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Williams tended to think that the car drove itself too - and look where they are now...Nigelb said:
Why should Ferrari spoil a long and glorious tradition of contempt for its drivers, Mr.D ?Morris_Dancer said:F1: missed this, but, along with cliches about threatening to walk, Ferrari's boss has said something else stupid (from BBC Gossip):
"Ferrari President Sergio Marchionne also says his team will need to look into replacing Kimi Raikkonen should the Finn have another inconsistent season in 2018. (The Checkered Flag)"
You just chose to retain him, idiot. Either back him or replace him, don't renew his contract then say "If he's as shit as last year we'll get a new driver." Oaf.
Enzo would have thoroughly approved.0 -
I can't say I've ever signed an obnoxious NDA: they've always been rather dry, sensible documents about not revealing company tech to others without permission, and that sort of thing. This seems to be several orders of magnitude more malign.Nigelb said:
And people ask why women didn't speak out sooner about Weinstein...JosiasJessop said:
As a decidedly non-lawyer. I'm amazed that NDAs can be used for such things. And the following seems odd:Nigelb said:What do our lawyers make of this case, and the questions it raises over NDAs ?
http://www.bbc.co.uk/news/entertainment-arts-42417655
"They were advised that their best option was to take legal action against Weinstein. What followed eventually led to the signing of an agreement so shrouded in secrecy that Ms Perkins herself is not permitted to own a copy of the document, but can look at it under supervision."
I can understand the use of NDAs in civil matters (though they can still be obnoxious), but their use effectively to bury evidence of alleged crimes seems to go against all principles of justice. Why does the legal system accept this, let alone encourage it ?0 -
So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/0 -
Mr. Jessop, humbug. Humbug, I tell you!
Edited extra bit: alas, Mr. B. They need a good aerodynamicist. The chap who used to work at Mercedes (Lowe?) might be just who they need.
Incidentally, if it is Lowe then I reserve the right to make lion and wolf references (Lowe, with an umlaut is the German for 'lion', I think).0 -
I've come across them relating to personnel matters, where they have been the least worst option.JosiasJessop said:
I can't say I've ever signed an obnoxious NDA: they've always been rather dry, sensible documents about not revealing company tech to others without permission, and that sort of thing. This seems to be several orders of magnitude more malign.Nigelb said:
And people ask why women didn't speak out sooner about Weinstein...JosiasJessop said:
As a decidedly non-lawyer. I'm amazed that NDAs can be used for such things. And the following seems odd:Nigelb said:What do our lawyers make of this case, and the questions it raises over NDAs ?
http://www.bbc.co.uk/news/entertainment-arts-42417655
"They were advised that their best option was to take legal action against Weinstein. What followed eventually led to the signing of an agreement so shrouded in secrecy that Ms Perkins herself is not permitted to own a copy of the document, but can look at it under supervision."
I can understand the use of NDAs in civil matters (though they can still be obnoxious), but their use effectively to bury evidence of alleged crimes seems to go against all principles of justice. Why does the legal system accept this, let alone encourage it ?
Their use relating to criminal matters seems wholly wrong.
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People have been pointing out the fundamental flaws in the structure and the rules of the EU for a long time. This is nothing new.rottenborough said:So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/
Either the EU morphs into a USofE where countries are stipped of a lot of their soverign power and things become centralised, or it'll lumber on not working from crisis to crisis.0 -
I agree. A supposedly Sovereign nation being told how to vote by an unelected bureaucrat as a “test” of our commitment to democracy. If someone made it up you would find it hard to credit.rottenborough said:So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/
Thank goodness we are leaving.0 -
About to pick a second pay driver for next season, reportedly.TonyE said:
Williams tended to think that the car drove itself too - and look where they are now...Nigelb said:
Why should Ferrari spoil a long and glorious tradition of contempt for its drivers, Mr.D ?Morris_Dancer said:F1: missed this, but, along with cliches about threatening to walk, Ferrari's boss has said something else stupid (from BBC Gossip):
"Ferrari President Sergio Marchionne also says his team will need to look into replacing Kimi Raikkonen should the Finn have another inconsistent season in 2018. (The Checkered Flag)"
You just chose to retain him, idiot. Either back him or replace him, don't renew his contract then say "If he's as shit as last year we'll get a new driver." Oaf.
Enzo would have thoroughly approved.0 -
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?0 -
It's none of our business.rottenborough said:So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/0 -
There yet government funding that has to be done by the end of the week. It had a provision for funding Obamacare in it that the Rep hardliners are threatening to block it over, bit hat same provision is what was required to get Collins to vote Yes on the Tax bill.rottenborough said:
Morning all,Morris_Dancer said:Good morning, everyone.
Nice little story, which will add to the trend of red woe in the US. Be interesting to see, should he get them passed, what Trump's tax reforms do to the political landscape.
Seems highly likely Trump tax plan will pass now. Just a procedural issue to sort out now.
God alone knows what this will do the world economy as US economy overheats.
Never mind the drilling for oil in Artic wilderness that has been tacked on the end of the Bill.0 -
Pithy:
"Theresa May, who is to campaigning what Jacob Rees-Mogg is to whippet breeding..."
http://www.telegraph.co.uk/news/2017/12/19/jeremy-corbyn-gambling-british-voters-want-smug-presumptuous/0 -
Mr. E, sorry, meant to reply to you rather than Mr. B above.
Mr. B, indeed. That said, the Williams performance in most ways is pretty good but they've not been aerodynamically strong for years, and that's critical.0 -
The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.0
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Hurrah for the ECJ! A fine institution.0
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The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
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I should think the majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
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It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
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Yes - we can choose to erect barriers or not. Which do you support?TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
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They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?0 -
Of course, you understand the difference between regulations in a cross-border industry and laws impacting on the lives of every citizen.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
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Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.0 -
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?0 -
Paris is going to be where I'll be spending most of my time now.Alanbrooke said:
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?
I think I'm going to take that job with NAB now.
But do I really want to take a job in Australia after an Ashes whitewash?0 -
To be fair to the Prime Minister, she was caught unawares by the election which no-one expected.rottenborough said:Pithy:
"Theresa May, who is to campaigning what Jacob Rees-Mogg is to whippet breeding..."
http://www.telegraph.co.uk/news/2017/12/19/jeremy-corbyn-gambling-british-voters-want-smug-presumptuous/0 -
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.0 -
commiserationsTheScreamingEagles said:
Paris is going to be where I'll be spending most of my time now.Alanbrooke said:
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?
I think I'm going to take that job with NAB now.
But do I really want to take a job in Australia after an Ashes whitewash?
Paris is a bigger dump than London
only the Musee D'Orsay makes it interesting
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The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?0 -
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.0 -
I think it would be a mistake to assume that because people sign these agreements the Court will uphold them. It is not as nearly as simple as that.Slackbladder said:
It does seem to be a system where all the power is again with the rich and powerful. We need a legal system, but it needs to be fair as well.DavidL said:
My eyebrows rather went up at that point too. I think that there’s a place for NDAs but I am not sure this is it. This seems to me to be an illegal contract which the court would probably be unwilling to uphold contra bones mores. I certainly wouldn’t fancy going to the Court of Session seeking interim orders on the basis of such a document.JosiasJessop said:
As a decidedly non-lawyer. I'm amazed that NDAs can be used for such things. And the following seems odd:Nigelb said:What do our lawyers make of this case, and the questions it raises over NDAs ?
http://www.bbc.co.uk/news/entertainment-arts-42417655
"They were advised that their best option was to take legal action against Weinstein. What followed eventually led to the signing of an agreement so shrouded in secrecy that Ms Perkins herself is not permitted to own a copy of the document, but can look at it under supervision."0 -
We aren't leaving in order to change things for the sake of it.TOPPING said:
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.
Taking back control allows to change things where that benefits or to maintian things where that benefits.0 -
I thought the forecast was for 4600 city jobs to go which basically means none.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
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Did I say the city will collapse? No.TonyE said:
The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?
I said revenues from the Financial Services Industry will collapse.
News just in, the Financial Services Industry =/= The City.
We've done modelling on a FTA without a deal for Financial Services, The Canada option isn't pleasant reading.
By losing passporting rights we'll have to transfer capital to the EU as per the regs.0 -
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/7223914535997235200 -
The current governing party in Poland has a lead of up to 30 per cent in current polling - much the same in Hungary with even higher leads. I expect many Western European leaders would love that level of support!DavidL said:
I agree. A supposedly Sovereign nation being told how to vote by an unelected bureaucrat as a “test” of our commitment to democracy. If someone made it up you would find it hard to credit.rottenborough said:So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/
Thank goodness we are leaving.
Clearly the people of Poland and Hungary don't seem overly concerned. When does their right to do what most Poles and Hungarians want get to be overridden by what EU bureaucrats and judges elected by no one think is right?
The EU itself is only a respector of democracy when the voters do what they want!0 -
You did worship at the altar of George O though, a man looking rather discredited now given his predictions of financial Armageddon.TheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/7223914535997235200 -
The main reason that the City won't be particularly impacted by Brexit is because a large proportion of financial transactions that take place there have no relationship to business or trade at all. Most of this stuff is simply speculation. 95% plus of forex transactions are speculative and totally unrelated to trade - which is why the currencies do not appear to have much relation to what is going on in the real economy. Most derivative transactions have no relation to any real business need by definition. The City is to a large extent a giant casino. It will happily carry on mostly as before.TonyE said:
The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?
Financial services are a different group. TSE is right on this one although I don't believe that they will be heavily impacted. If you want a service you can always buy it from the place it is offered. What, for example, is to stop UK insurers offering insurance to EU companies written in the UK whether the EU likes it or not?0 -
I think that would be under 1%Alanbrooke said:
I thought the forecast was for 4600 city jobs to go which basically means none.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
This was my favourite doom and disaster prediction:
' If you perchance thought that your London banking job would be safe with Britain outside the European Union, you were seemingly wrong. Consultants working for leading strategy firms in London say banks have activated their contingency plans and that the London job cuts are about to come thick and fast.
“You’re looking at anything from 50,000 to 70,000 London finance jobs being moved overseas in the next 12 months,” predicts one consultant working with one of the top finance strategy firms in the City. “Jobs are going to be cut, and those cuts are going to start next week.” '
https://news.efinancialcareers.com/uk-en/248265/london-banking-redundancies-brexit/
There is quite a difference between the frothing about potential future job losses in the City and the lack of interest in actual banking job losses in the present as hundreds more branches close around the country.0 -
Exactly and my guess is that more things than people imagine won't change because the system currently benefits us. As I said, futile.another_richard said:
We aren't leaving in order to change things for the sake of it.TOPPING said:
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.
Taking back control allows to change things where that benefits or to maintian things where that benefits.0 -
so why do you think non finance people will care ?TheScreamingEagles said:
Did I say the city will collapse? No.TonyE said:
The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?
I said revenues from the Financial Services Industry will collapse.
News just in, the Financial Services Industry =/= The City.
We've done modelling on a FTA without a deal for Financial Services, The Canada option isn't pleasant reading.
By losing passporting rights we'll have to transfer capital to the EU as per the regs.
you sat back when their jobs were going down the pan and egged on the "new economy" of spin and spivs
and despite all the threats youre still here, still earning money and maybe even paying taxes0 -
Because the Financial Services Industry is the largest contributor to the Exchequer.Alanbrooke said:
so why do you think non finance people will care ?TheScreamingEagles said:
Did I say the city will collapse? No.TonyE said:
The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?
I said revenues from the Financial Services Industry will collapse.
News just in, the Financial Services Industry =/= The City.
We've done modelling on a FTA without a deal for Financial Services, The Canada option isn't pleasant reading.
By losing passporting rights we'll have to transfer capital to the EU as per the regs.
you sat back when their jobs were going down the pan and egged on the "new economy" of spin and spivs
and despite all the threats youre still here, still earning money and maybe even paying taxes
Try funding the NHS or tax credits without us.0 -
sorry, I thought you were simply updating us on your domestic arrangementsTheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/7223914535997235200 -
It's great to get reassurances from those who told us that the EU would be desperate for a deal and that we hold all the negotiating cards that Brexit will have little to no impact on the City and the huge amounts of revenue that it generates for the UK exchequer.
I suspect that is correct, because we are going to have the softest and fluffiest of departures.0 -
The wife might also enjoy and benefit from the dinner - and maybe even enjoy the other if she gets reciprocal benefits in return! And you don't of course need to be married to have dinner or relations.Alanbrooke said:
sorry, I thought you were simply updating us on your domestic arrangementsTheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/722391453599723520
She might get the house in full as part of the deal - even though hubby paid for most of it.0 -
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?0 -
That's my feeling as well. It is always very conspicuous that, despite all the talk of taking back control, when leavers are asked what exactly it is that they wish to change about our current regulatory environment, they struggle to come up with anything very much.TOPPING said:
Exactly and my guess is that more things than people imagine won't change because the system currently benefits us. As I said, futile.another_richard said:
We aren't leaving in order to change things for the sake of it.TOPPING said:
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.
Taking back control allows to change things where that benefits or to maintian things where that benefits.
The biggest advantage is probably being able to use the farming subsidy in a more constructive way - as Gove has proposed - redirecting them toward smaller and more environmentally worthwhile farming practice. But that will depend on the Tories being courageous enough to take a lot of money away from some large and powerful landowners - I am not holding my breath,0 -
you keep missing the pointTOPPING said:
Exactly and my guess is that more things than people imagine won't change because the system currently benefits us. As I said, futile.another_richard said:
We aren't leaving in order to change things for the sake of it.TOPPING said:
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.
Taking back control allows to change things where that benefits or to maintian things where that benefits.
there is no "us" in this
it benefits some and disadvantages others0 -
so now you don't want a soft Brexit ?SouthamObserver said:It's great to get reassurances from those who told us that the EU would be desperate for a deal and that we hold all the negotiating cards that Brexit will have little to no impact on the City and the huge amounts of revenue that it generates for the UK exchequer.
I suspect that is correct, because we are going to have the softest and fluffiest of departures.0 -
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?0 -
Mr Eagles, surely a good Muslim boy doesn't know about those?TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?0 -
only in your headTheScreamingEagles said:
Because the Financial Services Industry is the largest contributor to the Exchequer.Alanbrooke said:
so why do you think non finance people will care ?TheScreamingEagles said:
Did I say the city will collapse? No.TonyE said:
The idea that the City will 'collapse' on Brexit is utter nonsense. Retail Banking is still regulated by nation states, corporate exists also under the new Mifid 2 regs (which we are adopting). Art 63 prevents restrictions on movement of wholesale capital, which is the City's largest activity. Many of the companies which export 'services' into the retail market already exist in some form in the EZ. Money going into the UK investment markets won't be affected, because we won't put up a barrier to it and the EU doesn't allow one.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
So why would the 'end be nigh' for the tax revenue of the City?
I said revenues from the Financial Services Industry will collapse.
News just in, the Financial Services Industry =/= The City.
We've done modelling on a FTA without a deal for Financial Services, The Canada option isn't pleasant reading.
By losing passporting rights we'll have to transfer capital to the EU as per the regs.
you sat back when their jobs were going down the pan and egged on the "new economy" of spin and spivs
and despite all the threats youre still here, still earning money and maybe even paying taxes
Try funding the NHS or tax credits without us.
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
0 -
Never mind, you can join what appears to be a populous club of PB'ers living beyond the reach of Brexit who love posting here telling everyone what "we" should and shouldn't be doing......TheScreamingEagles said:
Paris is going to be where I'll be spending most of my time now.Alanbrooke said:
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?
I think I'm going to take that job with NAB now.
But do I really want to take a job in Australia after an Ashes whitewash?0 -
No, I'm all for one. It's not optimal, but it's better than the swivel-eyed alternative. It's becoming clearer that not much is going to change.Alanbrooke said:
so now you don't want a soft Brexit ?SouthamObserver said:It's great to get reassurances from those who told us that the EU would be desperate for a deal and that we hold all the negotiating cards that Brexit will have little to no impact on the City and the huge amounts of revenue that it generates for the UK exchequer.
I suspect that is correct, because we are going to have the softest and fluffiest of departures.
0 -
I only knew about them whenydoethur said:
Mr Eagles, surely a good Muslim boy doesn't know about those?TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?
1) South Yorkshire produced the country's youngest grandmother at 26, it came up in that context.
2) Prince Harry was involved in 'Grab A Granny'0 -
that was going so well until you used swivel eyedSouthamObserver said:
No, I'm all for one. It's not optimal, but it's better than the swivel-eyed alternative. It's becoming clearer that not much is going to change.Alanbrooke said:
so now you don't want a soft Brexit ?SouthamObserver said:It's great to get reassurances from those who told us that the EU would be desperate for a deal and that we hold all the negotiating cards that Brexit will have little to no impact on the City and the huge amounts of revenue that it generates for the UK exchequer.
I suspect that is correct, because we are going to have the softest and fluffiest of departures.
do your eyes swivel ?0 -
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.0 -
I expect most people aren't that interested directly in the bulk of our regulatory environment and the associated rules and are quite happy with most EU laws. The principle was more who got to decide what they were and who could change them if we didn't like one or more - people we elect directly or people we don't.IanB2 said:
That's my feeling as well. It is always very conspicuous that, despite all the talk of taking back control, when leavers are asked what exactly it is that they wish to change about our current regulatory environment, they struggle to come up with anything very much.TOPPING said:
Exactly and my guess is that more things than people imagine won't change because the system currently benefits us. As I said, futile.another_richard said:
We aren't leaving in order to change things for the sake of it.TOPPING said:
Of course. But didn't we leave to take back control? It's the difference between theory and practice. We are theoretically able to do something, blow our brains out with a shotgun, say, but actually we are not going to do that (most sane people are not going to do that) thus proving the exercise futile.another_richard said:
Which is what happens now.TOPPING said:
It signals that whatever comes out of Brussels will be replicated here. The BoE and FCA will take each EU regulation and implement it here. With knobs on.Philip_Thompson said:
The BoE's move on inbound passporting is what we should have done with citizens rights 18 months ago. If it gets a reciprocal agreement then great.TOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
And the system you support.
Taking back control allows to change things where that benefits or to maintian things where that benefits.
The biggest advantage is probably being able to use the farming subsidy in a more constructive way - as Gove has proposed - redirecting them toward smaller and more environmentally worthwhile farming practice. But that will depend on the Tories being courageous enough to take a lot of money away from some large and powerful landowners - I am not holding my breath,
If a dictator developed regulations that were OK - would that be OK?0 -
0
-
this simply says you cant do mathsTheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
0 -
So George Osborne's biggest fan didn't believe his predictions ?TheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/722391453599723520
And if we're looking at comments from the dim and distant:
' The ScreamingEagles said:
Observation at work as trading in RBS and Barclays shares are suspended
In hindsight Dave and George didn't go hard enough on the economic consequences of a Leave vote. '
http://www2.politicalbetting.com/index.php/archives/2016/06/27/cameron-is-going-boris-is-in-hiding-and-labour-faces-civil-war-so-who-will-lead-britain/#vanilla-comments
We were told doom and disaster would befall us upon a Leave vote and when it didn't happen we were told that it would when A50 was triggered and when it didn't happen we were told than it would by Christmas.
For that matter we were told that doom and disaster would happen if the UK didn't join the Euro and before that if the UK left the ERM.
When the doom and disaster predictions have such a record of failure why should we believe the latest incarnation ?0 -
'Still ahead on net contributions' - of course this doesn't recognise the systemic impact on our economy that a decade of poor banking practise has wrought.TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
If I were a banker I'd think that a period of silence would be welcome.0 -
Just quoting someone else, RBS and Barclays having their shares suspended was pretty big news in this part of the world.another_richard said:
So George Osborne's biggest fan didn't believe his predictions ?TheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/722391453599723520
And if we're looking at comments from the dim and distant:
' The ScreamingEagles said:
Observation at work as trading in RBS and Barclays shares are suspended
In hindsight Dave and George didn't go hard enough on the economic consequences of a Leave vote. '
http://www2.politicalbetting.com/index.php/archives/2016/06/27/cameron-is-going-boris-is-in-hiding-and-labour-faces-civil-war-so-who-will-lead-britain/#vanilla-comments
We were told doom and disaster would befall us upon a Leave vote and when it didn't happen we were told that it would when A50 was triggered and when it didn't happen we were told than it would by Christmas.
For that matter we were told that doom and disaster would happen if the UK didn't join the Euro and before that if the UK left the ERM.
When the doom and disaster predictions have such a record of failure why should we believe the latest incarnation ?0 -
+1DavidL said:
I agree. A supposedly Sovereign nation being told how to vote by an unelected bureaucrat as a “test” of our commitment to democracy. If someone made it up you would find it hard to credit.rottenborough said:So, we may have found a fundamental flaw in the EU, which needs fixing asap.
Poland, or any other country, violating democratic norms over things like the judiciary and media, can only have serious action taken against them if all other EU countries agree. Hungary doesn't. For obvious reasons.
So as far as I can see it only takes two countries to fall into semi-dictatorship and the EU is finished.
I speak as a remainer. This is bad. Very bad.
http://www.telegraph.co.uk/news/2017/12/19/theresa-may-brexit-bind-faces-calls-condemn-anti-democratic/
Thank goodness we are leaving.0 -
In 2015-16, the banking sector alone contributed £24.4 billion to UK tax receipts in corporation tax, income tax, national insurance and through the bank levy.Alanbrooke said:
this simply says you cant do mathsTheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
In 2016, financial and insurance services contributed £124.2 billion in gross value added (GVA) to the UK economy, 7.2% of the UK’s total GVA.
There are over one million jobs in the financial and insurance sector (3.1% of all UK jobs).0 -
And the doom and disaster predictions have failed in so many other areas. As examples, and I'm sure there will be many others:another_richard said:
So George Osborne's biggest fan didn't believe his predictions ?TheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/722391453599723520
And if we're looking at comments from the dim and distant:
' The ScreamingEagles said:
Observation at work as trading in RBS and Barclays shares are suspended
In hindsight Dave and George didn't go hard enough on the economic consequences of a Leave vote. '
http://www2.politicalbetting.com/index.php/archives/2016/06/27/cameron-is-going-boris-is-in-hiding-and-labour-faces-civil-war-so-who-will-lead-britain/#vanilla-comments
We were told doom and disaster would befall us upon a Leave vote and when it didn't happen we were told that it would when A50 was triggered and when it didn't happen we were told than it would by Christmas.
For that matter we were told that doom and disaster would happen if the UK didn't join the Euro and before that if the UK left the ERM.
When the doom and disaster predictions have such a record of failure why should we believe the latest incarnation ?
Oil hasn't run out
There was no nuclear war
A new ice age or global warming hasn't made the world uninhabitable
The birds, bees, oceans and rain forests haven't all died from pollution
The millenium bug didn't cause the world to shut down
We didn't all die from AIDS, CJD, ebola or bird flu
The gazillions of finacial derivatives didn't destroy the economy in 2008
And on the cheery note that things are never as bad as they are predicted I'll wish you a good morning.
0 -
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.0 -
You're double counting there.ydoethur said:
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.
HBOS and Lloyds were the same event.
Lloyds TSB were pretty strong until the government bypassed the regs for them to take on HBOS.0 -
chortleTheScreamingEagles said:
In 2015-16, the banking sector alone contributed £24.4 billion to UK tax receipts in corporation tax, income tax, national insurance and through the bank levy.Alanbrooke said:
this simply says you cant do mathsTheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
In 2016, financial and insurance services contributed £124.2 billion in gross value added (GVA) to the UK economy, 7.2% of the UK’s total GVA.
There are over one million jobs in the financial and insurance sector (3.1% of all UK jobs).
but needed a taxpayer guarantee against their activities of £500 bn ( down from £1+trn )
which other businesses get taxpayer support to this level ?0 -
Alistair Darling said in his memoirs that even without HBOS they would still have needed a capital injection. Even allowing for some bias and for the possibility they might have raised it elsewhere, the fact is that the capital injections were made before the takeover was finalised - there was a move by HBOS directors to call it off afterwards.TheScreamingEagles said:
You're double counting there.ydoethur said:
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.
HBOS and Lloyds were the same event.
Lloyds TSB were pretty strong until the government bypassed the regs for them to take on HBOS.
That doesn't alter the fact that the forced merger of Lloyds TSB and HBOS was the most unwise financial transaction since Didius Julianus purchased the Roman Empire from the Praetorian Guard, but it does mean that Lloyds can be left in my list.0 -
The DUP from Theresa and the RHI?Alanbrooke said:
chortleTheScreamingEagles said:
In 2015-16, the banking sector alone contributed £24.4 billion to UK tax receipts in corporation tax, income tax, national insurance and through the bank levy.Alanbrooke said:
this simply says you cant do mathsTheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
In 2016, financial and insurance services contributed £124.2 billion in gross value added (GVA) to the UK economy, 7.2% of the UK’s total GVA.
There are over one million jobs in the financial and insurance sector (3.1% of all UK jobs).
but needed a taxpayer guarantee against their activities of £500 bn ( down from £1+trn )
which other businesses get taxpayer support to this level ?
The guarantee was an investment, it helped underpin our economy.0 -
I may have the wrong end of the stick here but my understanding was that they're still not for sale - just rent.TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?0 -
You may be right about the revenues which financial services bring in. But, as I pointed out earlier this year (http://www2.politicalbetting.com/index.php/archives/2017/01/20/cyclefree-asks-are-banks-the-new-unions/) no-one likes being beholden to a group which arrogantly thinks that their interests should predominate because of what might happen if they exercise their muscle, whether that is withdrawal of labour or withdrawal of jobs/revenues.TheScreamingEagles said:
You're double counting there.ydoethur said:
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.
HBOS and Lloyds were the same event.
Lloyds TSB were pretty strong until the government bypassed the regs for them to take on HBOS.
A period of humility from a sector which has not, for all its cleverness and contributions, exactly covered itself in glory in recent years might be welcome.
For a sector which has a lot of very clever people in it, it has a tin ear for how it comes across to the rest of the population and is very poor indeed at striking the right note in its PR. It needs far better communicators than it currently has.0 -
Often renting out is more profitable than a sale.david_herdson said:
I may have the wrong end of the stick here but my understanding was that they're still not for sale - just rent.TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?
Yes, I'm wearing my landlord's hat here.0 -
Never heard it called that before...TheScreamingEagles said:
Often renting out is more profitable than a sale.david_herdson said:
I may have the wrong end of the stick here but my understanding was that they're still not for sale - just rent.TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?
Yes, I'm wearing my landlord's hat here.
0 -
Nope, but then I have never claimed that the UK holds all the cards in the Brexit negotiations or that the EU will be desperate to do a deal or that we should just walk out without a deal. I left that to those whose eyes do swivel!!Alanbrooke said:
that was going so well until you used swivel eyedSouthamObserver said:
No, I'm all for one. It's not optimal, but it's better than the swivel-eyed alternative. It's becoming clearer that not much is going to change.Alanbrooke said:
so now you don't want a soft Brexit ?SouthamObserver said:It's great to get reassurances from those who told us that the EU would be desperate for a deal and that we hold all the negotiating cards that Brexit will have little to no impact on the City and the huge amounts of revenue that it generates for the UK exchequer.
I suspect that is correct, because we are going to have the softest and fluffiest of departures.
do your eyes swivel ?
As a member of the UK-hating metropolitan elite, I sometimes use metaphors. I assume that such treachery will soon be outlawed, so I am making the most of it while I can.
0 -
You rent out grannies?TheScreamingEagles said:
Often renting out is more profitable than a sale.david_herdson said:
I may have the wrong end of the stick here but my understanding was that they're still not for sale - just rent.TheScreamingEagles said:
You've never heard of grab a granny nights?ydoethur said:
As Private Walker said, there's no market for them.malcolmg said:
LOL, they would sell their grannieskjohnw said:
A tory UK government will never sell out Gibraltar to do a UK/EU trade deal. If this is how the EU want to play it, we are surely heading for no deal Brexit. A definite walk away scenarioTheScreamingEagles said:
What dispute?williamglenn said:https://www.ft.com/content/6164b140-e4f2-11e7-8b99-0191e45377ec
Brussels is piling pressure on the UK to resolve a 300-year-old Anglo-Spanish dispute over the Rock of Gibraltar if it wants to secure a quick deal on its post-Brexit transition period.
Have they never heard of the Treaty of Utrecht?
Yes, I'm wearing my landlord's hat here.
That explains a lot.
0 -
Humility from bankers? I fear you're in for a long wait.Cyclefree said:
You may be right about the revenues which financial services bring in. But, as I pointed out earlier this year (http://www2.politicalbetting.com/index.php/archives/2017/01/20/cyclefree-asks-are-banks-the-new-unions/) no-one likes being beholden to a group which arrogantly thinks that their interests should predominate because of what might happen if they exercise their muscle, whether that is withdrawal of labour or withdrawal of jobs/revenues.TheScreamingEagles said:
You're double counting there.ydoethur said:
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.
HBOS and Lloyds were the same event.
Lloyds TSB were pretty strong until the government bypassed the regs for them to take on HBOS.
A period of humility from a sector which has not, for all its cleverness and contributions, exactly covered itself in glory in recent years might be welcome.
For a sector which has a lot of very clever people in it, it has a tin ear for how it comes across to the rest of the population and is very poor indeed at striking the right note in its PR. It needs far better communicators than it currently has.0 -
any industry could advance the same argumentTheScreamingEagles said:
The DUP from Theresa and the RHI?Alanbrooke said:
chortleTheScreamingEagles said:
In 2015-16, the banking sector alone contributed £24.4 billion to UK tax receipts in corporation tax, income tax, national insurance and through the bank levy.Alanbrooke said:
this simply says you cant do mathsTheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
In 2016, financial and insurance services contributed £124.2 billion in gross value added (GVA) to the UK economy, 7.2% of the UK’s total GVA.
There are over one million jobs in the financial and insurance sector (3.1% of all UK jobs).
but needed a taxpayer guarantee against their activities of £500 bn ( down from £1+trn )
which other businesses get taxpayer support to this level ?
The guarantee was an investment, it helped underpin our economy.
how much of your "profits" were from the proceeds of illegal activities ?
and why do you think the taxpayer should be on the hook for these ?0 -
NEW THREAD
0 -
I blame the DPP, she's put so much pressure on the police to secure convictions of rape that they've begun to take shortcuts or, if one wants to paint a more sinister picture, witholding evidence they know will cause their case to fall apart.TheScreamingEagles said:Uh oh, this might be the beginning of a trend.
Met to review all ongoing rape cases after second trial collapses
Alleged child rapist cleared after non-disclosure of material from police was discovered, leading to a review of all cases
https://www.theguardian.com/uk-news/2017/dec/19/met-to-review-all-ongoing-cases-after-second-trial-collapses0 -
https://en.wikipedia.org/wiki/Musée_Jacquemart-AndréAlanbrooke said:
commiserationsTheScreamingEagles said:
Paris is going to be where I'll be spending most of my time now.Alanbrooke said:
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?
I think I'm going to take that job with NAB now.
But do I really want to take a job in Australia after an Ashes whitewash?
Paris is a bigger dump than London
only the Musee D'Orsay makes it interesting
If you haven't discovered it, you should make time you are next in Paris. Human scale with a fantastic collection (it's like Kenwood or the Frick).
Sparked my love for Nattier's work0 -
What forced merger? Lloyds wanted to do the deal and lobbied the government to let it go ahead. It wasn't the government applying the thumb screws.ydoethur said:
Alistair Darling said in his memoirs that even without HBOS they would still have needed a capital injection. Even allowing for some bias and for the possibility they might have raised it elsewhere, the fact is that the capital injections were made before the takeover was finalised - there was a move by HBOS directors to call it off afterwards.TheScreamingEagles said:
You're double counting there.ydoethur said:
I thought it was ten that were either rescued or forced to be taken over:TheScreamingEagles said:
Even with the bailouts we're still ahead on net contributions to the Treasury.Alanbrooke said:
only in your head
which got the bigger bailout ?
British Leyland+ shipbuilding+ mining + British Rail
or
The UK financial sector
You really shouldn't let one or two bad apples that went mammary glands up cloud you on the wider industry.
RBS
HBOS (autocorrect tried to make that 'hobos')
Lloyds
Bradford and Bingley
Northern Rock
Dunfermline
Derbyshire
Cheshire
Alliance and Leicester
Chesham
Plus Barclays had to raise outside capital.
HBOS and Lloyds were the same event.
Lloyds TSB were pretty strong until the government bypassed the regs for them to take on HBOS.
That doesn't alter the fact that the forced merger of Lloyds TSB and HBOS was the most unwise financial transaction since Didius Julianus purchased the Roman Empire from the Praetorian Guard, but it does mean that Lloyds can be left in my list.0 -
maybe because he is a Fantasist, he will stay in his bedsit in nowheresville and whine ad nauseumAlanbrooke said:
British Leyland is alive and well and living as JLR and MiniTheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
it had the huge advantage it actually employed lots of people
people who actually paid their taxes
why aren't you living in Geneva now ?0 -
Right, you were just 'quoting' someone else.TheScreamingEagles said:
Just quoting someone else, RBS and Barclays having their shares suspended was pretty big news in this part of the world.another_richard said:
So George Osborne's biggest fan didn't believe his predictions ?TheScreamingEagles said:
Those weren't my predictions.another_richard said:
You'll be telling us next that there will be a Punishment Budget.TheScreamingEagles said:
They'll care when the tax revenues from Financial Services Industry collapses and alternatives will be the sort of tax cuts and welfare cuts that'll give me the horn.Alanbrooke said:
I should think he majority of people outside London wont actually careTOPPING said:The BoE’s move on inbound passporting should illustrate to those sovereignty-seekers just what kind of control we will get post-Brexit and who will be doing the controlling.
Who's gonna step up and fill that fall in taxes?
British Leyland?
We heard this line 18 months ago - if Leave wins the City will move to Frankfurt and tax revenues will collapse.
It didn't happen.
My predictions were that within 2 years of the vote it would be wanting to have your cake and eat it would be shown to be bollocks.
I remember the grief I got for this tweet.
https://twitter.com/TSEofPB/status/722391453599723520
And if we're looking at comments from the dim and distant:
' The ScreamingEagles said:
Observation at work as trading in RBS and Barclays shares are suspended
In hindsight Dave and George didn't go hard enough on the economic consequences of a Leave vote. '
http://www2.politicalbetting.com/index.php/archives/2016/06/27/cameron-is-going-boris-is-in-hiding-and-labour-faces-civil-war-so-who-will-lead-britain/#vanilla-comments
We were told doom and disaster would befall us upon a Leave vote and when it didn't happen we were told that it would when A50 was triggered and when it didn't happen we were told than it would by Christmas.
For that matter we were told that doom and disaster would happen if the UK didn't join the Euro and before that if the UK left the ERM.
When the doom and disaster predictions have such a record of failure why should we believe the latest incarnation ?
Did you ever 'quote people who said "The stock market is at a record high and unemployment is down again, that Project Fear was a pack of lies" ?
0
