Cable Forum - Post-Brexit Thread

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Re: Post-Brexit Thread

As I've said the french and germans trying to topple london as the european financial capital are not new they have been trying for decades and will continue long after brexit is done and dusted.

Re: Post-Brexit Thread

Quote:

Originally Posted by Osem (Post 35882676)

Eh? The EU is facing huge social and economic problems which haven't been present or part of any 'project fear' for the last 25 years. The main reason being it's insistence on expansion into nations which aren't compatible with a one size fits all economic policy and a single currency. You talk as those there'll be no costs or risks to the EU if the likes of Greece are forced out of the Euro - they'll just leave and go on their merry way along with all the others whose economies are being propped up. I suppose there are no social risks either - consequences of mass unemployment in Spain, for example or Merkel's open door.

I've never pretended that leaving the EU is risk free or a panacea for all our ills but presenting the risks/costs as being solely on the side of leaving the EU is patent nonsense.

It seems from your opening remark that you perceive Brexit as a bad thing and aren't prepared to admit that staying in could just turn out to be far worse. You're entitled to that opinion of course but please don't try to present the alternative to Brexit as somehow being a safe option. It clearly isn't.

It's all about relative risk. There is always a risk in doing something and a risk in not doing something. How risky is leaving the EU compared to the status quo? In this instance, the overwhelming view is that leaving the EU is riskier than staying within it. This is demonstrated by the Pound's substantial devaluation so it's an aggregated opinion of millions of decision-makers and not just me.
For a Brit living in Gibraltar, things have never felt more uncertain. For the millions of retired ex-pats in France and Spain concerned about their healthcare access, things are equally uncertain.
In terms of the Euro, having weaker economic countries in the Eurozone has advantages and disadvantages. It helps Germany maintain a competitive manufacturing economy which would likely have shifted eastwards if it had retained its own currency.

---------- Post added at 13:32 ---------- Previous post was at 13:26 ----------

Quote:

Originally Posted by Pierre (Post 35882680)

Plus it's geographically closer to New York and has recently had two new high capacity cables Trans-Atlantic communications connecting to the USA.

I think Dublin would trounce Frankfurt and Paris as the logical choice.

Each bank will have different circumstances. HSBC owns a large French investment bank so is gearing up to move 1,000+ jobs to Paris. Other French- and German-owned banks may favour their home countries or be leant upon to favour them.

Re: Post-Brexit Thread

Yes the relative risk of being in control of our laws, economic policy etc etc as opposed to the risk of having them dictated by single-minded Eurocrats who've proved themselves to be utterly intransigent for decades. I know which risk I perceive to be the greater.

How many foreign companies will need/want to open up offices in the UK when we're out of their club? It's not going to be a one way street so let's not pretend it is.

Re: Post-Brexit Thread

Staying in is NOT the status quo. History has taught us that there is serious mission creep in the EU. We joined a common trading block in 74 and just look at what it has become. Another 40 years and the UK would be unrecognisable as a separate country. The phrase "Ever closer union" is not just some words. It would have serious implications on all aspects of our society, social services and health care.

Re: Post-Brexit Thread

Quote:

Originally Posted by heero_yuy (Post 35882696)

It's academic but no way would the UK have agreed to deeper integration. That's another original project fear.

---------- Post added at 15:08 ---------- Previous post was at 15:06 ----------

Quote:

Originally Posted by Osem (Post 35882691)

Remind me of the number of banks relocating operations to the UK? None.

Re: Post-Brexit Thread

Exactly Hero in a decade or two there would have been no UK in real terms just a regional representation in some U.S.E and brexit has brought that plan to a sudden halt. Plans for a single european military, single european police force and single european justice system all were envisaged for 2025 but have now been paused following brexit so status quo is a load of rubbish and the pro EU brigade know it's a load of rubbish they knew just as most of us did the future plans.

This is why i say neither leave or remain has any high ground when it comes to misrepresentation of facts or out and out lies they are both as bad as one another with the majority of us being far in the middle away from both lunatic fringes.

Re: Post-Brexit Thread

Quote:

Originally Posted by 1andrew1 (Post 35882704)

It's academic but no way would the UK have agreed to deeper integration. That's another original project fear.

It's hard to understand how we would avoid becoming more integrated had we voted to stay ,even had the referendum not happened i think eventually we would have become more integrated .

Re: Post-Brexit Thread

Quote:

Originally Posted by 1andrew1 (Post 35882704)

It's academic but no way would the UK have agreed to deeper integration. That's another original project fear.

You don't KNOW that. It would only take another ambitious politician like Blair who, remember, got us signed up to all manner of EU stuff in his drive to be EU president. We, the people, never got a say on any of it.

Re: Post-Brexit Thread

Quote:

Originally Posted by 1andrew1 (Post 35882704)

Remind me of the number of banks relocating operations to the UK? None.

What a strange and ignorant question.

Re: Post-Brexit Thread

Quote:

Originally Posted by Chris (Post 35882718)

What a strange and ignorant question.

lol

Didn't you know all the foreign banks are quitting the City? The Barclays 150 is just the start and it's it like virtually all the world's major banks already have offices in the City is it?... :D

On the other hand it might just be a particularly feeble attempt at yet more scaremongering posed by someone who's really so fixated on remaining tied to the EU that nothing else matters, even their self respect. That's my bet.

Yes it's all one way traffic - the UK can't survive on its own, the banks will run to Frankfurt and the economy will implode because the EU countries will refuse to sell us their stuff or take ours. Companies will all desert the UK because they'll all prefer ever more onerous EU style regulation and French style strikes. As a supposedly balanced argument it's bizarre which is all the evidence required that it's not balanced at all, it's just more post Brexit apocalypse guff which only ever acknowledges one side of the argument.

Re: Post-Brexit Thread

Quote:

Originally Posted by Osem (Post 35882741)

Didn't you know all the foreign banks are quitting the City? The Barclays 150 is just the start and it isn't like virtually all the world's major banks already have offices in the City is it?... :D

Edit to original post (ran out of time).

Re: Post-Brexit Thread

Quote:

Originally Posted by Chris (Post 35882718)

What a strange and ignorant question.

Not really if you read the post I quoted.

---------- Post added at 00:51 ---------- Previous post was at 00:47 ----------

Quote:

Originally Posted by martyh (Post 35882707)

It's hard to understand how we would avoid becoming more integrated had we voted to stay ,even had the referendum not happened i think eventually we would have become more integrated .

We managed to avoid anything deeper since Gordon Brown's time and doubt any politicians would have found it electorally attractive to do so. The way things were going was leading to a two-speed Europe with countries like the UK and Denmark on the outer core remaining as they were and countries like France and Germany in the central core integrating more deeply.

---------- Post added at 00:55 ---------- Previous post was at 00:51 ----------

Quote:

Originally Posted by Osem (Post 35882741)

lol. My original post was upbeat about there only being 150 staff relocating. Never mind, no pleasing some people.

Re: Post-Brexit Thread

Each major EU treaty has included elements of further integration and the suggestion of a two speed EU was basically ended not long after it was first mentioned by senior EU representatives. The end goal of the EU hasn't been in any doubt for a few years and has actually had pro United Europe people telling us all the sooner the better. It's patently ridiculous to pretend brexit is nothing but risks and negatives and remaining in the EU was all sunshine and roses with no risks or negatives at all the EU is in a very precarious position and is a lot closer to failure then success.

Re: Post-Brexit Thread

Brexit campaigner says death threats could force her to leave UK after £5,000 bounty put on her head
Gina Miller, who won a legal battle to stop Theresa May bypassing Parliament while taking Britain out of the EU, says she is constantly looking over her shoulder

http://www.mirror.co.uk/news/uk-news...hreats-9712238

Re: Post-Brexit Thread

Whether one agrees with her or not this is totally unacceptable in a civilised society.