If we vote for Brexit what happens

setmefree2

JP Morgan's Jamie Dimon - Just Kidding, Brexit Won't Mean Many Jobs Moving Out Of London

https://www.forbes.com/sites/timworstall/2017/04/05/jp-morgans-jamie-dimon-just-kidding-brexit-wont-mean-many-jobs-moving-out-of-london/#384dcf37369e

Conrad

India - the EU have spent years in fruitless talks to get a trade deal with India - wouldn't it be rather good if the chippy nimble UK pulls one off, lol!


A key Brexit argument was that it's hard cutting deals with the EU 28 squabble shop.

mayonnaise

setmefree2 wrote: »

India is the third largest investor in the UK

Is this what they call an alternative fact?

TrickyTree83

Conrad wrote: »

India - the EU have spent years in fruitless talks to get a trade deal with India - wouldn't it be rather good if the chippy nimble UK pulls one off, lol!


A key Brexit argument was that it's hard cutting deals with the EU 28 squabble shop.

One of my main reasons for voting to leave.

If cutting a trade deal with China, India, Canada, Australia, USA results in higher living standards for people in this country then that's what we should do and quite frankly balls to Italian tomato growers or Romanian visa squabbles. I have nothing against the people of those countries, but the EU in that respect is definitely holding us back.

A_Medium_Size_Jock

mayonnaise wrote: »

Is this what they call an alternative fact?

Not according to statistics over certainly the past two years, no.
Just "fact", plain & simple just for you.

From 2015:

According to a report earlier this year from government department UK Trade & Investment (UKTI), India is now the third-largest source of foreign direct investment into the UK.

http://www.bbc.co.uk/news/business-34787765

September 2016 from gov.uk:

UK still Europe’s top investment destination. India emerges as the 2nd largest international job creator in UK and the 3rd largest investor overall.

https://www.gov.uk/government/world-location-news/uk-still-europes-top-investment-destination-with-help-from-india

A_Medium_Size_Jock

setmefree2 wrote: »

https://www.forbes.com/sites/timworstall/2017/04/05/jp-morgans-jamie-dimon-just-kidding-brexit-wont-mean-many-jobs-moving-out-of-london/#384dcf37369e

Oh now you may well send certain segments of the pro-remain camp into apoplexy!
You know that there is no truth other than the negative.
All else must be [STRIKE]ignored[/STRIKE] dismissed.

A few interesting (or should that maybe be upsetting?) highlights from your link:

Even just last week we were being told that locations in Dublin and other points rEU were being scouted. Now we're being told it's all of no great matter and if there are any job movements it'll all be a minor number.

the head of JP Morgan has admitted he will not move many jobs out of Britain in the next two years as a result of Brexit, in a U-turn on his pre-referendum warning that a vote to leave the European Union could mean as many as 4,000 jobs moving across the Channel. Jamie Dimon, chairman and chief executive of the Wall Street giant, said that the bank will need to obtain licences and permissions to operate across the EU, but that it can still service European clients from the UK.

As JP Morgan's Jamie Dimon says, Brexit is going to mean some minor move of regulatory staff out of The City of London in order to preserve EU passporting rights and really, not much more than that.

davomcdave

Conrad wrote: »

So Remainers told us a deal would not be possible as it would encourage other nations to leave, that we would be punished;


EU chief Jean Claude Juncker warns 'everybody will lose' if Brussels and UK don't secure a Brexit deal

Chief negotiator Michel Barnier added EU wants success with, and 'not against', the United Kingdom

The President of the European Commission said a failure to reach an agreement would be the “worst possible outcome” for people on both sides of the Channel.


http://www.independent.co.uk/news/uk/politics/eu-jean-claude-juncker-no-brexit-deal-warn-everybody-lose-brussels-uk-european-commision-a7667411.html

Just because something is the worst possible outcome doesn't make it an impossible outcome or even an implausible one. Take the prisoners' dilemma for example.

As for fruit picking, if it's that good, why is it only immigrants with little or no English doing it? We'll see if there are thousands of frustrated fruit pickers out there rushing to fill these newly highly-paid roles after Brexit. I'm dubious but we'll see.

davomcdave

A_Medium_Size_Jock wrote: »

Oh now you may well send certain segments of the pro-remain camp into apoplexy!
You know that there is no truth other than the negative.
All else must be [STRIKE]ignored[/STRIKE] dismissed.

A few interesting (or should that maybe be upsetting?) highlights from your link:

Out of interest how do you think Dimon knows that JP Morgan will be able to service clients from the UK post-Brexit? The fact is that he has no idea. If the EU insists that Euro trades clear in the Eurozone, rather as Australia insists that CHESS settlements are completed in Australia, then a pretty good chunk of JPM will have to move to the EU. Far from all of them and I don't know their business model well enough to know how much but it will be more than a trivial number for an international broker-dealer.

mayonnaise

A_Medium_Size_Jock wrote: »

Not according to statistics over certainly the past two years, no.
Just "fact", plain & simple just for you.

From 2015:

http://www.bbc.co.uk/news/business-34787765

September 2016 from gov.uk:

https://www.gov.uk/government/world-location-news/uk-still-europes-top-investment-destination-with-help-from-india

You need to read your links more carefully.

and retained its position as the third largest investor in Britain second time in a row providing 140 projects. India closely follows China (which includes Hong Kong) with 156. The USA remained the UK’s largest source of inward investment providing 570 projects.

Throughout last year, India invested in 122 projects in the UK, compared with 124 for France and 564 for the US.

Projects.

If you want to talk actual value, Arklight provided a link earlier in the thread.

https://en.portal.santandertrade.com/establish-overseas/united-kingdom/foreign-investment

Conrad

davomcdave wrote: »

As for fruit picking, if it's that good, why is it only immigrants with little or no English doing it? We'll see if there are thousands of frustrated fruit pickers out there rushing to fill these newly highly-paid roles after Brexit. I'm dubious but we'll see.

As I've always said, Remainers have this resigned council of despair attitude, whereas I say we must ensure the unemployed work for their living. We have to be more imaginative and resolved to the idea many of the answers are staring us in the face.


Same story with lack of on the job training - we need to re-learn old habits and stop relying on the lazy answer of importing people


Farmers might have to pay a living wage, you know so ALL OF US GET A FAIR SHOT AT LIFE.
If prices rise a bit, well that's a price worth paying for a more cohesive society - and we have an obesity crisis - so if budgets are squeezed, there's a good reason to consume a little less


Instead of throwing up hands in despair, lets explore the answers