London post-brexit as a financial center

Discussion in 'Wall St. News' started by TraDaToR, Dec 12, 2018.

  1. Visaria

    Visaria

    Looks more and more likely that the UK will leave with No Deal Brexit. I suspect the EU will come up with a deal in the 11th hour. Up to them.
     
    #281     Jan 17, 2019
  2. JSOP

    JSOP

    See that's the problem with EU, this "small town" club mentality that you have to bind yourself to me or else. There is none of this business relationship where we all have our own separate individuality but we still do business together. Having an agreement is a business decision, has nothing to do with leaving or staying in a club like EU.

    You can't negotiate in good faith to have a mutually beneficial agreement in place? Well then you suffer the consequences of having chaos. And have fun losing the UK market that handed EU more money than taking from it.
     
    #282     Jan 17, 2019
  3. JSOP

    JSOP

    Looks like it. Well we will see how it plays out. It looks like it's going to be "Deal as you go" situation. Britain will leave with no deal but down the road, when needs arises, the two sides might reachto some agreements. So there would be constant non-stop negotiations then like a long drawn-out divorce, constantly going back to court. Hopefully UK would stop paying the club membership fee right away, get its border control and tax-setting ability back. Those were the most important things that UK is leaving EU for.
     
    Last edited: Jan 17, 2019
    #283     Jan 17, 2019
  4. dealmaker

    dealmaker

    Brexit Flight

    As the U.K. careens toward a no-deal Brexit, companies are jumping ship. The most ironic departure is that of Dyson, whose founder James Dyson is a prominent Brexit advocate. The company is moving its HQ to Singapore. Sony's European HQ is moving from London to Amsterdam. The 182-year-old British ferry firm P&O is re-registering its entire fleet under the Cypriot flag. And in the auto and electronics industries, stockpiling continues. Guardian
     
    #284     Jan 23, 2019
  5. Sig

    Sig

    But hey, they get their own national anthem back...or something vitally important like that.
     
    #285     Jan 23, 2019
    d08 and dealmaker like this.
  6. Visaria

    Visaria

    #286     Jan 23, 2019
    dealmaker likes this.
  7. Visaria

    Visaria

    P&O is owned by Carnival plc which has its HQ in the US...they can change their flag to whatever they like to suit the regulatory regime.
     
    #287     Jan 23, 2019
    dealmaker likes this.
  8. Visaria

    Visaria

    You forget to mention Google and Facebook recently moved their European HQ to London.
     
    #288     Jan 23, 2019
    dealmaker likes this.
  9. dealmaker

    dealmaker

    Brexiteer "Madness"

    Airbus's CEO, Tom Enders, has something to tell U.K. lawmakers who suspect people are overstating the risks of a no-deal Brexit: "Please don't listen to the Brexiteers' madness which asserts that, because we have huge plants here, we will not move and we will always be here. They are wrong… If there's a no-deal Brexit, we at Airbus will have to make potentially very harmful decisions for the U.K." Fortune
     
    #289     Jan 24, 2019
    d08 likes this.
  10. Visaria

    Visaria

    https://www.forbes.com/sites/kurtba...siness-2019-u-s-down-u-k-on-top/#4ceb1ddb52d5

    UK in 2019 to be the Best Country in the World for business.

    “The U.K. has a globalized economy that is more open than most across the world in terms of trade, investments, capital flows and, until recently, immigration,” says Moody’s chief economist Mark Zandi.



    The U.K. is the only country to land among the top 30 (out of 161 countries ranked) on all 15 metrics Forbes used to rate the countries.

     
    #290     Jan 24, 2019