EU Referendum: The result and aftermath...

[Dave1987]

Today 2 major banks have announced that thousands of well paid jobs will be relocated to Paris and Frankfurt. More banks suggesting that thousands more will probably be relocated. Yeah this is going brilliantly....not!! Where are the replacements for these very well paid jobs coming from? What is going to replace the enormous tax receipts these banks and employees paid to the treasury? Mrs May thought the banks were bluffing, they weren't.
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Ow and seeing Mr Gove trying to cosy up to a misogynist buffoon is nearly as cringeworthy as watching Boris Johnson trying to act as a Foreign Secretary.

 

[47802]

Today 2 major banks have announced that thousands of well paid jobs will be relocated to Paris and Frankfurt. More banks suggesting that thousands more will probably be relocated. Yeah this is going brilliantly....not!! Where are the replacements for these very well paid jobs coming from? What is going to replace the enormous tax receipts these banks and employees paid to the treasury? Mrs May thought the banks were bluffing, they weren't.
--- old post above --- --- new post below ---
Ow and seeing Mr Gove trying to cosy up to a misogynist buffoon is nearly as cringeworthy as watching Boris Johnson trying to act as a Foreign Secretary.

But the little Englanders live in their own little bubble and non of this will be a problem and wont affect them in any way:roll:

 

[RichmondCommu]

Today 2 major banks have announced that thousands of well paid jobs will be relocated to Paris and Frankfurt. More banks suggesting that thousands more will probably be relocated. Yeah this is going brilliantly....not!! Where are the replacements for these very well paid jobs coming from? What is going to replace the enormous tax receipts these banks and employees paid to the treasury? Mrs May thought the banks were bluffing, they weren't.

For once I agree with you!

HSBC staff will not be happy given the levels of taxation in France but the Leavers have left HSBC with no choice but to move 1,000 staff to Paris.

 

[47802]

For once I agree with you!

HSBC staff will not be happy given the levels of taxation in France but the Leavers have left HSBC with no choice but to move 1,000 staff to Paris.

Goldman Sachs talking about halving its London workforce now,

 

[AM9]

Here begins the pain. Might see a few Brexit warriors crumple a bit, providing they can dig themselves out of such a big hole.

 

[Phil.]

What does Lagarde's conviction have to do with her (fairly obvious) advice that Brexit would be complicated?

Probably like Mark Carney. Another foreign national who predicted gloom and doom.
Nissan, Honda, BMW and Hitachi are here and here to stay big time.
Three ring-netters in Newlyn are currently making huge amounts of dosh catching enormous amounts of Sardines in Mounts Bay and selling them to the French. They won't stop buying them.
A Canadian consortium is currently looking at re-opening South Crofty mine due to the price of tin escalating on the world market.

 

[47802]

Probably like Mark Carney. Another foreign national who predicted gloom and doom.
Nissan, Honda, BMW and Hitachi are here and here to stay big time.
Three ring-netters in Newlyn are currently making huge amounts of dosh catching enormous amounts of Sardines in Mounts Bay and selling them to the French. They won't stop buying them.
A Canadian consortium is currently looking at re-opening South Crofty mine due to the price of tin escalating on the world market.

Do you have access to the boardrooms of Nissan, Honda, BMW, and Hitachi then? I suspect the jury is still out at these companies and others, people go on about the investment at Nissan but what's the length of a car model about 6 to 8 years, after which they might push off if they don't like the arrangement we end up with the EU.

 

[zuriblue]

https://www.theguardian.com/environ...ers-hitting-uk-agriculture-lords-inquiry-told

Written evidence submitted by the National Farmers Union shows that the Brexit vote has caused serious recruitment difficulties for British agriculture.

“The results of the first three quarters of the 2016 NFU Labour Provider Survey found that there was a dramatic change in labour availability within the space of nine months, clearly showing the deterioration in the ability to maintain EU labour in the horticulture sector,” said the NFU in its evidence to the House of Lords committee.

The survey found that in the first three months of 2016 100% of labour providers reported being able to recruit the right number of seasonal workers. By the end of June this had fallen to 87%. By the end of September it had dropped to 40%, with 60% saying they were unable to meet the demand for labour in the sectors they were supplying. By the end of September nearly 85% of the seasonal labour force in British agriculture was from Romania or Bulgaria.

“We had great difficulty in recruiting sufficient numbers and we also suffered greatly from employees leaving after only two or three weeks of employment, which left us trying to recruit replacements at very short notice,” reported one labour provider quoted in the NFU survey.

"So we raised the wages a lot, and lots of British people turned up and worked twice as fast as the Poles. We're now going to be exporting far more", nobody added.

The farmers will be asking for more subsidy next.

 

[SteveP29]

Yes I remember Cameron saying it was advisory and he may ignore the result.

He did ignore it, he resigned the very next day and ****ed off leaving others to tidy up after him
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Nissan, Honda, BMW and Hitachi are here and here to stay big time.

In Nissan's case, only after a massive sweetener from the government after they blackmailed them into giving them it after saying they'd leave.

 

[RichmondCommu]

Probably like Mark Carney. Another foreign national who predicted gloom and doom.
Nissan, Honda, BMW and Hitachi are here and here to stay big time.

Just curious to know why you haven't mentioned Toyota in that little list.

 

[Johnuk123]

In Nissan's case, only after a massive sweetener from the government after they blackmailed them into giving them it after saying they'd leave.

Whatever the Govt. has promised Nissan it did the right thing. If the Govt.had said no and Nissan had walked away Labour/BBC/Guardian etc. would have gone into melt-down.

 

[PHILIPE]

Today 2 major banks have announced that thousands of well paid jobs will be relocated to Paris and Frankfurt. More banks suggesting that thousands more will probably be relocated. Yeah this is going brilliantly....not!! Where are the replacements for these very well paid jobs coming from? What is going to replace the enormous tax receipts these banks and employees paid to the treasury? Mrs May thought the banks were bluffing, they weren't.
--- old post above --- --- new post below ---
Ow and seeing Mr Gove trying to cosy up to a misogynist buffoon is nearly as cringeworthy as watching Boris Johnson trying to act as a Foreign Secretary.

Spite, perhaps ?

 

[AlterEgo]

Spite, perhaps ?

Sure, multinational, billion-pound, FTSE100 companies act out of spite and not in their business interests (!)

 

[squizzler]

This being a railway forum, its appropriate to mention that the more I hear about the plans to leave the EU the more I am reminded of the railway privatisation in the 1990's

A conservative prime minister who came to power in a political coup. John major made it his mission to break up "deeply inefficient" British Rail. Much was made at the time about the improvements that the free market would enable, in which bosses would apparently be able to use different train services from their secretaries.

With all political parties being implicitly in favour of privatisation (despite labour nominally claiming to oppose it) the railways went through a turbulent decade until the failure of Railtrack. A lot of government legislation since has given the government Department for Transport greater control over the railways than since it was a nominally independent state owned company. Despite claims of privatisation giving passengers control over the railways as empowered customers, the reality of foreign ownership, the franchise system and government micromanagement arguably mean that railways are less responsive to the markets than before.

Should it occur, I see the departure from the European union following a similar trajectory. Decade or two of economic chaos with subsequent governments enacting legislation that increases the ties to Europe without officially again becoming part of the EU.

 

[47802]

This being a railway forum, its appropriate to mention that the more I hear about the plans to leave the EU the more I am reminded of the railway privatisation in the 1990's

A conservative prime minister who came to power in a political coup. John major made it his mission to break up "deeply inefficient" British Rail. Much was made at the time about the improvements that the free market would enable, in which bosses would apparently be able to use different train services from their secretaries.

With all political parties being implicitly in favour of privatisation (despite labour nominally claiming to oppose it) the railways went through a turbulent decade until the failure of Railtrack. A lot of government legislation since has given the government Department for Transport greater control over the railways than since it was a nominally independent state owned company. Despite claims of privatisation giving passengers control over the railways as empowered customers, the reality of foreign ownership, the franchise system and government micromanagement arguably mean that railways are less responsive to the markets than before.

Should it occur, I see the departure from the European union following a similar trajectory. Decade or two of economic chaos with subsequent governments enacting legislation that increases the ties to Europe without officially again becoming part of the EU.

Possibly although a decade or so of economic turbulence can potentially stuff up many people lives.

The prospect of us getting a trade deal that is similar to our current single market deal clearly isn't going to happen except maybe in the minds of deluded brexiters. We may get a better deal than wto in areas which are perhaps most important to us, but other areas are likely to have to take a hit, and which area you happen to be in is likely to be something of a crapshoot.

 

[PHILIPE]

Spite, perhaps ?

Possibly although a decade or so of economic turbulence can potentially stuff up many people lives.

The prospect of us getting a trade deal that is similar to our current single market deal clearly isn't going to happen except maybe in the minds of deluded brexiters. We may get a better deal than wto in areas which are perhaps most important to us, but other areas are likely to have to take a hit, and which area you happen to be in is likely to be something of a crapshoot.

Do you mean the minds of Brexiteers ?

 

[anme]

Personally, having a wide range of friends and colleagues, both in Edinburgh and Newcastle, I know of nobody who voted leave because they ' weren't being listened to'
The reasons they voted leave were on immigration and the 'unelected dictatorship' of the EU

That's *really* insulting to your friends and colleagues in Newcastle and Edinburgh. Are you saying they are complete morons? Just consider the elected MEP Nigel Farage.
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It's a shame UK MEPs never sat on the fisheries committee. As a maritime nation with a large fishing fleet it's unbelievable that the UK had no representation on this!

Is this a satire trying to make leave supporters look ignorant?

Ten seconds on Google would have provided the information you need: http://www.europarl.europa.eu/committees/en/pech/members.html

 

[EM2]

What was that about Nissan?
http://www.independent.co.uk/news/b...-uk-investment-will-be-reviewed-a7537586.html

The boss of Nissan Carlos Ghosn has admitted that the car giant's UK investments will be "re-evaluated" if Theresa May delivers a bad Brexit deal, despite last October's high-profile commitment by the firm to build its next Qashqai and X-Trail model at its Sunderland plant.

Nissan's decision - which followed mysterious assurances from the Government about the firm's future terms of trade with Europe - was hailed as a much-needed vote of confidence in post-Brexit vote Britain and a welcome guarantee of thousands of jobs in the North East.

But speaking to reporters at the World Economic Forum in Davos today Mr Ghosn made it clear that the French firm's commitment was still conditional and that if the shape of the final Brexit deal is detrimental to Nissan's competitiveness it could yet pull out of UK operations.

 

[Howardh]

What was that about Nissan?
http://www.independent.co.uk/news/b...-uk-investment-will-be-reviewed-a7537586.html

May (to Nissan) "here's a piece of paper which states we will not leave the single market so you can continue with our assurances"

May (to the world) "we are leaving the single market"

Nissan (to May) "Right, we'll clear off then, if you don't mind".

Brexit politicians and supporters, full of clear, uncluttered, unmuddled thinking and policy making. They know exactly what they are doing..trust them!!

EDIT - of course I could be completely wong. This could be a very astute tactical move by May, threaten the worst possible Brexit, see firms Brexiting the country, workers will cry "where's our jobs??", May will say "you voted to lose them" replied with "well give us another vote then!!"

In that case, I bow to the Yes Prime Minister script.

 

[Dave1987]

If anyone wants to see an absolute masterclass in avoiding the question watch Mrs May being interviewed by Kamal Ahmed in Davos. When specifically asked about her reaction to HSBC and UBS announcing thousands of jobs going to Paris and Frankfurt because of her Brexit stance she started the usual nonsense about having engaging conversations with the banks about her vision for Brexit and how the UK would get a good trading deal with the EU. Whilst the Beebs political guy Norman Smith has said that ministers are quite worried about the massive job losses announced. Especially considering that recently the only big job creation announcements have been from Aldi and Amazon but these are for very low paid jobs. They are going to need to put a rabbit out of the hat to replace those very well paid jobs lost in the city!

 

[miami]

how the UK would get a good trading deal with the EU

We have a good trading deal with the EU. What she's hoping for is something that's not as good as what we have, but isn't disastrous.

 

[gareth950]

Anyone who saw Trump's inauguaration speech - how can you possibly think it's better to do a trade deal with a demagogue like that over staying with the EU. 'America first' so we can screw over the rest of the world was the general tone.

I'm speechless.

 

[anme]

Anyone who saw Trump's inauguaration speech - how can you possibly think it's better to do a trade deal with a demagogue like that over staying with the EU. 'America first' so we can screw over the rest of the world was the general tone.

I'm speechless.

Blame the leave voters. This is their responsibility.

 

[miami]

Blame the leave voters. This is their responsibility.

No, it's our responsibility, we failed to educate them. Just like if a 5 year old does something bad, it's the parent's responsibility.

 

[Grimsby town]

Anyone who saw Trump's inauguaration speech - how can you possibly think it's better to do a trade deal with a demagogue like that over staying with the EU. 'America first' so we can screw over the rest of the world was the general tone.

I'm speechless.

I'm mean I'm not a particularly patriotic person but I honestly never understood why people outside the US could support trump when his rhetoric has always to put America above everyone else no matter the costs.

 

[Steveman]

No, it's our responsibility, we failed to educate them. Just like if a 5 year old does something bad, it's the parent's responsibility.

Who are "we" and why do you consider yourself educationally superior to me ?
Why do you say I'm uneducated ?

Arrogant, condescending and downright offensive.

 

[simonw]

Probably like Mark Carney. Another foreign national who predicted gloom and doom.
Nissan, Honda, BMW and Hitachi are here and here to stay big time.
Three ring-netters in Newlyn are currently making huge amounts of dosh catching enormous amounts of Sardines in Mounts Bay and selling them to the French. They won't stop buying them.
A Canadian consortium is currently looking at re-opening South Crofty mine due to the price of tin escalating on the world market.

South crofty has been reopened and closed again before, it's highly marginal...in any event it's not going to make a big difference overall.

 

[anme]

Probably like Mark Carney. Another foreign national who predicted gloom and doom.
Nissan, Honda, BMW and Hitachi are here and here to stay big time.
Three ring-netters in Newlyn are currently making huge amounts of dosh catching enormous amounts of Sardines in Mounts Bay and selling them to the French. They won't stop buying them.
A Canadian consortium is currently looking at re-opening South Crofty mine due to the price of tin escalating on the world market.

Could you explain using logic rather than optimism why you are predicting these things? Don't you think that leaving the single market will be a problem for the companies you mention? If not, why not?

Also why is Mark Carney's nationality relevant?

 

[ExRes]

South crofty has been reopened and closed again before, it's highly marginal...in any event it's not going to make a big difference overall.

South Crofty is just part of the plan, the main point of it is to obtain lithium rather than tin

 

[radamfi]

I just learned yesterday that ASLEF and RMT supported Brexit. Somehow I missed that during the campaign. Surely that means they should be boycotted in the same way that we boycott Wetherspoons and Dyson?