Brexit, the economy and house prices part 5

Graham_Devon

Ballard wrote: »

Yes I did. Ask a grown up to read my post to you.

It!!!8217;s good that you think that jobs will magically appear to replace any that might be lost because of Brexit. Well done you.

Go on then.

Highlight the part where you "specifically referred to highly paid staff". Until then, feel free to throw insults around. I find that always get's your points across far better.

Your post:

Ballard wrote: »

It!!!8217;s not just people on the left who realise that having people employed on above average salaries is better than the state paying them benefits. Anyone with a level of intelligence can surely see that.

Your post seems designed simply to deflect some potential bad news from your beloved Brexit.

Ballard

Graham_Devon wrote: »

Go on then.

Highlight the part where you "specifically referred to highly paid staff". Until then, feel free to throw insults around. I find that always get's your points across far better.

Your post:

No. You!!!8217;ve read my post (11298) but are unable to understand clear English. There!!!8217;s no point.

Kohoutek

Thrugelmir wrote: »

Much of this banking activity does little for the wider economy either. While individuals do pay higher levels of tax. Much of their capital and what they spend goes abroad. Fairer distribution of wealth isn't on their agenda.

A very odd statement on several levels.

1. "Banking activity" doesn't mean anything. Banks conduct many types of business just like any other industry.... And to say that banking in general doesn't support the economy is to misunderstand the role of banks.

2. Bank's capital does not 'go abroad' - UK banks are required by the regulators to hold capital in the UK.

3. What private business has redistribution of wealth on its agenda?

4. Actually banking supports many jobs other than 'bankers'. For example....

At the banks:

Middle office staff
Back office staff
Compliance
legal
finance
HR
IT
security
PAs
ther operational staff

Outside the banks:

Accountants
Lawyers
Consultants
IT
Government regulators
etc

phillw

Kohoutek wrote: »

2. Bank's capital does not 'go abroad' - UK banks are required by the regulators to hold capital in the UK.

Capital isn't what you think it is.

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2013/bank-capital-and-liquidity.pdf?la=en&hash=4E6A74BFADB0E6D353D72521520671B8779E56A2

https://www.bankofengland.co.uk/statistics/details/further-details-about-banking-sector-regulatory-capital-data

phillw

Rinoa wrote: »

It was remainers in charge who called the referendum.

Reese Mogg & Nigel Farage existed before the referendum. It was the power they were exerting that meant the referendum was called.

David Cameron didn't play russian roulette for fun, he was hoping the country would see sense and vote to remain.

kabayiri wrote: »

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

Right, leavers are more self centred. But it's a "take your ball away" type of tantrum that doesn't actually benefit you. The world isn't black/white and sometimes when you vote for something that benefits others, it also benefits you.

The people who told you that there was a benefit to you to leave just wanted to say anything to make you leave, no matter how believable it was. It's a pity Aaron banks only admitted that after the referendum.

https://www.bbc.co.uk/news/uk-politics-44446632

The benefit was purely theirs, let's read about him....

Who is Arron Banks?
Bristol-based insurance tycoon who was a Lloyd's underwriter before starting his own firms

So you voted leave to your detriment, to support rich people in the investment market. Good job.

kabayiri

phillw wrote: »

...
Right, leavers are more self centred. But it's a "take your ball away" type of tantrum that doesn't actually benefit you. The world isn't black/white and sometimes when you vote for something that benefits others, it also benefits you.
...

You talk about Leavers being self centred, when we are currently discussing bankers upping sticks and leaving because something doesn't suit them. They are just as self centred.

Let's just be honest. People in the capital probably have different priorities than those in some Northern old Labour heartland. So they are going to see things differently. I've no problem with that.

Obviously some will benefit from all this change. When the pound dropped after the vote, I had some interesting discussion with some Indian guys I know. They clearly had money to back their ideas but wanted to buy something up and running in the UK. Well, they followed through and secured some VC money to support their bid. I hope it works out.

Ballard

kabayiri wrote: »

You talk about Leavers being self centred, when we are currently discussing bankers upping sticks and leaving because something doesn't suit them. They are just as self centred.

We are discussing bankers leaving these shores because there’s a chance that they won’t have access to the EU if they stay. Self-centred in that they want to keep their jobs.

phillw

kabayiri wrote: »

You talk about Leavers being self centred,

You said you were self centred.

kabayiri wrote: »

when we are currently discussing bankers upping sticks and leaving because something doesn't suit them. They are just as self centred.

Right. Post brexit it's every man for himself. If you're willing to sabotage the country for whatever benefit you thought would happen, whether it's veiled racism, some misunderstanding about the economy, a deal that you have already made millions on, or something else. Then why should we not just dismantle the NHS, cut benefits etc. The conservatives are going that way already, so no point in wasting time and effort on fighting it. Better to spend time making money that we move offshore that benefits ourselves.

If you're not willing to share with the poor of the world, then why should we share with you?

You've opened our eyes to how we should only be looking after number one. We'll focus on actual things that will improve our own situation to balance all the negative consequences of brexit.

Escaping the tyranny of the uk government and going to a country with protection from the ECJ would seem to be a sensible choice for those who can easily leave.

phillw

ilovehouses wrote: »

Don't know how true it is but ministers are having their mobiles taken off them at the Chequers meeting to stop them briefing and tweeting during the meeting itself.

It's in the express, which adds weight to it not being true.

https://www.express.co.uk/news/politics/984649/brexit-news-theresa-may-chequers-mobile-phones-banned-ministers-remain-leave

ilovehouses wrote: »

This government reminds me of the last days of the Major government.

I just wish David Cameron had let it happen to him and not gamble on the referendum. The gamon is now foaming at the mouth because they can feel having the country in their grip without the protection of the ECJ.

It's got to be clear to everyone by now https://www.theguardian.com/business/2018/jul/06/government-has-no-clue-how-to-execute-brexit-without-harm-airbus-chief

I'm waiting for euro guido to post this....
https://www.theguardian.com/business/2018/jul/06/uk-high-street-sales-fall-for-fifth-month-running #despitebrexit

StevieJ

ilovehouses wrote: »

Don't know how true it is but ministers are having their mobiles taken off them at the Chequers meeting to stop them briefing and tweeting during the meeting itself.

This government reminds me of the last days of the Major government.

Also watches, Now children