Of course, they are banks. But this is all due to passporting rights, giving UK based financial services firms hassle free access to selling their crappy ‘products’ to punters in Prague and Lisbon and everywhere else in the EU with no barriers. Frankly I couldn’t give a **** if they all collapse in flames (apart from the ones looking after my pension of course) they add no value to anyone and the people working for them would be better human beings if they had to do something else. The only loss to us if they **** off is the tax take from these monster corporations and their high paid parasitic grunts. As DT has been telling us for ages all these companies know that there is no deal that can be done short of staying in the Single Market which will include services, so they have been shifting their assets, corporate identity and a few people around since June 2016. As of last October the Bank of Ireland was processing over 100 applications from investment management, insurance, banking and payments companies to move their registered centre of operations to Ireland. Bank of America/Merrill Lynch completed its move to Dublin last year. It will be shifting a load of jobs to France after 29 March (they aren’t hiding anything about their plans). Of course they all still have branches in London. Financial services isn’t as big a contributor to the economy as we are lead to believe, and the amount that is earned overseas is even smaller. I suspect it’s main contribution is the inflation of house prices in London. But a lot of people make their meagre livings servicing these people, cleaning their offices, overcharging for their plumbing, selling them sandwiches etc.
Not many Fat EU boys imo plus believe me they don’t get paid anywhere near what the corporate big boys do ... or those thin premier league lads
Whatever they get paid mate, along with their massive pensions, it’s too much and the money could be better spent else where.
Agree but as said Staines it’s a modern world mate and cannot be changed After Brexit they will all earn more and the man on the street will be worse off I get paid half of what I used to 8 years ago as I watched my skill set get managed by people on mega bucks and they do **** all for it apart from talk fluff I said **** it and moved away to a place I could afford to live ... the quality of life is more important ie e me and after Brexit a lot of people will suffer first ... your fat cats will continue I know this because I was in it now I give 10% of most jobs to medicine sans frontier ... only way I can get my head back
This is a much more interesting subject than Brexit. In theory I agree with you but in practice I have never seen a credible way to deliver it. Was reading about Eric Hobsbawn, the Marxist historian, this week. He claimed that even the 20 million deaths at the door of Stalin were a worthy sacrifice to build a better society. Not Eric’s life I note. Me, I’ve only got the one go at this stuff and I don’t want to waste it on violence in pursuit of an ideology which has a vague chance of delivering for future generations, no matter how noble. If really pushed I would probably resort to violence to defend some basic freedoms. But my life is ok, if I was really miserable and had nothing to lose I might feel differently. Like Paul I suppose I’m essentially looking after number one.
I will reiterate what I have said before, banks move money all the time. Barclays is moving a one 5th of it's money to Ireland as they expect a no deal Brexit. If there is a no deal Brexit (which I can see happening more everyday) the pound will take a hit. However once things settle you will see the pound grow again and the Euro will fall. Do you believe those banks and money will stay in a dying EU? Ireland will be broke if there is a no deal, will Barclays stay then? Too many remainers have too much faith in the EU when it's actually not doing too well. https://news.cgtn.com/news/3d3d674e78457a4d32457a6333566d54/index.html I have said many times Germany/Italy/France/Greece are in trouble (although France will suffer more at a later date when Germany has major problems). Business is business and moving stuff around is the way they survive. Deutsche Bank has signed a 20 year lease in the city of London... is that the fault of Brexit?
I believe banks will follow the money. But they are not as clever as they think they are. I also believe that if Germany/France/Italy etc are in trouble then we are too. And everyone is in trouble if China is slowing down. Everything is joined up, no countries except very poor ones are self contained. The ship has sailed on sovereignty, money is the king. If the EU collapses, we go down with it, whether we are in or out.
spot on re China but I have heard stories before about things that will happen to us and it hasn't materialised. Personally i would rather be on my own if something happens as i wouldn't want to carry 20 others.
Am I the only one who hadn’t realised that the backstop arrangements currently in the Withdrawal Agreement were actually proposed by the UK government and that the EU had compromised to accept them? So May is going back to Brussels to say ‘hey, you know the thing I insisted that we had in the deal, that I said we couldn’t do without? And that you reluctantly agreed to in order to get the deal done? Turns out I don’t want it after all, in fact it’s a ****ing nightmare, how dare you agree to it! What else have you got, I’m out of ideas’ She, and all the rest of our politicians, would be out of their depth in an empty paddling pool. ****wits.
yep deals are a two way thing and you sometimes need to compromise to get it over the line. Plenty of things that she has compromised with... EU citizens rights? Where is that confirmation from the EU side? However I agree, May was naive trusting remainers like Olly Robbins to add the Backstop in. I wonder why he did that? The most ridiculous thing is that he is still negotiating for us!
Breaking News: Italy has fallen into recession. This is a sad thing for them who have had a tough few years.
I have been saying this for a long time and was told on here by our 'financial experts' that I was talking crap... Well guess what chaps. https://www.theguardian.com/busines...rices-brexit-eurozone-gdp-italy-business-live This will hit the Eurozone big time and TBH it will be a good time to leave the 'Disaster Zone'. Germany will be next followed by a few more. No wonder they were so desperate for our money.
On the money totally Stan yet on here posts are being made on a day to day hour by hour basis as if this hasn’t been accepted . Anyone who even mildly supports May is stupid ... plain dumb imo This is what makes me cross when Ellers etc starts on with his coward French gear etc The EU has conducted themselves in a far more productive and professional manner imo yet what comes first after all of this? They are bullies etc etc It’s their fault
