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Brexit: London's financial sector calls for a transitional deal for the industry

Thursday, March 30th 2017 - 06:47 UTC
Full article 36 comments

London’s powerhouse financial sector finds itself at a critical juncture with Article 50 about to be triggered, as the Square Mile braces itself for a jobs exodus and the potential loss of European trading rights following Brexit. City bosses and politicians have called on the UK Government to secure a transitional deal for the industry to prevent companies pre-empting uncertainty by upping sticks to rival financial centres across the globe. Read full article

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  • Think

    TWIMC...

    Rental prices of prime office properties in Paris..., Zurich..., Milano... and Stockholm have gone up about 50% during the past couple of months...

    One wonders why...?

    Mar 30th, 2017 - 09:20 am - Link - Report abuse -3
  • ElaineB

    @ Think

    It is really easy so let me help you. They are expecting the financial capital of Europe to move somewhere within the EU if the Brexit deal is not favourable to them in the U.K.. Since the City contribute considerably to the U.K. economy I suspect a good deal will be a priority. If that fails the Plan B is to make the U.K. a tax haven for business and that will increase businesses moving to the U.K.

    I don't blame other countries from cashing in on what might happen in the future but it is by no means certain.

    Does that help?

    Mar 30th, 2017 - 11:15 am - Link - Report abuse +3
  • AustrOllOpithecus

    Tick tock tick tock........

    Mar 30th, 2017 - 11:25 am - Link - Report abuse -2
  • Clyde15

    Elaine
    That's not the reply he was looking for. It has given him nothing to gloat upon.

    Mar 30th, 2017 - 11:26 am - Link - Report abuse +3
  • The Voice

    Lloyd's of London just opening a branch in Brussels where it plans on having two brokers and a tea lady. The Banksters won't want to be moved from Europe's greatest city. Zurich and Stockholm - zzzzzzz.. OMG the restaurant bill is how much!!!!??? Milano - buried. Paris - wot, they are all French! Bahahahaha...

    Mar 30th, 2017 - 12:58 pm - Link - Report abuse -3
  • Think

    Well...
    Londoners seem to know why...;-)
    http://www.standard.co.uk/news/politics/brexit-will-make-londoners-and-their-city-poorer-poll-reveals-a3502711.html

    Mar 30th, 2017 - 09:21 pm - Link - Report abuse -1
  • ElaineB

    Well, now. I can see from the link info that you are scrambling around for bad news to wank to. That you would find it in the Evening Standard is not surprise. New editor George Osbourne = articles about how Brexit will make everyone poorer.

    The truth is we don't know. I thought it a bad move because of the ill-informed reasons most people voted to leave. How much it will affect the City is entirely up for debate. I said before that there is no way we are going to lose the financial centre of Europe easily. If not with easy access to the European market it will be with tax-free status or incentives. Now you can run along and look for more negative articles but it won't make you right. In fact, I am struggling to think of an occasion when you were ever right.

    Mar 31st, 2017 - 05:07 pm - Link - Report abuse +2
  • Think

    TWIMC...

    Google...: “Brexit”
    Click on...: “Search Tools”
    Click on...: “Last 24 Hours”
    No need to ”scramble around for bad news for Engeland...
    The first five pages of the search are bad news for Engeland...

    Think is happy...

    Mar 31st, 2017 - 05:44 pm - Link - Report abuse -2
  • ElaineB

    @ Think

    Why? Why are you so happy? Even at its worst, the situation in the U.K. is ten times more healthy and financial stable than in Argentina. I don't take pleasure in the misfortune of Argentina. What you are displaying is your own warped personality. Why would you show yourself up like that?

    Mar 31st, 2017 - 06:14 pm - Link - Report abuse +1
  • Think

    Anglo Turnipette just above...

    I'm not “So Happy”...
    I'm just “happy”...

    ... Happy because any bloodless event that weakens that haughty Nuclear Bully Country called Engeland is good news for my country...: Argentina in our South Atlantic/Antarctic disagreement about some 12,000,000 square kilomerers of said territory...

    Nothing “Warped” about that...
    Simples...

    Mar 31st, 2017 - 09:26 pm - Link - Report abuse -2
  • ElaineB

    @ Think

    What a sad article you are.

    Apr 01st, 2017 - 02:18 pm - Link - Report abuse +1
  • Think

    TWIMC...

    Gib already in the Brexit storm's eye...
    Malvinas..., here we come...
    Put the kettle on...
    Chuckle..

    Apr 01st, 2017 - 02:45 pm - Link - Report abuse -2
  • Clyde15

    Think
    If you have a death wish, please try to invade the Falklands. It would make ME extremely happy to see your country ruined...even more than it is now. The Scots Guards would be up for a return match...on THEIR terms.

    Chuckle over THAT !

    Apr 01st, 2017 - 05:44 pm - Link - Report abuse +3
  • Think

    Who said anything about invading..., Lowlander...?
    We are coming after Malvinas in the same peaceful terms as the Spaniards are going after Gib...
    As I said before... Them Kelpers would be wise in putting the kettle on...

    Tally-ho
    ;-)

    Apr 01st, 2017 - 06:46 pm - Link - Report abuse -3
  • DemonTree

    What did Gibraltar ever do to you that you would be so happy to see them under the Spanish yoke, Think?

    Apr 01st, 2017 - 11:29 pm - Link - Report abuse +2
  • Think

    Toodle Pip Pip, chaps...

    Great news about Brexit...
    The blue British passport, which was superseded by the burgundy-coloured European Union passport as the UK forged closer links with Europe three decades ago, is to make a return as part of a post-Brexit redesign....

    Pip Pip Cheerio...

    Apr 02nd, 2017 - 12:19 am - Link - Report abuse -2
  • ElaineB

    Think running away is true to form.

    Apr 02nd, 2017 - 02:16 pm - Link - Report abuse +2
  • Think

    Toodle Pip Pip, chaps...

    Didn't I tell them Kelpers to put the kettle on because of Gib...?
    Well....... It certainly didn't take long for them haughty Engrish to make the first move...:

    “Brexit: Ex-Tory leader Lord Howard likens Gibraltar to Falklands”
    http://news.sky.com/story/theresa-may-vows-to-get-best-brexit-deal-for-gibraltar-10822205

    Pip Pip Cheerio...

    Apr 02nd, 2017 - 03:50 pm - Link - Report abuse -1
  • Clyde15

    Think

    You are coming after the Falklands the same way as the Spanish and Gibraltar ?

    Well that's OK then.....wishful thinking.

    However, you did say...Malvinas, here we come.

    To an English speaker, that is an aggressive statement implying violence.

    My reply was a counter to that statement.

    Apr 03rd, 2017 - 11:30 am - Link - Report abuse +2
  • Think

    Toodle Pip Pip, chaps...

    Guess why it's called €URO clearing...?
    Guess where €UROpeans want to have their €URO clearing done..?
    If you can't guess IT......, you may read the following article........ Enjoy...:

    《“EU citizens decide on their own money,” Weber said during a press conference in Strasbourg on Tuesday. “When the UK is leaving the European Union it is not THINKable that at the end the whole €uro business is managed in London. This is an external place, this is not an EU place any more. The €uro business should be managed on EU soil.”
    Such a development would be a huge blow to the British economy. Six months ago, the head of the London Stock Exchange, Xavier Rolet, said at least 100,000 positions could be lost if the City’s clearing houses lost their ability to process €uro-denominated transactions.
    Clearing houses are independent parties that sit between the two parties in a trade and are tasked with managing the risk if one side defaults on payment. London clears around three-quarters of all €uro-denominated trades.》
    https://www.theguardian.com/politics/2017/apr/04/uk-jobs-merkel-juncker-euro-clearing-eu-manfred-weber-brexit

    Pip Pip Cheerio...

    Apr 04th, 2017 - 07:03 pm - Link - Report abuse -1
  • DemonTree

    Hey Think, what does all the pip-pipping mean? I've always wondered.

    Apr 04th, 2017 - 10:57 pm - Link - Report abuse +1
  • Think

    Dunno really..., lad...
    Learned it from Lt. George Colthurst St Barleigh...
    Something to do with Engrish upper class communication...
    Possibly an early Engrish Beta Version of Twitter..., called Pipper..., I reckon...
    Or it may have to do with the joy provoked by that world's cutest upper class ass...: Pipp'ass...

    Apr 05th, 2017 - 02:14 am - Link - Report abuse -2
  • DemonTree

    So an old version of twitter, where you could 'pip' messages instead of 'twitting' them? Sounds reasonable. Actually, sounds a lot like sending a telegram. You're about 100 Think, did you ever send one?

    Apr 05th, 2017 - 12:49 pm - Link - Report abuse +1
  • Kanye

    I see that the “voice” persona is strangely absent throughout this exchange.
    Usually it has a sycophantic ”oh you're so clever, Think! :-)))“ comment to make.

    That persona being presented as pro-Scotland, you would think it would not play well to have it interact with ”Think” just now.

    Apr 05th, 2017 - 12:56 pm - Link - Report abuse 0
  • Clyde15

    DT
    I think this should explain it.

    ”Toodle-pip seems to be a variation on a similar exclamation of farewell: toodle-oo. This was first recorded in 1911 and has two suggested roots: the tooting of a horn, possibly that which had once sound as a coach set off (although it could also evoke the huntsman's horn, setting the hunt in motion), or an English-ed pronunciation of the French à tout à l’heure, goodbye.The substitution of pip for -oo presumably borrowed one of the 'pips' from yet another way of saying goodbye, and indeed hello: pip-pip. According to J. Redding Ware, in Passing English of the Victorian Era (1909) this was originally a jocular street cry, aimed at passing bicyclists, who were still a pretty rare sight in the late 19th century. It was echoic of the sound of the horn which sometimes replaced the bicycle's bell. The use as hello/goodbye was first recorded in 1906 in the Marvel, a boys' comic and would become especially popular among the characters of the comic novelist P.G. Wodehouse.“

    Jeeves and the Hard-Boiled Egg, 1919, makes a clear link between toddling and toodling:

    ”Ripping! I'll be toddling up, then. Toodle-oo, Bertie, old man. See you later.“
    ”Pip-pip, Bicky, dear boy.”
    He trotted off...

    Nothing to do with Think's explanation.

    Apr 05th, 2017 - 01:01 pm - Link - Report abuse 0
  • The Voice

    There is no way any Banksters want to be shipped off to places in the EU. For every Banksters unwillingly moved to Frankfurt there will be several installed in the City of London to deal with all the extra transactions generated from the rest of the world. A conservative estimate is 100,000 more jobs in the City and 350,000 in the rest of the UK. Shitstirring turnips believe the remoaners whingeing because it suits them whilst for positive people in the UK it's onwards and upwards leaving the moribund failing EU superstate behind.

    Apr 05th, 2017 - 01:15 pm - Link - Report abuse 0
  • Think

    Mr. DemonTree...
    You ask...:
    ”You're about 100 Think, did you ever send one (telegram)?“
    I say...:
    --- ..-. / -.-. --- ..- .-. ... . / .. / .... .- ...- .
    We had telegraph down here till the late seventies..., lad...

    Lowland Gorilla Clyde15
    You grunt...:
    ”Nothing to do with Think's explanation.“
    I say...:
    Everything to do with Think's explanation...
    ”I learned it from Lt. George Colthurst St Barleigh...,” i said...:
    https://m.youtube.com/watch?v=b3guklJefcQ
    Kisses to your luuuuvely Engrish missus..
    El Think...

    Apr 05th, 2017 - 01:40 pm - Link - Report abuse 0
  • Clyde15

    Your lack of understanding English is showing....yet again.

    Learned it from Lt. George Colthurst St Barleigh...therefore by repeating it , it becomes YOUR explanation.

    What Engrish missus would that be? I am not polygamous so where did this other “missus” come from.

    I see you subscribe to the Jimmy Savile school of charm.

    Apr 05th, 2017 - 04:33 pm - Link - Report abuse 0
  • Think

    Lowland Gorilla clyde15...

    Didn' you tell us once hat your Missus was from the Borders...?
    - That's more Engrish than Northumberland...!

    Savile.... huhhhhh...
    Please forget about the kisses to your Missus if she's under 60...
    I like them young... but I have me limits... ;-)

    By the way... you have been looking at that booger looong enough...
    If you are not going to eat it...
    Pass it on...!

    Apr 05th, 2017 - 05:08 pm - Link - Report abuse 0
  • DemonTree

    @Clyde15
    Apparently slang was much more interesting (and weird) 100 years ago. And Think was using 'toodle-pip' wrong, too, if it means goodbye. But I think the ye olde steam-powered twitter is funnier ;)

    Also Jimmy Savile, yuk. I used to watch his programs as a child and now it's all ruined. How on earth did he get away with that for so long?

    @Think
    .. / -... .- .-. . .-.. -.-- / .-. . -- . -- -... . .-. / .- -. -.-- / -- --- .-. ... . / -... ..- - / .. / --. ..- . ... ... . -.. / .-- .... .- - / -.-- --- ..- / .-- .-. --- - .

    Surely you weren't sending messages in Morse code? I though you went to the post office and handed in a form or something? And did they really send a person out to deliver the message immediately if you received a telegram?

    Apr 05th, 2017 - 06:04 pm - Link - Report abuse 0
  • The Voice

    Yes, exactly little shitstirrer Think reminds me of Jimmy Saville, slimy, creepy... Just right for a Brook Street resident.

    Apr 05th, 2017 - 06:13 pm - Link - Report abuse 0
  • Think

    Mr. DemonTree...
    Morse was a normal thing to know in between the Great and the Cold wars
    But where in Earth would a young fella pick some Morse in the XXI century..? Google...?
    Anyhow..., most Estancias down here had a radio room..., where Morse was widely used...

    And yes.., the Telegram Man did exist...
    Sometimes news were good...
    Sometimes not...
    https://m.youtube.com/watch?v=_LKhJwUdLfo

    Apr 05th, 2017 - 06:41 pm - Link - Report abuse 0
  • DemonTree

    It was still the 20th Century, and I was interested in codes and things so I learned a bit. I've never found any use for it though.

    Why did they use Morse on the radio instead of just talking? Even AM can carry voice okay.

    Telegrams must have been expensive if they had to pay someone specially to deliver them. I always found them confusing as a child, they are one of those things that only exist in old books like cars with running boards and chilblains.

    Apr 05th, 2017 - 08:19 pm - Link - Report abuse 0
  • Think

    Mr. Demontree...

    Morse went much clearer and with far less misunderstandings through solar interference, long distances and worn out/weak radios and batteries...

    It served me well until the nineties to read the telex paper tape...:-)

    Apr 05th, 2017 - 09:00 pm - Link - Report abuse 0
  • The Voice

    Back in the 1980s you had to be fluent in morse for your Yachtmaster, semaphore too. If I were shitstirrer Think I would be lighting a barrel of tar for Cristina right now... She's going down..

    Apr 05th, 2017 - 10:35 pm - Link - Report abuse 0
  • DemonTree

    @Think
    I see, must be a bit slow as a communication method though. And telex - Wikipedia says it was a forerunner to fax, email and texting, so maybe you really could send tweets. :)

    What did you do about the ñ and accents in Morse? Use special codes or just use the equivalent letter without an accent?

    @The Voice
    -.. --- / -.-- --- ..- / -.- -. --- .-- / .. - / - --- --- ..--..

    Apr 05th, 2017 - 10:58 pm - Link - Report abuse 0

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