% of our waters, an extra 1.8bn in fishies, the total tax take will be tiny non? It's not a non cost operation.

Financial services is going to loose jobs over the coming years not due to Brexit, but disruptive Fintech. You don't go further damaging one of the biggest single contributors to UK Plc for fish, knitting or whatever else is in the utopia. We'd be like Greenland with a lot more people.

Fishing!!! fishing is and was a tiny part of our economy , why not talk about car manufacture , or the chemical and plastics industry ,

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Whoozit said:

stongle said:

Tax incentives for fintech, creative industries, R&D, high end engineering all would be welcome; but at the base end we have to slash our welfare bill (if we offer reduced taxes).

Yup. To add some concrete numbers, here is the UK public spending breakdown for 2016 from http://www.ukpublicspending.co.uk/breakdown_2016UK...


Public Pensions £153 billion
National Health Care + £138 billion
State Education + £89 billion
Defense + £45 billion
Social Security + £110 billion
State Protection + £29 billion
Transport + £27 billion
General Government + £14 billion
Other Public Services + £106 billion
Public Sector Interest + £47 billion
Total Spending £760 billion

Public pensions, Social security, and NHS are £401 billion. Just over half of all govt spending. What do you cut? Answers on a postit please. FWIW as I have conscientiously funded my pension for nearly 25 years so far, and have additional tax-exempt investments, I fully expect and am prepared to fund my own retirement in the expectation that universal pension rights will be removed. It's the most politically obvious move, in my view.

Edited by Whoozit on Sunday 17th July 07:30

intersting point , but why pensions and not health care ??

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Whoozit said:

powerstroke said:

intersting point , but why pensions and not health care ??

Universal healthcare is a founding principle of the NHS, and so far has been untouchable by any political party. Plus putting in place the infrastructure to check entitlement for every single treatment or GP visit, could cause the NHS to be buried under paperwork. Whereas pensions are easily tested ie to receive benefits, please certify your current private pension assets annually. Costs for doing so passed on to the claimant/pension providers.

World wide universal pensions are much more common than health care , I take your point but at the moment we pay national insurance some of which pays out as a basic pension , would the goverrment or business administer our pensions how safe would it be from tax grabs and dodgy corporations ,
I would think private health care would be safer and a much more transparent system to control .......

Edited by powerstroke on Sunday 17th July 08:22

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///ajd said:

Warning to brexiteers : doom laden link.

https://www.theguardian.com/business/2016/jul/17/b...

Yes ... then you realise it's the guardian , realise it will be left leaning propaganda , skim the article look and just see branson and virgin lost one 3rd of its value
shrug and smile .... thanks anyway .

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Zod said:

Hol said:

98elise said:

davepoth said:

kurt535 said:

Fishing.................give me strength....................

Powerstroke...what sized lightbulb is burning in your head?

Look at it this way. £1bn in London will pay maybe 1,000 bankers. In Grimsby it'll pay 20,000 fishermen and pay them pretty handsomely.

Where does the 1bn come from to pay the 20,000 fishermen?

From taxing 40,000 city workers at 50%??

but powerstroke has shut down the City.

Sadly thats not in my gift, they aren't jumping out of tall buildings and I would suspect there is some very gleeful folk who have already or will make a killing some will win some will lose, Here in the northern powerhouse we are doing just fine
hopefully we will soon have HS 2 so we can come down to London town and buy up a few bargains some real estate
perhaps maybe I could buy back the flat near the RAC club dad sold in the 70s might have to sell my rental terrace house in knutsford mind maybe with the change I could buy some nice little runaround maybe a silver dawn or a oh well... onwards and upwards toodle pip !!!

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stongle said:

powerstroke said:

Yes ... then you realise it's the guardian , realise it will be left leaning propaganda , skim the article look and just see branson and virgin lost one 3rd of its value
shrug and smile .... thanks anyway .

You really are a prat of the highest order, try reading stuff rather than looking at the pictures. The article itself was hardly bad news in the long term. He spoke about the recession not as bad as what is being priced in, and offered ideas to push th economy forward, using infrastructure developments fuelled by cheap boring. This is the diversification of the economy and growth of non-banking you dimwit. Please step away from your keyboard and go back to the village you are depriving of its idiot.

Thanks I can really feel the Love ....

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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.

Yes the poor lad really is in a mess over brexit , I wonder how we can help , it's not normal behaviour ...

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SidewaysSi said:

This thread is hilarious. It's why the UK population should not have been asked to vote on something they have no fking clue about.

The whole thing is bloody ridiculous IMO.

Yes 45% voted remain huge number of fools they cant all have been gravy train riders surely?? anyway got the right result in the end ....
I think Brexit rocks best thing that's happened to our country

Edited by powerstroke on Wednesday 20th July 22:22

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kurt535 said:

powerstroke said:

SidewaysSi said:

This thread is hilarious. It's why the UK population should not have been asked to vote on something they have no fking clue about.

The whole thing is bloody ridiculous IMO.

Yes 45% voted remain huge number of fools they cant all have been gravy train riders surely?? anyway got the right result in the end ....
I think Brexit rocks best thing that's happened to our country

Edited by powerstroke on Wednesday 20th July 22:22

...just got learn about economics and the city now eh?

No we will have a barter system instead thanks

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///ajd said:

no need, just be a fisherman, more lucrative innit

Yes just keep making fun of the economy and people who make and mend things
it is a really sad thing, pathetic how some people think its clever to look down their noses
at the people who keep the wheels of the country turning....

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SidewaysSi said:

m3jappa said:

I wonder if the remaindem crew will be as negative when a deal is struck with Europe, multiple deals with other nations are struck corporation tax is lowered, economy becomes stronger and more jobs are created.

Because that's what it's looking like to me at the moment, the remaindem massif are literally going round in circles of doom.

Do you actually believe that?! Any evidence of this whatsoever? Looks like up to 120k jobs may be lost in the construction industry. What will those people do?

Was with a construction manager today and his fears were around the real skills shortage in the construction industry ...
it was hard to recruit good staff he said ....this was in Manchester.....

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kurt535 said:

powerstroke said:

///ajd said:

no need, just be a fisherman, more lucrative innit

Yes just keep making fun of the economy and people who make and mend things
it is a really sad thing, pathetic how some people think its clever to look down their noses
at the people who keep the wheels of the country turning....

how big is that shoulder chip??!!!

Anyway i drive a Toyota so it's yet to go wrong after 16 years...

Good choice love mine , just waiting for a new one. no chip just sick of the negative childishness of the remain clown contingent on here they really just keep digging ...