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 grimsby pete |
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There has been far too much name calling on here,
Roll on the football season,
We all want Town to be a success so we all agree on that at least.
My wife always tells me never talk about religion and politics,
AND
She is right as usual.
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| Over 36 years living in Suffolk but always a mariner.
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| barralad |
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What the hell has that got to do with anything, ?
The next thing you will be telling me is the Welsh shag sheep.
Pete. It was my attempt at a bit of ironic humour to try to calm things down. I doubt very much that the village mentioned exists as in I just put some letters down that might look Chinese. The point I was trying to make was that the vast majority of the 1+ billion people that you seem to think we will trade with live in entirely rural areas where any reference to Western consumerism is markedly absent. I have a friend who works in the petro chemical industry as a chemist who was asked to name his salary such is the respect the Chinese have for our expertise in such areas but we are exporting knowledge not goods. As I said I hope you are right but it is a hope rather than being a sure thing. Let's face it neither of us are spring chickens who are going to have to live for decades with the repercussions good or bad of these tumultuous times. I have real concerns for my grandchildren and their children. |
| The aim of argument or discussion should not be victory but progress.
Joseph Joubert. |
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| barralad |
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'Remoniac'? Your posts are becoming more and more absurd. We aren't exporting anything in the way of computers, believe me. We don't manufacture any of the processors, memory, storage or other hardware used in computers (mostly manufactured in the far east these days), so to imagine we export large quantities of computers is preposterous! There's a good reason why most of the major PC (and smartphone) manufacturers get all their stuff built in China/Taiwan/South Korea/Japan. It's the region where most of the hardware in them is manufactured. Oh, not to forget the monitors which are all produced in these countries as well. Still, what do those crazy South Koreans know, eh? After all, I seem to think that around 70% of their population are educated to degree level. As for the rest of the list, gems? Not sourced here, that's for sure. Oil? Production declining massively and the oil industry actually cost us money last year from tax rebates: https://www.theguardian.com/bu.....axpayer-396m-in-2016Just wait for more to come as the oil companies claim rebates for their decommissioning costs in the future. The fact is that we do 5 times as much business with Europe as the rest of the world and, even is this ratio changes in a minor way after Brexit, our geographical location means that it isn't going to change much. Brexiteers seem to somehow imagine that we'll suddely find all sorts of new markets for our limited amount of stuff whereas, in actuality, everything will stay pretty much the same but with more difficulty in dealing with our main trading partners in Europe. As for the banks, you do realise that one of the major draws of our banking sector was its access to the EU? It was handy for the American financial sector to base lots of their assets over here with access to the EU. Not going to be the case in a couple of years which is why various European cities are going to eat our lunch when it comes to the financial sector.
Whilst I mostly agree with you my understanding is that the banking sector is pretty safe given that there is nowhere else that can call on the years of expertise and familiarity with processes currently held by London. |
| The aim of argument or discussion should not be victory but progress.
Joseph Joubert. |
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| grimsby pete |
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I too love my grandchildren 2 of them are always here with me at this time of day,
They will be fine and we will make a success of things either with a good trade deal with the EU or not.
We are not going to the dogs mate , keep your chin up.
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| Over 36 years living in Suffolk but always a mariner.
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| mariner91 |
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Well that's put my mind at rest now you've said that. Nothing to worry about.
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| Maringer |
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Whilst I mostly agree with you my understanding is that the banking sector is pretty safe given that there is nowhere else that can call on the years of expertise and familiarity with processes currently held by London.
The biggest issue is to do with bank passporting (no, I'd never heard of it until last year either). The reports seem to indicate we won't be able to keep this if we don't keep single market access which seems all but an impossibility given the current situation: http://www.bbc.co.uk/news/business-36630606Without this passporting, the banks won't be able to work across the EU in the same way they can now so will simply wind down many of their operations here regardless of the bribes, I mean incentives we offer them. Also consider that various European cities will already be offering them 'incentives' to move as it is. I'd guess our only chance to keep this passporting is a Norway-style EEA deal but this would have most of the Brexiteers foaming at the mouth as it would mean we would need to sign up for freedom of movement. One thing is for certain - even without a complete withdrawal, much of the work done in the UK financial sector will be moving abroad to various EU countries. The Irish seem to think they have already secured new business from over a dozen financial companies: https://www.irishtimes.com/bus.....n-ida-says-1.3138874I'd imagine Frankfurt and Paris will be getting much more themselves. For what it's worth, the industry body for the UK financial sector claims 70,000 jobs could go abroad. When you consider that well over 10% of our tax receipts come from the financial sector this could be a big problem. Even if the big banks do stay, what sort of sweetheart terms will we have to offer them to do so? Expect a big drop in tax receipts from the financial sector whatever occurs. |
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| grimsby pete |
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Exile Posts: 55,705
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For what it's worth, the industry body for the UK financial sector claims 70,000 jobs could go abroad. When you consider that well over 10% of our tax receipts come from the financial sector this could be a big problem. Even if the big banks do stay, what sort of sweetheart terms will we have to offer them to do so? Expect a big drop in tax receipts from the financial sector whatever occurs.
Only if the conservatives are in power, We all know Corbyn has got a magic money tree.  |
| Over 36 years living in Suffolk but always a mariner.
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| mariner91 |
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Only if the conservatives are in power, We all know Corbyn has got a magic money tree.
Now you're just talking nonsense. What would Corbyn being in power and having a "magic money tree" have to do with the lower tax receipts from the financial sector? |
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| grimsby pete |
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Exile Posts: 55,705
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Now you're just talking nonsense. What would Corbyn being in power and having a "magic money tree" have to do with the lower tax receipts from the financial sector?
No I am not talking nonsense I am taking the pi ss like I have been doing for weeks, I have got as much chance as the Chinese of building cars here, You remainers are so far up your own bottom I thought I would wind you up, AND It was so easy, BUT Regarding the magic money tree, that is what May said there was not one but Corbyn thinks he has got one, Do keep up  Anyway I have finished taking the pee now so I will leave it to you. |
| Over 36 years living in Suffolk but always a mariner.
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| mariner91 |
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Barley Wine Drinker Posts: 15,512
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No I am not talking nonsense I am taking the pi ss like I have been doing for weeks, I have got as much chance as the Chinese of building cars here, You remainers are so far up your own bottom I thought I would wind you up, AND It was so easy, BUT Regarding the magic money tree, that is what May said there was not one but Corbyn thinks he has got one, Do keep up Anyway I have finished taking the pee now so I will leave it to you.
The classic "I was joking the entire time" argument when it's become apparent you have no idea what you're talking about. |
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