catsmate
No longer the 1
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CapelDodger
Penultimate Amazing
Just yesterday, actually. A 28-day delay in redemptions has been introduced. There is, no doubt, small print to cover such eventualities.
There's a natural cascade effect, of course, as investors rush to get their money out while they're sure they still can.
Hlafordlaes
Disorder of Kilopi
That should include refraining from predicting business-as-usual or Farangical Freedom Booms (oh, my!) unless supporting logic, grounded in known rules typically used by business, or known measures typically taken by public institutions, such as central banks, is provided, I'd hope we agree.
Red herring, as of course I have done none of the above. But I'm glad that you agree that just plucking figures out of the air, unsupported, isn't a great way to conduct a meaningful conversation.
Please feel free to ask for verification of any figures I have given. I mean, if I had said that UK GDP would be X% bigger or smaller than currently, you might justifiably ask me where I got the figure. Ditto if I had said that the City of London were to expand or contract by Y%. OK?
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Ambrosia
Good of the Fods
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You forgot some other questions.
What other financial markets will open up for business to offset some of the move to Paris or Frankfurt post Brexit?
If Brexit negotiations allow banks to continue passporting into EU markets how much will that ameliorate the rush to move?
If Scotland splits from the UK how many banks might move there, rather than continental Europe?
Is it healthier, for the long term prospects of the UK, to have less reliance on the financial sector for the total GDP?
You seem to be fixated on the worst case outcomes.
angrysoba
Philosophile
Yes, I am in the process of registering my son as a foreign birth so that he will have Irish citizenship. May as well do it sooner rather than later.
AFAIK, none. For decades London has been "open" which is why it's the premier market in the world. Any restrictions on the US and Far East markets are unlikely to be lifted - unless you know differently.
If my aunt had balls, how would that ameliorate the death of my uncle ? It is possible that the UK could be no worse off (big whoop
) but given that the major movers and shakers have suggested that this is not the case then it's unlikely.I'm not entirely sure how that would help a post-Brexit (and it seems a post Scottish Independence) whatever-the-UK-is-called.
It's not like we haven't been trying to diversify away from financial services, with limited success but I'm sure that the economy is helped more by a growth in the non-financial-services sector rather than a contraction in the financial services sector.
It seems more like "listening to the subject matter experts" rather than relying on the hopes and wishes of the Brexit enthusiasts.
Damn, my paternal grandparents gave up their Italian citizenship as infants to become U.S. citizens
https://en.wikipedia.org/wiki/Italian_nationality_law
Guybrush Threepwood
Trainee Pirate
What did the plans published by the Brexit campaign say? Did they give estimated figures for the above? I presume so, since that's what leave voters will have based their informed decisions on.
Why would Labour, Conservative and UKIP MPs all agree on something like this when it is a matter of policy judgement? How could you expect an independent campaigning organisation such as Vote Leave to attempt to bind third parties? Could you point to such a precedent?
Perhaps Remainers might like to give us the date of the Emergency Budget, which far from being the claim of an independent campaign group was the promise/ threat made by the one person in the whole world who could deliver it.
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angrysoba
Philosophile
No, but that only underscores the recklessness of voting Leave.
Plans? Estimated figures? There was that ridiculously false £350m a week figure bandied around but I can't recall any concrete plans or figures if Brexit happened published by either side.
And yet.......
Guybrush Threepwood
Trainee Pirate
Who's talking about binding anyone? I don't think a report detailing potential impacts of a Brexit to the economy, and where the leave campaign saw the best possibilities to mitigate any losses would have been too much to ask.
This may have been linked before, but here's a free market think tank analysis, why couldn't the leave campaign have commissioned something like this to answer questions like Ambrosia's?
If you don't have time to read the report it suggests that a UK outside the EU could have higher GDP than inside it, once they dump all that troublesome environmental and worker protection legislation.
ETA I actually meant to link the second version of the Open Europe report. I was going to change the link, but since MikeG already quoted it I'll just put the other link here
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Quelle surprise
It's been a while since a Conservative government was extolling Victorian values, seems like we'll be working our way back to Victorian industrial conditions.
Just as you wouldn't expect Remain to agree on a programme for the future, or to posit hypotheticals, why would you expect Leave to do that? Can you imagine Cameron agreeing a document on Britain's propsects with Corbyn? Sauce of the goose, and all that.
Quelle surprise
It's been a while since a Conservative government was extolling Victorian values, seems like we'll be working our way back to Victorian industrial conditions.
No, that was a think tank report, The Don, not a Conservative Party policy document.
angrysoba
Philosophile
And yet what?
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