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UK loses almost £1 TRILLION in more "one way traffic"
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userBulletguy
Posted: 11 March 2019 11:10 PM
Subject: UK loses almost £1 TRILLION in more "one way traffic"
 


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Banks, asset managers and insurers have already moved nearly £1 trillion of assets out of the UK to other European countries ahead of Brexit, with more likely to be shifted in coming months.

“This is not Project Fear; this has already happened,” says William Wright, the managing director of New Financial and one of the authors of the report.

Dublin is by far the biggest beneficiary on the moves, with 100 firms relocating to the Irish capital, followed by Luxembourg with 60, Paris with 41, Frankfurt with 40 and Amsterdam with 32. More than 40 firms are moving staff or business to more than one EU financial centre.

“This is phase one,” says Mr Wright. “The European authorities have, up to this point, made things as easy as possible for the companies looking to set up operations in the EU. But over time it is inevitable that they will require financial institutions to staff-up their EU hubs. And that will mean more business, more assets and more jobs moving from the UK.”

https://www.telegraph.co.uk/business/2019/03/11/new-research-lays-bare-900bn-city-brexodus/

https://news.sky.com/video/nearly-1tn-moved-to-eu-ahead-of-brexit-study-11662186

https://www.irishtimes.com/business/financial-services/the-brexodus-dublin-attracting-big-business-from-the-city-of-london-1.3821678

Funny how this all seems to be "one way traffic" with UK haemorrhaging finance, jobs and companies, with absolutely nothing coming the other way. Where is this mass exodus of businesses Brexiters claimed would be flocking to UK? Their silence on this is deafening.
userBarryd999
Posted: 12 March 2019 11:03 AM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


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But but!!! Blue Passports and winning! You lost! Get over it! Who needs financial services anyway (or manufacturing and automotive)?
userantony1969
Posted: 12 March 2019 11:16 AM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


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... https://news.sky.com/story/economy-grows-at-fastest-pace-for-25-months-in-january-11662927 ... Germany the powerhouse of Europe has cut is economic growth forecast for 2019 to 0.8% ... Is Germany leaving the EU
userBarryd999
Posted: 12 March 2019 11:59 AM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


Lord of the posts

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antony1969 - 2019-03-12 11:16 AM

... https://news.sky.com/story/economy-grows-at-fastest-pace-for-25-months-in-january-11662927 ... Germany the powerhouse of Europe has cut is economic growth forecast for 2019 to 0.8% ... Is Germany leaving the EU


No but a lot of our financial services are moving to Frankfurt. If countries like Germany are not doing so well its part of a new global downturn so its nothing to celebrate. Quite the opposite in fact as it means Brexit will hit our economy even harder.
userantony1969
Posted: 12 March 2019 12:15 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


The special one

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But ... But ... But I thought given the impression on ere we were the only one supposedly suffering ... Seems not after all ... Will the "global downturn" hit us harder than asteroids that were meant to hit us the day after the vote ???
userpelmetman
Posted: 12 March 2019 12:22 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


Walks with the gods

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Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........



userBarryd999
Posted: 12 March 2019 12:29 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


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pelmetman - 2019-03-12 12:22 PM

Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........





Of course they have. The pound tanked so that had an effect on everyone's cost of living from the price of petrol to French wine.

Jan to May is usually my busiest time. Its dead as a door nail and nobody is spending. Its not just me that says that either.

After the vote software and hardware shot up in price and I had outstanding quotes which were a lower price to the end user than the new price I could buy at. It was hard to pass on as there was still equipment and software floating around at the old price just not from my suppliers. Everything is 20-25% more expensive than it was before the referendum.

Supermarket prices have also gone up or they have used tricky shrinkflation tactics with either poorer quality ingredients or same box less goods.

userpelmetman
Posted: 12 March 2019 12:33 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


Walks with the gods

Posts: 26055
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Location: 1990 Ford Travelhome.Currently of no fixed abode..


Barryd999 - 2019-03-12 12:29 PM

pelmetman - 2019-03-12 12:22 PM

Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........





Of course they have. The pound tanked so that had an effect on everyone's cost of living from the price of petrol to French wine.

Jan to May is usually my busiest time. Its dead as a door nail and nobody is spending. Its not just me that says that either.

After the vote software and hardware shot up in price and I had outstanding quotes which were a lower price to the end user than the new price I could buy at. It was hard to pass on as there was still equipment and software floating around at the old price just not from my suppliers. Everything is 20-25% more expensive than it was before the referendum.

Supermarket prices have also gone up or they have used tricky shrinkflation tactics with either poorer quality ingredients or same box less goods.



So what was your excuse when the pound euro was at the same exchange rate in 2008,2009,2010,2011,2012, 2013? ...........

BTW prices have gone up in Spain ............

It's now on average 15 euros for a 3 course meal with wine ...........Is that due to Brexit? .......



Edited by pelmetman 2019-03-12 12:36 PM
userBulletguy
Posted: 12 March 2019 1:19 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


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pelmetman - 2019-03-12 12:22 PM

Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........
pelmetman - 2019-03-12 12:33 PM

BTW prices have gone up in Spain ............

It's now on average 15 euros for a 3 course meal with wine ...........Is that due to Brexit? .......

In the space of two posts you contradict yourself saying your "finances haven't suffered since the vote" yet "prices have gone up in Spain".

That doesn't compute!

(incidentally cig prices in Spain have gone down from last year.)
userBarryd999
Posted: 12 March 2019 2:36 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


Lord of the posts

Posts: 5385
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Location: North Yorkshire Dales - Kontiki 640 Hank the Tank


pelmetman - 2019-03-12 12:33 PM

Barryd999 - 2019-03-12 12:29 PM

pelmetman - 2019-03-12 12:22 PM

Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........





Of course they have. The pound tanked so that had an effect on everyone's cost of living from the price of petrol to French wine.

Jan to May is usually my busiest time. Its dead as a door nail and nobody is spending. Its not just me that says that either.

After the vote software and hardware shot up in price and I had outstanding quotes which were a lower price to the end user than the new price I could buy at. It was hard to pass on as there was still equipment and software floating around at the old price just not from my suppliers. Everything is 20-25% more expensive than it was before the referendum.

Supermarket prices have also gone up or they have used tricky shrinkflation tactics with either poorer quality ingredients or same box less goods.



So what was your excuse when the pound euro was at the same exchange rate in 2008,2009,2010,2011,2012, 2013? ...........

BTW prices have gone up in Spain ............

It's now on average 15 euros for a 3 course meal with wine ...........Is that due to Brexit? .......



Its not just to do with the Euro Numbnuts its the Dollar as well which the pound crashed almost overnight to a 35 year low against. You would have to be completely Ga Ga not to have noticed how stuff has cost more since the referendum and in your no deal fantasy experts predict maybe another 20% drop. Pound is tanking already today against the Dollar and the Euro. Those Chlorinated chickens will be going up in price.
userpelmetman
Posted: 12 March 2019 2:47 PM
Subject: RE: UK loses almost £1 TRILLION in more "one way traffic"
 


Walks with the gods

Posts: 26055
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Location: 1990 Ford Travelhome.Currently of no fixed abode..


Barryd999 - 2019-03-12 2:36 PM

pelmetman - 2019-03-12 12:33 PM

Barryd999 - 2019-03-12 12:29 PM

pelmetman - 2019-03-12 12:22 PM

Has anyone on here finances actually suffered since the vote? ...........

Cant say mine have ..........





Of course they have. The pound tanked so that had an effect on everyone's cost of living from the price of petrol to French wine.

Jan to May is usually my busiest time. Its dead as a door nail and nobody is spending. Its not just me that says that either.

After the vote software and hardware shot up in price and I had outstanding quotes which were a lower price to the end user than the new price I could buy at. It was hard to pass on as there was still equipment and software floating around at the old price just not from my suppliers. Everything is 20-25% more expensive than it was before the referendum.

Supermarket prices have also gone up or they have used tricky shrinkflation tactics with either poorer quality ingredients or same box less goods.



So what was your excuse when the pound euro was at the same exchange rate in 2008,2009,2010,2011,2012, 2013? ...........

BTW prices have gone up in Spain ............

It's now on average 15 euros for a 3 course meal with wine ...........Is that due to Brexit? .......



Its not just to do with the Euro Numbnuts its the Dollar as well which the pound crashed almost overnight to a 35 year low against. You would have to be completely Ga Ga not to have noticed how stuff has cost more since the referendum and in your no deal fantasy experts predict maybe another 20% drop. Pound is tanking already today against the Dollar and the Euro. Those Chlorinated chickens will be going up in price.


So why isn't the euro doing any better against the dollar Dumbnuts ? ...........

Perhaps Europe needs a Trump? ........
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