The 'I told you so' EU referendum - Officially the Worst Thread Ever

It's all a load of Cannonballs in here! This is the virtual Arsenal pub where you can chat about anything except football. Be warned though, like any pub, the content may not always be suitable for everyone.

Remain or leave

Remain
30
37%
Leave
51
63%
 
Total votes: 81

Gunner Rob
Posts: 8884
Joined: Tue Dec 17, 2013 3:05 pm

Re: EU referendum - Official Worst Thread Ever

Post by Gunner Rob »

nut flush gooner wrote:
Fri Jul 28, 2017 6:43 am
Brightonnxtround wrote:
Thu Jul 27, 2017 4:26 pm
Herd wrote:
Wed Jul 26, 2017 7:00 am
People are tainted by the brainwashing they receive from the media but some of the arguments on here are purile !
I'm all for Europe and the theory of it ,but had grown tired of the federal Germanic enforced expansionist model that has been swallowing countries and their economies wholesale on behalf of globalist banks .

Unfortunately the Brexit that these Tories will deliver will not be the one we need or want and could mean hardship for us all as a strong Britain outside Europe looking in is considered a threat to the Globalist market ,the IMF and World Bank .

The whole thing is a con and another spin to make us think we live in a democracy which we don't .
All I know fopr certain is that whatever happens the government or the millionaires who feed them will continue to find more and more inventive ways of dipping your pocket and keeping you a slave cos after all greeds the name of the game !
There's a big beer festival that starts soon in Peterborough and I've been going for years and years common people getting drunk and having a fucking good time but now they've got an hospitality suite , less common People who don't won't to mix with the common man who think there better than us and that's how I view rich Eurocrats and world bankers , *word censored* every one .
And that's why this country is fucked tbh. You have formed an opinion on people you know nothing about before even considering the facts, just like you did with the EU
Which is why of course a referendum should never have been called.
Most people in the UK are not capable of making a decision on Brexit (before anyone starts I include myself in that) I know far more about the consequences post referendum than I did pre referendum

nut flush gooner
Posts: 4010
Joined: Thu Sep 13, 2012 10:23 am

Re: EU referendum - Official Worst Thread Ever

Post by nut flush gooner »

Sorry forgot the Oirish where charged for this sort of stuff.

https://www.ft.com/content/a3a92744-3a5 ... a9b15a8ee7

JUNE 26, 2016 by: Martin Arnold and Laura Noonan in London

Banks have already begun to take action to shift operations out of the UK, but most of their staff will have to wait several months to find out how many thousands of them will be asked to move to fledgling financial hotspots like Paris, Dublin and Frankfurt.

Investment banks, who donated heavily to the Remain campaign, have reacted immediately to Britain’s referendum result, with some of London’s largest institutions approaching regulators to secure licences and lining up executives to relocate.

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc.

But lawyers are warning that after Brexit, they would likely need a new legal home base, so they are preparing to shift at least some work to cities such as Dublin, Paris and Frankfurt.

UK banks were also re-evaluating what to do with their businesses that trade EU — as opposed to UK — securities, because many analysts assume that clearing of those products will move to the continent.

HSBC said before the vote that it could move as many as 1,000 trading jobs to Paris in the event of a Leave. But because the bank already has a Paris office, it could defer any decision until right before the UK’s exit comes into effect.

The danger to the UK’s financial services sector was highlighted by François Villeroy de Galhau, France’s central bank governor, who warned that banks would lose “passporting” rights to operate in the EU if Britain leaves the single market.

The UK could try to adopt the path followed by Norway, which is a member of the European Economic Area but not the EU. But that has drawbacks: it requires Britain to implement all of the EU’s rules without having a say in writing them.

And Jonathan Hill, the Briton who resigned at the weekend as EU’s commissioner for financial services, told the Financial Times that he was not sure an arrangement would work. “Most approaches that offer access come with free movement of people and I can’t see that flying given the weight of immigration as an issue in the referendum debate,” he said.

Related article
Will foreign banks leave the UK?
The loss of ‘passporting’ rights could see lenders move their headquarters from London

The US banks, therefore, are already preparing for the contingency that the right to sell financial products and services from Britain to EU clients could be partially or entirely abolished.

“We’ll get on with it,” said a senior executive at one large US bank. “We’ve started to think about how we put people in our existing offices and entities in Europe. We are already rebalancing our footprint.”

“Some stuff will move quickly — we’ll travel at the pace of the slowest link,” said the executive. “Regulatory approvals and permissions can take time — we will look ahead at all the circumstances and ask what do we need to continue to serve our clients.”

Damian Carolan of Allen & Overy said it would typically take banks 2-3 months to put a licence application together. They would then have to wait for about six months for approval for an investment bank or brokerage, or nine months for a retail bank.

User avatar
Herd
Posts: 6386
Joined: Thu Oct 26, 2006 9:00 am

Re: EU referendum - Official Worst Thread Ever

Post by Herd »

DB10GOONER wrote:
Fri Jul 28, 2017 7:00 am
nut flush gooner wrote:
Fri Jul 28, 2017 6:43 am
Brightonnxtround wrote:
Thu Jul 27, 2017 4:26 pm
Herd wrote:
Wed Jul 26, 2017 7:00 am
People are tainted by the brainwashing they receive from the media but some of the arguments on here are purile !
I'm all for Europe and the theory of it ,but had grown tired of the federal Germanic enforced expansionist model that has been swallowing countries and their economies wholesale on behalf of globalist banks .

Unfortunately the Brexit that these Tories will deliver will not be the one we need or want and could mean hardship for us all as a strong Britain outside Europe looking in is considered a threat to the Globalist market ,the IMF and World Bank .

The whole thing is a con and another spin to make us think we live in a democracy which we don't .
All I know fopr certain is that whatever happens the government or the millionaires who feed them will continue to find more and more inventive ways of dipping your pocket and keeping you a slave cos after all greeds the name of the game !
There's a big beer festival that starts soon in Peterborough and I've been going for years and years common people getting drunk and having a fucking good time but now they've got an hospitality suite , less common People who don't won't to mix with the common man who think there better than us and that's how I view rich Eurocrats and world bankers , *word censored* every one .
And that's why this country is fucked tbh. You have formed an opinion on people you know nothing about before even considering the facts, just like you did with the EU referendum.

https://www.ft.com/content/a3a92744-3a5 ... a9b15a8ee7

6 months ago this was referred to as scaremongering. I wonder what it's called now.
Erm... an advert for subscriptions? :D :wink:
As usual Nutflush there is a light on but theres no-one home .
My opinions on the EU have been formed over many many years and I know plenty about the EU Ive lived in it since we joined .
The problem with Brexit is that there is no hard facts ,just opinions.
Until we know how they intend to unravel the package we cant know the consequence ,that's simple enough for even you to understand .
The massive avalanche of negative Brexit propaganda we are subjected to daily just shows you how powerful big business is Ive even seen it linked to cancer treatment that will suffer after Brexit .
Brexit can be and should be a very simple affair ,and relatively painless too but of course our politicians involved with the process are not qualified to deal with it and also have an agenda of their own .
If you think for a nano second that our negotiators are going into discussions to get the best seal for Europe then you are very sadly mistaken.
They will do a deal that protects the vested interest of the CITY of London and those interests aren't yours and mine .
I said at the very beginning that their would either be no brexit or there will be one that makes little difference to being in Europe and i maintain that .
The Tories are stalling as much as possible as they simply don't know how to handle the task !

User avatar
Herd
Posts: 6386
Joined: Thu Oct 26, 2006 9:00 am

Re: EU referendum - Official Worst Thread Ever

Post by Herd »

nut flush gooner wrote:
Fri Jul 28, 2017 8:08 am
Sorry forgot the Oirish where charged for this sort of stuff.

https://www.ft.com/content/a3a92744-3a5 ... a9b15a8ee7

JUNE 26, 2016 by: Martin Arnold and Laura Noonan in London

Banks have already begun to take action to shift operations out of the UK, but most of their staff will have to wait several months to find out how many thousands of them will be asked to move to fledgling financial hotspots like Paris, Dublin and Frankfurt.

Investment banks, who donated heavily to the Remain campaign, have reacted immediately to Britain’s referendum result, with some of London’s largest institutions approaching regulators to secure licences and lining up executives to relocate.

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc.

But lawyers are warning that after Brexit, they would likely need a new legal home base, so they are preparing to shift at least some work to cities such as Dublin, Paris and Frankfurt.

UK banks were also re-evaluating what to do with their businesses that trade EU — as opposed to UK — securities, because many analysts assume that clearing of those products will move to the continent.

HSBC said before the vote that it could move as many as 1,000 trading jobs to Paris in the event of a Leave. But because the bank already has a Paris office, it could defer any decision until right before the UK’s exit comes into effect.

The danger to the UK’s financial services sector was highlighted by François Villeroy de Galhau, France’s central bank governor, who warned that banks would lose “passporting” rights to operate in the EU if Britain leaves the single market.

The UK could try to adopt the path followed by Norway, which is a member of the European Economic Area but not the EU. But that has drawbacks: it requires Britain to implement all of the EU’s rules without having a say in writing them.

And Jonathan Hill, the Briton who resigned at the weekend as EU’s commissioner for financial services, told the Financial Times that he was not sure an arrangement would work. “Most approaches that offer access come with free movement of people and I can’t see that flying given the weight of immigration as an issue in the referendum debate,” he said.

Related article
Will foreign banks leave the UK?
The loss of ‘passporting’ rights could see lenders move their headquarters from London

The US banks, therefore, are already preparing for the contingency that the right to sell financial products and services from Britain to EU clients could be partially or entirely abolished.

“We’ll get on with it,” said a senior executive at one large US bank. “We’ve started to think about how we put people in our existing offices and entities in Europe. We are already rebalancing our footprint.”

“Some stuff will move quickly — we’ll travel at the pace of the slowest link,” said the executive. “Regulatory approvals and permissions can take time — we will look ahead at all the circumstances and ask what do we need to continue to serve our clients.”

Damian Carolan of Allen & Overy said it would typically take banks 2-3 months to put a licence application together. They would then have to wait for about six months for approval for an investment bank or brokerage, or nine months for a retail bank.
They've been saying this crap since b4 brexit Nut FLush ,ALL major banks already have offices globally so they can move in an instant ,its yet another scare story that you swallow hook line and sinker.
Thousands already moved when Gordon Brown stopped the offshore trading base and went to geneva and singapore but many moved back after normal service was resumed and loopholes established with government approval. The banks simply went round the laws .
Cut n paste propaganda isnt being "informed "Nut Flush ,the Ft is ONLY read by idiots who want to impress people on the 7.20 train from Orpington to Cannon Street ,it lost its market cred when screens came in !

nut flush gooner
Posts: 4010
Joined: Thu Sep 13, 2012 10:23 am

Re: EU referendum - Official Worst Thread Ever

Post by nut flush gooner »

Herd wrote:
Fri Jul 28, 2017 8:43 am
nut flush gooner wrote:
Fri Jul 28, 2017 8:08 am
Sorry forgot the Oirish where charged for this sort of stuff.

https://www.ft.com/content/a3a92744-3a5 ... a9b15a8ee7

JUNE 26, 2016 by: Martin Arnold and Laura Noonan in London

Banks have already begun to take action to shift operations out of the UK, but most of their staff will have to wait several months to find out how many thousands of them will be asked to move to fledgling financial hotspots like Paris, Dublin and Frankfurt.

Investment banks, who donated heavily to the Remain campaign, have reacted immediately to Britain’s referendum result, with some of London’s largest institutions approaching regulators to secure licences and lining up executives to relocate.

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc.

But lawyers are warning that after Brexit, they would likely need a new legal home base, so they are preparing to shift at least some work to cities such as Dublin, Paris and Frankfurt.

UK banks were also re-evaluating what to do with their businesses that trade EU — as opposed to UK — securities, because many analysts assume that clearing of those products will move to the continent.

HSBC said before the vote that it could move as many as 1,000 trading jobs to Paris in the event of a Leave. But because the bank already has a Paris office, it could defer any decision until right before the UK’s exit comes into effect.

The danger to the UK’s financial services sector was highlighted by François Villeroy de Galhau, France’s central bank governor, who warned that banks would lose “passporting” rights to operate in the EU if Britain leaves the single market.

The UK could try to adopt the path followed by Norway, which is a member of the European Economic Area but not the EU. But that has drawbacks: it requires Britain to implement all of the EU’s rules without having a say in writing them.

And Jonathan Hill, the Briton who resigned at the weekend as EU’s commissioner for financial services, told the Financial Times that he was not sure an arrangement would work. “Most approaches that offer access come with free movement of people and I can’t see that flying given the weight of immigration as an issue in the referendum debate,” he said.

Related article
Will foreign banks leave the UK?
The loss of ‘passporting’ rights could see lenders move their headquarters from London

The US banks, therefore, are already preparing for the contingency that the right to sell financial products and services from Britain to EU clients could be partially or entirely abolished.

“We’ll get on with it,” said a senior executive at one large US bank. “We’ve started to think about how we put people in our existing offices and entities in Europe. We are already rebalancing our footprint.”

“Some stuff will move quickly — we’ll travel at the pace of the slowest link,” said the executive. “Regulatory approvals and permissions can take time — we will look ahead at all the circumstances and ask what do we need to continue to serve our clients.”

Damian Carolan of Allen & Overy said it would typically take banks 2-3 months to put a licence application together. They would then have to wait for about six months for approval for an investment bank or brokerage, or nine months for a retail bank.
They've been saying this crap since b4 brexit Nut FLush ,ALL major banks already have offices globally so they can move in an instant ,its yet another scare story that you swallow hook line and sinker.
Thousands already moved when Gordon Brown stopped the offshore trading base and went to geneva and singapore but many moved back after normal service was resumed and loopholes established with government approval. The banks simply went round the laws .
Cut n paste propaganda isnt being "informed "Nut Flush ,the Ft is ONLY read by idiots who want to impress people on the 7.20 train from Orpington to Cannon Street ,it lost its market cred when screens came in !
It's not a scare story, bankers leaving the city equals less tax for our essential services. It's like the blind leading the blind it really is with this thread at times.

User avatar
Herd
Posts: 6386
Joined: Thu Oct 26, 2006 9:00 am

Re: EU referendum - Official Worst Thread Ever

Post by Herd »

OK for a change il try and light a match to guide you into the light Mr Flush .
Firstly Banks don't pay very much in UK taxes if at all, that's not me its a matter of record.
They pay almost fuck all towards essential services !
They shift profits into low and no tax base countries depriving HMRC of billions every year, go look it up it's a matter of record .
It's one of the big issues in this country and one of the reasons why the country is up shit creek .
This can and will continue after Brexit so there is NO reason to leave .

Secondly the Banks wont move to Germany or France because Germany and France have better Tax laws and strong corporate governance laws as opposed the the VERY Lax attitude of the UK regulatory boards and the generosity of HMRC .
They don't want to pay Tax nor do their executives so they wont move them from the UK to places with Higher income tax laws .
Secondly the employment laws of Germany and France make it very difficult to hire and fire people ,unlike the UK and similarly they will hammer them if they then re-locate again.

So yes it IS a scare story ,Mr Flush designed so that the masses will swallow it whole and regurgitate it ,and hey presto you have !

User avatar
Brightonnxtround
Posts: 535
Joined: Tue May 10, 2016 6:10 pm

Re: EU referendum - Official Worst Thread Ever

Post by Brightonnxtround »

My daughter doesn't pay tax in this country nor do thousands upon thousands of EU citizens who now live and work here , they don't earn enough.........
They work for big corporations , amazon , IKEA , or farmers who pay them fuck all for getting up at 4 am and picking our Brussels, and guess who the farmers are subsidised by yes the EU . Ever had the feeling we're being conned........

nut flush gooner
Posts: 4010
Joined: Thu Sep 13, 2012 10:23 am

Re: EU referendum - Official Worst Thread Ever

Post by nut flush gooner »

Herd wrote:
Fri Jul 28, 2017 12:01 pm
OK for a change il try and light a match to guide you into the light Mr Flush .
Firstly Banks don't pay very much in UK taxes if at all, that's not me its a matter of record.
They pay almost fuck all towards essential services !
They shift profits into low and no tax base countries depriving HMRC of billions every year, go look it up it's a matter of record .
It's one of the big issues in this country and one of the reasons why the country is up shit creek .
This can and will continue after Brexit so there is NO reason to leave .

Secondly the Banks wont move to Germany or France because Germany and France have better Tax laws and strong corporate governance laws as opposed the the VERY Lax attitude of the UK regulatory boards and the generosity of HMRC .
They don't want to pay Tax nor do their executives so they wont move them from the UK to places with Higher income tax laws .
Secondly the employment laws of Germany and France make it very difficult to hire and fire people ,unlike the UK and similarly they will hammer them if they then re-locate again.

So yes it IS a scare story ,Mr Flush designed so that the masses will swallow it whole and regurgitate it ,and hey presto you have !
Yet again, another misinformed comment Herd. This is a fact - before the financial crisis, the square mile which is largely made up of investment banking contributed enough tax to pay for the education budget. I am sure if someone analysed the figures today, it would still be a serious contribution to the exchequer's coffers.

I get accused of patronising people when I try to explain factual information but are you honestly surprised when most of the people who predicate this thread haven't got a clue. And on top of that people like you Herd who frequently post conspiracy theories and inaccuracies, say I haven't got a clue.

You couldn't make it up!

User avatar
Herd
Posts: 6386
Joined: Thu Oct 26, 2006 9:00 am

Re: EU referendum - Official Worst Thread Ever

Post by Herd »


Yet again, another misinformed comment Herd. This is a fact - before the financial crisis, the square mile which is largely made up of investment banking contributed enough tax to pay for the education budget. I am sure if someone analysed the figures today, it would still be a serious contribution to the exchequer's coffers.

I get accused of patronising people when I try to explain factual information but are you honestly surprised when most of the people who predicate this thread haven't got a clue. And on top of that people like you Herd who frequently post conspiracy theories and inaccuracies, say I haven't got a clue.

You couldn't make it up!
no flush they do make it up and you believe them ,once again you move the goalpost's when your undone.
I wasn't referring to the entire financial services industry but to the banks you mentioned in your cut and paste bullshit ,those banks don't pay very much corporation tax at all. I could cut and paste all sorts of crap like you do to try and back me up but surely you can look that up yourself .

But now you have mentioned it every year those clever people in the FS industry plant stories in all the right papers telling you that they contribute 50/70 billion in taxes for morons like you to digest and regurgitate without ever checking the reality.
Unfortunately , as usual this is more smoke and mirrors from big business .
When u break down the figures beyond the headline ,you will find that the majority of the tax the industry pays the is national insurance tax for employees and the income tax paid by the employees themselves .
Since 2011 the banks have also had to pay the much hated bank levy which imposes a tax on borrowing .
This was done largely to claw back some money after the banks and an inept government almost drove the UK economy over the cliff in 2008 costing everyone in the country a great deal of money and for which the poor and the middle classes are now paying for .
They even have the nerve to include money paid in VAT in the figures ,as if its something that only they pay.
Smaller companies within FS cant weasel out of corporation tax as easily as the large ones so yes there is some contribution in corporation tax.It amounts to abt 20 percent of those figures .
These are mainly insurance and the tech FSA stuff that are paying Corp TAX NOT the Banks

I also explained why but the FS industry isn't leaving London too but u ignore that cos your way out of your depth.!
The City or Square mile as you mentioned (wow hes so in tune) isn't moving anywhere ,ever !

You make out that you know things abut the way this world works but only one of us I bet has a degree in economics and has worked with this industry for 35 years ..........................................and it isn't you .
You should stick to bet fair and online poker mate .

User avatar
flash gunner
Posts: 29236
Joined: Tue Nov 06, 2007 6:55 am
Location: Armchairsville. FACT.

Re: EU referendum - Official Worst Thread Ever

Post by flash gunner »

Bump 8) would hate to think of this thread being forgotten :lol:


http://news.sky.com/story/post-brexit-t ... t-10993530

User avatar
northbank123
Posts: 12436
Joined: Fri Jun 01, 2012 12:05 am
Location: Newcastle

Re: EU referendum - Official Worst Thread Ever

Post by northbank123 »

flash gunner wrote:
Fri Aug 18, 2017 12:48 pm
Bump 8) would hate to think of this thread being forgotten :lol:


http://news.sky.com/story/post-brexit-t ... t-10993530
I feel that we never got to the bottom of which side are like the AKBs in all this.

User avatar
flash gunner
Posts: 29236
Joined: Tue Nov 06, 2007 6:55 am
Location: Armchairsville. FACT.

Re: EU referendum - Official Worst Thread Ever

Post by flash gunner »

northbank123 wrote:
Mon Aug 21, 2017 11:37 am
flash gunner wrote:
Fri Aug 18, 2017 12:48 pm
Bump 8) would hate to think of this thread being forgotten :lol:


http://news.sky.com/story/post-brexit-t ... t-10993530
I feel that we never got to the bottom of which side are like the AKBs in all this.
agree and this is maybe the most important point 8)

User avatar
DB10GOONER
Posts: 58944
Joined: Tue Jan 16, 2007 2:06 pm
Location: Dublin, Ireland.
Contact:

Re: EU referendum - Official Worst Thread Ever

Post by DB10GOONER »

flash gunner wrote:
Fri Aug 18, 2017 12:48 pm
Bump 8) would hate to think of this thread being forgotten :lol:


http://news.sky.com/story/post-brexit-t ... t-10993530
You absolute cúnt. :banghead: :box: :censored:



Oh shit, I just bumped it, didn't I....? :shock:

:D :wink: :wink:

Gunner Rob
Posts: 8884
Joined: Tue Dec 17, 2013 3:05 pm

Re: The 'I told you so' EU referendum - Officially the Worst Thread Ever

Post by Gunner Rob »

Ah I sense a reawakening of this thread :D

I imagine it is only quiet because the leavers are starting to realise that Brexit isnt going to be quite what they thought it would be.

User avatar
DB10GOONER
Posts: 58944
Joined: Tue Jan 16, 2007 2:06 pm
Location: Dublin, Ireland.
Contact:

Re: The 'I told you so' EU referendum - Officially the Worst Thread Ever

Post by DB10GOONER »

Gunner Rob wrote:
Thu Aug 24, 2017 9:35 am
Ah I sense a reawakening of this thread :D

I imagine it is only quiet because the leavers are starting to realise that Brexit isnt going to be quite what they thought it would be.
You just couldn't let it die, could you Rob? It was lying there breathing its last, shot to shit by IS, blood pouring out, guts sprayed across the wall, bullet holes everywhere...

...and then you fucking came flying in on your CSAR chopper with SEAL Team 6 and revived the motherfucker! :banghead: :suicide:

:D :wink:

Post Reply