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TOPIC: Brexit deadlock
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Re:Brexit deadlock 6 Years, 6 Months ago
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honey!oh sugar sugar. wrote:
They keep saying we can trade with the whole world now, but trade what? What exactly do we produce and sell?
... and who are those countries trading with now?
WHY would they dump their existing outlets to trade with us?
Lunacy !
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Re:Brexit deadlock 6 Years, 6 Months ago
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In The Know wrote:
honey!oh sugar sugar. wrote:
What exactly do we produce and sell?
we're good at banking and financial services, honey!
(but they are all moving to Frankfurt as soon as Brexit is sealed)
Simply untrue.
Many countries - like the UK - have large percentages (70%+) if their GDP emanating from the financial services industry.
These include:-
USA
Japan
Germany
France
Italy
Spain
Netherlands
Switzerland
Sweden
Belgium
Denmark
...but there are more...
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In The Know (as always !)
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Re:Brexit deadlock 6 Years, 5 Months ago
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In The Know wrote:
we're good at banking and financial services, honey!
(but they are all moving to Frankfurt as soon as Brexit is sealed) LOL !
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union.
I understand senior figures at the Bank are using the number as a "reasonable scenario", particularly if there is no specific UK-EU financial services deal.
The number could change depending on the UK's post-Brexit trading relationship with the EU.
But the bank still expects substantial job losses. Many jobs will move to the continent.
all from BBC front page story - www.bbc.co.uk/news/business-41803604
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Re:Brexit deadlock 6 Years, 5 Months ago
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The word 'could' is prominent/recurring in that piece!
With over 1 million people (also quoted) employed in the financial services industry in the City and UK, the loss of 75,000 doesn't seem that significant.
A bigger threat is computerisation, allowing bank branches to operate on a skeleton staff.
With machines giving/accepting cash, processing loan applications/mortgages, dispensing foreign currency etc.
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