If we vote for Brexit what happens

A_Medium_Size_Jock

gfplux wrote: »

I post this article from the New York Times with no comment other that this wonderful quote.

"“It just made perfect sense to focus everything in a U.K. entity,” Mr. Kemp says. “Now, we are looking at unwinding that ball of string that we’ve worked so hard to put together over the last 20 years.”"

https://www.nytimes.com/2017/05/11/business/dealbook/brexit-uk-london-banking.html?smid=fb-nytimes&smtyp=cur&_r=0

It also has a great photo of the escalators at Canary Wharf

Given the GFC and the resulting dissatisfaction with bankers, I'm not sure that being the planets financial capital is necessarily a good thing.
What do they say about the forthcoming EU major changes to banking?

A_Medium_Size_Jock

gfplux wrote: »

Such is the life of a keyboard warrior in his darkened room that he will shoot from the hip without reading a link.
The above is a reasoned and balanced view from the Times of the "bill"
It is not partisan. I posted it so that we could all understand better why the money may be owed and how the matter might be resolved.

"Not partisan" - and yet you ignore the earlier explanation of why even EU lawyers suggest it is not legally owed?
Why, then?
Is The Telegraph or the Metro not as "reasoned and balanced" as the Times?
Even The Centre For European Reform covered this story:
https://www.cer.org.uk/in-the-press/%E2%82%AC100bn-brexit-bill-legally-impossible-enforce-european-commissions-own-lawyers-admit

http://www.telegraph.co.uk/news/2017/05/06/100bn-brexit-bill-legally-impossible-enforce-european-commissions/

CKhalvashi

Thrugelmir wrote: »

Austerity isn't going away any time soon. As a business you need to take the long term view and be better than your competitors.

I'm referring to cost of living too.

We have a unique offering that no one else can offer, however the question is whether the public will pay for something. If wages stagnate and costs of living rise, people will spend less.

With a business that trades directly b2b, but requires the public spending money to stay in business, this is my main concern.

Turnover was down 2% last year, although a majority of that was due to choices I made, and nothing to do with Brexit. Any expansion plans and future structure will be decided directly on what Britain seeks with the EU, due to the nature of the business.

Thrugelmir

CKhalvashi wrote: »

We have a unique offering that no one else can offer, however the question is whether the public will pay for something. If wages stagnate and costs of living rise, people will spend less.

That's a challenge for many reasons. To which there's no easy or quick solutions.

For a business there's no divine right to linear growth. Turnover is only one aspect. Improving margins and keeping overhead costs under control are others. Then there's the bugbear of many a small business a bad debt or loss of a major customer.

gfplux

Nothing to do with Brexi, but
http://www.sunderlandecho.com/news/sunderland-engineering-firm-grundfos-to-cut-almost-a-third-of-its-workforce-1-8534701

A Sunderland engineering firm has announced plans to cut almost a third of its workforce. Pump manufacturer Grundfos is in talks with staff representatives over plans to axe up to 50 jobs as part of a Europe-wide restructuring.

Thrugelmir

gfplux wrote: »

Nothing to do with Brexi, but

Might as well consign this thread to the Moneysavers arms if it's going off topic.

ess0two

Thrugelmir wrote: »

Might as well consign this thread to the Moneysavers arms if it's going off topic.

Or just rename it the gfplux thread, all about Brexit from an armchair in Luxembourg.

Thrugelmir

ess0two wrote: »

Or just rename it the gfplux thread, all about Brexit from an armchair in Luxembourg.

Not even Brexit. Might as well be titled what can I find that's negative about the UK economy story thread.

Moby

Tromking wrote: »

You make a good point.
For my own sanity I have to separate my views on Brexit from this Tories Government's appalling treatment of the public service I have worked in for 30 years. I do admit to being conflicted in this election, and I haven't a clue who I'm going to vote for.
Like a growing amount of people I don't identify with any one party and have voted for most parties in my time.
If I'm honest I`m waiting for a party that represents my left leaning, socially conservative instincts.

I think its appalling how prison officers have been treated. The number of assaults and serious incidents, prisoner suicides, drugs etc is directly linked to the slashing of staff numbers. I see prisoners who are subjected to 23 hour lock up because there are no staff to supervise them. Now they are trying to fix the prisons crisis they created by replacing the experienced staff with new young much lower paid entrants who are crammed into wholly inadequate OMU's.They privatised half of the Probation Service and guess what, no suprise the latest inspection reports describe a huge decline in performance. Enjoy your retirement you deserve it. Almost there myself!

Ballard

A_Medium_Size_Jock wrote: »

Given the GFC and the resulting dissatisfaction with bankers, I'm not sure that being the planets financial capital is necessarily a good thing.
What do they say about the forthcoming EU major changes to banking?

This smacks of "We might lose quite a few bankers because of Brexit. Let's pretend now that that's not important so that if it does happen we can say that it's a good thing".

In reality the financial services are massive to the UK and any loss would hurt us tremendously. There's a lot of talk from Brexiteers about how respected we are globally and how we will prosper once we aren't 'dictated to by Brussels/Berlin'. One thing that we are known worldwide as being the best is financial services. If that were to diminish then I would expect our standing in the world to shrink.