Brexit, the economy and house prices part 5

Incredible_1

Australia tells UK to open tariff-free trade to world after Brexit: ‘It’s worked for us for 26 years’
http://www.independent.co.uk/news/business/news/brexit-latest-updates-eu-customs-union-uk-leave-trade-policy-australia-high-commissioner-alexander-a8206126.html

Incredible_1

So financials are going to leave the UK in droves according to Europhile doom-mongers.
In which case this must be wrong.

Citigroup to Invest in London, Hire Staff Despite Brexit

Wall Street bank Citigroup will set up an innovation center in London in one of the first investments by a big U.S. bank since Brexit, the Financial Times reported.

The center in London will also house the EMEA unit of Citi ventures and employees from across the company's businesses, in a boost for UK's financial services sector ahead of Brexit

https://www.newsmax.com/finance/streettalk/ft-citigroup-invest-london/2018/02/12/id/842770/

Theophile

Incredible_1 wrote: »

Australia tells UK to open tariff-free trade to world after Brexit: ‘It’s worked for us for 26 years’
http://www.independent.co.uk/news/business/news/brexit-latest-updates-eu-customs-union-uk-leave-trade-policy-australia-high-commissioner-alexander-a8206126.html

Australia doesn't have tariff-free trade.
http://dfat.gov.au/international-relations/international-organisations/wto/Documents/schedule.pdf

thor

Incredible_1 wrote: »

So financials are going to leave the UK in droves according to Europhile doom-mongers.
In which case this must be wrong.

Citigroup to Invest in London, Hire Staff Despite Brexit


https://www.newsmax.com/finance/streettalk/ft-citigroup-invest-london/2018/02/12/id/842770/

If you look further down the same article they also say

"About 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if it is denied access to Europe's single market, a Reuters survey in September found"

Theophile

thor wrote: »

If you look further down the same article they also say

"About 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if it is denied access to Europe's single market, a Reuters survey in September found"

You weren't supposed to read the article. :rotfl:

Incredible_1

thor wrote: »

If you look further down the same article they also say

"About 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if it is denied access to Europe's single market, a Reuters survey in September found"

Apart from being ancient news in modern terms, you're ignoring one important word from that.
"Survey".
Oh and surely everybody knows by now that with every positive about Brexit there absolutely has to be a "but".

Incredible_1

Theophile wrote: »

Australia doesn't have tariff-free trade.
http://dfat.gov.au/international-relations/international-organisations/wto/Documents/schedule.pdf

Tell the Oz High Commissioner, not me.
See if that helps you to feel better.

And I just realised that you have just proven that you didn't read the linked article!
You, who comments about not reading them!
:rotfl:
Try reading it and see where you went wrong.

Incredible_1

Merkel's days ARE numbered!
:T

Oettinger also conceded that this would be her final term as chancellor, if the new ‘grand coalition’ goes ahead

Merkel, SPD under renewed fire over German coalition deal
https://uk.reuters.com/article/uk-germany-politics/merkel-spd-under-renewed-fire-over-german-coalition-deal-idUKKBN1FW1C0

Thrugelmir

Incredible_1 wrote: »

Apart from being ancient news in modern terms, you're ignoring one important word from that.
"Survey".
Oh and surely everybody knows by now that with every positive about Brexit there absolutely has to be a "but".

Biggest threat to the banking industry is jobs. Head of Deutsche Bank reckons that a third will eventually be replaced by technology. Brexit impact will be minimal in the longer term.

Incredible_1

Theophile wrote: »

You weren't supposed to read the article. :rotfl:

I did read it, but it looks like you did not. September is very old news, try this from Saturday instead.
International groups are delaying or scaling back transfer plans as staff balk at moving.

Guess what? Not too many London-based bankers are willing to leave one of the world's great metropolises, teeming with cultural riches, to move to sleepy little Frankfurt because of Brexit. Whatever the charms the German city has simply can't compete with those of the British capital.

https://global.handelsblatt.com/finance/london-bankers-resist-relocation-frankfurt-brexit-882741