That seems to keep coming up, but other sites say yes they are moving some but it's small in relation to the size of UK financial sector. https://www.cnbc.com/2019/01/07/bre...-sector-moves-1-trillion-in-assets-to-eu.html
Three points banks moving assets overseas for an advantage?...who ever thought of that and when did that start happening???? It's interesting as with many of these articles, the very same companies still retain their hq in the U.K. This particular article is by the head of the european central bank where he doesn't mention a single one of the companies
I know and that's one of the sad things. Farms are built up over generations, my wife's family farm has been in their family for c.200 years, but there is much that is wrong with this world when a farmer can't even sell his produce for enough to cover the cost of producing it. Not just one farmer, who might be inefficient, but a whole nation of farmers, to the degree the State has to subsidise them to produce, or where there's a glut of something, pay them not to produce. It's cracked. I'm not saying abandon rural communities, I live in one, but something's gone awry. Perhaps one cause of it is @Loz anathema - globalisation?
JB, why didn't you post this link from todays rueters “If tariffs are in the range of zero and 5 percent, the business case would not dramatically change,” said BMW production chief Oliver Zipse said, referring to the group’s production network and exports of Mini vehicles from Oxford in England to the European Union. https://uk.reuters.com/article/us-b...an-to-cut-costs-by-12-bln-euros-idUKKCN1R10UU
BMW continues to expect an orderly Brexit and said operational disruptions from a disorderly Brexit would be likely to normalise after four to six weeks.
Indeed. Small businesses, including farms, are crushed by large corporations whose goal is to eliminate competition. Globalisation, amongst other things, is the instinct to increase efficiency by coordinating and controlling the means of production This is why Corporatism walks hand-in-hand with globalism, they enable each other. The end result - effectively, a monopoly - is pursued and how you get there is not examined too closely. Capitalism suffers somewhat from this disease as well - the obsession with increasing efficiency and reducing cost and maximising profit without any regard for the side-effects suffered by communities and society as a whole. It very often morphs into crony capitalism/corporatism. Capitalism, in my view , is a lot like democracy. It is the least worst option out of all the alternatives. Capitalism (when it hasn't been corrupted into crony capitalism) at least has the benefit that any sufficiently motivated and talented individual can take part in it, build a business and create prosperity. Compare this to globalism and corporatism, which seeks to shut down competition through the dual-tactics of favouritism-through-legislation and the creation of cartels. Think of capitalism as a methodology that is prone to corruption, and globalism/corporatism which is corruption-incarnate. Humans are bad at seeing the wood for the trees. They seek wealth and power, obsessively, until there is nothing left to live for because they have destroyed everything in our society that was worthwhile.
It's a real pity that the Monty Python team aren't around to do this... I can see a great sketch with knights, a French castle .... and hopefully a vicious rabbit.
Globalisation, amongst other things, is the instinct to increase efficiency by coordinating and controlling the means of production This is why Corporatism walks hand-in-hand with globalism, they enable each other. The end result - effectively, a monopoly - is pursued and how you get there is not examined too closely. Capitalism suffers somewhat from this disease as well - the obsession with increasing efficiency and reducing cost and maximising profit without any regard for the side-effects suffered by communities and society as a whole. It very often morphs into crony capitalism/corporatism. . i have asked the boffins several times how being out the EU stops this. still waiting.
Prime Minister Theresa May has written to the European Union to ask for a three month delay to Brexit. The UK is due to leave the EU next Friday, on 29 March - but Mrs May wants that to be postponed until 30 June. She says in a letter to European Council President Donald Tusk she needs more time to get her withdrawal deal passed and ratified by Parliament. The EU says it may not grant an extension beyond 23 May. Any delay must be agreed by all 27 member states. In a document seen by the BBC, the European Commission says: "Any extension offered to the United Kingdom should either last until 23 May 2019 or should be significantly longer and require European elections. "This is the only way of protecting the functioning of the EU institutions and their ability to take decisions." French foreign minister Jean-Yves Le Drian told the French Parliament that unless the UK was able to give "sufficient guarantees" it had a credible strategy, it "would lead to the extension request being dismissed" and the EU "opting for a no-deal exit". Tick tock.....
EU positioning A50 retraction as "nuclear" option. They won't support a delay. Tusk update at 1700 ....back to square one then.....
Tusk has just said that any extension will be based on if she wins meaningful vote 3 next week and even then, he has political and legal concerns if it could go to the end of June as she wants.
Peter Grant of the SNP looks like he's going to stand accused in court.... just not comfortable in a suit.... Now he says he wants people to say "we made a mistake... we want to stay now". Watching the Brexit talks on the parliament channel.
What Tusk's announcement means for Brexit - Snap analysis Donald Tusk’s ultimatum has dramatically telescoped events. MPs now face a choice between passing Theresa May’s deal next week, and a no-deal Brexit. Tusk did not explicitly rule out a long article 50 extension. But Theresa May’s comments earlier today effectively rule this out while she remains PM and this mean the prospect of the Commons getting the time to use “indicative votes” to find an alternative Brexit solution may have been killed off. Hardline Tory Brexiters will welcome this ultimatum, because they believe a no-deal Brexit is better than Theresa May’s deal and the prospect of Brexit now being delayed until after May now seems very slim. Having the end of next week as a very hard deadline now creates a dilemma for Labour MPs. They are strongly opposed to May’s deal but, unlike some Tory Brexiters in the European Research Group, they are alarmed at what a no-deal Brexit might mean for their constituents. Given that at least 20 ERG Tories are certain to carry on voting against May’s deal (and it could be many more), May will only pass her deal with Labour help. The DUP will be in a quandary too. Nothing said by May or Tusk today suggests they are going to get much new in the form of backstop concessions. Like the ERG, they are philosophically comfortable with a no-deal Brexit. But the economy in Northern Ireland would suffer disproportionately in the event of a no-deal Brexit, and the DUP may be more nervous than the ERG about taking responsibility for a scenario that could put some of their constituents out of business.
