BGD 6,385 Posted January 19, 2018 Report Share Posted January 19, 2018 13 hours ago, WILF said: Let’s be honest, the French would have to so radically alter their system to attract business that there workforce wouldn’t stand for it.....so you can forget that one. On the other hand, you can clearly see that May wants to stay in because anyone with some bottle would be saying to France and Ireland and all the rest......right boys, if you want to be c**ts about it we will just f**k off, cut our corporation tax to 10%, deregulate our businesses to be much more competitive than yours and lower all our taxes to attract the wealthy. We will invest in our own beef industry and destroy ireland....... So come on, how the f**k do you want it ? If the UK loses financial passporting rights (which is what Macron was talking about) then basically any other Western European country would be more competitive than the UK when it comes to the financial services industry which is a pretty big part of the UK economy. 3 hours ago, maxhardcore said: As a Country we have no Stong Leaders in any Political Party. The Torys need to welcome Farage into their ranks and make him Top Honcho. He'd need to be elected to Parliament first, something he's failed at 7 times now. Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 3 hours ago, BGD said: If the UK loses financial passporting rights (which is what Macron was talking about) then basically any other Western European country would be more competitive than the UK when it comes to the financial services industry which is a pretty big part of the UK economy. He'd need to be elected to Parliament first, something he's failed at 7 times now. Obviously, you don't realise how much it would cost them to extract themselves from the city markets and move that money back to Euros ? Quote Link to post Share on other sites
BGD 6,385 Posted January 19, 2018 Report Share Posted January 19, 2018 3 hours ago, maxhardcore said: Failed because the Powers that be' Failed because democracy. 28 minutes ago, mushroom said: Obviously, you don't realise how much it would cost them to extract themselves from the city markets and move that money back to Euros ? If the UK loses financial passporting rights a lot of banks and other firms in the financial services industry will have to move large parts of their operations to an EU country if they want to continue trading as they do regardless of what it will cost them. At the moment loads of them have their EU operations based in the UK, that will have to change without financial passporting. Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 (edited) 39 minutes ago, BGD said: Failed because democracy. If the UK loses financial passporting rights a lot of banks and other firms in the financial services industry will have to move large parts of their operations to an EU country if they want to continue trading as they do regardless of what it will cost them. At the moment loads of them have their EU operations based in the UK, that will have to change without financial passporting. Edited to add; They will have to do the same to play in our markets too. Nb all you need is a fiscal address in Europe by the way ? Yet you fail to see that it will cost them at least 150% more, as we are one united nation and they are 27 arguing about the trough the exports from Europe go to the UK far more than the other way. Just take fishing love.! Edited January 19, 2018 by mushroom Quote Link to post Share on other sites
BGD 6,385 Posted January 19, 2018 Report Share Posted January 19, 2018 16 minutes ago, mushroom said: Edited to add; They will have to do the same to play in our markets too. Nb all you need is a fiscal address in Europe by the way ? Yet you fail to see that it will cost them at least 150% more, as we are one united nation and they are 27 arguing about the trough the exports from Europe go to the UK far more than the other way. Just take fishing love.! You're right there's no way these notoriously highly mobile international firms who set up shop here because of the easy access to European markets provided by financial passporting will shift their operations to a more favourable location if that access is taken away The fact that France, Germany and Luxembourg have been waiting for an opportunity like this and will be competing with each other offering all kinds of incentives for these firms to move their EU HQs to them won't have any effect at all They're not already making contingency plans and looking at where to move if the UK does lose financial passporting or anything, no way 1 Quote Link to post Share on other sites
jack lee 137 Posted January 19, 2018 Report Share Posted January 19, 2018 jesus christ talk about the brits crying,you havent stoped since your vote on brexitv when is the penny going to drop with yous,its unlikely yous are going to get your own way,so just suck it up and move on ,like the rest of us it wont be easy,but we will survive JUST 1 Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 17 minutes ago, BGD said: You're right there's no way these notoriously highly mobile international firms who set up shop here because of the easy access to European markets provided by financial passporting will shift their operations to a more favourable location if that access is taken away The fact that France, Germany and Luxembourg have been waiting for an opportunity like this and will be competing with each other offering all kinds of incentives for these firms to move their EU HQs to them won't have any effect at all They're not already making contingency plans and looking at where to move if the UK does lose financial passporting or anything, no way Mate ireland has just been fined for "being uncompetitive with the EU market" lol you think they'll allow the Crouts to do the same without recourse? ???? you truly know nothing on this subject! No different to our very own Joe888 (or whatever he was called) the resident Scots sepratist ? Quote Link to post Share on other sites
BGD 6,385 Posted January 19, 2018 Report Share Posted January 19, 2018 Just now, mushroom said: Mate ireland has just been fined for "being uncompetitive with the EU market" lol you think they'll allow the Crouts to do the same without recourse? ???? you truly know nothing on this subject! No different to our very own Joe888 (or whatever he was called) the resident Scots sepratist ? JPMorgan, HSBC, Llyods Citigroup, Goldman Sachs, UBS and others are all planning to or have already started the process of moving their EU operations out of London and to other EU member states but sure you're right they're not going to move if they lose financial passporting Quote Link to post Share on other sites
WILF 44,328 Posted January 19, 2018 Report Share Posted January 19, 2018 (edited) So the city shrinks........and like any other company, Great Britain Ltd finds another income stream to replace the lost income. Its about confidence in your own ability and not shitting yourself because of change. Free of a safety net or Free of a burden......depending on how you want to look at it. Thise with a bit of gumption won’t be phased, they will already be looking for the new opportunities. We used to make things, invent things, we had the educated people that the world wanted.....Great Britain was a trusted trade mark of all things and that won’t change. Its those little countries in a coma that will be shitting it. Edited January 19, 2018 by WILF 2 Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 4 minutes ago, BGD said: JPMorgan, HSBC, Llyods Citigroup, Goldman Sachs, UBS and others are all planning to or have already started the process of moving their EU operations out of London and to other EU member states but sure you're right they're not going to move if they lose financial passporting They are creating a fiscal address so they can have fingers in both pies lol. Same as me and a lot of other companies are doing with Malta (although that'll end soon) 1 Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 I'm gonna add this BGD; people who have never worked in cross border business shouldn't listen to the papers and post their assumptions If you have, then you missed a trick. 1 Quote Link to post Share on other sites
BGD 6,385 Posted January 19, 2018 Report Share Posted January 19, 2018 5 minutes ago, mushroom said: They are creating a fiscal address so they can have fingers in both pies lol. Same as me and a lot of other companies are doing with Malta (although that'll end soon) They've been moving 1000s of jobs with plans for more. Quote Link to post Share on other sites
mushroom 12,392 Posted January 19, 2018 Report Share Posted January 19, 2018 (edited) 3 minutes ago, BGD said: They've been moving 1000s of jobs with plans for more. Lol what do you think the banks did here in Catalunya when the independence vote was going about ? they set up a fiscal address (Spain) and said the workers were "moved" to that business ??? You haven't a clue love. Edited January 19, 2018 by mushroom 1 Quote Link to post Share on other sites
WILF 44,328 Posted January 19, 2018 Report Share Posted January 19, 2018 Dooommmeeddd........we are all ddoooommmmeeeddd ! Lol 1 Quote Link to post Share on other sites
WILF 44,328 Posted January 19, 2018 Report Share Posted January 19, 2018 By the way, I don’t believe Britain will feel the benefit from Brexit for 30 years and things will get worse before they get better but it will be just what the doctor ordered for our kids and grandkids if they just take the chains off and let us fly. Quote Link to post Share on other sites
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