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Post by Repat Van on Jul 15, 2016 12:07:39 GMT
Nice article: "Now it is possible all the unskilled and unemployed Leave voters of Sunderland and Boston will borrow Norman Tebbit's bike, and cycle merrily down to the blackberry fields, grateful for the opportunity for a bit of back-breaking labour." Here..."Or maybe the points-style system could allow a certain number of unskilled Poles into the country to do the jobs they've been doing, but this would rather run counter to the apparent instruction of the electorate, who are not required to be economically literate." If the wages paid enough I am sure they would... |
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Deleted
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Post by Deleted on Jul 15, 2016 12:12:01 GMT
They do. I've done it myself. Piece work.
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nobody
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Post by nobody on Jul 15, 2016 13:42:37 GMT
Nice article: "Now it is possible all the unskilled and unemployed Leave voters of Sunderland and Boston will borrow Norman Tebbit's bike, and cycle merrily down to the blackberry fields, grateful for the opportunity for a bit of back-breaking labour." Here..."Or maybe the points-style system could allow a certain number of unskilled Poles into the country to do the jobs they've been doing, but this would rather run counter to the apparent instruction of the electorate, who are not required to be economically literate." There are a large number of Polish workers on a fruit farm near here, they are all (the ones I've met) hardworking folk, the local farmer can't get local labour, they prefer life on the dole, they are probably the Bremainers who couldn't get their arses off the bed to vote. |
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Post by Repat Van on Jul 16, 2016 0:48:32 GMT
Nice article: "Now it is possible all the unskilled and unemployed Leave voters of Sunderland and Boston will borrow Norman Tebbit's bike, and cycle merrily down to the blackberry fields, grateful for the opportunity for a bit of back-breaking labour." Here..."Or maybe the points-style system could allow a certain number of unskilled Poles into the country to do the jobs they've been doing, but this would rather run counter to the apparent instruction of the electorate, who are not required to be economically literate." There are a large number of Polish workers on a fruit farm near here, they are all (the ones I've met) hardworking folk, the local farmer can't get local labour, they prefer life on the dole, they are probably the Bremainers who couldn't get their arses off the bed to vote. How much does the local farmer pay? That said a bulk of that work will probably always be filled with immigrants as it tends to be seasonal. |
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nobody
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Post by nobody on Jul 16, 2016 8:37:37 GMT
I've never asked what the wages are, but usually it's piecework.
The Polish workers who shop local appear well dressed and happy, don't seem short of money, but I can't say how many hours they work.
I got in to conversation with a young woman and her child, trying to cross a busy road, she's been here five years, the child was born here, and considers it her home.
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Post by Repat Van on Jul 16, 2016 9:48:33 GMT
I've never asked what the wages are, but usually it's piecework. The Polish workers who shop local appear well dressed and happy, don't seem short of money, but I can't say how many hours they work. I got in to conversation with a young woman and her child, trying to cross a busy road, she's been here five years, the child was born here, and considers it her home. I don't blame her - I would too. |
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Post by unclejunior on Jul 16, 2016 16:09:44 GMT
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lala
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Arrgh!! Urrgh!! No!!
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Post by lala on Jul 17, 2016 3:24:29 GMT
Beginning "preliminary discussions with senior UK officials about how they might pursue a trade agreement" is certainly not being at the front of any queue.
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Post by Repat Van on Jul 17, 2016 4:01:27 GMT
Beginning "preliminary discussions with senior UK officials about how they might pursue a trade agreement" is certainly not being at the front of any queue. Come on Lala, you're being churlish... Besides I doubt they would start proper negotistions until we at least actuslly exit. I am still not sure we will do. |
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lala
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Post by lala on Jul 17, 2016 5:46:42 GMT
Totally not being churlish. It's being honest. Some vague 'preliminary discussions' about a putative future treaty is meaningless. Of course they are going to have talks about trade deals - we're going to have to have a whole bunch of new treaties and agreements. But it'll take years to achieve anything. It certainly isn't being at the front of any queue. Calling it that is just desperate propaganda.
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Post by Repat Van on Jul 17, 2016 5:53:58 GMT
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lala
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Post by lala on Jul 17, 2016 6:16:59 GMT
"Oh, they're talking to us! We're at the front of the queue!"
About as logical as mids saying a female talked to him, therefore they're married.
(Which he might well say, as it is his only hope. But that doesn't make it real or true.)
n.b. With post-dinner hindsight, I sense you may have been slightly joking. But'll leave all 'as is' because I think that line about mids was pretty good.
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Post by perrykneeham on Jul 18, 2016 5:03:22 GMT
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Post by Repat Van on Jul 18, 2016 6:18:41 GMT
Another interesting article - Brexit and the FS sector. (Posted in full as the website often locks. The U.K.’s Big Brexit Test: Holding On to London’s Financial Crownwww.wsj.com/articles/the-u-k-s-big-brexit-test-holding-on-to-londons-financial-crown-1468776973The political crisis that engulfed the U.K. after its decision to quit the European Union in last month’s referendum may have come to a remarkably swift conclusion. But the political challenges facing new Prime Minister Theresa May are awesome. She must now fashion a new foreign, commercial, security, scientific and agricultural strategy for the country that meets the high expectations of those who voted for Brexit and her own promise upon taking office to “make a success of it.”
One of her biggest challenges is to find a Brexit deal that preserves the success of the U.K.’s giant financial services industry, which is so central to the country’s economic fortunes. Much of this success is relatively recent and has owed much to the U.K.’s membership in the EU. For several decades after World War I, the City of London was primarily a domestic capital market. Its modern revival only began in the late 1960s with the creation of the Eurobond market, which recycled offshore U.S. dollars, and the Thatcher reforms of the 1980s, which swept away restrictive practices, abolished exchange controls and exposed domestic firms to foreign competition.
But what really transformed the City was the creation of the EU single market and, subsequently, the euro. This turned London into Europe’s financial center, home to vast new pan-European markets for equity, bonds and derivative-based hedging products. Thanks to the EU’s commitment to the freedom of movement of capital, services and people, financial-services providers from all over the world could use London as a hub to serve customers across the entire continent.
Today, the U.K. is home to 78% of European foreign-exchange trading, 74% of interest-rate derivatives trading, 85% of hedge fund assets under management and 35% of all EU wholesale financial services, according to TheCityUK, a London-based trade body. The U.K. in 2014 had a £72 billion ($95 billion) trade surplus with the rest of the world in financial services, of which £18.5 billion was with the EU. There are 489 foreign banks registered in London, of which 183 are from the EU.
How much of this success is at risk from Brexit? Certainly, some sectors should be unaffected, including those focused on the domestic and non-EU markets and activities such as insurance, where there is only limited cross-border activity. Some sectors such as hedge funds may consider Brexit a benefit if it allows them to escape what they consider to be unnecessary and costly EU regulation.
The bigger questions surround the future of cross-border banking services: Will EU supervisors allow banks to continue to maintain systemically important businesses and assets offshore in London operating under potentially different regulatory rules?
For many banks, the ideal Brexit outcome is a deal that maintains as much as possible the status quo by keeping the U.K. in the EU single market.
But this seems unlikely since it would require the U.K. to accept EU rules without having any say over them—at a time when financial regulation is constantly evolving. What banks fear is that EU supervisors will revoke the “passport” that allows U.K.-based firms to offer financial services directly to EU customers and insist instead that all banks wishing to do business in the EU maintain separately capitalized and funded onshore subsidiaries under their supervision.
This doesn’t mean that London would cease to be Europe’s financial center. EU regulators would likely insist that new EU subsidiaries are more than mere brass-plate operations and that banks install sufficiently senior locally based management, operational infrastructure and assets. That could include a requirement that EU-based banks clear EU-denominated trades via onshore clearing houses.
But there is no reason why the bulk of traders wouldn’t continue to operate out of London, not least because many traders like living there. As one veteran City adviser puts it, “no banker would willingly relocate to any city where he wouldn’t be happy to spend the weekend.”
Even so, there are three risks to the long-term prospects of the U.K.’s financial-services industry. First, establishing new EU-based subsidiaries would impose substantial costs on the industry when its profitability is already weak. That could cause banks to accelerate existing plans to cut costs, including by transferring back-office and administrative jobs offshore to cheaper locations, including Eastern Europe. That would hit wider U.K. financial-services jobs and revenues. Second, and conversely, the cost of establishing separately capitalized, UK-only subsidiaries could push up the cost of financial services in the U.K., which would have an impact on the wider economy.
Finally, a British exit from the EU risks setting in reverse the network effect that has until now been such a crucial factor in London’s success. Once firms were forced to unbundle some activities currently located in London, others might follow. European banks in particular might choose to relocate more than just management and operational functions, especially if a post-Brexit U.K. made it harder for EU citizens to work in the U.K. Over time, the U.K. could find itself losing market share to other financial centers—and the lucrative tax revenues that flow from it.
How Mrs. May squares this circle is unclear. But the success of Brexit may depend on it.
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Post by Deleted on Jul 18, 2016 7:59:12 GMT
"“Unlike an election result, where ‘OK, it’s not great, but in five years’ time it can be reversed’, this is stupendously final,” he said. “I don’t always agree with Martin Wolf [the Financial Times columnist], but when he wrote the day after that this is probably the single worst event in British postwar history, yeah, I don’t disagree." Here... |
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Post by Repat Van on Jul 18, 2016 8:18:14 GMT
The fact that so many people in the UK are still "stunned" by the result show have large the inequality problem is and how bad that nobody could conceive of the Left Behind making the statement they did.
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bertruss2
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Post by bertruss2 on Jul 18, 2016 9:03:43 GMT
pensioners overwhelmingly backed Brexit , while the younger generation tried in vain to save the country’s EU membership. Just two out of five people aged 65 and over backed staying in. In contrast, 75% of voters aged 18 to 24 plumped for Remain.Fear and suspicion of foreigners is what caused the Brexit vote. A pointless expression of xenophobia since there's no way of going back to the England of the 1950s. www.mirror.co.uk/news/uk-news/who-voted-brexit-how-eu-8277077
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Post by Repat Van on Jul 18, 2016 12:05:16 GMT
Yep all Brexiters are xenophobes.
There there Bert - time for your medicine.
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Post by flatandy on Jul 18, 2016 14:01:41 GMT
I think you mean: Meanwhile, the last decent British tech company can now be sold to a foreign company because it became devalued by 15% thanks to the stupid Brexit vote |
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Post by perrykneeham on Jul 18, 2016 14:09:33 GMT
Life goes on though, eh?
If the sky really was falling, they'd have hung on a bit longer wouldn't they?
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