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If we vote for Brexit what happens
Comments
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Because brass plating is the modus operandi of all international companies who need to place legal financial transactions in a given jurisdiction where passporting doesn't exist.
My understanding, and I admit that I don't know for certain, is that a brass plate would give rights in that country rather than the entire EU.0 -
You reckon? There are two people on my floor at work who do exactly that (from Ireland & Italy) every week. High flyers (pun unintended) won't think twice about it.
There is a difference between saying
-everyone will do some
-and saying no-one will do sometime
-and saying some will do something and some will not.
the fact you know two people who commute that distance is not a good indicator of how many people who want a reasonable life/work balance, will move from London to Frankfurt and commute.0 -
At its very core, London is a face to face networking hub of synergy. One needs to cultivate a network in order to make trading gains, and this has to be off the record and face to face. You just can't ups ticks to Frankfurt and trade, it doesn't work that way.
Finance is a global business. Why do you think the NEW trillion dollar Dim Sum and Massala bond market is right now establishing in London, and nowhere else?
It is a fact that other Ruropean nations potentially could have referendums, and so it would make no business sense to take a further risk and move to such a place.
New EU regulations on financial services are comming down he pipe, and taxes are higher, bonuses smaller
Once again Remainers keep falling for fairy stories, Banks ALWAYS say they are going to leave, look at the 1992 Swiss EU referendum as but one example of this bed time story tactic
In my experience business meetings are generally booked at least a few days in advance. What generally happens is that people arrange several meetings over a few days and stay in London for the duration. It's really not difficult and if banks do relocate abroad it would quickly become the norm.
London is currently one of, if not the, financial capitals of the world so it makes complete sense for those bonds to be held here. Similarly for CNH. There's no reason for those markets to stay here if London drops down the list.
Indeed, other countries could hold their own referendums but the only certainty is that the UK is leaving.0 -
There is a difference between saying
-everyone will do some
-and saying no-one will do sometime
-and saying some will do something and some will not.
the fact you know two people who commute that distance is not a good indicator of how many people who want a reasonable life/work balance, will move from London to Frankfurt and commute.
I can't quite understand your post but I think that you're trying to say that I'm in no position to say that people will relocate. Similarly, of course, it can't be said that most people won't.
I think, however, that I'm on fairly firm ground when I say that most high earners would relocate. Paris, another city that's been suggested, would be even easier with the train.0 -
I can't quite understand your post but I think that you're trying to say that I'm in no position to say that people will relocate. Similarly, of course, it can't be said that most people won't.
I think, however, that I'm on fairly firm ground when I say that most high earners would relocate. Paris, another city that's been suggested, would be even easier with the train.
so we agree : the majority of people won't relocate and/or commute, but some (maybe even most) of the highest paid will scarifice a decent life balance0 -
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TrickyTree83 wrote: »It's a perverse situation.
Do you think that a region in a country should be able to have an equal say in the trade policy of 27 other nations as well as it's own?
Because of the Belgian system of government - that's what's happened.
Britain knew that when they joined 40 years ago.There will be no Brexit dividend for Britain.0 -
Nissan have already been to No 10, no doubt leaving Mrs May with no doubt what their expectations are.
BMW, VW, Toyota, Honda, Airbus, Rolls Royce and any other number of major manufacturers will all no doubt be making the same journey over the next few weeks.
Free trade or subsidies?
The talk in the the street that Nissan have been offered a billion dollar bribe and are thinking it over.There will be no Brexit dividend for Britain.0
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