If we vote for Brexit what happens

gfplux

http://www.independent.co.uk/news/business/news/brexit-latest-michel-sapin-france-us-banks-move-london-exodus-a7360681.html

"French finance Minister Michel Sapin said that US banks had confirmed to him they would move some activities out of Britain to other European countries as the UK prepares to leave the EU.
Sapin revealed that the executives of major US banks have told him they were working on contingency plans, after their meeting last week in Washington.
“While in Washington I spoke to large American businesses and banks,” Sapin said at press conference in Paris."



Should we take any notice. I thought that London would become MORE attractive as a financial centre post Brexit.

Thrugelmir

mayonnaise wrote: »

Yep Conrad you convinced me, I can clearly see the disaffected brexit voting masses turning to cheese production and Empire Beer brewing.

Think consumption not just producing.

StevieJ

Conrad wrote: »

Cells - we grew prosperous when immigration was well managed and in the ten's of thousands per year.

All will be well with modest well managed immigration.

Well managed? Immigration border controls started in 1905 and toughened up in 1914-18. the British Empire piled up the [STRIKE]booty[/STRIKE] wealth from the mid 18th century.

cells

Conrad wrote: »

What we need is a move away from the contrived scarcity that comes with an over reliance on large corporates, whereby a minority of capital holders, enjoy the fruits and a mass of rentiers (workers without capital) that merely transact the work for minimal terms and money


In other words a flowering of new enterprise, new market entrants to the benefit of society, giving more people more of a sense of a stake


Globalisation has delivered a paltry life for many based on mass importation of goods and labour


The income distribution system has broken down. Those relying on their labour for income are doing ever worse compared to those that own capital to earn 'rent' (dividends etc)


I see Brexit as the catalyst for this required change - much freer trade in the true sense of the word (not just tariff associated)

These are just totally empty words

The UK is a high wage (£37k pa median male full time) full employment (1% long term unemployed) developed safe wealthy nation.

Instead of shouting more empty dreams of unicorns why not say which countries you think are already down the road you feel we will go to. Which countries have the types of wages jobs conditions that you hope the uk will attain? Where is this nirvana?

Rinoa

People who really should know better are fetishising the EU ‘single market’. The single market is essentially a common regulatory regime. It is not necessary to be in the single market to trade across borders with EU member states. In fact the USA manages to do nearly two trillion dollars of trade with the EU annually without paying a penny for access to the ‘single market’, without having to accept uncontrolled immigration from Eastern Europe or being subject to any loss of sovereignty. Bear this in mind when you read hysterical articles in the newspapers…

http://order-order.com/2016/10/14/single-market-membership-immigration-not-trade-preconditions/

cells

Rinoa wrote: »

http://order-order.com/2016/10/14/single-market-membership-immigration-not-trade-preconditions/

Firstly, a large chunk of the USA exports are to the UK so minus that figure from the above.

More importantly a lot of those exports will be protected by patents and copyright. America is the world leader in software and tech an industry where the EU tariffs cant work. If the tarriff is 1% or 10% or 20% it wont make a difference the EU still needs to import copies of microsoft windows and still needs to pay google and apple and IBM and.....and unless you think somehow the UK tech industry is going to best and take over the Americans its not a sector we can take

buglawton

gfplux wrote: »

http://www.independent.co.uk/news/business/news/brexit-latest-michel-sapin-france-us-banks-move-london-exodus-a7360681.html

"French finance Minister Michel Sapin said that US banks had confirmed to him they would move some activities out of Britain to other European countries as the UK prepares to leave the EU.
Sapin revealed that the executives of major US banks have told him they were working on contingency plans, after their meeting last week in Washington.
“While in Washington I spoke to large American businesses and banks,” Sapin said at press conference in Paris."

Should we take any notice. I thought that London would become MORE attractive as a financial centre post Brexit.

Brass plates to move from London to Paris. Brains to stay in London.

The_Last_Username

gfplux wrote: »

http://www.independent.co.uk/news/business/news/pound-value-currency-status-brexit-dollar-euro-latest-a7360956.html

The pound might fall out of the International Monetary Fund’s elite basket of reserve currencies if the UK fails to secure full access to the single market as it prepares to negotiate its way out of the EU, US rating agency Standard & Poor’s has warned.

Standard & Poor’s stripped Britain of its AAA status immediately after the Brexit vote in June, saying the leave result would "weaken the predictability, stability, and effectiveness of policymaking in the UK".

Ravi Bhatia, S&P’s director of sovereign ratings for Britain, said a “hard Brexit” settlement could jeorpardise sterling position as an international reserve currency.

What will the Tiger do then?

The IMF?
Ha ha ha ha ha ha ............... (splutters) that august body?

Together with the equally discredited World Bank; headed by the discredited Christine Lagarde?
Does anyone still trust these with anything?
All they are doing is espousing what the EU tells them to.
Below are just a very few examples of why these bodies are not very well thought of:

http://www.cadtm.org/The-doublespeak-of-a-discredited

http://www.buenosairesherald.com/article/219429/%E2%80%98the-imf-has--discredited-itself%E2%80%99

http://www.globalexchange.org/resources/wbimf/oppose

http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking208.htm

http://www.zerohedge.com/news/2014-04-12/all-presidents-bankers-world-bank-and-imf


Oh, and as for Standard & Poor's;

S&P knows exactly what it is, and so should everyone else. It’s the for-profit company which, while masquerading as a credit rating “agency,” bartered its coveted AAA ratings for increased profits.

http://www.huffingtonpost.com/rj-eskow/why-are-discredited-agenc_b_908198.html

So, what will "the Tiger" do then?
The same as many other countries I guess - place little reliance on the discredited, biased and frankly at times dishonest opinions of those like the above who would attempt interference.

cells

Conrad wrote: »

A mass of working people feel they have missed out on prosperity and been dumbed down to minimal pay transactional agents with little dignity.

I doubt many people on low wages think of themselves as undignified so why are you suggesting that they are?

Part of the Brexit mission is to rebalance the economy so it works better for everyone (as Mrs May said). These aren't abstract ideals. These are vital missions.

This has nothing to do with brexit or the economy it can perhaps be achieved with different tax rates and tax credits if you feel you need to pay more in taxes so the poor can get more credits

A lot of grown adults don't want to work for peanuts in a call centre or get paid by delivery for Amazon where a small elite collect all the rewards, they want to do something more real and satisfying

If they do not want to work for peanuts they need to upskill. What do you think is going to change over the next 2-4 years whereby a life long shelf stacker in poundland gets a high paid dignified profession? more importantly who will stack the shelves?

and only through a flowering of enterprise is this possible

a string of words that mean absolutely nothing

You poo poo it all you like, but a few years from now look back and reflect on it once you see a healthier society not so based on mass imports of labour and tatt,

migrants or not the jobs will be more or less the same. the tat we import is tat only in your eyes not in the eyes of the buyers

all selling one another houses and Ebay carp

The UK economy is ~ £1,900,000,000,0000 of value added of which house selling is not part of it.

Whats wrong with ebay now ?

Frankly I'm sick of calls from Google enhancers, lets see a few more cider and cheese makers, Tigers tugging udders

amen we need to shrink out service economy and start making tiger masks so we can milk cows dressed as tigers and sell it on as processed tiger milk to the Chinese

cells

CLAPTON wrote: »

you are seriously questioning this

The Clapton dance :j

Its where Clapton infers what he wants to infer and goes with it

Lets all do the Clapton dance :j