Re: Brexit
 

Indeed. There are those who, for their own political reasons, cynically adjust each of the input parameters to their model (BoE and treasury) to produce the worst possible outcome and then tout this as what is going to happen then the media lap it up and spit it out across their biased networks (BBC)

I wonder why we never hear what might happen when all the parameters are set for the best possible outcome?

Re: Brexit
 

Or it could be worse than they're predicting ....

All Brexit scenario's will have a negative impact, that I'm afraid is the reality.

Re: Brexit
 

Re: Brexit
 

Strange how the Independent Bank Of England is accused of bias because it does not agree with the economic views of others Its the same with the so called political bias of the BBC where News, Current Affairs and Factual Output has to be in whatever form it entails must be treated with due impartiality.

https://www.bbc.co.uk/editorialguide...s/impartiality

Re: Brexit
 

If you lose your job as a result, "freedom" does not pay the mortgage.

Re: Brexit
 

Re: Brexit
 

He won’t have to pay a mortgage if the bank, he’s lent from pisses off in to the EU with all this fear mongering bullshit, that banks will cease operations in U.K. and jobs will be lost under a no deal scenario. Honestly. :rolleyes:

Re: Brexit
 

There's no "yoke" here. It is only in your perception ..

There are 100,000's if not millions of people who did not vote in 2016 to be poorer. There is no mandate for this calamity.

Re: Brexit
 

l thought this was a excellent balanced speech from Sir Ivan Rogers on Brexit.

https://news.liverpool.ac.uk/2018/12...ers-on-brexit/

Re: Brexit
 

It's the investment banks which are having to move some operations to the EU. Not the retail banks which provide current accounts and household mortgages.

Re: Brexit
 

The calamity is non-existent, it is a made up negative fantasy by Remainers who oppose leaving a cancerous dictatorship organisation, AKA EU.

There is a mandate for leaving the EU and there was two official votes backing it should happen. Nothing you say, will factually alter that whatsoever.

---------- Post added at 11:47 ---------- Previous post was at 11:33 ----------

No - banks which have threatened to move ALL their operations to the EU, will have to move all their Corporate Assets to another Jurisdiction, once that occurs, banks have no legal avenue to pursue debts with UK customers, (because they are in another country, under their laws, not UK).

Once they move their entire operations out of UK jurisdictions, all contractual obligations that customers have, become null and void.

Of course it will never happen because it is made up fictional nonsense and the banks themselves have substantial lending contractual obligations that they cannot afford to just write if they leave the UK for good.

Re: Brexit
 

Thanks for posting. It may be a bit long for the time-pressured but worth reading. Thanks for sharing.

---------- Post added at 12:26 ---------- Previous post was at 12:22 ----------

Not sure which website you've been reading but no retail banks are moving overseas as their customers are in the UK.

Re: Brexit
 

Investment banks . . . are they the ones who employ people to throw other peoples money into grand schemes hoping for a nice little earner?

Serious question because I'm not the gambling type, so have no idea about how investing in Carilion, HSL, the 'peoples pension' or a 6 trillion sq ft office block in Southwall benefits me.

Re: Brexit
 

No...

Investment bankers help their clients (businesses, not individuals) raise money in the capital markets, provide various financial advisory services, and assist with mergers and acquisition activity (and they have a nice little earner from these activities).

Re: Brexit