Brexit, the economy and house prices part 5

Enterprise_1701C

Herzlos wrote: »

http://www.bbc.co.uk/news/av/uk-politics-43246815/uk-will-allow-imperial-pint-bottles-of-champagne-again?ns_mchannel=social&ns_campaign=bbc_politics&ns_source=twitter&ns_linkname=news_central

So the uk is to re-introduce pints of champagne post Brexit. I'd never heard of them.

However, for it to be called champagne is needs to be bottled in France, where there's no such thing as a pint. So will we get them to make some UK only bottles or is this a waste of time?

I can't understand the need; does this fill any real niche between 350ml and 750ml bottles?

Actually, there is legally a Californian champagne.

Theophile

gfplux wrote: »

I will stand corrected if you can point out where and when the trade talks are taking place.
A politician saying we would like a nice trade deal does not count.

That wasn't aimed at you, gfplux, but to the keyboard warrior you replied to.

gfplux

Thanks to the Luxembourg Times we have a collection of those nasty cuts that is and will harm the UK in due course.
When it is understood that Luxembourg comes well down in the list of places that companys could move to because of Brexit. Dublin, Amsterdam, Paris, Frankfurt and Brussels its not doing too badly.

https://luxtimes.lu/luxembourg/32995-luxembourg-picked-by-more-than-20-finance-firms-after-brexit-vote

QUOTE
Luxembourg has clocked in more than 20 "top-ranked" finance firms over the course of the last year, which have chosen to set up shop or move activities to the Grand Duchy.

The moves come as Luxembourg competes with other European cities to attract businesses preparing for Britain's departure from the European Union.

The new arrivals in 2017, announced by public/private promotional body Luxembourg for Finance (LFF), included five banks, more than a dozen asset managers and 10 global insurers.

The five banks; Northern Trust, Citibank, JP Morgan, Julius Baer and China Everbright Bank; decided to expand or establish a presence in the Grand Duchy, as well as asset managers such as Blackstone, Carlyle, EQT Partners, Henderson Global, MJ Hudson and T Rowe Price.

Insurers ; AIG, Aioi Nissay Dowa Insurance, CNA Hardy, FM Global, Hiscox, Liberty Mutual, RSA, SOMPO, Tokyo Marine and Britannia; will also establish European hubs.

"Luxembourg is expecting further announcements from businesses over the coming months, whether in the insurance, fund management, banking or fintech sectors," LFF said.
END QUOTE

Luxembourg say thank you Brexit

gfplux

Theophile wrote: »

That wasn't aimed at you, gfplux, but to the keyboard warrior you replied to.

OK, Thanks.

Theophile

Herzlos wrote: »

http://www.bbc.co.uk/news/av/uk-politics-43246815/uk-will-allow-imperial-pint-bottles-of-champagne-again?ns_mchannel=social&ns_campaign=bbc_politics&ns_source=twitter&ns_linkname=news_central

So the uk is to re-introduce pints of champagne post Brexit. I'd never heard of them.

However, for it to be called champagne is needs to be bottled in France, where there's no such thing as a pint. So will we get them to make some UK only bottles or is this a waste of time?

I can't understand the need; does this fill any real niche between 350ml and 750ml bottles?

It's part of 'taking back control' and giving those unelected Brussels mandarins a good kicking.
We'll be able to buy 568ml bottles for around the same price of a 750ml one. That will teach them. Cheers to brexit!

HAMISH_MCTAVISH

Theophile wrote: »

It's part of 'taking back control' and giving those unelected Brussels mandarins a good kicking.
We'll be able to buy 568ml bottles for around the same price of a 750ml one. That will teach them. Cheers to brexit!

Yep.

Who cares about Britain getting poorer so long as they can buy Champers by the pint!

You couldn't ask for a better illustration of the 'Little Britain' priorities of some Brexiteers....:o

wunferall

A great example of EU price-rigging, champagne.

There are many great and far cheaper alternatives from around the world, my favourites being from South Africa, Oz, NZ and the USA. You couldn't ask for a better example of protectionism than champagne since there are many far-better alternatives at most price points and - once free of the EU - we have the opportunity to reduce prices for these alternatives if we want to. If the EU play silly beggars we have the incentive to do just that.

These bubblies will be far more attractively-priced than your French tiddy liitle bottles so you get more fizz for your quid too. Now I wonder what the French will do with a champagne lake? After all, the UK already bought 20% less champagne from France in 2017 and there's still a considerable dent possible to be made in the 27 million or so bottles imported to the UK last year.
So who really thinks the French will be happy at losing even more of their biggest market (by volume) ?

Rinoa

gfplux wrote: »

Thanks to the Luxembourg Times we have a collection of those nasty cuts that is and will harm the UK in due course.
When it is understood that Luxembourg comes well down in the list of places that companys could move to because of Brexit. Dublin, Amsterdam, Paris, Frankfurt and Brussels its not doing too badly.

https://luxtimes.lu/luxembourg/32995-luxembourg-picked-by-more-than-20-finance-firms-after-brexit-vote

QUOTE
Luxembourg has clocked in more than 20 "top-ranked" finance firms over the course of the last year, which have chosen to set up shop or move activities to the Grand Duchy.

The moves come as Luxembourg competes with other European cities to attract businesses preparing for Britain's departure from the European Union.

The new arrivals in 2017, announced by public/private promotional body Luxembourg for Finance (LFF), included five banks, more than a dozen asset managers and 10 global insurers.

The five banks; Northern Trust, Citibank, JP Morgan, Julius Baer and China Everbright Bank; decided to expand or establish a presence in the Grand Duchy, as well as asset managers such as Blackstone, Carlyle, EQT Partners, Henderson Global, MJ Hudson and T Rowe Price.

Insurers ; AIG, Aioi Nissay Dowa Insurance, CNA Hardy, FM Global, Hiscox, Liberty Mutual, RSA, SOMPO, Tokyo Marine and Britannia; will also establish European hubs.

"Luxembourg is expecting further announcements from businesses over the coming months, whether in the insurance, fund management, banking or fintech sectors," LFF said.
END QUOTE

Luxembourg say thank you Brexit

Banks require substantial funds and operations when moving to their EU offices. Finance companies and insurers don't, they can just brass plaque with all the real work done in London.

Ireland have complained bitterly to the Commission that Luxembourg are being very lax on regulation to entice firms to move there.

Well, they do have previous history don't they.

wunferall

Rinoa wrote: »

Banks require substantial funds and operations when moving to their EU offices. Finance companies and insurers don't, they can just brass plaque with all the real work done in London.

Ireland have complained bitterly to the Commission that Luxembourg are being very lax on regulation to entice firms to move there.

Well, they do have previous history don't they.

Talking of banks I was just reading this, which yet again rubbishes that project fear favourite of banking jobs disappearing from the UK.

A year before Britain is due to leave the European Union, top U.S. investment banks plan to hire far more people in London than anywhere else in Europe

Anne Murphy, head of the financial services practice at headhunter Odgers Berndtson, said U.S. investment banks were adding to their London-based workforce more actively than last year.

“It is fair to say that lots of banks are waiting as long as they can before pushing the button on any continental European relocation or hiring plans and even when that happens, in the short term the numbers involved will be in the 10s rather than the thousands,” she said.

She pointed to several large office lettings and lease extensions, and a number of initiatives in the UK capital, such as Citigroup’s recent decision to set up an innovation lab.

https://uk.reuters.com/article/uk-britain-eu-jobs/a-year-to-go-before-brexit-u-s-investment-banks-still-bet-on-london-idUKKCN1GE2A2

Moby

https://www.theguardian.com/politics/2018/mar/03/council-leaders-across-uk-believe-brexit-will-hurt-local-economy
More evidence for the brexiteers to ignore.