Brexit, the economy and house prices part 5

System

It's patently obvious that banker bashing is not about right or left. It's a wealth thing.

I'm fairly certain that the skinhead goons vandalising cars while shouting "FREE TOMMEH" aren't also sitting at home saying "Those bankers do a good old job".

Ballard

Graham_Devon wrote: »

Anyone with a level of intelligence should also realise that senior bankers on 100's of thousands a year are very unlikely to end up on benefits

1. Because they will be highly employable.
2. Because they would most likely fall foul of the upper savings limit for benefits.

Anyway - I thought they were all going to move abroad? That used to be the argument and certainly was around the time of the vote. Many of us were questioning whether actually families would uproot their entire family and simply move abroad.

Now, we've gone full circle and have to assume they will sit on the dole.

In that post I specifically referred to highly paid staff rather than highly paid bankers but if highly paid bankers do leave then there’s a very good chance that their support staff jobs will follow them. Back office workers generally earn a bit above the national average.

Graham_Devon

Ballard wrote: »

In that post I specifically referred to highly paid staff rather than highly paid bankers

Er, no. You didn't.

but if highly paid bankers do leave then there!!!8217;s a very good chance that their support staff jobs will follow them. Back office workers generally earn a bit above the national average.

Of course. But other jobs will arise. We keep going over the same thing.

Remainers like yourself will only allow yourself to see the losses.

If Uber lost their case and couldn't operate in London - do you think those taxi's would simply dissapear and not be replaced by something else?

kabayiri

Wait a minute, wait a minute...

Was I supposed to vote to protect the bankers?

Sheesh, you guys could have told me this before.

Maybe put a footnote on the voting slip or something. You know the style.

"Every XXX minutes a senior banker has to make do with normal Dom Perignon instead of Mathusalem.

It doesn't have to be this way. Just £2,800 a week from you would go a long way to ensuring this does not happen.

Think fizz. Think posh. Think banker."

Herzlos

I thought all the banker bashing of 5 years ago was aboit the lack of regulation and huge risk taking, where the risk was disproportionately on the depositors and not the bankers.

We do need people to run accounts and do all the trading/investment, but we don't need them to be reckless with other people's money whilst chasing massive bonuses.

I suspect a lot of those hating bankers are brexiteers (who seem happy to get rid of them) and I suspect that stems from jealousy at people who can afford nicer things.

Like them or not; they generate about 11% (iirc) of our economy and we'll struggle to recover that if they leave.

I may not personally like them and their cavalier attitudes, but I certainly like that the amount of tax they pay for services they likely don't use (nhs, state schools, busses, etc), means I don't need to pay so much.

Losing the banking industry (which we will if we don't stay in EU/EEA) is catastrophic for anyone who actually thinks it through. How much more tax do you personally want to pay to get rid of the bankers? 10%? 20%? More?

Thrugelmir

Graham_Devon wrote: »

Anyway - I thought they were all going to move abroad? That used to be the argument and certainly was around the time of the vote. Many of us were questioning whether actually families would uproot their entire family and simply move abroad.

High possibility that the job has brought them to the UK. They'll simply relocate elsewhere to find suitable employment. No shortage of jobs in Asia.

Herzlos

The bankers won't be struggling; they'll move elsewhere and everyone who was relying on their money will struggle. They are one of the few demographics that will have no problem relocating to anywhere in the world they want.

Thrugelmir

Ballard wrote: »

In that post I specifically referred to highly paid staff rather than highly paid bankers but if highly paid bankers do leave then there’s a very good chance that their support staff jobs will follow them. Back office workers generally earn a bit above the national average.

Insurance companies have been progressively picked off by foreign investors in recent years. No one cares when valuable jobs disappear in this manner.

Ballard

Thrugelmir wrote: »

Insurance companies have been progressively picked off by foreign investors in recent years. No one cares when valuable jobs disappear in this manner.

Perhaps you don’t care but some of us do. Some of us want this country to prosper.

kabayiri

Ballard wrote: »

Perhaps you don’t care but some of us do. Some of us want this country to prosper.

The key word here is "country". Now, I hope people can be honest here, but is this really the case?

Well, large numbers of Scots didn't feel the prospering love from Westminster did they? The common complaint was that they were forgotten.

The 2015 saw a significant regional vote for a ragtag UKIP. Again, I don't think it was a reflection of affection for London bankers.

The collective argument obviously has merit if you're a numbers person. But the reputation of bankers is still tarnished by the GFC. If you believe that they triggered the crash, leading to austerity, you're really going to need more time to forgive aren't you.

It probably wasn't a good time to call a referendum hoping for collective spirit. Maybe we are more self centred now.