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If we vote for Brexit what happens

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Comments

  • Ballard
    Ballard Posts: 2,986 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    gfplux wrote: »
    You obviously not heard of "Compliance Managers" who work for financial institutions. They follow the law, EU law.
    Look it up.

    https://en.m.wikipedia.org/wiki/Chief_compliance_officer

    Of course I've heard of them. They do indeed ensure that their organisation follows the law. They don't change the law, though. If the law states that a brass plate in Frankfurt allows them to trade with Madrid then they will. If it only allows them to trade within Germany then they won't.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    gfplux wrote: »
    You obviously not heard of "Compliance Managers" who work for financial institutions. They follow the law, EU law.
    Look it up.

    https://en.m.wikipedia.org/wiki/Chief_compliance_officer

    You obviously have no idea how complex regulation is in the EU. Yes London has long wanted to go "rogue" with loose regulations like "unnamed country" and "unnamed country" but many of us thought Britain was a civilised FINANCIAL country. That was before Brexit. We now watch and wait.

    difficult to know whether this was intended to be ironic.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Ballard wrote: »
    95 minute flight from London to Frankfurt. Very easy to fly out Monday and return Friday.

    Or to move to Frankfurt and fly back each weekend to stay in your London investment property, meet up with the wider family and friends.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    clearly some people will choose to relocate when jobs move location but its likely the majority will not. People have families, children at school, grandparents, friends, social activities etc which will be important factors.

    They have schools in Frankfurt and social activities!
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • The_Last_Username
    The_Last_Username Posts: 3,315 Forumite
    I've been Money Tipped!
    edited 23 October 2016 at 2:35PM
    gfplux wrote: »
    Reduce uncertainty so we all know what to do.
    gfplux wrote: »
    That was before Brexit. We now watch and wait.
    There you go with your royal "we" again.
    Why not remind readers of this thread to whom the "we" refers?
    "WE" in the UK?
    Since as I have said before, YOU previously have stated your position insofar as you never intend a permanent return from your home in Luxembourg.
    We in the UK may well see change; will you not be mostly immune from these changes in your Benelux home?

    By all means state your opinion in these threads.
    But please cease your attempted deceptions.
    The use of "you" for example in that highlighted above is more accurate unless you are for some reason attempting to deceive, is it not?

    BTW, re: "You obviously not heard of "Compliance Managers" who work for financial institutions. They follow the law, EU law."
    Misleading use of description there too.
    Try simplifying it to:
    "They follow the law. "
    Since it is certainly not necessarily EU-specific laws a Compliance Manager must follow.
    Compliance managers are responsible for keeping up-to-date with changing laws that affect the corporate world,
    https://www.sokanu.com/careers/compliance-manager/
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    BobQ wrote: »
    They have schools in Frankfurt and social activities!

    I sure they have grandparents, brothers and sisters, nieces, nephews, life long friends and I'm sure the children there have friends too : its just that most of them won't be yours.

    My view is that the majority of people will not move country because their job has moved.
  • BobQ wrote: »
    Or to move to Frankfurt and fly back each weekend to stay in your London investment property, meet up with the wider family and friends.
    Ah, there speaks one who has obviously not tried that recently.
    (And btw yes I have done this - or at least tried to, longer-term. Also I have been through and indeed to Frankfurt airport many times.)

    Quite besides the travelling to and from each airport (no mean task in itself) you have a minimum two hour wait from check-in until flight departure.
    In reality then, your "weekend" is one day long since the remainder is either travel or preparing for travel..
    If (that is) you're lucky and all goes well and to schedule AND if you leave on the Friday to begin your "weekend" - and you would be lucky to be "home" by midnight.
    Also you previously said Monday/Friday; since your Monday flight in whichever direction would need to be at no later than say 4am for a start at say 8 (so a 95 minute flight, plus disembarking etc.; then travel to place of work), you need to be at the airport by 2am ......... get the idea?

    Even if you're young(ish) and healthy, the continued commute every weekend slowly but surely takes its toll.
    Physically and mentally, as well as strain upon family (if you have one).

    So those few that may choose the travel option will slowly but surely decrease in number for these reasons alone.
  • gfplux wrote: »
    Let us all remember,
    Those that know, say nothing. Those that know nothing have a lot to say.
    Oh is THAT why you post so much?

    Then please explain how you (think you) know more than home-grown sources?
    "No decision has yet been taken. That decision making process concludes next month," a spokesman at Nissan told Reuters.
    http://www.reuters.com/article/us-britain-eu-tax-idUSKCN12N09K
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    I sure they have grandparents, brothers and sisters, nieces, nephews, life long friends and I'm sure the children there have friends too : its just that most of them won't be yours.

    My view is that the majority of people will not move country because their job has moved.

    I never said they would, but your belief is not found on fact it is just your opinion. Frankly it does not matter if they do or they do not, the point is that skilled work is moving from the UK to the EU.

    The functions those people perform will ultimately not reside here, corporate and personal taxes will be levied for the benefit of the German economy not ours. Furthermore the suppliers to those banks of goods and services in London will lose business and perhaps jobs. The people employed to deliver those functions in Frankfurt will sustain the provision of goods and services in Germany at the expense of those they used to sustain in London.

    This is what the experts meant when they said Brexit would cause the economy to contract. You may not care but those selling for example office cleaning services and running wine and sandwich bars in London and those employed by them will see things differently. That is the inevitable result of a hard Brexit.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • Ballard
    Ballard Posts: 2,986 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    I sure they have grandparents, brothers and sisters, nieces, nephews, life long friends and I'm sure the children there have friends too : its just that most of them won't be yours.

    My view is that the majority of people will not move country because their job has moved.

    People move all of the time for work. My brother now lives in Manchester, for example. He returns to London once or twice a year to see the family. My point is that although it wouldn't be easy to leave loved ones, when needs must it has to be done.
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