If we vote for Brexit what happens

prosaver

ruggedtoast wrote: »

The solution to the stupidity of Brexit voters and their xenophobia should be education.

Instead the UK has decided to respond by pulling itself out of the biggest trading bloc on the planet.

It's like treating appendicitis by amputating a leg, and makes about as much sense.

still getting brain washed by media https://www.rt.com/news/france-robbed-choice-sovereignty-947/

CLAPTON

gfplux wrote: »

Don't worry. It's the opinion of one man. The other problem is he could be called an expert. Oh and another reason to dismiss it, it was reported in the Guardian. Plus it was reported on the Google finance page, so it's got to be rubbish, hasn't it?

https://www.theguardian.com/politics/2016/oct/22/leading-banks-set-to-pull-out-of-brexit-uk

"Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas."

just a guardiaan opinion of one person so not really worth posting but for you, of course anything pro EU or anti Uk is worth posting

Thrugelmir

mrginge wrote: »

I think the penny may just be dropping that soft Brexit might not be an actual choice.

The govt have taken a hard-ish Brexit stance, not because it's necessarily the choice they want to take, but because it's the most likely outcome. Better to prepare markets and the public for that eventuality sooner rather than later.
Probabaly also better to focus time and effort mitigating for the downsides of hard Brexit rather than desperately trying to fight a lost cause.

Seven years and no agreement. Sums it up really. Imagine the internal disagreements within the EU about the UK's exit. Eire has a need to retain links with the UK to protect it's export markets. Both agriculture and all those US corporations with Irish HQ's . Whereas to Eastern Europe the agenda will have have a different focus.

Kohoutek

CLAPTON wrote: »

just a guardiaan opinion of one person so not really worth posting but for you, of course anything pro EU or anti Uk is worth posting

The 'opinion' in question is from the Head of the British Bankers Association.

Do you accept that he is an expert on the UK banking industry?

nkomp18

It isn't reported in the UK media (obviously to avoid panic and chaos) but UK banks have been reserving a lot of office space in Frankfurt. This is heavily reported in German media and is no longer speculation but fact.

There's a few articles on the matter out there in English too:
http://uk.reuters.com/article/uk-eu-britain-frankfurt-idUKKBN12H1B1

CLAPTON

Kohoutek wrote: »

The 'opinion' in question is from the Head of the British Bankers Association.

Do you accept that he is an expert on the UK banking industry?

were they in favour of the UK joining the Euro?
did they refute the IMFs view on our many recessions and the collapse after June 23?

if they dId, then I'll read their view a little more closely : anyway surely its too late as they will all be the gone by January

Kohoutek

CLAPTON wrote: »

were they in favour of the UK joining the Euro?
did they refute the IMFs view on our many recessions and the collapse after June 23?

if they dId, then I'll read their view a little more closely : anyway surely its too late as they will all be the gone by January

He is not giving an opinion on the merits of the euro or opining on the IMF's forecasts: he is relaying matters from his direct knowledge about the banks leaving London.

Ballard

CLAPTON wrote: »

lets take an example

the rewards on investment in future projects are uncertain.

I hope you can understand the implications but please feel free to ask if you don't.

There's a huge difference between a business investing and a business not knowing how they can conduct business in the near future. Taking financial services as an example, they don't know what the rules will be with regards to trading with Europe and in all likelihood won't know for at least two years. They do know that if they relocate to Paris, Frankfurt or Dublin they will be able to continue to trade. It would seem prudent to explore such possibilities.

buglawton

nkomp18 wrote: »

It isn't reported in the UK media (obviously to avoid panic and chaos) but UK banks have been reserving a lot of office space in Frankfurt. This is heavily reported in German media and is no longer speculation but fact.

There's a few articles on the matter out there in English too:
http://uk.reuters.com/article/uk-eu-britain-frankfurt-idUKKBN12H1B1

Some brass plates to get moved from London to Frankfurt, the Leeds of Germany. Good luck with that. The talent of course will be staying in London.

Moby

Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas..
Observer today!