If we vote for Brexit what happens

setmefree2

mayonnaise wrote: »

UK Construction Industry Dips Into Recession


http://news.sky.com/story/uk-construction-industry-dips-into-recession-10532814

Seriously? A smiley.

What's so funny?

mayonnaise

setmefree2 wrote: »

Seriously? A smiley.

What's so funny?

You told us to be more positive.

setmefree2

The Confederation of British Industry (CBI) has recommended that Britain put the USA "top of the list" as the Government negotiates future trade and investment relationships.
Britain invested £449bn in America in 2014, making it the single biggest investor in the US economy, according to the CBI's annual sterling assets report.

British companies supported over one million jobs across America in 2014, nearly a quarter of which were in manufacturing.
US exports to the UK increased to $123bn in 2015, up $5bn on 2014, making Britain the largest destination within the EU and the fourth largest globally for US products.
Trade in services between the two countries hit highs in 2015, with US service exports to the UK rising to $66.9bn and British services exports to the US climbed to $53bn, both up $3bn between 2014-2015.
The UK stood to be up to £10bn a year better off after the Transatlantic Trade and Investment Partnership (TTIP) between the USA and the European Union was implemented.
The CBI is recommending that the government should look to join the TTIP as a "third party".

http://news.sky.com/story/us-8216top-of-the-list8217-in-uk-trade-negotiations-10532607

setmefree2

mayonnaise wrote: »

You told us to be more positive.

Really?

This is what I call positive.

How the City of London can thrive after Brexit

Whilst key players in the City supported Remain for the sake of stability, many are now positive about the opportunities Brexit will bring. And with good reason. Once we get Britain out of the EU, expect to see the UK financial sector go from strength to strength

he City of London, perhaps the UK’s foremost breadwinner, was very loudly and very publicly pro-Remain during the referendum. Most people would then assume Londoners would be advocating and pushing for the lightest Brexit model on the table -- continued membership of the EU Single Market. This is not the case, with many prominent figures in the City now calling for withdrawal from the Single Market. Despite being fearful of Brexit, many now see it as an opportunity to increase the wealth and status of the City of London.

The EU is on the path to increased over-regulation of the financial industry, with the possibility of an EU-wide financial transaction tax. Being outside this regulation would give the City a massive advantage over the financial centres in Europe such as Frankfurt, and allow it to maintain its dominance.

Financial services regulation was one of the areas the UK was often outvoted on in the European Parliament. Outside the EU and the Single Market, the Treasury would be able to set regulations specific to British needs, which because of the size and importance of our financial sector, are very different to other EU members.

http://www.thecommentator.com/article/6390/how_the_city_of_london_can_thrive_after_brexit

I particularly like this bit.

These are not the only demands the big companies in the City are likely to make. Much of their workforce comes from abroad, and concerns have been voiced about a potential immigration crackdown. Here, the City clearly will not have to worry. The pre-Brexit immigration system has been a massive hindrance to the ability to recruit from outside the EU, with reams of talent in the rest of the world closed off to them.
Under a new, fairer, points-based system, it will be easier for the City to hire skilled workers from outside the EU, because of the reduction in immigration from the EU. Already more than half of all foreign workers in the financial sector come from non-EU countries. Without the forced preference given to EU workers, this figure would be much higher. The extra skills and talent brought into the City will be a huge boost after Brexit.

gadgetmind

setmefree2 wrote: »

Under a new, fairer, points-based system, it will be easier for the City to hire skilled workers from outside the EU, because of the reduction in immigration from the EU.

I'd love for it to be easy to hire from outside the EU just as easily from inside, I really would. I already do both and inside is a doddle and outside a total PITA.

However, 1) I expect hiring from anywhere to tend towards PITA territory, 2) it will be years before anything is in place and our serious problems are right here and right now,

mayonnaise

setmefree2 wrote: »

Really?

This is what I call positive.

http://www.thecommentator.com/article/6390/how_the_city_of_london_can_thrive_after_brexit

I particularly like this bit.

I particularly like this bit.

Ryan Fiske is a Research Executive for the cross-party, grassroots, Eurosceptic campaign Get Britain Out

Meanwhile, in the real world:

Brexit sees number of City jobs available in London financial sector drop 27%
http://www.independent.co.uk/news/business/news/brexit-city-jobs-eu-referendum-financial-sector-morgan-mckinley-employment-monitor-a7182241.html

gadgetmind

Hmmm, The Commentator is just a wee bit Daily Mail!

http://www.thecommentator.com/article/3770/the_islamic_future_of_britain

setmefree2

A new legal challenge to Brexit has been launched in a bid to stop or slow the U.K.'s plans to leave the European Union.

The case argues that the U.K. cannot formally extract itself from the EU because this would violate the terms of a treaty it signed in 1998 to secure peace in Northern Ireland.

The complicated treaty — called the Good Friday Agreement — laid out rules about political leadership in the region to end decades of violence.
McIvor Farrell Solicitors have filed the case in the high court in Belfast. They say an initial hearing could take place next week.
The law firm also argues that an exit from the EU would be unlawful until members of parliament vote to approve the move.

http://money.cnn.com/2016/08/12/news/brexit-legal-cases-lawsuits/

setmefree2

gadgetmind wrote: »

I'd love for it to be easy to hire from outside the EU just as easily from inside, I really would. I already do both and inside is a doddle and outside a total PITA.

Maybe it's a PITA because we have too many people coming from the EU that we don't really need. That's why people advocate an Aussie points based system.

setmefree2

Some hard data "points" coming next week.

Tuesday - UK Inflation July
Wednesday - UK Employment data July
Wednesday - UK Retail Sales July