If we vote for Brexit what happens

vivatifosi

Hey Conrad, Mr Brexuberant, it is good to have you back.

davomcdave

Conrad wrote: »

Looks to be going ahead - and Headquartered in London which is another reason unhampered trade will likely continue;


Deutsche Boerse is the larger company but the combination has been carefully set up as a merger rather than a takeover. The decision to place the headquarters in London was part of that arrangement.


But it is unpopular with German politicians and regulators who fear a loss of influence (they favour Frankfurt)


http://www.telegraph.co.uk/business/2017/02/03/germans-demand-london-stock-exchange-moves-group-headquarters/

The problem Frankfurt has is scale. When the ECB HQ debate was going on I recall an article in the Economist that claimed that there were the same number of bankers in the Square Mile as there were men, women and children in Frankfurt.

My guess is that London will remain as a major centre but will just lose bits here and there. Over time they will add up to a big loss but it'll be losing influence by 1,000 cuts.

CKhalvashi

Thrugelmir wrote: »

The ability to financially support your spouse seems reasonable enough. Particularly in these challenging times.

Fair enough, and yes I do think at least one of the parties should be employed/retired, with the other intending to, and I also agree with the rules for those that are too ill to work.

I don't feel that there should be a fixed limit, other than rent and bills are paid though. There's a huge difference in living costs between someone renting in London and someone that owns their home on an £18k requirement. Surely anyone can see that?

TrickyTree83

CKhalvashi wrote: »

Fair enough, and yes I do think at least one of the parties should be employed/retired, with the other intending to, and I also agree with the rules for those that are too ill to work.

I don't feel that there should be a fixed limit, other than rent and bills are paid though. There's a huge difference in living costs between someone renting in London and someone that owns their home on an £18k requirement. Surely anyone can see that?

Nope, you can't vary the costs across the country. Can you answer why?

Australia tried varying it once, it didn't work out too well.

Conrad

davomcdave wrote: »

The problem Frankfurt has is scale. When the ECB HQ debate was going on I recall an article in the Economist that claimed that there were the same number of bankers in the Square Mile as there were men, women and children in Frankfurt.

My guess is that London will remain as a major centre but will just lose bits here and there. Over time they will add up to a big loss but it'll be losing influence by 1,000 cuts.

I do not think the losses will add-up at all, and furthermore many opportunities will present themselves and this will require more City workers.


Keep in mind the EU is not Bank bonus friendly at all and the very nature of Brussels is that it justifies part of it's existence by dreaming up new regulations.


The EU is inherently intrusive.


Also financial trading depends above all else on face to face networking built up over decades - little snippets of drunken conversation that give one an edge in a deal later on. You just cannot replicate this in Frankfurt or Paris. Information is everything and much of it is obviously off the record and face to face. I am reading the book about Bernie Madoff, written by a New York trader - face to face social networking is almost everything. The City is built on this, with the synergy of every related service provider in one place, from insurance to corporate lawyers.


Being in Paris or Frankfurt is all very well on a small scale and for local needs, but not for the serious end of things.

Conrad

For years we've had those 'Life Down Under' type shows about Brits seeking a new life in Australia and elsewhere. In all this time I've never seen the press reporting stories of Brits complaining about the entry requirements of these nations.


The answer to a better world with less poverty, and conflict is not immigration, it is people building up the developing world and demanding good politics.


Ugandan people need their nurses and Docs more than we do. Their taxes paid to train these professionals, they deserve the fruits of their investment.

setmefree2

Thrugelmir wrote: »

The ability to financially support your spouse seems reasonable enough. Particularly in these challenging times.

Even Labour seems to agree. Barry Gardiner said who you marry is a choice - you can always go and live in your OH's country - I was quite surprised!

setmefree2

Conrad wrote: »

The answer to a better world with less poverty, and conflict is not immigration, it is people building up the developing world and demanding good politics.

Amen to that. Anyone see Ross Kemp's Libya's Migrant Hell? Heartbreaking (and I swear after watching this you will never complain about anything ever again).

setmefree2

WTO's new global trade deal comes into force

An international agreement forecast to boost global trade by $1 trillion (£800bn) a year has come into force.
The Director General of the World Trade Organization (WTO), Roberto Azevedo, called it "the biggest reform of global trade in a generation".
The Trade Facilitation Agreement (TFA) involves streamlining customs procedures.
Mr Azevedo said it would have a bigger impact than eliminating all existing taxes on imports, known as tariffs.
It involves countries signing up to a long list of reforms, including easier access for businesses to information, reduced fees and simpler and faster procedures.
WTO economists estimated it would cut the cost of trading by 14.3%, and that developing nations would gain the most.

http://www.bbc.co.uk/news/business-39049074

setmefree2

The World Trade Organisation reborn

http://economia.icaew.com/en/opinion/february-2017/the-world-trade-organisation-reborn-wto-donald-trump-brexit