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UK Politics Hamsterwheel MkII

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UK Politics Hamsterwheel MkII

Old 28th Feb 2019, 19:29
  #5521 (permalink)  
 
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Originally Posted by cavortingcheetah View Post
Historical comparisons aside, the insidious evil of the EU knows no boundaries in the impediment of its invidious progress into the lives of all its slave states.

https://www.telegraph.co.uk/politics...bers-finances/
It's BEHIND you !!!
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Old 28th Feb 2019, 19:42
  #5522 (permalink)  
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Originally Posted by Sallyann1234 View Post
But as we are told daily on here, people "knew what they were voting for". Immigration always seemed to be at the top of the list. Just under "Let's spend 350million on the NHS"
​​​​​​
It is patently obvious that all those who voted in or out did indeed know what they thought they were voting for.

It is also pretty obvious that no one from Call me Dave or George knew much more. They introduced the appalling Project Fear with Boris et al came up with a better Project Unicorn.

People thought there was a shopping list but of course there were many shopping lists
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Old 28th Feb 2019, 19:43
  #5523 (permalink)  
 
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“It's BEHIND you”

Is there an adult in the room?
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Old 28th Feb 2019, 19:47
  #5524 (permalink)  
 
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PP's list had some companies I had not heard of, but the list provided as those leaving the UK because of Brexit was interesting, so after a bit of searching I came up with the following, not seen anything more current for the links provided:

Honda: Apparently nothing to do with Brexit. https://www.bbc.co.uk/news/business-47287386

Sony: Sony TEC looking for apprentices, why bother when they are leaving because of BrexitNewsNissan: Cannot find anything newer: First, Nissan will not make further investments when they do not know what Britain’s future trading arrangements will be. Second, if leaving the EU significantly raises costs and trade barriers, Nissan will consider reducing its British operations. https://www.theguardian.com/news/201...siness-dilemma

Panasonic: Panasonic Europe later issued a statement confirming that it was transferring its regional headquarters from Bracknell in the UK to Amsterdam from 1 October. It said it was doing so for several reasons, including "improved efficiency and cost competitiveness". It said "fewer than approximately 10 people would be affected out of a staff of 30. "No Panasonic UK business operations will be affected by the EU headquarters move," the statement added.

Schaeffler: Which supplies automotive and industrial parts all over the world, is to close its Llanelli plant, while retaining its biggest UK base in Sheffield.The company said it wanted to relocate production to other plants in the US, China, South Korea and Germany. This means that the Llanelli plant and the one in Plymouth will close within the next two years.Company remains committed to the UK but with smaller production footprint

Dyson: HQ moving but investing more into UK , including on his version of the electric car, on top of the work that 4,00 people are doing at two research centres.
Airbus: Awaiting decision, but production of A380 wings will stop by 2021 due to falling sales not Brexit.

Aviva: Hello Ireland for 15% of its policy holders who are in Ireland, so would assume that only a few of their 29,600 employees might move, or they will employ more people in Ireland to run those policies.

Barclays: Hello Ireland & Frankfurt, 150 to 200 will move out of 48,700 employed in the UKSomerset Capital Management: Hello Ireland for a new investment fund;JRM quote: “Lots of investors like to have a structure that is in an independent jurisdiction, and that’s why we’ve set up a Dublin-based fund.“It’s been in the pipeline since before we had the vote on leaving the European Union.“We’ve got a London office and a Singapore office, but we won’t have a Dublin office.

Bank of America/Merril Lynch: Bank of America will relocate up to 125 jobs from Britain, mostly to Ireland, as part of the move, according to a corporate filing seen by Reuters earlier this year.The bank said employees in finance, risk, compliance, technology and credit functions would be affected. The moves will be a combination of staff relocation and new hires. https://www.bloomberg.com/news/artic...t-draws-closerFord: https://www.bbc.co.uk/news/business-39537726

Credit Suisse: Credit Suisse is to cut about 2,000 jobs at its London operation, either by laying off staff or moving posts offshore. The cuts, part of a $6.3bn (£4.1bn) restructuring plan introduced by the new chief executive, Tidjane Thiam, which involves slimming down the group’s investment bank, include axing about a third of the posts at Credit Suisse’s London office. The move could result in back-office jobs being moved to Poland or India, the group’s employees heard on Wednesday.
“There’s absolutely no point in so many people in back-office jobs being located in Canary Wharf, where rents are some of the highest in the world,” said a source.
Some of the job losses will come through attrition, with no new jobs advertised in certain positions in London and leavers not being replaced. Estimates suggest there are currently 6,600 people working for the Swiss-owned bank in London.
The cuts are part of a plan to reduce the bank’s cost-base worldwide.
There will be 1,600 job cuts in Switzerland and 2,000 in the US, where Credit Suisse’s private bank will be transferred to Wells Fargo. The bank wants to shave about 10% off its cost base.
https://www.theguardian.com/business...-by-2000-in-uk

Lloyds of London: The announcement by the world’s biggest insurance market will be made alongside its annual results, a day after Theresa May triggered article 50 to kickstart the process of leaving the EU. Lloyd’s is expected to shift up to 100 jobs initially to Brussels from London, where it employs about 600 people. It has a global workforce of 900. It will hammer out the details of the move with regulators over the coming months, to ensure the new hub is up and running by the time the UK leaves the EU in two years’ time. https://www.theguardian.com/business...russels-office
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Old 28th Feb 2019, 20:09
  #5525 (permalink)  
 
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[QUOTE=tescoapp;10402697]I don't gamble, you stack things so you are up either way. Otherwise you just as likely to loose the lot.

Thirteenth stroke of the clock that destroys your faith in the other twelve pal. You talked a good game for a bit but this is sheer alchemy stuff. Please share your strategy for stacking either way. After the best part of half a century in business and doing a fair few deals myself I think that you are flying a massive kite here, stick to the roofing.
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Old 28th Feb 2019, 20:28
  #5526 (permalink)  
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EM, each way bet?
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Old 28th Feb 2019, 20:57
  #5527 (permalink)  
 
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An each way bet involves placing two stakes. But we are not talking gambling anyway we are talking investments which involves putting your money on a preferred outcome.I Invite his Tesconess to give us a little hint as to how this process works, because I don't think it can.
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Old 28th Feb 2019, 22:23
  #5528 (permalink)  
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EM, yeah, I know that. If you invest a reasonable way is to spread a portfolio on a global basis and avoid a purely UK one. I would not go as far as one advisor of getting mostly in to Europe and the Far East.

Personally I think such advice is far too late.
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Old 1st Mar 2019, 05:54
  #5529 (permalink)  
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" Trains, no boats, no planes "......coming soon. We await some creative excuses from the DfT ( prop. C.Grayling ) as to how procurement works...along with those for a a lack of foresight as "added value "...

https://www.bbc.co.uk/news/business-47403653
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Old 1st Mar 2019, 06:13
  #5530 (permalink)  
 
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You basically have lumps of cash and uses for them in both currency's.

If the pound tanks then your cash goes to the UK for investment in capital or industry. You commission a new build in euro with 30% upfront and sign the contract before this summer so the price is fixed. Then as your returns come in you wait until the pound rises again and then transfer over. Lets face it a mortgage in euro land can be had for 2.5% pound goes from 0.98 to 1.10 you have more than covered it.

If the UK pound goes up then you transfer your cash the other way and you get a nice new build house no mortgage or if you go really fancy a 20% mortgage and then transfer your returns from the UK over and pay it off in no time.

If it stays where it is you get a bit of both. 50% investment in UK and 50% on your mortgage. Nothing much gained but nothing lost either. But its the least likely outcome.

By the time the recession has hit the bottom you have enough cash to start feeding into the markets again to get decent returns on the stock market and you owe nothing but have a load more capital so you hit the indexs at the bottom of the slope.
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Old 1st Mar 2019, 06:57
  #5531 (permalink)  
 
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So essentially following the market up and down, that's all. Of course the drawback is that every time you make a mve you attract fees and commissions on your trades. Then if the movement isn't sufficiently big your margin gets wiped out by the overheads. I suppose it might work for George Soros with billions to play with but for the average investor I don't see any more than a row of beans in it. The scheme essentially is predicated on knowing the length and strengths of any currency run, something that just isn't possible given the vagaries of the markets.

The only time I made any money out of this was when we were forced out of the ERM. I put about 5k into Deutschmarks and the fall in the pound meant I got my money back and had enough profit for a week in Germany.
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Old 1st Mar 2019, 07:08
  #5532 (permalink)  
Está servira para distraerle.
 
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Much of the usual and unusual ebb and flow of British business and finance is being attributed by the press, public and ppruners, completely incorrectly, to brexit. The reality is that the world has witnessed two years of the most appalling government, parliament and opposition of any country in the G7, let alone one that is often prone to rather boastfully proclaim itself as the fifth largest economy in the world. British government is seen in many places as a conundrum, its parliamentary democracy abandoned, the only alternative a radical socialist platform, utterly inimical to business and enterprise.
It is difficult to see how Britain could, without an interveening period of great cost and humiliation, ever reestablish itself as a country of influence and gravitas within the EU just as its impossible to comprehend how the nation's law makers could conceivably be competent and astute enough to steer the country through independence out of the EU. Scylla and Charybdis spring to mind but unfortunately, Britain has no Odysseus to guide her passage.
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Old 1st Mar 2019, 08:00
  #5533 (permalink)  
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Originally Posted by cavortingcheetah View Post
Much of the usual and unusual ebb and flow of British business and finance is being attributed by the press, public and ppruners, completely incorrectly, to brexit. The reality is that the world has witnessed two years of the most appalling government, parliament and opposition of any country in the G7, let alone one that is often prone to rather boastfully proclaim itself as the fifth largest economy in the world. British government is seen in many places as a conundrum, its parliamentary democracy abandoned, the only alternative a radical socialist platform, utterly inimical to business and enterprise.
It is difficult to see how Britain could, without an interveening period of great cost and humiliation, ever reestablish itself as a country of influence and gravitas within the EU just as its impossible to comprehend how the nation's law makers could conceivably be competent and astute enough to steer the country through independence out of the EU. Scylla and Charybdis spring to mind but unfortunately, Britain has no Odysseus to guide her passage.
A slightly flawed start here.....the two, as underlined above are inextricably linked to Brexit. Thereafter pretty accurate , but, alas, no " Melody Maker " to give us a more accurate place in the charts "down two places this week.... the UK " .

You seem to have been seduced by the siren call of mass hysteria re a radical socialist platform however.

Finally, it's always nice to have a bit of educated culture here on JB....heaven knows, ORAC has been attempting this for some time with helpful Latin 4 Beginners , so a bit of Greek mythology is a refreshing change. How are you fixed for making an analogy involving Orpheous, Hades, the River Styx (aka the Channel ) and Treeza ?

Note to public school educated, former commission holders, and other sundry jolly clever readers. As a fully accredited simpleton, I only know about the last bit cos a group called "The Herd " sung a song about it .......which was very good and ahead of its time.

Last edited by Krystal n chips; 1st Mar 2019 at 09:01.
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Old 1st Mar 2019, 08:06
  #5534 (permalink)  
 
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Not really its 5 euro a trade which works out at less than 0.01% of the amounts involved.

On say starting with a 5k movement you only need half a pip to make a profit the markets are usually giving 4+ pips up with a statement from the UK then back down when Juncker or Tusk says piss off. You might make 50-100 per deal 0.001-0.002% but it all ratchets up with the amount of pish that comes out of them all. So you do 2-3 deals some weeks and none others and come out 100-150 up, over the month average 500 to begin with . As time goes on the amounts involved increase and the returns increase. Basically doubling your money in 2.5 years.

As I said before I really don't aim to make a fortune and I certainly don't risk anything that I can't afford to loose the lot of. I want a new roof I just pull some of the profits.
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Old 1st Mar 2019, 08:15
  #5535 (permalink)  
 
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BTW in no way am I a financial adviser and I am not suggesting or giving advice that anyone should play the FX to make money. It works for me. I suspect quiet a few on here would play the game with their hearts not their minds and would loose the lot very quickly.

But as Para says I am just a thick engineer cockpit monkey with zero clue how the world works, don't understand finance or compound returns. I am just extremely lucky.
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Old 1st Mar 2019, 08:36
  #5536 (permalink)  
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Don't knock cockpit monkeys. Those that get their hands dirty with real money probably have a better understanding than those of us looking a numbers on a screen.

Wage earner just does transactions with someone else's stock. SE needs enough of the real thing to work.

Knew an illiterate odd job man, brilliant with figures, drove a new Range Rover when that meant something.

Simple I know and some SE are good workers but can't handle cash and go bust.
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Old 1st Mar 2019, 08:46
  #5537 (permalink)  
Ecce Homo! Loquitur...
 
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Fas est ab hoste doceri.
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Old 1st Mar 2019, 09:00
  #5538 (permalink)  
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Originally Posted by ORAC View Post
Fas est ab hoste doceri.
Not so ORAC....these offerings clearly contravene Article 3 of the ECHR ! ( for now )
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Old 1st Mar 2019, 09:00
  #5539 (permalink)  
 
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Originally Posted by tescoapp View Post

But as Para says I am just a thick engineer cockpit monkey with zero clue how the world works, don't understand finance or compound returns. I am just extremely lucky.
You're going to have to find that quote from me or people may judge that you have a habit of making things up.
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Old 1st Mar 2019, 09:22
  #5540 (permalink)  
I don't own this space under my name. I should have leased it while I still could
 
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Originally Posted by ORAC View Post
Fas est ab hoste doceri.
Who do you have in mind?
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