Brexit Two Months On

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IanM said:
And of course several retractions of this were issued this morning.
...
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Yeah? Where?

Of course, businesses - especially Banks - should be developing contingency plans for the various scenarios that Brexit could impose. And Banks have an obvious question - how will they be able to do any business at all in Europe?!
 
Old Skier said:
There are no concerns over the border as it was shown to work prior to our entry to the common market and the majority of the Welsh wanted out so were are you getting your info from or are you just recirculating DfT,s prejudice views again.
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No concerns over the NI/Eire border? - you kidding me!

#1 - an open EU/UK border allowing immigrants to enter the UK via Ireland (never mind customs etc issues) - or a closed border putting at risk the huge advances made in inter-community relations in NI since the Anglo-Irish Peace agreement.

It worked prior to UK joining the EEC because the Anglo-Irish treaty of 1922 was in place - and mass movement of peoples across and between continents did not exist. It worked after the UK joined the EEC because Eire joined the EEC on the same day.

Wales has simply got fewer complications for the parties to consider.
 
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IanM said:
No...just referred to Ireland as that's what the post was about.

Scotland is part of the U.K...For now.....

Not being a Scot I wint get a vote on it and as we know, if the left lose a referendum, they'll want to keep having them until the voters get the right answer! :D
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The post was about the border.......well dodged.
 
So a question on Scottish Ref #2...

T-May says she will invoke the Article 50 in March to start the time bomb for the exit. If Ms S then holds Indy Ref #2 any time within that 2 year period and 'wins' it i.e. Scotland decides to go its merry way, then since it is still technically a part of EU does it still need to 're-join' EU or can it say that 'we never left, so continue as usual'? Just a thought (and probably as how Lady S is thinking too)
 
vkurup said:
So a question on Scottish Ref #2...

T-May says she will invoke the Article 50 in March to start the time bomb for the exit. If Ms S then holds Indy Ref #2 any time within that 2 year period and 'wins' it i.e. Scotland decides to go its merry way, then since it is still technically a part of EU does it still need to 're-join' EU or can it say that 'we never left, so continue as usual'? Just a thought (and probably as how Lady S is thinking too)
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Sturgeon needs to get permission from UK Government to hold IndyRef2.

Without that it's merely an opinion poll!
 
vkurup said:
Good to hear that the Banks are making plans to leave/relocate..
http://www.bbc.co.uk/news/business-37743700

... Some might say, that is not a problem.. after all what have the Banks done for us? Other than employing a couple of million people directly or indirectly, paying handsome bonus which is then trickled down in various forms, push up house prices, bloat up pension pots via the stock market, pay taxes that fill the coffers and is UK biggest export. ... nah, nothing important here.
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Public lobbying, nothing more. The banks are just posturing to cover their own backs as usual. There's no way London will not remain the financial hub of Europe and the banks know it. If any leave their places would just be taken by other financial institutions. Banks will not risk losing a foothold in London by moving elsewhere. It's easy to give counter arguments to your list of positives. How about scandal after scandal with bankers disgracing themselves and employers with dodgy dealings, massive bonuses for poor performance, massive golden handshakes when they are caught out. Not forgetting the bankers being a major cause to the biggest financial crisis ever in 2008, for which us plebs are still paying dearly, while they continue to pocket obscene amounts of cash. Just saying, for balance sake.
 
MarkE said:
Public lobbying, nothing more. The banks are just posturing to cover their own backs as usual. There's no way London will not remain the financial hub of Europe and the banks know it. If any leave their places would just be taken by other financial institutions. Banks will not risk losing a foothold in London by moving elsewhere. It's easy to give counter arguments to your list of positives. How about scandal after scandal with bankers disgracing themselves and employers with dodgy dealings, massive bonuses for poor performance, massive golden handshakes when they are caught out. Not forgetting the bankers being a major cause to the biggest financial crisis ever in 2008, for which us plebs are still paying dearly, while they continue to pocket obscene amounts of cash. Just saying, for balance sake.
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Sounds like an argument for actually getting rid of them!! :whistle:
 
vkurup said:
So a question on Scottish Ref #2...

T-May says she will invoke the Article 50 in March to start the time bomb for the exit. If Ms S then holds Indy Ref #2 any time within that 2 year period and 'wins' it i.e. Scotland decides to go its merry way, then since it is still technically a part of EU does it still need to 're-join' EU or can it say that 'we never left, so continue as usual'? Just a thought (and probably as how Lady S is thinking too)
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Never left...... according to the EU big wigs.

Then cue mass exodus of London financial based services to Glasgow/Edinburgh/Aberdeen and perhaps Belfast as well.
Northumberland and Cumbria apply to become Scottish to seek better employment opportunities

Walengland PM Boris declares it will all be a lot better next year, honest you know that you can trust me.
 
MarkE said:
Public lobbying, nothing more. The banks are just posturing to cover their own backs as usual. There's no way London will not remain the financial hub of Europe and the banks know it. If any leave their places would just be taken by other financial institutions. Banks will not risk losing a foothold in London by moving elsewhere. It's easy to give counter arguments to your list of positives. How about scandal after scandal with bankers disgracing themselves and employers with dodgy dealings, massive bonuses for poor performance, massive golden handshakes when they are caught out. Not forgetting the bankers being a major cause to the biggest financial crisis ever in 2008, for which us plebs are still paying dearly, while they continue to pocket obscene amounts of cash. Just saying, for balance sake.
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.. i agree there is a case of reform,,,, however we are throwing the baby out with the bath water.

The biggest strength of London financial machine is how international it is. Will London continue to be hub if passporting is not available, is debatable. While high street banking operation will survive, the future of money machine that constitutes non-retail bank is difficult. Wasn't Manchester the weaving capital of the world? I am sure someone is going to come around and say that European banks will need to be in the UK, but has anyone seen how (relatively) small a pure-UK asset book is? Surely there are other opportunities e.g. Renminbi based trading will grow as China expands. Also dont forget London Stock Exchange is in final merger talks with Germany's Deutsche Boerse, so the argument that they will all come here because they want to be on the LSE does not hold much water either.

On the flip side, UK could play a blinder by halfing Corporate tax or declare itself to be a tax haven. Great to retain corporate, but not so great with the Treasury and worse with electorate...
 
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vkurup said:
Good to hear that the Banks are making plans to leave/relocate..
http://www.bbc.co.uk/news/business-37743700

... Some might say, that is not a problem.. after all what have the Banks done for us? Other than employing a couple of million people directly or indirectly, paying handsome bonus which is then trickled down in various forms, push up house prices, bloat up pension pots via the stock market, pay taxes that fill the coffers and is UK biggest export. ... nah, nothing important here.
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That article is BS but I see you are still hoping the country ill. maybe it's time for you to leave.
 
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