I did maintain a controlled immigtation stance at the beginning of the debate if we were suddenly to have a stupid amount of people immigrating here in a short time (how many that is i dont know) but am not opposed to freedom of movement. Someone mentioned earlier that ideally what we should be doing is investing more into the infrastructure to support a population rise. To a certain extent i agree with this People not of uk origin and especially economic migrants are generally harder workers and are a net contributer. In particular the economy is more important that our existing immigration issue so to trade with the eu is far more important. With the argument that we are getting the same deal with the eu from when we are out but without the voting rights, the difference is we are free to implement trade agreements with othwr countries and diversify our trading from the eu.
Tbf whilst i agree the chinese dont generally take the handouts as its not part of our culture or the older generation are not aware that it exists, there are a few chinese i know who are playing the system. Obviously no where to the level that some of our underclass have decided that that is a way of life.
Good news this morning. Markets continue to rise. The pound slopped only slightly again st dollar I think. Markets are seeing stimulus promises in Asia and us
While the central point is valid in fact i made the point earlier in the thread that the remain camp should have pointed out the demographic neccecisity of raising the the number of youngsters in societ to keep a sufficient number in the working age bracket to support those outside said bracket . Indeed there is a suspicion that Merkels outrageous "arrive in Germany from Syria or Afghanistan and we will give you asylum" despite this breaching EU rules and leading to the scenes of death and chaos we all saw on out TV's. There is a central flaw in your statement as what we need to do is become more productive as that is the key to a successful economy. One could argue the almost never ending supply of cheap labour has in itself allowed companies to take the "easy" way out and not take on necessary important capital investment. A rise in GDP is an almost inevitable effect of a rise in population so is pretty irrelevant unless if far exceeds the productive capacity of the increased numbers.
It seems someone else thinks what i guesses as london job losses yesterday ............................. 100,000 jobs in the City could go in Brexit aftermath, says LSE boss Group business editor Ben Wright looks at how much it will cost the UK if bankers start quitting the City following Britain's vote to leave the EU: Many voices on both sides of the Channel have understandably and sensibly been calling for patience following the UK’s vote to quit the European Union. But time, tide and trade wait for no man; the business world will ignore them and keep on turning regardless. please log in to view this image On Tuesday, Felix Hufeld, who heads Bafin, Germany’s financial regulator, said the London Stock Exchange could not be based in London if its merger with Deutsche Borse goes through. That, ahead of a shareholder vote on the deal next week, is fighting talk. A number of German politicians have made similar noises. British politicians may be struggling to find the time to worry about the country’s financial markets infrastructure right now. But it needs to blip up on someone’s radar soon. 25m please log in to view this image Ben Wright ✔@_BenWright_ For every 1k banking jobs that go, the UK loses £100m/yr in lost tax and £325m in output, acc to@NewFinancialLLP:http://www.telegraph.co.uk/business/2016/06/28/heres-how-much-it-will-cost-the-uk-if-bankers-start-quitting-the/ … Follow please log in to view this image Ben Wright ✔@_BenWright_ LSE boss @xrolet has said he thinks 100k City jobs could go post-Brexit. That would mean £10bn in lost tax and £32.5bn in lost output. 9:16 AM - 29 Jun 2016 3535 Retweets 88 likes As it stands, there are two possibilities if the deal goes through: one of the eurozone’s main stock exchanges will be based outside the EU or the UK’s main stock exchange will be based outside the UK. With the somewhat febrile state of pan-European relations at the moment, neither of those scenarios sounds remotely tenable. ...................................
more good news: Rising stock markets boost pound The pound continued to rise for a second straight trading session despite fears over UK growth and investment following last week's decision by Britain to leave the EU. Investors appear to be taking some solace from the fact that the British government are in no rush to trigger Article 50. Michael Hewson, of CMC Markets, said: "With no likelihood of Article 50 of the Lisbon Treaty getting triggered any time soon it seems that the status quo isn’t likely to change in the short term, with an emergency EU Summit scheduled in September being penciled in for a new UK Prime Minister to submit plans for next steps." Sterling has climbed 0.65% so far today to $1.3413. please log in to view this image CREDIT: BLOOMBERG
Cameron continues the farage and jonhson line..... we apparently want to rip up the status quo and have the free market without paying in or having fre movement.... oh oh..... Here's a recap of what happened yesterday: David Cameron urges EU to reform freedom of movement rules to maintain Britain's economic ties with Europe David Cameron has told the EU it must reform freedom of movement rules if Britain is to maintain close economic ties with the continent in the wake of the referendum. In his final meeting with EU leaders before standing down as Prime Minister, Mr Cameron claimed that British voters backed a Brexit because people believe the country has “no control” of its borders. please log in to view this image Prime Minister David Cameron (L) is welcomed by European Commission President Jean-Claude Juncker Setting out the basis for a future British deal with the EU, he said Britain would only be able to maintain access to the single market if the bloc agreed to look again at its policy of open borders. The Prime Minister’s comments will be seen as a sign that senior Government figures believe that Britain will be able to negotiate an “exit package” with the EU over the coming months. That could allow Britain to retain access to the single market without having to accept unlimited immigration from the EU. Report by Peter Dominiczak and Matthew Holehous
Moody's appear late to the party .... Moody's cuts outlook on UK banking system after Brexit vote Banks appear to be unfazed by Moody's move to slash its outlook on the UK banking system. Last night, the rating agency moved its outlook on the UK banking system from "stable" to "negative", lowering its outlook on some insurers and banks, citing the negative impact from Britain's vote to withdraw from the EU. Follow please log in to view this image Mike van Dulken @Accendo_Mike UK bank shares laughing in the face of a Moody's downgrade 8:01 AM - 29 Jun 2016
As of now my poor understnading of these things leads me to assume there is a lot of preprogrammed buying driving shares higher and they are staying up during the day so the two days after the bad two days has done much on the ftse100 to get back to the headline number pre brexit who's lost out? the locals companies seem to be worst hit but the rising tide is lifting all boats .... the pound is up to 1.34 so 10% down since brexit. Stability in the knowldege nothings happening yet seems to have broken out... no crash? Now lets see what happens with business decisions and results post brexit...
So, Cameron(the UK)told in no uncertain terms that to gain access to the single market(financial heaven)we must accept freedom of movement as a right for EU citizens. If accepted by the next prime ministers government and in light of the out campaign admitting its main referendum claims were untrue we will be in a similar situation to where we were before the vote but with a financial burden that will take years to put right. There has to be accountability for this but instead Boris is being championed as the next Tory leader and prime minister, the country has gone to the dogs in recent years due to the global recession and austerity but this current mess was self inflicted.
It's surreal. All along I've been saying "surely this can't happen?" at various intervals as new idiocies are unfolded - yet they all come about. Boris as PM would be the final nail in the coffin of my faith in my own judgement. I really don't want to live in a country run by Boris. I'd move abroad - only the buggers won't have me now so I'm stuck with it. As for accountability for the scandalous lies on which the vote was won and lost, no-one will ever be brought to book over it because we meekly accept that lying is what politicians do. It's like someone saying vote for me and I'll send you a Merc but you get a Fiesta. It'll still get you about but it wasn't quite what you were expecting.
The London Stock Exchange has this morning changed its name. Here's the new vehicle for recovery. please log in to view this image
What you're seeing is a stabilisation in the markets as Article 50 has been volleyed into the long grass by Cameron There is hope in the market that the we will remain in the single market, and as of now nothings changed. Once (or if) article 50 is invoked then there'll be a huge tumble.
He should have hammered that point home before the ****ing vote though, I'd been talking about the examples of Norway and Switzerland for weeks. It's the direct comparable to our position and there's no way the EU are going to buckle to our demands on this issue, as they'll not want to be seen as being anything but strong in the way it deals with Brexit. That fat chump and the neo Nazi have lead the country up the garden path - well the dumb ****s at least - with blatant lies and untruths. As Saint says there's no accountability for it either, it's absolutely outrageous.
As I've said before, I'm no economist, but what you've said here seems like common sense to me. Nothing much is actually happening at the moment politically so the money markets are likely to stabilise for a while. Whenever there's anything going on then they'll respond to it again.
I watched a snippet of Newsnight last night and there was some Kraut MEP on it saying Britain shouldn't be rushed out, the referendum wasn't legally binding and we should have another vote.
whilst i agree to some degree, cameron volleyed that over into the long grass on Friday and we still saw falls on Friday and Monday. As everyone has been mentioning in the other thread, it was just investors doing their standard overreacting
