A third of European firms to cut investment because of Brexit - survey

 

https://www.reuters.com/article/uk-britain-eu-investment/a-third-of-european-firms-to-cut-investment-because-of-brexit-survey-idUSKBN1JM1MS

37 minutes ago, tebee said:

A third of European firms to cut investment because of Brexit - survey

 

https://www.reuters.com/article/uk-britain-eu-investment/a-third-of-european-firms-to-cut-investment-because-of-brexit-survey-idUSKBN1JM1MS

I guess falling over all that doom & gloom heaped with a large dollop of pessimism, you missed this part

 

Quote

Of the companies, 13 percent said they planned to pull all of their capacity out of Britain, while 31 percent said they would remove a large amount.

One-fifth said they would not relocate any capacity, and 5 percent planned to increase UK operations.

You probably never even read the article, just saw the headline and jumped right in.

 

 

4 minutes ago, The Renegade said:

I guess falling over all that doom & gloom heaped with a large dollop of pessimism, you missed this part

 

You probably never even read the article, just saw the headline and jumped right in.

 

What a sad individual you are.

I would suggest a net loss of 44%, even if offset by a net gain of 5% is not a good thing 

I would suggest a net loss of 44%, even if offset by a net gain of 5% is not a good thing 

The relevant figures are here




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45 minutes ago, tebee said:

Bank of America is moving a chunk of its investment banking operations to Paris in preparation for Brexit 

 

 

https://www.ft.com/content/be4cb8cc-7934-11e8-bc55-50daf11b720d?emailId=5b322884ac0406000414e605&segmentId=ce31c7f5-c2de-09db-abdc-f2fd624da608

???

 

Quote

Bank of America has fired the starting gun on moving a chunk of its investment banking operations to Paris in preparation for Brexit by appointing three senior executives who will move to the French capital next year.

 

A chunk ? For those that cannot access the FT.

 

Quote

Bank of America Merrill Lynch (BAML) is relocating three senior executives to Paris as it prepares to shift some of its investment banking operations out of the UK ahead of Brexit.

https://www.eveningexpress.co.uk/news/business/bank-of-america-to-relocate-london-executives-to-paris-as-part-of-brexit-plans/

 

 

33 minutes ago, tebee said:

I would suggest a net loss of 44%, even if offset by a net gain of 5% is not a good thing 

You must be one of the people that Grouse refers to frequently

 

It is bad when Orac contradicts you ??

15 minutes ago, The Renegade said:

You must be one of the people that Grouse refers to frequently,

 
It is bad when Orac contradicts you ??

 

 

I didn’t contradict him at all - the charts confirm his figure of 44%.


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This just shows you the state Brexit has got us into - it's proponents are stating that a overall loss of only 39% is a good thing ! 

26 minutes ago, The Renegade said:

???

 

 

A chunk ? For those that cannot access the FT.

 

https://www.eveningexpress.co.uk/news/business/bank-of-america-to-relocate-london-executives-to-paris-as-part-of-brexit-plans/

 

As Delboy would say - What a bl**dy plonker

3 to start with  - but the article goes on to state - 

 

 The US bank has chosen Paris as the main alternative hub to London for its investment banking operations. It is refurbishing a new office in the centre of Paris to house hundreds of staff in its sales and trading operations, many of whom are likely to move from London.

 

and 

 

The new Paris office, near the Elysée palace in the eighth arrondissement, could hold up to 1,000 people. But people briefed on the bank’s plans said it had not decided on how many people would move, or started approaching individuals, and it may sublet unused space.
 

Either you are not reading the rest of the article or you are being very selective on what you choose to quote.

 

Which is it Mr Renegade?

Today the EU (Withdrawal) Bill received Royal Assent from Her Majesty the Queen and became an Act of Parliament.

This historic Act will make sure the UK’s laws – entwined with over 40 years of EU law – continue to work from the day we leave, ensuring a smooth and orderly exit.

It does this by transferring EU law into UK law where appropriate and creating temporary powers to correct the laws that will no longer operate appropriately.

 

https://www.gov.uk/government/news/the-eu-withdrawal-bill-receives-royal-assent

Statement to MPs as parliament debates the UK's ratification of the EU-Canada Comprehensive Economic and Trade Agreement (CETA) trade agreement.

 

https://www.gov.uk/government/speeches/opening-statement-for-ceta-ratification-debate

Investments in the British auto industry have almost halved, according to industry associations, due to uncertainty surrounding the upcoming Brexit. In the first half of 2018, investments in new factories, machines or models of only about 347 million pounds (395 million euros) have been announced, said the Association of British motor vehicle manufacturers and retailers SMMT on Tuesday.

 

In the first half of 2017, the sum was still at 647 million pounds. "There is growing frustration in global boardrooms over the slow pace of negotiations," said SMMT chief Mike Hawes. "The government needs to reconsider its position on the customs union."

 

 

14 minutes ago, tomacht8 said:

Investments in the British auto industry have almost halved, according to industry associations, due to uncertainty surrounding the upcoming Brexit. In the first half of 2018, investments in new factories, machines or models of only about 347 million pounds (395 million euros) have been announced, said the Association of British motor vehicle manufacturers and retailers SMMT on Tuesday.

 

In the first half of 2017, the sum was still at 647 million pounds. "There is growing frustration in global boardrooms over the slow pace of negotiations," said SMMT chief Mike Hawes. "The government needs to reconsider its position on the customs union."

 

 

Briton has an auto industry? 

6 minutes ago, mogandave said:

Briton has an auto industry? 

It's OK we'll soon solve that.

3 minutes ago, tebee said:

It's OK we'll soon solve that.

You guys should be happy to see all those greedy banks leaving...

32 minutes ago, mogandave said:

Briton has an auto industry? 

Yes it has. There are substantive manufacturing plants in the UK owned and managed for example by both German and Japanese companies. Also on a specialist level there is for example F1 engine development and production.

https://www.smmt.co.uk/2018/01/2017-uk-car-manufacturing-declines-3-still-second-biggest-output-since-turn-century/

 

35 minutes ago, mogandave said:

You guys should be happy to see all those greedy banks leaving...

oh yes, then we could exchange shells again or crypto bits.

Sorry to have been off line!

 

Splendid lunch at Boisdale, Belgravia!

 

No Brexiters at all! Even cabs to and from Novotel Tower Bridge were anti Brexit!

 

Time for a kip!

6 hours ago, tomacht8 said:

Investments in the British auto industry have almost halved, according to industry associations, due to uncertainty surrounding the upcoming Brexit. In the first half of 2018, investments in new factories, machines or models of only about 347 million pounds (395 million euros) have been announced, said the Association of British motor vehicle manufacturers and retailers SMMT on Tuesday.

 

In the first half of 2017, the sum was still at 647 million pounds. "There is growing frustration in global boardrooms over the slow pace of negotiations," said SMMT chief Mike Hawes. "The government needs to reconsider its position on the customs union."

 

 

Add these guys to those ready to bolt:

 

http://www.dailymail.co.uk/news/article-5886783/BMW-boss-says-CLOSE-plants-Britain-Brexit-causes-delays.html

 

Seems the jobs that pay best are the ones that are leaving. But no worries, Boris says screw industry. 

Even the US knows just how stupid Brexit is.

 

Quotes from C4 fly on wall US embassy documentary last night.

 

“Does the public have an notion of what the conditions of exit actually are?”

 

- how UK public hasn’t yet internalised: “the economy is going to tank I better sit on my cash”

 

- “Government not done a lot of for macro analysis almost deliberately” so as not to upset Brexit voters

 

- UK growth slowing down “longer term slower slide” including “inflation from an outside shock - worst kind of inflation”

- People tired of austerity .. If Brexit ends up not obviously helping them could have political knock on effects.

 

“British Government isn’t interested in telling the British people - this thing that 52% of you said you wanted - here are the range of options: there’s less good & then there’s very very bad”

 

“The EU27 say: ‘we are a club here are the rules, you tell us how many of the rules you are prepared to accept - and we will tell you where in the clubhouse you can go’... that is not the British conception of what this is - they see it as a negotiation between two equal parties”

Interesting  - The FT think  when it comes to Brexit and business, facts will trump ideology and  and  Theresa May’s paying a long game for a softer Brexit.

 

https://www.ft.com/video/a5504338-cd1f-4086-802b-90e89862fbfd?playlist-name=section-82645c31-4426-4ef5-99c9-9df6e0940c00

 

 

 

 

5 minutes ago, tebee said:

Interesting  - The FT think  when it comes to Brexit and business, facts will trump ideology and  and  Theresa May’s paying a long game for a softer Brexit.

 

https://www.ft.com/video/a5504338-cd1f-4086-802b-90e89862fbfd?playlist-name=section-82645c31-4426-4ef5-99c9-9df6e0940c00

 

 

 

 

That's the only sensible way forward, if indeed we have to go down this sheep track of a road in the first place. Ideology....I can't get past the idea that Brexit has become a religion for many and the name Jim Jones keeps popping into my head.

31 minutes ago, tebee said:

The EU27 say: ‘we are a club here are the rules, you tell us how many of the rules you are prepared to accept - and we will tell you where in the clubhouse you can go’... that is not the British conception of what this is - they see it as a negotiation between two equal parties”

???

 

Please, do not talk about EU rules, which are broken on a daily basis throughout the EU and by the EU Institutions.

 

Spluttering Verhofstadt is a joke

 

 

1 minute ago, simoh1490 said:

That's the only sensible way forward, if indeed we have to go down this sheep track of a road in the first place. Ideology....I can't get past the idea that Brexit has become a religion for many and the name Jim Jones keeps popping into my head.

 

 

It really has become a cult hasn't it ? People are chanting the mantras - "will of the people", "the Eu is going to collapse", "democratic deficit", "out means out", "soft brexit is no brexit", "take back control"  - as if repeating them enough times will change reality enough so that Brexit become a sensible idea.

 

No one has yet been able to give me a reason that will stand up to scrutiny as to why it is a good idea, but we must do it or the fabric of our society will collapse  - you must believe in it and support it or it won't work. Well I want this particular Tinkerbell to die, so I chose not to believe   - and I'm going to continue not to believe no matter how much I get accused of heresy.

 

Will the followers see the light and turn on their false prophets? Probably not, I suspect cognitive dissidence will win out and they will go to their grave saying " if only we  had left the EU"  

 

 

Brexit prompts Heathrow operator Ferrovial to move international HQ out of UK

 

https://www.bbc.com/news/business-44614352

I don't mean to bash but I think many of the people pushing for this are the sort that just need a cause to champion and being a contrarian is a viable option for them, judging by the number of hours supporters spend here discussing this point many of them are clearly bored. They're clearly not enumerate or logical folk, neither are they particularly visionary since as you say since nobody seems able to set out the tangible reasons that people keep asking for. I liken it to giving up a secure and comfortable home and voluntarily becoming homeless just as winter is starting, I mean, you just wouldn't do that. 

17 minutes ago, tebee said:

It really has become a cult hasn't it ?

Remainers, without a doubt a cult.

 

But there is a damn good reason for it

 

Leavers are mostly over 50 and remainers are mostly below 50, right ?

 

Here is why

 

Quote

Britain is becoming a stupid country, Melvyn Bragg says

Quote

We have, per capita, the best university system in the world, but it’s being – carelessly and utterly stupidly – destroyed very slowly,” he said. “We used to be the clever country and now we’re clearly the stupid country. Except for certain highlights.”

https://www.theguardian.com/media/2018/jun/26/britain-is-becoming-a-stupid-country-melvyn-bragg-says

 

30 - 35 years of dumbed down education, that really took off in 1997 under a Labour Government who's mantra was '' Everyone is entitled to go to University ''

 

We wont tell you that you are actually dumb as a rock, because it is great for Labour, it keeps unemployment figures down. Do not whinge when you have a Degree that is worthless.

5 minutes ago, simoh1490 said:

I don't mean to bash

Sure you do, so why be a wimp and try and worm out of it ?

 

A skill that certain remainers have down to a fine a art

10 minutes ago, simoh1490 said:

I don't mean to bash but I think many of the people pushing for this are the sort that just need a cause to champion and being a contrarian is a viable option for them, judging by the number of hours supporters spend here discussing this point many of them are clearly bored. They're clearly not enumerate or logical folk, neither are they particularly visionary since as you say since nobody seems able to set out the tangible reasons that people keep asking for. I liken it to giving up a secure and comfortable home and voluntarily becoming homeless just as winter is starting, I mean, you just wouldn't do that. 

 ****I don't mean to bash but I think many of the people pushing for this are the sort that just need a cause to champion and being a contrarian is a viable option for them ****

 

You do not make it clear, but I assume you mean the people pushing to overturn the democratic decision of the UK’s electorate to leave the EU.

 

I assume this by your use of the word contrarian, which means to oppose or reject popular opinion

8 minutes ago, Eloquent pilgrim said:

 ****I don't mean to bash but I think many of the people pushing for this are the sort that just need a cause to champion and being a contrarian is a viable option for them ****

 

You do not make it clear, but I assume you mean the people pushing to overturn the democratic decision of the UK’s electorate to leave the EU.

 

I assume this by your use of the word contrarian, which means to oppose or reject popular opinion

If only 37% of the population voted that we should go to war, would that be democracy in action and the path we must go down....I don't think so!

 

I'm having flashbacks now to cyclical arguments in Brexit debates of the past and I'm not inclined to go down that road yet again, not unless somebody has some new and startling information to add....no, I didn't think so.