"I always keep an eye on the anti-Brexit press, in case there are anti-Brexit stories emerging that shed a poor light on Brexit. One can never be too informed, you know!"
One day after the vote and a few days before negotiations, who'da thunk it there was a worrying thing in that article though "The scheme will apply to about 5,000 clients... and on the basis of the accounts for 2017 it is estimated that about €190bn of external assets will be transferred." 5,000 clients and 190 billion euros would worry me more On the plus side, at least we appear not to be going down the singapore route like the Irish told us we shouldn't
Type in "barclays moving to Ireland" into the guggle This is just one http://www.cityam.com/266742/barclays-profits-third-quarter-hit-21bn-misconduct-fines some seem to have confused setting up their hq in dublin to avoid issues with, redundancies and closing in the uk. They have been saying this move will come for about a year
Inevitable suspicion (sorry!) is that you just don't have an answer, but no hurry ... I can wait. Am genuinely interested in these "hallmarks" you can see in the report tho. I just see facts.
Heh. Of course there is an answer. It's usually the same answer each time but I'll oblige. In the story, has Barclays moved offices? Or is Barclays about to move offices if ... etc etc. What are the facts here?
Yes I get it, and the Remain Campaign did focus on the possible detrimental effects of Leave back in the past rather than focussing on the benefits of EU Membership .... but when what are obviously "facts" are being presented as "fear" then we have to call it out and hold the person doing it to account rather than let them get away with it. So come on @Loz ... as soon as you are ready ...
No, not too slow as you haven't answered my question. Did you actually read the article? It's not that hard. Only 186 words and nothing that I wouldn't expect you to understand. Really. There is no mention of Barclays office at all. It is reporting on the fact that it cannot wait any longer to move clients and assets so that they can continue to service them if they lose passporting rights. So come on ... where are the hallmarks of Project Fear? I just see facts.
I must be reading that article wrong. Doesn’t it say they are going to if there is a no deal brexit ?
Again ...there is no reference to Barclays "office" in the piece. I just see facts. What do you see that you think isn't factual but is a "hallmark of project fear" as you put it? Genuine (and simple) question ... "Barclays is preparing to pull the trigger on no-deal Brexit plans to shift assets worth £166bn (€190bn) to its Irish division as it "cannot wait any longer" amid continuing political uncertainty, a High Court judgment has revealed. The plans were drawn up by the bank in case of a no-deal scenario which would see UK financial services firms losing "passporting" rights that allow them to provide services across Europe. Details of the move were revealed in a judgment by Mr Justice Snowden that largely approved the "huge" transfer, which will apply to thousands of clients of the bank. It said: "Due to the continuing uncertainty over whether there might be a no-deal Brexit, the Barclays group has determined that it cannot wait any longer to implement the scheme." The judge added: "On any view, the scale of the transfer of business... is huge. "The scheme will apply to about 5,000 clients... and on the basis of the accounts for 2017 it is estimated that about €190bn of external assets will be transferred." The transfer represents a significant portion of Barclays group's total assets of £1.1tn (€1.26tn)."
No mate, not "if" ... "Due to the continuing uncertainty over whether there might be a no-deal Brexit, the Barclays group has determined that it cannot wait any longer to implement the scheme."
If you think the UK won, look at the state of it now. The UK very effectively helped the Germans rebuild (and I don't just mean construction works). So while people in the UK still didn't have flushing toilets; soft bog roll and central heating amongst other things; the Germans just laid there as a beaten tiger; seething but accepting all the food and help; (while borrowing cash from the USA so it could pay reparations to whoever was deemed necessary, including the UK who were in turn spending it on Germany to rebuild) slowly preparing to rise again. Which it will (Oh, it has already). Oh well, never mind.
C'mon @Loz. Its only seven sentences. You must have read it by now. Which of the seven sentences isn't factual but is a "hallmark of project fear" as you put it? "Barclays is preparing to pull the trigger on no-deal Brexit plans to shift assets worth £166bn (€190bn) to its Irish division as it "cannot wait any longer" amid continuing political uncertainty, a High Court judgment has revealed. The plans were drawn up by the bank in case of a no-deal scenario which would see UK financial services firms losing "passporting" rights that allow them to provide services across Europe. Details of the move were revealed in a judgment by Mr Justice Snowden that largely approved the "huge" transfer, which will apply to thousands of clients of the bank. It said: "Due to the continuing uncertainty over whether there might be a no-deal Brexit, the Barclays group has determined that it cannot wait any longer to implement the scheme." The judge added: "On any view, the scale of the transfer of business... is huge. "The scheme will apply to about 5,000 clients... and on the basis of the accounts for 2017 it is estimated that about €190bn of external assets will be transferred." The transfer represents a significant portion of Barclays group's total assets of £1.1tn (€1.26tn)."
