comment by moreinjuredthanowen (U9641)
posted 4 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Read my comment above. I think we sort of assume the EU will remain as is and everything will change around it. The EU and EZ is in as much if not more flux than UK. The Eurozone has to literally become a country to survive. At the moment Euro transactions are cleared through a country that is not in the Eurzone. Do you think that was ever feasible? Even if we remained in the EU?
comment by moreinjuredthanowen (U9641)
posted 1 minute ago
comment by Alexis The King Sanchez (U10026)
posted 18 minutes ago
comment by IvanGolacIsMagic (U5291)
posted 4 minutes ago
Gents
For those who think that the rules are already quite stringent, you should see some of the dross that we've got up in Scotland who have qualified under 'exceptional talent'. The rules are already far from stringent.
It'll create a lot of bureaucracy but ultimately I'd be surprised if it had much material impact on your clubs, particularly in the higher divisions. You'll still sign the same players, you'll just need additional admin support for all the additional paperwork.
----------------------------------------------------------------------
It will if the FA get their way and tighten foreign quotas. Their proposal is in exchange for an FA endorsement for work permits. This may not effect too many of the top clubs but it could have an impact on the rest of the premier league who may then vote for such quota rules.
As I mentioned earlier, I think this is something the FA will continue to push regardless of Brexit.
They are targeting winning the world cup in the next decade. They won’t achieve this goal with the current attitude towards homegrown players from most premier league clubs.
----------------------------------------------------------------------
they won't achieve this PERIOD.
the reality is france won world cup with a large proportion of its squad playing outsdie france.
lloris
pavard
Umtiti
varane
hernandez
Matuidi
pogba
kante
greizmann
giroud
ONLY mbappe playing in france. the same excerise can be applied to the bench.
National teams with leagues who IMPORT players are not going so well in general. spain has done ok but the time has passed now, italy fell away, germany has too.
It seems to me the only way to progress is to have a bigger pool of players across europe playing and cherry pick what you need.
Right now only one england player plays abroad (no not Rooney)
----------------------------------------------------------------------
Germany, Spain and Italy won the world cup largely with players playing in their league and at the same clubs.
Having a bigger pool of players is obviously key. I think playing all around Europe doesn’t make a massive difference providing the quality, set up and familiarity is there - as most of these world cup winners have shown.
The lack of opporutinies for English players playing in the top leagues is rightly a massive concern for the FA. Chances are we won’t win the world cup in the next decade. But that’s beside the point, that’s fan opinion not an FA directive to push towards this goal. Which is why we won’t see the last of this pressure from the FA.
comment by moreinjuredthanowen (U9641)
posted 3 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Slowly but surely UK businesses are being shut out of European contracts.
Unbelievably in one of the 100 UKG’s preparedness notices, in a no deal scenario the UKG actually recommended UK businesses may need to move abroad to fulfil future contracts.
The link I posted earlier highlighted the vast array of multinational companies that had already implemented contingency plans and moved all or some operations back inside the SM.
But whilst HMRC and the public purse may suffer, it’s the SME’s that stand to lose the most.
Interconnected (just in time) supply chains within the manufacturing and logistics sector for example do not all have the resources to simply up sticks, or source a replacement supplier(s) on their doorstep.
I find the situation utterly bizarre tbh. In that the UKG are spending years, and tens of billions of tax payers money, to secure an inferior position than we have now.
comment by Jenius99 (U4918)
posted 47 minutes ago
comment by moreinjuredthanowen (U9641)
posted 4 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Read my comment above. I think we sort of assume the EU will remain as is and everything will change around it. The EU and EZ is in as much if not more flux than UK. The Eurozone has to literally become a country to survive. At the moment Euro transactions are cleared through a country that is not in the Eurzone. Do you think that was ever feasible? Even if we remained in the EU?
----------------------------------------------------------------------
a) the euro zone doesn't have to do anything to survive. Its survived how long now despite making the fatal error of letting the Italians in from day 1?
b) feasibility has nothing to do with clearance for the euro. politics has. With the UK saying we are off the EU have decided that now it moves. I think truthfully most of eu is a horse trading exercise.
c) what we cannot deny is this about the EU, they hang together or they hang separately. Its a giant ponderous behemoth with 100s of millions more people in it that the USA. If it broke up then germany loses its export market on its door step. the benefits of the EU far outweigh the aggravation of giving every small ocuntry a show as having a say. The EU will be what it will be. The UK won't be in it. so this 60 odd million people need to trade with it and globally.
d) the reality is that if bisto gravy makers are not today sourcing raw materials in uk but are importing and having to stockpile it just shows you how interdependent its all become over the time its been in existence.
comment by What would Stuart Pearce do? (U3126)
posted 37 minutes ago
comment by moreinjuredthanowen (U9641)
posted 3 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Slowly but surely UK businesses are being shut out of European contracts.
Unbelievably in one of the 100 UKG’s preparedness notices, in a no deal scenario the UKG actually recommended UK businesses may need to move abroad to fulfil future contracts.
The link I posted earlier highlighted the vast array of multinational companies that had already implemented contingency plans and moved all or some operations back inside the SM.
But whilst HMRC and the public purse may suffer, it’s the SME’s that stand to lose the most.
Interconnected (just in time) supply chains within the manufacturing and logistics sector for example do not all have the resources to simply up sticks, or source a replacement supplier(s) on their doorstep.
I find the situation utterly bizarre tbh. In that the UKG are spending years, and tens of billions of tax payers money, to secure an inferior position than we have now.
----------------------------------------------------------------------
I work in logistics and it's a breath of fresh air exporting to the EU. Also it saves me a lot of money, well not me personally, the company but they're my targets. Not to mention the huge amount of time spent on shipping outside of the EU preparing documentation, involving the Chamber of Commerce, paying licensing fees, the last one was £5000 for the year and of course the customs charges. It's going to affect us in a bad way.
My wife works for Citi Bank, I believe the biggest bank in the world? She told me that they already started moving the London base to Dublin. Hoping Belfast doesn't come next.
a) the euro zone doesn't have to do anything to survive. Its survived how long now despite making the fatal error of letting the Italians in from day 1?
----------------------------------
But thats just it. Whether it was Italy or Greece or Portugal or so many other Eastern European countries that were invited in. Its a constant roller coaster because fundamentally the structure is wrong. Just think for a minute why so many nationalist governments are getting voted in. Its not because the populous is happy despite the economic conditions being better than a few years ago when the Greeks were literally rioting on the streets and calling for revolution! Sticking plaster won't fix the next time there is a crisis. As soon as there is a downturn in the business cycle what happens?
b) feasibility has nothing to do with clearance for the euro. politics has. With the UK saying we are off the EU have decided that now it moves. I think truthfully most of eu is a horse trading exercise.
----------------------------------------------------
You are assuming the plans to move weren't already in the pipeline irrespective of the referendum because things were not OK. I know we all have memories of goldfish but there is a reason why the EU has negative interest rates and such high unemployment rates.
Greece still has 20% unemployment, Spain 15%, Italy 10%, France 9%. Just think abt that for a minute.
d) the reality is that if bisto gravy makers are not today sourcing raw materials in uk but are importing and having to stockpile it just shows you how interdependent its all become over the time its been in existence.
--------------------------------------
I agree. And thats why there has to be a deal.
Homegrown rule shouldn’t be the sole policy. I understand it’s being highlighted because of brexit though.
Forgetting brexit, in terms of helping English grassroots I think there should be a 5% tax on ticket sales, sponsorship deals and/or transfer fees that goes towards grassroots football.
Should only apply to league one, championship and premier league clubs
So I should pay an extra 5% tax on my season ticket to support grass roots football?
The money should not come directly from paying fans.
Comment deleted by Site Moderator
comment by wearethefamousTHFC (U19211)
posted 5 minutes ago
One of the biggest finance company's in the world just committed to new offices in London .. stop scare mongering .. its all you seem to have
Goldman Sachs plans to almost fully occupy its £1bn under-construction London headquarters, despite starting to move around 500 City bankers to the EU due to Brexit.
The US investment bank intends to fill all but half a floor of the 10 storey “ground scraper” on Farringdon Road when its bankers move in from three older properties nearby next year, it is understood.
London will stay the capital of finance anyone who thinks otherwise is a muppet
----------------------------------------------------------------------
Executives at banks including Morgan Stanley, Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co. have said they will move staff and operations out of Britain to service their EU clients.
It already has. Global banks aren’t waiting around to see what Brexit deal May will strike with her EU counterparts. They have already begun the process of shifting some U.K.-based operations to new or expanded trading hubs inside the EU, and have started recruiting locally for staff. Some non-British traders have returned home; others, tired of wondering whether their jobs will be moved or cut, are volunteering to transfer to their native EU countries should their employers need to relocate staff. European regulators are pushing financial firms to establish full-scale, standalone operations inside the trading bloc staffed by significant numbers of both front- and back-office people as well as senior employees by the time the U.K. leaves in March 2019.
Most of them will be going to Frankfurt. Goldman Sachs Group Inc., Bank of America Corp. and Standard Chartered Plc have picked the German financial hub for their new EU trading headquarters. Barclays has opted for Dublin, Ireland’s capital, while HSBC Holdings Plc is heading to Paris and Citi moving staff from London to Dublin, Frankfurt, Paris and Madrid.
It's not scaremongering, it's already happening or in some cases has already happened. You can continue to bury your head in the sand all you like.
comment by wearethefamousTHFC (U19211)
posted 20 minutes ago
One of the biggest finance company's in the world just committed to new offices in London .. stop scare mongering .. its all you seem to have
Goldman Sachs plans to almost fully occupy its £1bn under-construction London headquarters, despite starting to move around 500 City bankers to the EU due to Brexit.
The US investment bank intends to fill all but half a floor of the 10 storey “ground scraper” on Farringdon Road when its bankers move in from three older properties nearby next year, it is understood.
London will stay the capital of finance anyone who thinks otherwise is a muppet
----------------------------------------------------------------------
With respect, you've continually misunderstood the consequences of leaving the EU.
Thousands of jobs in financial services have already moved to Dublin, Frankfurt, Paris, Lisbon, etc etc to minimise the risk of losing financial passporting.
Whilst the FCA has begun to implement an interim permissions scheme (so UK based FS can continue to export into the EU) the EBA, in association with the Commission are drafting a directive which will prevent FS from simply setting up an office in Frankfurt if their core business is in the UK.
Don't take my word for it, read the UK government's own research briefings. Like that's ever going to happen
comment by Bake 'em away toys (U7303)
posted 5 hours, 41 minutes ago
So I should pay an extra 5% tax on my season ticket to support grass roots football?
The money should not come directly from paying fans.
----------------------------------------------------------------------
Directly or In Directly you will be paying. If its on transfers or sponsorship they'll increase ticket prices to pay for those extra transfer spending.
The people who pay for the sponsors will increase their prices
Comment deleted by Site Moderator
comment by wearethefamousTHFC (U19211)
posted 12 minutes ago
ohh lets all be reactionary .. ffs grow up , so some companys are moving, they will soon move back when Europe goes tiiiiits up
Plus all these rich bankers and fraudsters can fk off anywaythey are still thieving off us all
----------------------------------------------------------------------
An informative response as usual.
I take it weare voted leave then.
Weare
Not that you'll read it (I know you are fact averse) some stats on financial services as per June 2018:
https://www.ey.com/uk/en/newsroom/news-releases/18-06-25-ey-financial-services-brexit-tracker---firms-forge-ahead-with-contingency-plans-despite-transition-agreement
comment by wearethefamousTHFC (U19211)
posted 1 hour ago
ohh lets all be reactionary .. ffs grow up , so some companys are moving, they will soon move back when Europe goes tiiiiits up
Plus all these rich bankers and fraudsters can fk off anywaythey are still thieving off us all
----------------------------------------------------------------------
Head in the sand, la la la. You're wrong, I'm right, la la la.
Biggest source of income? Well they can feck off too.
As long as we have our country back.
Regarding current club status, usually these new conditions are not retroactive. Thus, no immediate impact?
If the ultimate result is the impetus to develop new home-grown world class stars then it will be worth the effort. The playing field could be leveled so that "deep pockets" could not merely buy success.
Regarding current club status, usually these new conditions are not retroactive. Thus, no immediate impact?
If the ultimate result is the impetus to develop new home-grown world class stars then it will be worth the effort. The playing field could be leveled so that "deep pockets" could not merely buy success.
Not there would be a time period for clubs to meet the conditions.
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
comment by Alexis The King Sanchez (U10026)
posted 10 minutes ago
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
----------------------------------------------------------------------
If there is a restriction on the number of "foreign" star players that a club could have on its roster, then logic might say that the access(money) to this talent pool would be reduced and local talent would have to fill the gap?
im sick and tired of brexit, brexit this, brexit that, brexit brexit brexit brexit.
why can things not be about brexit all the time. brexit used to be about democracy and freedom, but now it is about football?!
one day I will be hearing something ridiclous like we will settle the Eu negotiation with a big football match, between the eu and england. I bet even then remainers would be begging for us to lose.
BREXIT
comment by Globaled (U7198)
posted 2 hours, 47 minutes ago
comment by Alexis The King Sanchez (U10026)
posted 10 minutes ago
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
----------------------------------------------------------------------
If there is a restriction on the number of "foreign" star players that a club could have on its roster, then logic might say that the access(money) to this talent pool would be reduced and local talent would have to fill the gap?
----------------------------------------------------------------------
Yes and the richest clubs in the league would still have a monopoly on that talent.
It doesn’t level the playing field domestically. Would have an impact around Europe, however.
Sign in if you want to comment
Brexit and British football clubs
Page 7 of 15
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posted on 14/11/18
comment by moreinjuredthanowen (U9641)
posted 4 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Read my comment above. I think we sort of assume the EU will remain as is and everything will change around it. The EU and EZ is in as much if not more flux than UK. The Eurozone has to literally become a country to survive. At the moment Euro transactions are cleared through a country that is not in the Eurzone. Do you think that was ever feasible? Even if we remained in the EU?
posted on 14/11/18
comment by moreinjuredthanowen (U9641)
posted 1 minute ago
comment by Alexis The King Sanchez (U10026)
posted 18 minutes ago
comment by IvanGolacIsMagic (U5291)
posted 4 minutes ago
Gents
For those who think that the rules are already quite stringent, you should see some of the dross that we've got up in Scotland who have qualified under 'exceptional talent'. The rules are already far from stringent.
It'll create a lot of bureaucracy but ultimately I'd be surprised if it had much material impact on your clubs, particularly in the higher divisions. You'll still sign the same players, you'll just need additional admin support for all the additional paperwork.
----------------------------------------------------------------------
It will if the FA get their way and tighten foreign quotas. Their proposal is in exchange for an FA endorsement for work permits. This may not effect too many of the top clubs but it could have an impact on the rest of the premier league who may then vote for such quota rules.
As I mentioned earlier, I think this is something the FA will continue to push regardless of Brexit.
They are targeting winning the world cup in the next decade. They won’t achieve this goal with the current attitude towards homegrown players from most premier league clubs.
----------------------------------------------------------------------
they won't achieve this PERIOD.
the reality is france won world cup with a large proportion of its squad playing outsdie france.
lloris
pavard
Umtiti
varane
hernandez
Matuidi
pogba
kante
greizmann
giroud
ONLY mbappe playing in france. the same excerise can be applied to the bench.
National teams with leagues who IMPORT players are not going so well in general. spain has done ok but the time has passed now, italy fell away, germany has too.
It seems to me the only way to progress is to have a bigger pool of players across europe playing and cherry pick what you need.
Right now only one england player plays abroad (no not Rooney)
----------------------------------------------------------------------
Germany, Spain and Italy won the world cup largely with players playing in their league and at the same clubs.
Having a bigger pool of players is obviously key. I think playing all around Europe doesn’t make a massive difference providing the quality, set up and familiarity is there - as most of these world cup winners have shown.
The lack of opporutinies for English players playing in the top leagues is rightly a massive concern for the FA. Chances are we won’t win the world cup in the next decade. But that’s beside the point, that’s fan opinion not an FA directive to push towards this goal. Which is why we won’t see the last of this pressure from the FA.
posted on 14/11/18
comment by moreinjuredthanowen (U9641)
posted 3 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Slowly but surely UK businesses are being shut out of European contracts.
Unbelievably in one of the 100 UKG’s preparedness notices, in a no deal scenario the UKG actually recommended UK businesses may need to move abroad to fulfil future contracts.
The link I posted earlier highlighted the vast array of multinational companies that had already implemented contingency plans and moved all or some operations back inside the SM.
But whilst HMRC and the public purse may suffer, it’s the SME’s that stand to lose the most.
Interconnected (just in time) supply chains within the manufacturing and logistics sector for example do not all have the resources to simply up sticks, or source a replacement supplier(s) on their doorstep.
I find the situation utterly bizarre tbh. In that the UKG are spending years, and tens of billions of tax payers money, to secure an inferior position than we have now.
posted on 14/11/18
comment by Jenius99 (U4918)
posted 47 minutes ago
comment by moreinjuredthanowen (U9641)
posted 4 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Read my comment above. I think we sort of assume the EU will remain as is and everything will change around it. The EU and EZ is in as much if not more flux than UK. The Eurozone has to literally become a country to survive. At the moment Euro transactions are cleared through a country that is not in the Eurzone. Do you think that was ever feasible? Even if we remained in the EU?
----------------------------------------------------------------------
a) the euro zone doesn't have to do anything to survive. Its survived how long now despite making the fatal error of letting the Italians in from day 1?
b) feasibility has nothing to do with clearance for the euro. politics has. With the UK saying we are off the EU have decided that now it moves. I think truthfully most of eu is a horse trading exercise.
c) what we cannot deny is this about the EU, they hang together or they hang separately. Its a giant ponderous behemoth with 100s of millions more people in it that the USA. If it broke up then germany loses its export market on its door step. the benefits of the EU far outweigh the aggravation of giving every small ocuntry a show as having a say. The EU will be what it will be. The UK won't be in it. so this 60 odd million people need to trade with it and globally.
d) the reality is that if bisto gravy makers are not today sourcing raw materials in uk but are importing and having to stockpile it just shows you how interdependent its all become over the time its been in existence.
posted on 14/11/18
comment by What would Stuart Pearce do? (U3126)
posted 37 minutes ago
comment by moreinjuredthanowen (U9641)
posted 3 minutes ago
comment by What would Stuart Pearce do? (U3126)
posted 15 minutes ago
J99
You're right (deficit) but our financial services exports far outweigh our trade deficit with the EU giving UKplc an over surplus with the EU (and the US – which Donald is keen to address).
http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf
As one may expect there is no duty (customs) on financial services, yet the UKG is pursuing a strategy that largely ignores our largest export sector.
So why leave the CU and by default the Common Commercial Policy for a relatively small part of our economy. Which has grown exponentially thanks to the CCP.
----------------------------------------------------------------------
You've nailed it there.
Brexit does nothing but hurt financial and service sectors as in effect it moves them all outside the EU.
There has been quite a steady trickle of European offices opening and jobs quietly vanishing here and turning up in various European cities.
I would presume this deal won't stop it.
----------------------------------------------------------------------
Slowly but surely UK businesses are being shut out of European contracts.
Unbelievably in one of the 100 UKG’s preparedness notices, in a no deal scenario the UKG actually recommended UK businesses may need to move abroad to fulfil future contracts.
The link I posted earlier highlighted the vast array of multinational companies that had already implemented contingency plans and moved all or some operations back inside the SM.
But whilst HMRC and the public purse may suffer, it’s the SME’s that stand to lose the most.
Interconnected (just in time) supply chains within the manufacturing and logistics sector for example do not all have the resources to simply up sticks, or source a replacement supplier(s) on their doorstep.
I find the situation utterly bizarre tbh. In that the UKG are spending years, and tens of billions of tax payers money, to secure an inferior position than we have now.
----------------------------------------------------------------------
I work in logistics and it's a breath of fresh air exporting to the EU. Also it saves me a lot of money, well not me personally, the company but they're my targets. Not to mention the huge amount of time spent on shipping outside of the EU preparing documentation, involving the Chamber of Commerce, paying licensing fees, the last one was £5000 for the year and of course the customs charges. It's going to affect us in a bad way.
My wife works for Citi Bank, I believe the biggest bank in the world? She told me that they already started moving the London base to Dublin. Hoping Belfast doesn't come next.
posted on 14/11/18
a) the euro zone doesn't have to do anything to survive. Its survived how long now despite making the fatal error of letting the Italians in from day 1?
----------------------------------
But thats just it. Whether it was Italy or Greece or Portugal or so many other Eastern European countries that were invited in. Its a constant roller coaster because fundamentally the structure is wrong. Just think for a minute why so many nationalist governments are getting voted in. Its not because the populous is happy despite the economic conditions being better than a few years ago when the Greeks were literally rioting on the streets and calling for revolution! Sticking plaster won't fix the next time there is a crisis. As soon as there is a downturn in the business cycle what happens?
b) feasibility has nothing to do with clearance for the euro. politics has. With the UK saying we are off the EU have decided that now it moves. I think truthfully most of eu is a horse trading exercise.
----------------------------------------------------
You are assuming the plans to move weren't already in the pipeline irrespective of the referendum because things were not OK. I know we all have memories of goldfish but there is a reason why the EU has negative interest rates and such high unemployment rates.
Greece still has 20% unemployment, Spain 15%, Italy 10%, France 9%. Just think abt that for a minute.
d) the reality is that if bisto gravy makers are not today sourcing raw materials in uk but are importing and having to stockpile it just shows you how interdependent its all become over the time its been in existence.
--------------------------------------
I agree. And thats why there has to be a deal.
posted on 14/11/18
Homegrown rule shouldn’t be the sole policy. I understand it’s being highlighted because of brexit though.
Forgetting brexit, in terms of helping English grassroots I think there should be a 5% tax on ticket sales, sponsorship deals and/or transfer fees that goes towards grassroots football.
Should only apply to league one, championship and premier league clubs
posted on 15/11/18
So I should pay an extra 5% tax on my season ticket to support grass roots football?
The money should not come directly from paying fans.
posted on 15/11/18
Comment deleted by Site Moderator
posted on 15/11/18
comment by wearethefamousTHFC (U19211)
posted 5 minutes ago
One of the biggest finance company's in the world just committed to new offices in London .. stop scare mongering .. its all you seem to have
Goldman Sachs plans to almost fully occupy its £1bn under-construction London headquarters, despite starting to move around 500 City bankers to the EU due to Brexit.
The US investment bank intends to fill all but half a floor of the 10 storey “ground scraper” on Farringdon Road when its bankers move in from three older properties nearby next year, it is understood.
London will stay the capital of finance anyone who thinks otherwise is a muppet
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Executives at banks including Morgan Stanley, Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co. have said they will move staff and operations out of Britain to service their EU clients.
It already has. Global banks aren’t waiting around to see what Brexit deal May will strike with her EU counterparts. They have already begun the process of shifting some U.K.-based operations to new or expanded trading hubs inside the EU, and have started recruiting locally for staff. Some non-British traders have returned home; others, tired of wondering whether their jobs will be moved or cut, are volunteering to transfer to their native EU countries should their employers need to relocate staff. European regulators are pushing financial firms to establish full-scale, standalone operations inside the trading bloc staffed by significant numbers of both front- and back-office people as well as senior employees by the time the U.K. leaves in March 2019.
Most of them will be going to Frankfurt. Goldman Sachs Group Inc., Bank of America Corp. and Standard Chartered Plc have picked the German financial hub for their new EU trading headquarters. Barclays has opted for Dublin, Ireland’s capital, while HSBC Holdings Plc is heading to Paris and Citi moving staff from London to Dublin, Frankfurt, Paris and Madrid.
posted on 15/11/18
It's not scaremongering, it's already happening or in some cases has already happened. You can continue to bury your head in the sand all you like.
posted on 15/11/18
comment by wearethefamousTHFC (U19211)
posted 20 minutes ago
One of the biggest finance company's in the world just committed to new offices in London .. stop scare mongering .. its all you seem to have
Goldman Sachs plans to almost fully occupy its £1bn under-construction London headquarters, despite starting to move around 500 City bankers to the EU due to Brexit.
The US investment bank intends to fill all but half a floor of the 10 storey “ground scraper” on Farringdon Road when its bankers move in from three older properties nearby next year, it is understood.
London will stay the capital of finance anyone who thinks otherwise is a muppet
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With respect, you've continually misunderstood the consequences of leaving the EU.
Thousands of jobs in financial services have already moved to Dublin, Frankfurt, Paris, Lisbon, etc etc to minimise the risk of losing financial passporting.
Whilst the FCA has begun to implement an interim permissions scheme (so UK based FS can continue to export into the EU) the EBA, in association with the Commission are drafting a directive which will prevent FS from simply setting up an office in Frankfurt if their core business is in the UK.
Don't take my word for it, read the UK government's own research briefings. Like that's ever going to happen
posted on 15/11/18
posted on 15/11/18
comment by Bake 'em away toys (U7303)
posted 5 hours, 41 minutes ago
So I should pay an extra 5% tax on my season ticket to support grass roots football?
The money should not come directly from paying fans.
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Directly or In Directly you will be paying. If its on transfers or sponsorship they'll increase ticket prices to pay for those extra transfer spending.
The people who pay for the sponsors will increase their prices
posted on 15/11/18
Comment deleted by Site Moderator
posted on 15/11/18
comment by wearethefamousTHFC (U19211)
posted 12 minutes ago
ohh lets all be reactionary .. ffs grow up , so some companys are moving, they will soon move back when Europe goes tiiiiits up
Plus all these rich bankers and fraudsters can fk off anywaythey are still thieving off us all
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An informative response as usual.
posted on 15/11/18
I take it weare voted leave then.
posted on 15/11/18
Weare
Not that you'll read it (I know you are fact averse) some stats on financial services as per June 2018:
https://www.ey.com/uk/en/newsroom/news-releases/18-06-25-ey-financial-services-brexit-tracker---firms-forge-ahead-with-contingency-plans-despite-transition-agreement
posted on 15/11/18
comment by wearethefamousTHFC (U19211)
posted 1 hour ago
ohh lets all be reactionary .. ffs grow up , so some companys are moving, they will soon move back when Europe goes tiiiiits up
Plus all these rich bankers and fraudsters can fk off anywaythey are still thieving off us all
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Head in the sand, la la la. You're wrong, I'm right, la la la.
Biggest source of income? Well they can feck off too.
As long as we have our country back.
posted on 15/11/18
Regarding current club status, usually these new conditions are not retroactive. Thus, no immediate impact?
If the ultimate result is the impetus to develop new home-grown world class stars then it will be worth the effort. The playing field could be leveled so that "deep pockets" could not merely buy success.
posted on 15/11/18
Regarding current club status, usually these new conditions are not retroactive. Thus, no immediate impact?
If the ultimate result is the impetus to develop new home-grown world class stars then it will be worth the effort. The playing field could be leveled so that "deep pockets" could not merely buy success.
posted on 15/11/18
Not there would be a time period for clubs to meet the conditions.
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
posted on 15/11/18
comment by Alexis The King Sanchez (U10026)
posted 10 minutes ago
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
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If there is a restriction on the number of "foreign" star players that a club could have on its roster, then logic might say that the access(money) to this talent pool would be reduced and local talent would have to fill the gap?
posted on 15/11/18
im sick and tired of brexit, brexit this, brexit that, brexit brexit brexit brexit.
why can things not be about brexit all the time. brexit used to be about democracy and freedom, but now it is about football?!
one day I will be hearing something ridiclous like we will settle the Eu negotiation with a big football match, between the eu and england. I bet even then remainers would be begging for us to lose.
BREXIT
posted on 15/11/18
comment by Globaled (U7198)
posted 2 hours, 47 minutes ago
comment by Alexis The King Sanchez (U10026)
posted 10 minutes ago
Though I’m not sure how it levels the playing field. The richest clubs will still be the richest clubs.
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If there is a restriction on the number of "foreign" star players that a club could have on its roster, then logic might say that the access(money) to this talent pool would be reduced and local talent would have to fill the gap?
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Yes and the richest clubs in the league would still have a monopoly on that talent.
It doesn’t level the playing field domestically. Would have an impact around Europe, however.
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