If we vote for Brexit what happens

Ronaldo_Mconaldo

mayonnaise wrote: »

Advance warning to any EU national browsing this forum.



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

Tolerant Britain, 2017.

No, it just saw an increase in reports of hate crime. How many reports were from the deranged imaginations of those who felt rage that slightly over half the country didn't feel the same way as them and so got onto Crimestoppers to pretend that they'd been attacked? I bet it was quite a few.

Sapphire

Sapphire wrote: »

Yes, and I think some people underestimate (or simply don't know) just how long our traditions of trading and banking are. I certainly didn't until studying the history of London. Barclays and other banks that still exist today were founded soon after the Great Fire of 1666, as was the Bank of England. The name 'gilts' comes from the original practice (of the early 1700s) of putting real gold borders around bonds. There are still trading and other organisations and companies in London that existed here in the Medieval period. The (free) superb Granville lectures have been held in the City of London for c. 1,500 years and are linked to trade, etc.

No other country has the unbroken traditions and expertise there are in London (not to mention the continuous dynamism of London, and its ever-changing nature). It would be very difficult to 'relocate' such things to countries on the Continent, which have no such traditions, or often even such long, unbroken histories. I would imagine some financial organisations might move offices to other countries, but cannot see them doing so in a major way.

I forgot to add that – importantly – all this has continued despite Germany's very deliberate attempt to obliterate it via the Blitz during the Second World War, during which most of the ancient buildings of livery companies, etc, were completely destroyed. Yet the organisations themselves were revived and many continue to thrive. It is remarkable, really, how resilient and strong we are as a nation.

Also remarkable is the way small countries such as Malta and Belgium are now issuing threats to us under the 'protection' of the European 'union'.:rotfl: :T

It makes me want to utter vulgar words…

A_Medium_Size_Jock

In Davos today:

Theresa May has told world leaders that Britain is "open for business" and said the country will be a champion of globalisation. Speaking at the World Economic Forum in Davos, Mrs May said the UK will take on a "leadership role as the strongest and most forceful advocate for free markets and free trade anywhere in the world".

This follows :

"Good speech," said Barclays chairman John McFarlane. "Set out path of new global Britain, new confident Britain, new open Britain built on principle of free trade and with social policy at the centre. It was a very clear, firm agenda."

And this:

Goldman Sachs CEO Lloyd Blankfein has also been speaking to Bloomberg.
"We were on track to move more and more of our global activities, global opps, global technology - all those things made more and more sense to operate out of the UK, out of Europe," he said.
"Now we are slowing down that decision.
"I worry about the UK outside of Europe, and I worry about Europe with the UK outside of it. Europe is a cocktail, if you take out that ingredient it changes the weighting and it changes the orientation."

http://www.telegraph.co.uk/business/2017/01/19/davos-2017-theresa-may-says-britain-open-business-brexit/

A_Medium_Size_Jock

Italy's Finance Minister says: "'The problem with Europe is Europe".

Europe has become a "problem" that has led to rising populism and disaffection across the entire bloc, Italy's finance minister has warned.
Pier Carlo Padoan said European institutions were no longer viewed as the solution to the plight facing the eurozone and wider European Union.

http://www.telegraph.co.uk/business/2017/01/18/problem-europe-europe-warns-italian-finance-minister-padoan/

A_Medium_Size_Jock

Some banking news regarding possible moves:

"All the banks are doing the non-harmful stuff first in an attempt to get ahead of the curve," a senior executive at one of Europe's largest banks said.
This will focus on areas such as licence applications, and building technology platforms, according to lawyers.
Some jobs could move or be created to help with this, but most banks will move the bulk of staff further down the line.

http://uk.reuters.com/article/uk-britain-eu-banks-idUKKBN1531U2?il=0

ETA - Forgot this bit:

"Most banks will make decisions on where to shift business by the end Q1, with initial headcounts of '100 to a few 100' to be moved," said one of the sources familiar with bank relocation plans, speaking on condition of anonymity.

Moby

This is the reality of course:-
Selective scouring of the internet for anything positive re. Brexit is just desperate hissing in the wind:-

Dutch PM says Britain will pay a 'huge price' for making curbing migration Brexit priority

Britain will pay a “huge price” for its decision to prioritise controlling immigration ahead of retaining membership of the single market, the Dutch prime minister Mark Rutte has said.
Speaking in Davos he said Theresa May’s speech on Tuesday showed she had “faced up to reality” about the kind of Brexit deal she could get. But her decision would have a “huge impact on the economic growth rate”, he said.

[The UK] is now making a choice to control migration, and they are paying a huge price because the economic growth rate of the UK will be impacted negatively by the fact that it will leave the biggest market in the world.
So they are willing to pay the price, but it has also a consequence for the rest of Europe but particularly for the UK.

antrobus

Moby wrote: »

This is the reality of course:-
Selective scouring of the internet for anything positive re. Brexit is just desperate hissing in the wind:-

I'm convinced that selective scouring of the internet for anything negative re. Brexit is just desperate hissing in the wind as well.:)

TrickyTree83

Moby wrote: »

This is the reality of course:-
Selective scouring of the internet for anything positive re. Brexit is just desperate hissing in the wind:-

Dutch PM says Britain will pay a 'huge price' for making curbing migration Brexit priority

Britain will pay a “huge price” for its decision to prioritise controlling immigration ahead of retaining membership of the single market, the Dutch prime minister Mark Rutte has said.
Speaking in Davos he said Theresa May’s speech on Tuesday showed she had “faced up to reality” about the kind of Brexit deal she could get. But her decision would have a “huge impact on the economic growth rate”, he said.

[The UK] is now making a choice to control migration, and they are paying a huge price because the economic growth rate of the UK will be impacted negatively by the fact that it will leave the biggest market in the world.
So they are willing to pay the price, but it has also a consequence for the rest of Europe but particularly for the UK.

So many sage-like economists in EU politics.

Do you reckon his forecasts are better than Osbornes?

Filo25

kabayiri wrote: »

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.

On the other hand she has the immense good fortune to be blessed with an utterly incompetent opposition, so maybe not a huge challenge after all.

A_Medium_Size_Jock

Meanwhile I see that Goldman Sachs has just rubbished German reports that they are planning to move from London.
The Germans being less than honest?
Who'd have thought that, eh?

Goldman Sachs has denied reports it is preparing to move jobs from London, after German media outlets suggested it would to cut its UK workforce following Prime Minister Theresa May's decision to prioritise greater immigration control and exit the European Union (EU) single market.

http://www.ibtimes.co.uk/goldman-sachs-rubbishes-reports-it-moving-jobs-out-london-1601982