Gilzeantoscore
Justin Edinburgh
Oh well of course, you would not consider the managerial class as units of production, that is a given.
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Politics, politics, politics (so long and thanks for all the fish)
- Thread starter SpurMeUp
- Start date
Oh well of course, you would not consider the managerial class as units of production, that is a given.
Rorschach
Sonny Walters
Hey, commodity. Get back in that cubicle and increase your output so I can sell you for more than I paid for you.
Gilzeantoscore
Justin Edinburgh
What an odd mind set that man has. Which is even odder, given that he some quite reasonable views too. I reckon he was scolded by a socialist union official in the crib.
SpurMeUp
Jimmy Cantrell
Do folks think it is a rather insecure time for those who are in charge of, and also backed Brexit? 12 months to deliver on the charade. Will Brexit just be an act of presentation? One where our government has to try and dress up a few superficial changes as though they are real differences? In short, damage limitation, dressed up as progress?
Maybe I am just a cynic? Those who supported leave can you see light at the end of the tunnel? What are you looking forward to? Do you feel there will be any meaningful changes to compensate for the economic issues?
- We'll have a facelifted immigration system. It won't differ much from the current system but will be presented as an Auzzie system ( a system which ironically is designed to attract more economic labour to Australia, not keep people out!).
- We'll have a fudged trade setup, where the UK still takes rules from the EU (now without a say in them), but Boris will dress it up as autonomy, another fudge.
- Meanwhile, investment into the UK and the value of the pound will continue to suffer. In the real world that's everyone's food shopping and holidays abroad costing about grand more each year. Real-world we are already poorer due to Brexit. As of yet, there are no benefits to Brexit on the horizon.
Maybe I am just a cynic? Those who supported leave can you see light at the end of the tunnel? What are you looking forward to? Do you feel there will be any meaningful changes to compensate for the economic issues?
ricky2tricky4city
Tom Huddlestone
3 weeks in Barbados at Easter.
Grays_1890
Colin Calderwood
Lets keep it short and sweet
Its happening now, later than I said but it is, and the closer we get the lesser the din from the likes of stop brexit man etc, even your tone has changed.
Means one thing, the country has not, days out from Brexit gone down the route you predicted, if it was going to be as bad as you predicted the boats of people and trade would be going now....its not.
So fear factor was wrong.....
SpurMeUp
Jimmy Cantrell
Did you make good your bet? Bad ju ju not to give to these guys https://www.noahsarkhospice.org.uk/tottenham-hotspur-partnership/ What exactly is or has happened? Apart from our economy and currency slowing a little.
What route did I predict? I said a relatively soft Brexit would see a slow prelonged decline in the UK economy, with no benefits in return that I could see. We still have no idea what kind of brexit we'll get, so ease off on your i told you so nonsense until there is something positive to crow about. Is that the new 50p piece, the brexit mug or even the tea towel?
parklane1
Vic Buckingham
Why bother getting involved with it, he is like a dog with a bone over Brexit and even now its going to happen he is still churning out the same stuff.
monkeybarry
Ian Walker
More to the point.....three days away, and the publicity around Unicorn delivery has been very sparse.
Is it recorded delivery? If so, I'll work from home.
Is there a click and collect option?
Is it recorded delivery? If so, I'll work from home.
Is there a click and collect option?
SpurMeUp
Jimmy Cantrell
It’s a sweep it under the carpet Brexit. All done...nothing to see here...move on please.
Sitting on my porcelain throne using glory-glory.co.uk mobile app
ricky2tricky4city
Tom Huddlestone
I miss the hyperbole.
Rorschach
Sonny Walters
Shush! Dominic wants you all to stop saying brexit.
Seriously why should people stop talking about brexit. It is only starting. You can't treat it like some shameful family secret to be locked up in the attic room. This trade negotiation is about to fudge the UK 10 ways from Saturday and all you have to work with is fish. The EU could pull the plug on access to the financial services market if they don't get every single thing they want. Whose is gonna save you ? Trump?
Seriously why should people stop talking about brexit. It is only starting. You can't treat it like some shameful family secret to be locked up in the attic room. This trade negotiation is about to fudge the UK 10 ways from Saturday and all you have to work with is fish. The EU could pull the plug on access to the financial services market if they don't get every single thing they want. Whose is gonna save you ? Trump?
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SpurMeUp
Jimmy Cantrell
All you have to work with is Fish
The irony, of course, is that most exports of fish that UK fisherman catch are to the EU. Will the EU let the UK have its fishing waters to itself and also provide free trade for us to sell them our fish with no tariffs? Never mind the detail..."I got Brexit done"
parklane1
Vic Buckingham
Parklaner81
Steve Hodge
Perhaps you could take your own advice and give the 'I got done by brexit' stuff a rest, at least until after brexit has actually happened...
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SpurMeUp
Jimmy Cantrell
Tbf it isn't me, it is all available to buy here https://shop.conservatives.com/ It's like some parody...of itself?
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Rorschach
Sonny Walters
A well thought out post.Bo-Ho
I have some skin in the game but brexit won't affect me really. I'm not in the UK. I just find it bizarre that there is an effort to shut down any brexit conversation now because of the election. The WA is only the first step.
glorygloryeze
Ian Walker
Ok Let's get some "Project No Fear" up in here...
https://www.bovill.com/london-set-t...s-over-1000-eu-firms-plan-to-open-uk-offices/
London set to remain financial services capital of Europe as over 1000 EU firms plan to open UK offices
20 January 2020
NEWS RELEASE: More than 1,400 EU-based firms have applied for permission to operate in the UK after Brexit, with over 1,000 of these planning to establish their first UK office, according to a Freedom of Information request (FOI) by financial regulatory consultancy Bovill. The FOI provides evidence that London and the UK will continue to be a leading player on the global financial stage after Brexit.
The FOI revealed that by October 2019, the FCA had received a total of 1,441 applications from firms to use the Temporary Permission Regime (TPR). When the current passporting system becomes defunct, the TPR will allow European Economic Area firms and funds to continue to operate in the UK, whilst they seek full authorisation from UK regulators.
The FOI also found that 83% of passporting firms that applied under the TPR currently operate under a ‘service’ passport, which means they do not currently have an office in the UK. This suggests that over 1,000 firms intend to set up an office in the UK for the first time after Brexit.
The FOI also shared the breakdown of firm type for those that have applied for the TPR. This includes more than 100 banks, which will either be setting up offices in London for the first time or boosting their current UK presence. Firms planning to move to the UK span all sectors in financial services including asset managers, insurers, exchanges and fintech firms.
Michael Johnson, a consultant at Bovill, commented:
“These figures clearly show that many firms see the UK as Europe’s premier financial services hub. This is a clear vote of confidence in the UK financial services sector and good news for the UK’s service economy overall. The high proportion of firms without an existing UK branch that have applied for the TPR suggests there will be some movement of staff from these EU27 firms into the UK.
“Although much attention has been given to the number of UK firms moving staff and operations into Europe, there is also likely to be movement in the opposite direction. The results of the FOI may have been anticipated by those in the industry, many of whom have recognised for some time that London remains Europe’s only truly global financial centre, and firms on the continent with global aspirations will need to continue to do business here.”
The FOI gave a further breakdown of TPR submissions by the firm’s home state. The country from which the highest number of firms sent TPR submissions was Ireland at 228. Second was France with 170 submissions, Cyprus was third and Germany was fourth, with 165 and 149 submissions respectively.
Michael Johnson continued:
“The fact that Ireland tops the list is perhaps to be expected, given how interlinked the UK and Irish economies are and their shared strength in asset management. These numbers tell us that Irish firms want to continue this close relationship post Brexit and believe that a presence in London would be beneficial to them.
“With many French and German firms intending to establish a presence in the UK, coupled with the fact that France and Germany will be driving much of the EU’s future trade negotiation with the UK, it is clearly in the economic interest of both sides to secure a trade deal that benefits everyone.
“The position of Cyprus in the top four home states is more surprising. Cyprus is often used as a base for firms that want to be subject to a regulatory regime perceived as ‘lighter touch’ in order to passport into more tightly regulated jurisdictions such as the UK. Firms that have based themselves in a ‘light touch’ jurisdiction to take advantage of regulatory arbitrage, and now want to set up their business in the UK, may need to revisit their regulatory compliance if they wish to continue doing business in Europe’s largest financial services market.”
Ed O’Bree, a partner at Bovill, concluded:
“In practical terms, these figures mean that European firms will be buying office space, hiring staff and engaging legal and professional advisers in the UK. This augurs well for the UK economy, as the country will retain its reputation as a prime location for financial services in Europe.”
Other articles referencing this:
Over 1000 EU financial firms planning to open UK offices after Brexit: https://www.cityam.com/over-1000-eu-financial-firms-planning-to-open-uk-offices-after-brexit/
More than 1,000 European financial firms seek UK entry, despite Brexit uncertainty: https://www.thetimes.co.uk/article/...uk-entry-despite-brexit-uncertainty-dh6p5r0tk
EU financial firms flock to UK: https://euobserver.com/tickers/147191
Reverse Brexit? Report States Over a Thousand EU Financial Firms to Open Offices in the UK: https://www.crowdfundinsider.com/20...eu-financial-firms-to-open-offices-in-the-uk/
Sounds like Brexit really is leading to Economic Armageddon...somebody save us!!
https://www.bovill.com/london-set-t...s-over-1000-eu-firms-plan-to-open-uk-offices/
London set to remain financial services capital of Europe as over 1000 EU firms plan to open UK offices
20 January 2020
NEWS RELEASE: More than 1,400 EU-based firms have applied for permission to operate in the UK after Brexit, with over 1,000 of these planning to establish their first UK office, according to a Freedom of Information request (FOI) by financial regulatory consultancy Bovill. The FOI provides evidence that London and the UK will continue to be a leading player on the global financial stage after Brexit.
The FOI revealed that by October 2019, the FCA had received a total of 1,441 applications from firms to use the Temporary Permission Regime (TPR). When the current passporting system becomes defunct, the TPR will allow European Economic Area firms and funds to continue to operate in the UK, whilst they seek full authorisation from UK regulators.
The FOI also found that 83% of passporting firms that applied under the TPR currently operate under a ‘service’ passport, which means they do not currently have an office in the UK. This suggests that over 1,000 firms intend to set up an office in the UK for the first time after Brexit.
The FOI also shared the breakdown of firm type for those that have applied for the TPR. This includes more than 100 banks, which will either be setting up offices in London for the first time or boosting their current UK presence. Firms planning to move to the UK span all sectors in financial services including asset managers, insurers, exchanges and fintech firms.
Michael Johnson, a consultant at Bovill, commented:
“These figures clearly show that many firms see the UK as Europe’s premier financial services hub. This is a clear vote of confidence in the UK financial services sector and good news for the UK’s service economy overall. The high proportion of firms without an existing UK branch that have applied for the TPR suggests there will be some movement of staff from these EU27 firms into the UK.
“Although much attention has been given to the number of UK firms moving staff and operations into Europe, there is also likely to be movement in the opposite direction. The results of the FOI may have been anticipated by those in the industry, many of whom have recognised for some time that London remains Europe’s only truly global financial centre, and firms on the continent with global aspirations will need to continue to do business here.”
The FOI gave a further breakdown of TPR submissions by the firm’s home state. The country from which the highest number of firms sent TPR submissions was Ireland at 228. Second was France with 170 submissions, Cyprus was third and Germany was fourth, with 165 and 149 submissions respectively.
Michael Johnson continued:
“The fact that Ireland tops the list is perhaps to be expected, given how interlinked the UK and Irish economies are and their shared strength in asset management. These numbers tell us that Irish firms want to continue this close relationship post Brexit and believe that a presence in London would be beneficial to them.
“With many French and German firms intending to establish a presence in the UK, coupled with the fact that France and Germany will be driving much of the EU’s future trade negotiation with the UK, it is clearly in the economic interest of both sides to secure a trade deal that benefits everyone.
“The position of Cyprus in the top four home states is more surprising. Cyprus is often used as a base for firms that want to be subject to a regulatory regime perceived as ‘lighter touch’ in order to passport into more tightly regulated jurisdictions such as the UK. Firms that have based themselves in a ‘light touch’ jurisdiction to take advantage of regulatory arbitrage, and now want to set up their business in the UK, may need to revisit their regulatory compliance if they wish to continue doing business in Europe’s largest financial services market.”
Ed O’Bree, a partner at Bovill, concluded:
“In practical terms, these figures mean that European firms will be buying office space, hiring staff and engaging legal and professional advisers in the UK. This augurs well for the UK economy, as the country will retain its reputation as a prime location for financial services in Europe.”
Other articles referencing this:
Over 1000 EU financial firms planning to open UK offices after Brexit: https://www.cityam.com/over-1000-eu-financial-firms-planning-to-open-uk-offices-after-brexit/
More than 1,000 European financial firms seek UK entry, despite Brexit uncertainty: https://www.thetimes.co.uk/article/...uk-entry-despite-brexit-uncertainty-dh6p5r0tk
EU financial firms flock to UK: https://euobserver.com/tickers/147191
Reverse Brexit? Report States Over a Thousand EU Financial Firms to Open Offices in the UK: https://www.crowdfundinsider.com/20...eu-financial-firms-to-open-offices-in-the-uk/
Sounds like Brexit really is leading to Economic Armageddon...somebody save us!!
Since Christmas our factories have been full to bursting. Having to turn work away because we can't meet anything like normal lead times at the minute.
As plenty predicted, the uncertainty was a problem - less uncertainty means more production.