The economic consequences of Brexit (Vol 3)
Discussion
Roboraver said:
Hey don't shoot the messenger, just posting facts mind:
Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
Do you read the articles that you post links to, or is it just the headline you read?
http://www.internationalinvestment.net/brexit/hsbc...
Article said:
HSBC has not yet begun transferring any of the up to 1,000 staff it has said could ultimately move to its French unit from Britain, chief executive John Flint told Reuters.
http://www.seatrade-maritime.com/news/europe/greece-eyes-larger-insurance-role-as-hard-brexit-looms.htmlArticle said:
With a hard Brexit looming, the London Insurance and International Brokers Association (LIIBA) said Athens and Piraeus are among cities London insurance brokers could consider for European Union subsidiaries.
You mentioned facts in the op above, can you stick to them.Murph7355 said:
REALIST123 said:
Your mention of the Japanese car brands got me thinking, as my impression is that they aren’t too popular in mainland Europe.
It appears Honda sales throughout the EU members have declined steadily over the past 10 years and are now less than 45% of what they were in 2010.
Also, 38% of Hondas EU sales are to the UK.
Why would they relocate to where they are clearly not wanted?
Because they were upset we didn't vote to Remain?It appears Honda sales throughout the EU members have declined steadily over the past 10 years and are now less than 45% of what they were in 2010.
Also, 38% of Hondas EU sales are to the UK.
Why would they relocate to where they are clearly not wanted?
Or possibly Gloria's off canvassing them since he finished with Nissan
Roboraver said:
Hey don't shoot the messenger, just posting facts mind:
Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
Possibly you have some similar factual links?Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
# Plagues of locusts
# Rivers turning to blood
# The sky falling
dandarez said:
Murph7355 said:
REALIST123 said:
Your mention of the Japanese car brands got me thinking, as my impression is that they aren’t too popular in mainland Europe.
It appears Honda sales throughout the EU members have declined steadily over the past 10 years and are now less than 45% of what they were in 2010.
Also, 38% of Hondas EU sales are to the UK.
Why would they relocate to where they are clearly not wanted?
Because they were upset we didn't vote to Remain?It appears Honda sales throughout the EU members have declined steadily over the past 10 years and are now less than 45% of what they were in 2010.
Also, 38% of Hondas EU sales are to the UK.
Why would they relocate to where they are clearly not wanted?
Or possibly Gloria's off canvassing them since he finished with Nissan
Roboraver said:
Hey don't shoot the messenger, just posting facts mind:
Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
Lloyds has already set up a company in Brussels to handle post Brexit EU business.Meanwhile, mostly under the radar, shipping insurers start to move away from Lloyd’s
http://www.seatrade-maritime.com/news/europe/greec...
Many other insurers have done similar, in different EU countries.
Interesting figures out today.... Unemployment at its lowest level (4%) for over 43 years. Pay rises at 2.7% comfortably higher than inflation at 2.4%. and productivity up by 1.5% the highest increase since 2016. The number of UK nationals working increased by 332,000 in the last 3 months and over 100,000 people stopped working zero hours contracts. Oh and 86,000 fewer EU nationals are working in the UK compared to 3 months ago.
Vanden Saab said:
Interesting figures out today.... Unemployment at its lowest level (4%) for over 43 years. Pay rises at 2.7% comfortably higher than inflation at 2.4%. and productivity up by 1.5% the highest increase since 2016. The number of UK nationals working increased by 332,000 in the last 3 months and over 100,000 people stopped working zero hours contracts. Oh and 86,000 fewer EU nationals are working in the UK compared to 3 months ago.
Incredible given the prediction of the Remain campaign (Cameron/Osborne/Carney et al) that on a vote to leave being the outcome of the 2016 referendum the UK would suffer a recession in Qtr 3 of the same year resulting in mass unemployment.Quite a spectacular recovery
Before the vote, I gave the future impacts of AI and Robotics as a key reason why we should want to control our own borders as unemployed workers migrate to find work as AI takes their jobs.
Good to see the Bank of England has finally caught up, even if they can't see the Brexit benefit;
https://www.bbc.co.uk/news/business-45240758
loafer123 said:
Before the vote, I gave the future impacts of AI and Robotics as a key reason why we should want to control our own borders as unemployed workers migrate to find work as AI takes their jobs.
Good to see the Bank of England has finally caught up, even if they can't see the Brexit benefit;
https://www.bbc.co.uk/news/business-45240758
The BOE, FCA and government in general have been exceptionally accommodating and supportive of AI and future tech in this space for some time. Technology disruption / disintermediation of Fin Services is expected to a lessor / greater degree (depends whom you talk to) - we have to be encouraging its development and incubation in UK PLC. We need a white paper on how the Govt will support this (and how much £££ they are going to do it with) + a reverse in private sector investment to make the best of this exit scenario. What's the export value of this tech is, difficult to know. Blockchain (DLT) proponents say reduction in process benefits (frictional cost) of this tech are >$1tr p.a. - unfortunately people are a big part of the cost.Good to see the Bank of England has finally caught up, even if they can't see the Brexit benefit;
https://www.bbc.co.uk/news/business-45240758
In particular private DLTs will revolutionise trade finance / banking. We want to be at the fore front of this innovation to help fund the displaced employees whose jobs have been replaced. Whether we can (or want) to do a country level San Francisco economic model is open to debate. We'll 100% be getting the increase in fentanyl abuse, regardless.
What's interesting - unless there is some lag on the reporting; the BoE (which I guess is supposed to be independent); is working counter to the government on promoting stability. It would be nice if Haldane's piece is accompanied with a plan from the DWP or Technology ministry (do we have one?). Sorta along the lines, "good point Andy, but we've kinda thought of that. Et voila here's our plan to promote innovation".
stongle said:
The BOE, FCA and government in general have been exceptionally accommodating and supportive of AI and future tech in this space for some time. Technology disruption / disintermediation of Fin Services is expected to a lessor / greater degree (depends whom you talk to) - we have to be encouraging its development and incubation in UK PLC. We need a white paper on how the Govt will support this (and how much £££ they are going to do it with) + a reverse in private sector investment to make the best of this exit scenario. What's the export value of this tech is, difficult to know. Blockchain (DLT) proponents say reduction in process benefits (frictional cost) of this tech are >$1tr p.a. - unfortunately people are a big part of the cost.
In particular private DLTs will revolutionise trade finance / banking. We want to be at the fore front of this innovation to help fund the displaced employees whose jobs have been replaced. Whether we can (or want) to do a country level San Francisco economic model is open to debate. We'll 100% be getting the increase in fentanyl abuse, regardless.
What's interesting - unless there is some lag on the reporting; the BoE (which I guess is supposed to be independent); is working counter to the government on promoting stability. It would be nice if Haldane's piece is accompanied with a plan from the DWP or Technology ministry (do we have one?). Sorta along the lines, "good point Andy, but we've kinda thought of that. Et voila here's our plan to promote innovation".
We certainly can't avoid it, so might as well develop it here, rather than being a taker of technology from abroad.In particular private DLTs will revolutionise trade finance / banking. We want to be at the fore front of this innovation to help fund the displaced employees whose jobs have been replaced. Whether we can (or want) to do a country level San Francisco economic model is open to debate. We'll 100% be getting the increase in fentanyl abuse, regardless.
What's interesting - unless there is some lag on the reporting; the BoE (which I guess is supposed to be independent); is working counter to the government on promoting stability. It would be nice if Haldane's piece is accompanied with a plan from the DWP or Technology ministry (do we have one?). Sorta along the lines, "good point Andy, but we've kinda thought of that. Et voila here's our plan to promote innovation".
I am an optimist to a degree - innovation will bring forward new types of job we can't imagine yet - but nevertheless, this will be a time when you want to pick and choose who comes in.
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