If we vote for Brexit what happens

CLAPTON

davomcdave wrote: »

People seem to be willing to continue to use Starbucks despite the terrible coffee and questionable use of tax laws. My guess is roughly 0 people will close their bank account with HSBC as a result of some traders moving to France.

It will mean a fairly sizeable chunk of taxes no longer being paid to the Exchequer though.

I do indeed boycott scarbucks, but on what principle or basis would one boycott HSBC.
HSBC has been off shoring back office / IT jobs for the last 10 years, many companies move jobs off shore.
Is there a general principle involved here or does everyone have a particular affection for more investment banks to grow and increase in the UK?

Ronaldo_Mconaldo

mayonnaise wrote: »

And... more good news for Global Britain.

http://www.independent.co.uk/news/business/news/brexit-latest-news-goldman-sachs-move-half-london-jobs-3000-employees-new-york-europe-eu-frankfurt-a7534776.html

Wow, run for your lives! Someone's going to consider something! Cancel Brexit!

davomcdave

CLAPTON wrote: »

I do indeed boycott scarbucks, but on what principle or basis would one boycott HSBC.
HSBC has been off shoring back office / IT jobs for the last 10 years, many companies move jobs off shore.
Is there a general principle involved here or does everyone have a particular affection for more investment banks to grow and increase in the UK?

I'm sure it doesn't matter and is all just a part of Project Fear. After all, the opportunities realised by Brexit will quickly swamp the loss in taxes and GDP caused by losing a few thousand well paid jobs in The City.

mayonnaise

Ronaldo_Mconaldo wrote: »

Cancel Brexit!

No way!
The plebiscite has spoken on June 23rd and their voice needs to be heard.

kabayiri

davomcdave wrote: »

People seem to be willing to continue to use Starbucks despite the terrible coffee and questionable use of tax laws. My guess is roughly 0 people will close their bank account with HSBC as a result of some traders moving to France.

It will mean a fairly sizeable chunk of taxes no longer being paid to the Exchequer though.

It's interesting. I won't use Starbucks, yet others in my family have no problems, which illustrates your point.

But once a mood sets in, it really sticks. I spend a reasonable amount of time in Liverpool. It will be a long long time before the people of Liverpool forgive The Sun newspaper for something which happened decades ago.

Long term though, these are wealthy people working in a knowledge-based activity. There isn't really anything stopping them from moving to Singapore or New York. France isn't exactly tax friendly if you earn well.

setmefree2

The_Last_Username wrote: »

No, HSBC have been wanting to move for years.
Or perhaps that should read that they have been looking for an excuse to move for years?

Indeed. Many banks are saying that the cost of living in London is more of a threat to the city than Brexit....

A_Medium_Size_Jock

Does this mean that thousands of London properties will hit the market at roughly the same time?
If so, what effect do you think that will that have on London house prices?
Will "ordinary" Londoners actually be able to afford housing in or near the city - instead of multiple generations to a house that we see now?


I wonder where this concern was when - for example - over 100,000 jobs were lost in the UK steel industry in the 80's?
Not as fat-cat as some bankers admittedly BUT these were not minimum-wage jobs.
PLUS many of these required benefits to live - unlike the bankers who will (we are told) move abroad.

Or the over 200,000 coal mining & related jobs lost since the mid-eighties; again, not minimum wage jobs. Again many requiring benefits since no other employment was - or indeed still is not to this day - available in anywhere near such numbers.

There are many more examples but there is one important point to note from all this:
The UK remains one of the richest, most powerful and fastest-growing countries on earth because we adapt to the changes brought about by problems like those listed above.
Why should the loss of a few bankers be any different?

kabayiri

davomcdave wrote: »

I'm sure it doesn't matter and is all just a part of Project Fear. After all, the opportunities realised by Brexit will quickly swamp the loss in taxes and GDP caused by losing a few thousand well paid jobs in The City.

Do you not think the government will try and bribe the regions who showed strong voting swings towards UKIP in the GE, and voting to Leave in the GE?

This is what previous governments have done.

I think PM May has one of the biggest challenges going. She has to try and negotiate a deal with the EU over Brexit whilst also placating divisions amongs't the electorate. If she pulls it off I shall be impressed.

wotsthat

Bankers staying - a vote of confidence in a post-Brexit Britain. Bankers leaving - they probably would've left anyway.

mayonnaise

Advance warning to any EU national browsing this forum.

The UK could see a fresh rise in hate crime against EU nationals after Article 50 is triggered, a UK watchdog has warned. Great Britain saw a surge in hate crime in the months following the decision to leave the EU on 23 June 2016.

http://www.ibtimes.co.uk/eu-citizens-could-face-new-hate-crime-wave-after-article-50-triggered-warns-watchdog-1601858

Tolerant Britain, 2017.