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nickgusset Shizzlehurst 07 May 17 9.42pm | |
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Originally posted by Jimenez
Back to HOL radio you. Teacher, Radio Host, Political activist , Father, Homeowner, Union Rep. I really don't know how you cram so much into 24 Hours? EFA Dont forget Palace. They take up a bit of time too. And you forgot I work on top of that.
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nickgusset Shizzlehurst 10 May 17 12.00am | |
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Great article about Cadbury, Poland and the EU. [Link]
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Penge Eagle Beckenham 12 May 17 4.43am | |
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Let's start posting FACTS and not GUESS WORK from remoaners about the economy once we Brexit. Canadian pension fund PSP boss Andre Bourbonnais: We've picked London as our base as it'll be Europe's financial heartland after Brexit [Link] AND... [Tweet Link]
Edited by Penge Eagle (12 May 2017 4.56am)
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davenotamonkey 12 May 17 9.03am | |
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Originally posted by Penge Eagle
Let's start posting FACTS and not GUESS WORK from remoaners about the economy once we Brexit. Canadian pension fund PSP boss Andre Bourbonnais: We've picked London as our base as it'll be Europe's financial heartland after Brexit [Link] AND... [Tweet Link]
Edited by Penge Eagle (12 May 2017 4.56am) So that's a £4.6bn investment from one of the world's biggest pension funds. You can guarantee if a £4.6bn pension fund withdrew from the UK, it would be heralded with apocalyptic trumpeting on the Financial Times EU-nutjobs' front page. Funny how it gets absolutely zero mention when they chose their European base here, though. It must really have hurt to lead with that SoftBank investment. Then, not even 2 weeks ago, the Pershing Square Holdings hedge fund (£3.5bn) listed on the Stock Exchange after pulling out of Amsterdam: Terrible times.
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CambridgeEagle Sydenham 12 May 17 9.23am | |
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Originally posted by davenotamonkey
So that's a £4.6bn investment from one of the world's biggest pension funds. You can guarantee if a £4.6bn pension fund withdrew from the UK, it would be heralded with apocalyptic trumpeting on the Financial Times EU-nutjobs' front page. Funny how it gets absolutely zero mention when they chose their European base here, though. It must really have hurt to lead with that SoftBank investment. Then, not even 2 weeks ago, the Pershing Square Holdings hedge fund (£3.5bn) listed on the Stock Exchange after pulling out of Amsterdam: Terrible times. Listing on the LSE isn't investment in the UK. You can be a foreign registered company, do no business in the UK, pay no tax in the UK and be London listed. Also they've not pulled out of Amsterdam, they just have a dual listing. It's a move just to attract more investment in their company, not into the British economy. Yes they will pay listing fees and have to meet compliance requirements but this isn't some sort of massive boost to the economy. Something that has more of an impact on our economy: Worsened trade deficit despite the weak pound. Sluggish growth due to consumers spending less. Our economy is not fit for Brexit. Sure, London may provide a good place for a pension fund to have an office due to the cheap pound. But the fact is that 28 jobs, half of them for Canadian immigrants, in financial services isn't a signal of a Brexit that works for Britain. The pension fund will be targeting real estate in a big way given the value of the pound, which is probably the real reason they chose London. This will just dilute UK ownership of UK property and mean UK businesses will pay rent to Canadian pensioners, meaning a flow of resources out of our economy. Also looking at their portfolio, none of their top 10 holdings are British companies. Quelle surprise.
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Lyons550 Shirley 12 May 17 1.04pm | |
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Originally posted by nickgusset
I don't think money is going into the pockets of ordinary Greek people. Thats EXACTLY where its going and why their economy is fcuked...the amount of tax avoidance in the country is stupendous...with everyone taking a cut before it gets to their Treasury.
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CambridgeEagle Sydenham 12 May 17 2.17pm | |
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Report by big Law firm Freshfields. Main takeaway - Financial Services won't be ready for Brexit in 2019 and: "According to the report’s findings, UK companies want the government to focus on maintaining flexibility in cross-border employment rights " i.e. they don't want reduced immigration. The Tories aren't the kind of party that will disappoint on this kind of thing.
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Lyons550 Shirley 12 May 17 2.20pm | |
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Originally posted by CambridgeEagle
Report by big Law firm Freshfields. Main takeaway - Financial Services won't be ready for Brexit in 2019 and: "According to the report’s findings, UK companies want the government to focus on maintaining flexibility in cross-border employment rights " i.e. they don't want reduced immigration. The Tories aren't the kind of party that will disappoint on this kind of thing. is that your own interpretation as to what they mean...or are they quoted as saying that? The only reason i ask is that haven't the Tories said enough times that there will still be immigration...just that those that have the necessary skill sets will be given precedence (?)
The Voice of Reason In An Otherwise Mediocre World |
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CambridgeEagle Sydenham 12 May 17 3.08pm | |
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Originally posted by Lyons550
is that your own interpretation as to what they mean...or are they quoted as saying that? The only reason i ask is that haven't the Tories said enough times that there will still be immigration...just that those that have the necessary skill sets will be given precedence (?) My own interpretation. Hence the use of i.e. I can't see the shape of immigration altering much post Brexit.
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davenotamonkey 12 May 17 3.16pm | |
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Originally posted by CambridgeEagle
Listing on the LSE isn't investment in the UK. You can be a foreign registered company, do no business in the UK, pay no tax in the UK and be London listed. Also they've not pulled out of Amsterdam, they just have a dual listing. It's a move just to attract more investment in their company, not into the British economy. Yes they will pay listing fees and have to meet compliance requirements but this isn't some sort of massive boost to the economy. Something that has more of an impact on our economy: Worsened trade deficit despite the weak pound. Sluggish growth due to consumers spending less. Our economy is not fit for Brexit. Sure, London may provide a good place for a pension fund to have an office due to the cheap pound. But the fact is that 28 jobs, half of them for Canadian immigrants, in financial services isn't a signal of a Brexit that works for Britain. The pension fund will be targeting real estate in a big way given the value of the pound, which is probably the real reason they chose London. This will just dilute UK ownership of UK property and mean UK businesses will pay rent to Canadian pensioners, meaning a flow of resources out of our economy. Also looking at their portfolio, none of their top 10 holdings are British companies. Quelle surprise. Multibillion-pound organisations clearly see the UK as an attractive location to do business. In making the decision to locate here, they are expressing confidence in the UK despite your butt-hurt alarmism. Is there any "Brexit that works for Britain" in your eyes, that doesn't involve de facto remaining in the EU? You strike me as hilariously protectionist for someone who worships at the EU altar. It's impressive, the desperation in painting every positive story posted on here as doom and gloom. You must be great fun at parties. Sneer and wail all you like. It's all you'll have come the 9th June.
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hedgehog50 Croydon 12 May 17 3.51pm | |
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The Remainers are becoming increasingly like the Jehovah's Witnesses going on about the final days. Similarly they have to keep deferring the actual time when all the calamities take place, but they are convinced it's coming - the end is nigh (or perhaps Nigel).
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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CambridgeEagle Sydenham 12 May 17 4.40pm | |
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Originally posted by davenotamonkey
Multibillion-pound organisations clearly see the UK as an attractive location to do business. In making the decision to locate here, they are expressing confidence in the UK despite your butt-hurt alarmism. Is there any "Brexit that works for Britain" in your eyes, that doesn't involve de facto remaining in the EU? You strike me as hilariously protectionist for someone who worships at the EU altar. It's impressive, the desperation in painting every positive story posted on here as doom and gloom. You must be great fun at parties. Sneer and wail all you like. It's all you'll have come the 9th June. I do think it's possible to make Brexit work for Britain, but you have to be realistic over immigration and get the fiscal policy right. The Tories' plans are not, in my opinion, adequate to make a success of it. Their direction of travel will see us worse off economically and socially than we would have been inside the EU. The EU though is in need of reform and if we were able to get a good exit deal for the country as a whole and reform economic policy it could be better outside, but the chances of that appear slim.
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