The economic consequences of Brexit (Vol 2)

[b2hbm]

don'tbesilly said:

You were asked to back up this claim made by you with some evidence:

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

I'm guessing you can't as a result of the diversions above.
'Frenchie' fails again.

Standard ///ajd tactics. Get called out on something you've posted and swerve away from it in the hope that the rest of us are so thick that we'll forget all about it.

The same thing happens when you ask a question which he doesn't want to answer (thought of an answer to ECJ ruling over UK Courts post Brexit ///ajd ?). Either swerve away, reply only with more questions or just go and hide for a day until the thread has moved on a couple of pages.

And he thinks we don't see this.... ahh, bless.

[don'tbesilly]

///ajd said:

don'tbesilly said:

///ajd said:

B'stard Child said:

jsf said:

Where in that does he say people will or wont move to Frankfurt?

I'm more inclined to question the validity of the quotes - seeing as someone has previous for manipulating quotes from others even in threads......

I mean how hard is it to press quote and reply, snaffle the relevant info and the paste into notepad or similar and then re-post in a new thread.....

I already explained because the topic was closed the quote all doesn't work.

But here it is.

https://www.pistonheads.com/gassing/topic.asp?h=0&...

There are no doubt others but that was a quick google.

It does capture the optimism of brexiteering pre ref - we were going to shoot ahead of others in the EU back in the heady days of £350M buses etc. it seems.

You were asked to back up this claim made by you with some evidence:

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

I'm guessing you can't as a result of the diversions above.

'Frenchie' fails again.

Your own post on that thread - steeped in sacasm about how the chunnel will be blocked by all those travelling to work in the EU from London - seems to suggest you think the risk of job migration was false and just to be mocked.

Tell that to the employees now looking at their jobs going to Frankfurt in your sneering tone. Plus the link may say they haven't decided whether to employ new or relocate, but that suggests these are not just "new" jobs.

Read that "we'll be streaming ahead of France and Germany" post again. Oh dear - blind misguided optimism, much?

Still nothing to back up this then 'Frenchie' : ?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

[turbobloke]

///ajd said:

don'tbesilly said:

///ajd said:

B'stard Child said:

jsf said:

Where in that does he say people will or wont move to Frankfurt?

I'm more inclined to question the validity of the quotes - seeing as someone has previous for manipulating quotes from others even in threads......

I mean how hard is it to press quote and reply, snaffle the relevant info and the paste into notepad or similar and then re-post in a new thread.....

I already explained because the topic was closed the quote all doesn't work.

But here it is.

https://www.pistonheads.com/gassing/topic.asp?h=0&...

There are no doubt others but that was a quick google.

It does capture the optimism of brexiteering pre ref - we were going to shoot ahead of others in the EU back in the heady days of £350M buses etc. it seems.

You were asked to back up this claim made by you with some evidence:

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

I'm guessing you can't as a result of the diversions above.

'Frenchie' fails again.

Your own post on that thread - steeped in sacasm about how the chunnel will be blocked by all those travelling to work in the EU from London - seems to suggest you think the risk of job migration was false and just to be mocked.

Tell that to the employees now looking at their jobs going to Frankfurt in your sneering tone.

Are you suggesting that bank employees wouldn't want to move away from the backwater that is London motivated by the allegedly exciting environs of Frankfurt?

The potential Citi move involving Dublin and/or Frankfurt was known to outsiders in mid-2015, presumably the top bankers at Citi were so excited by the prospect of leaving London that they did nothing and stayed put, or maybe they knew that the vote would be a win for Remain so contingency planning wasn't needed, and then there's that old financial sector adage 'a banking job is for life'

[b2hbm]

don'tbesilly said:

Still nothing to back up this then 'Frenchie' : ?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

You do realise if you keep asking him that question he'll be paging back through over 12 months of Brexit threads on his phone trying to locate said quote ?

Now this concerns me. If he's so busy looking backwards then the main source of entertainment (and the only reason I look in on this thread) will be lost for another day. I know there are substitute players, but there's only one slasher

[Murph7355]

///ajd said:

...
Tell that to the employees now looking at their jobs going to Frankfurt in your sneering tone. Plus the link may say they haven't decided whether to employ new or relocate, but that suggests these are not just "new" jobs. ...

You're really not familiar with the City, are you ///ajd? Have you worked in it?

Citi used to employ 12,000 in the UK pre 2008. There are now 9,000.

Job losses, restructuring, moving jobs to lower cost locations etc etc etc have been part of the game for decades (literally - I was involved in relocations to the Far East in the mid-90s). A potential "loss" of 200 people is just over 2% of the workforce. That number will be more than swallowed by natural attrition alone, and other changes in the banking landscape beyond Brexit will almost certainly hit jobs far harder than that over time. The workforce will be all too aware of this.

I'm sure MrrT was estimating at least 25% of the City going? If the Citi number ends up being accurate and sets a trend (they're one of the biggest City employers) then his estimate is looking...well, unfounded at best . A long way to go yet, but this sort of news should be seen as nothing other than a sensible move and good news.

[TEKNOPUG]

Murph7355 said:

///ajd said:

...
Tell that to the employees now looking at their jobs going to Frankfurt in your sneering tone. Plus the link may say they haven't decided whether to employ new or relocate, but that suggests these are not just "new" jobs. ...

You're really not familiar with the City, are you ///ajd? Have you worked in it?

Citi used to employ 12,000 in the UK pre 2008. There are now 9,000.

Job losses, restructuring, moving jobs to lower cost locations etc etc etc have been part of the game for decades (literally - I was involved in relocations to the Far East in the mid-90s). A potential "loss" of 200 people is just over 2% of the workforce. That number will be more than swallowed by natural attrition alone, and other changes in the banking landscape beyond Brexit will almost certainly hit jobs far harder than that over time. The workforce will be all too aware of this.

I'm sure MrrT was estimating at least 25% of the City going? If the Citi number ends up being accurate and sets a trend (they're one of the biggest City employers) then his estimate is looking...well, unfounded at best . A long way to go yet, but this sort of news should be seen as nothing other than a sensible move and good news.

The article actually says that Citi are "creating" 200 new positions in Frankfurt, with some filled locally and others utilising current London expertise.

[///ajd]

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

[don'tbesilly]

///ajd said:

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

200 you say that 'could' move, not the 1000's that you and others predicted, did you miss this from the article:

"However, sources told the Press Association that London will remain Morgan Stanley's European headquarters"


Any response to your earlier post, or are you going to duck & dive as is often the case?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

Who were the several?

[///ajd]

don'tbesilly said:

///ajd said:

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

200 you say that 'could' move, not the 1000's that you and others predicted, did you miss this from the article:

"However, sources told the Press Association that London will remain Morgan Stanley's European headquarters"


Any response to your earlier post, or are you going to duck & dive as is often the case?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

Who were the several?

I didn't miss it as it was in my post - read the bit that says "many will stay".

Several brexiteers here have said the threat of bankers being moved from London to the EU is false and won't happen.

Tell me they haven't said that, go on.

It's only a scratch.

This is just like the "Black Knight".

https://www.youtube.com/watch?v=RG1P8MQS1cU

You'll be crying "its just a flesh wound" as the banks continue rearranging their operations, until the damage is done and London'll never quite be the same centre of EU finance in the way it was ever again.

Brexit is boosting Financial Services sector in Paris, Frankfurt and around the EU.
Your vote has clearly initiated investment and job creation in the EU.
It is all a net loss to the UK.

[don'tbesilly]

///ajd said:

don'tbesilly said:

///ajd said:

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

200 you say that 'could' move, not the 1000's that you and others predicted, did you miss this from the article:

"However, sources told the Press Association that London will remain Morgan Stanley's European headquarters"


Any response to your earlier post, or are you going to duck & dive as is often the case?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

Who were the several?

Several brexiteers here have said the threat of bankers being moved from London to the EU is false and won't happen.

Tell me they haven't said that, go on.

I can't tell you that because I don't know who you're referring to.

As has been previously asked by others and myself, who are the several?

[hyphen]

///ajd said:

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

Thank god for that.




Frankfurt is not London, no rich banker will want to move there. I would have been more worried if they were moving to the nicer places in Europe.

Frankfurt will be Switzerland all over again. They moved out there to save cash, but wives hated it and spent more time in London so that was that.

[Deptford Draylons]

don'tbesilly said:

///ajd said:

don'tbesilly said:

///ajd said:

Morgan Stanley now

- 200 jobs to move
- this will DOUBLE the size of their Frankfurt operations
- still many to stay in UK - for now

18 FS companies have now included Frankfurt in their Brexit contingency plans.

http://www.independent.co.uk/news/business/news/mo...

How many extra trawlers have we got so far?

How is that "brexit economy will accelerate away from France and Germany" prediction going?

200 you say that 'could' move, not the 1000's that you and others predicted, did you miss this from the article:

"However, sources told the Press Association that London will remain Morgan Stanley's European headquarters"


Any response to your earlier post, or are you going to duck & dive as is often the case?

///ajd said:

Several brexiteers said "no one will move to Frankfurt from London". Wrong then.

Who were the several?

Several brexiteers here have said the threat of bankers being moved from London to the EU is false and won't happen.

Tell me they haven't said that, go on.

I can't tell you that because I don't know who you're referring to.

As has been previously asked by others and myself, who are the several?

It would be interesting to know. I won't hold out for who or any links to them saying it. I don't recall anyone saying it, so suspect it's an embellished claim from someone saying they didn't think large numbers would move or whole banks relocate.
As with all these type of stories from ///ajd , they are Indy articles speculating that people could move or that a bank is looking to open and office some place with it not even being clear if jobs would relocate or they open an office and employ a few locals.

[///ajd]

hyphen said:

Frankfurt ....no (rich) banker will want to move there.

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

[don'tbesilly]

///ajd said:

hyphen said:

Frankfurt ....no (rich) banker will want to move there.

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

Nope, still no names to indicate who the several brexiteers were, hey ho

[///ajd]

don'tbesilly said:

///ajd said:

hyphen said:

Frankfurt ....no (rich) banker will want to move there.

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

Nope, still no names to indicate who the several brexiteers were, hey ho

Here's a famous brexiteer for you, pre-ban of course, from 18th January.

don4l said:

HSBC are saying that they might move 1000 jobs to Paris. They won't. Income tax for high earners in Paris is 75%. They won't get anyone to move.

Tell me, why are you so desperate to talk your country down?

[Murph7355]

///ajd said:

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

Yawn.

What %age if MS' workforce is that? And how close is that to the figure that made you and MrrT get all giddy?

What %age is it of jobs that have been relocated elsewhere over the last two decades?

Context is everything ///ajd. And you have none.

[anonymous-user]

///ajd said:

don'tbesilly said:

///ajd said:

hyphen said:

Frankfurt ....no (rich) banker will want to move there.

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

Nope, still no names to indicate who the several brexiteers were, hey ho

Here's a famous brexiteer for you, pre-ban of course, from 18th January.

don4l said:

HSBC are saying that they might move 1000 jobs to Paris. They won't. Income tax for high earners in Paris is 75%. They won't get anyone to move.

Tell me, why are you so desperate to talk your country down?

That quote refers to Paris, not Frankfurt.

[///ajd]

Murph7355 said:

Yawn.

What %age if MS' workforce is that? And how close is that to the figure that made you and MrrT get all giddy?

What %age is it of jobs that have been relocated elsewhere over the last two decades?

Context is everything ///ajd. And you have none.

The facts are they are moving / creating jobs in the EU - not the UK - 100% because of brexit. We are driving investment & our GDP off shore.

Context is indeed everything. And its the elephant in the room which no brexiteer can see, it seems.

[don'tbesilly]

///ajd said:

don'tbesilly said:

///ajd said:

hyphen said:

Frankfurt ....no (rich) banker will want to move there.

^^ there's one right there.

There have been plenty saying similar - nothing to worry about, passporting a non-issue, no-one will move, its all scaremongering.

You'll be telling me next Vote Leave didn't write £350M on the side of a bus.

Or that the drop in the pound was going to happen anyway.

Etc.

Nope, still no names to indicate who the several brexiteers were, hey ho

Here's a famous brexiteer for you, pre-ban of course, from 18th January.

don4l said:

HSBC are saying that they might move 1000 jobs to Paris. They won't. Income tax for high earners in Paris is 75%. They won't get anyone to move.

Tell me, why are you so desperate to talk your country down?

Can you provide a link from a reputable source showing how many HSBC workers have moved to Paris, or confirmation direct from HSBC that 1000 workers are moving to Paris and when.

Moving on, you mentioned 'several' brexiteers, several is not one, but generally at least 2 but not many more, feel free to get back to us.

PS: What was don4l banned for?

[///ajd]

ha ha

I've quoted at least 3 now.

Nitpicking over Frankfurt or Paris is missing the point. Jobs to the EU is the point.

And why do you need proof of people moving? Plenty of stories now, but the pointless argument was whether any brexiteers here had said "scaremongering, no one will move (to Frankfurt)".

"No one ever ever said it" came the cry. Find proof! Well I have, and they did!