The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[bigblue2]

	Quote:	Loz1983
	They don't really have the luxury of inflexibility though. Not reaching a deal will be detrimental to the EU.

no it wont, a no deal will help the EU immeasurably, no one in their right minds will invest in the UK without an EU deal in place, and any mutlinational inside the UK will be looking to get out asap.

[Jim2007]

	Quote:	Loz1983
	The EU Commission is will unlikely accept Chequers, and neither will Chequers get through parliament. Checquers is already further than many Brexiteers were willing to budge.

It is not up to the Commission to accept or reject it. In the first instance is the council of ministers, then the EU parliament and finally the 37 regional and national parliaments.

Do a bit of research on how things work for heavens sakes!

	Quote:	Loz1983
	It's not that the EU "hold all the power", it's just their inflexibility in their approach to negotiations.

Why should the EU have to compromise on any of it's principles? Just because you say so??? in case you have forgotten the 27 represents 450m people, there is no reason whatsoever for them to feel the need to compromise for the sake of a third country.

Every single proposal has been blocked by UK red lines. Their problem.

[Jim2007]

	Quote:	Loz1983
	They don't really have the luxury of inflexibility though. Not reaching a deal will be detrimental to the EU.

Not even remotely close to the consequences for the UK, but keep repeating it perhaps eventually you'll convince yourself!

	Quote:	bigblue2
	no it wont, a no deal will help the EU immeasurably, no one in their right minds will invest in the UK without an EU deal in place, and any mutlinational inside the UK will be looking to get out asap.

Just this week.

Goldman Sachs commits to UK despite Brexit fears with £1.2bn deal

[bigblue2]

	Quote:	Loz1983
	Just this week. Goldman Sachs commits to UK despite Brexit fears with £1.2bn deal

did you actually read the article??? did you understand it???? I think not

They have CASHED IN an asset in the uk, sold it, gone. spinning leasing it back (with the tax benefit that brings rather then having an asset on the books) as investing in the uk is laughable

and look at the footnote

"The company has said it plans to move a few hundred staff members to Frankfurt and Paris, without giving an exact number."


now you're just trolling

[Urs Max]

	Quote:	Loz1983
	People keep harping on about how terrible no deal will be for the UK, however it'll be shit for the EU too. Especially Ireland. The consequences will obviously be lessened, but there will none the less be consequences.

At least you concede now that a hard Brexit looks quite detrimental to the UK. Whether the EU suffers as well has no effect on that (not sure you're right on that one).

	Quote:	bigblue2
	Planes still carry cargo, which will now have to be checked. ATC is also another huge grey area.

Planes? Which planes? As things stand there will be no planes from the UK to the EU and vice cersa after Brexit because the necessary treaties will no longer be valid nor will there be any replacements in case of a hard Brexit.

[Sky]

There is one point I'll never grasp.
In the period before the vote I would attentively follow the large amount of information in the media regarding Brexit. In Switzerland, Italy, France and Germany there were experts of all kinds explaining the details and consequences. Then I'd travel to the UK and find that there was hardly nothing explained on TV or in the press, or at least not the same amount of expert insight as found in Europe.
But why?

[bigblue2]

	Quote:	Sky
	There is one point I'll never grasp. In the period before the vote I would attentively follow the large amount of information in the media regarding Brexit. In Switzerland, Italy, France and Germany there were experts of all kinds explaining the details and consequences. Then I'd travel to the UK and find that there was hardly nothing explained on TV or in the press, or at least not the same amount of expert insight as found in Europe. But why?

because the remain camp didn't think the general public was that stupid - big mistake

And the leave camp lied through their teeth - and the general public somehow believed that the nhs would get an extra 350m a week if we left, and all those filthy immigrants would all be deported and everything bad in the uk as all the fault of the EU.

the 'promises' the leave campaign made where bordering on criminal

I guess the fact most of the remain politicians are / where some of the most hated didn't help either.

	Quote:	bigblue2
	did you actually read the article??? did you understand it???? I think not They have CASHED IN an asset in the uk, sold it, gone. spinning leasing it back (with the tax benefit that brings rather then having an asset on the books) as investing in the uk is laughable and look at the footnote "The company has said it plans to move a few hundred staff members to Frankfurt and Paris, without giving an exact number." now you're just trolling

A few hundred, from 6000.

Perhaps it’s you who can’t read? Or maybe just plain stupid?

Richard Gnodde, chief executive of Goldman Sachs International, said: "The development of Plumtree Court and our signing of a long-term lease demonstrates our continued commitment to London and our European operations more broadly."

[Castro]

A few months ago my company replaced the threadbare carpets in our Slough office.. a ringing endorsement of Brexit and their continued investment in the UK.

	Quote:	Castro
	A few months ago my company replaced the threadbare carpets in our Slough office.. a ringing endorsement of Brexit and their continued investment in the UK.

Are you sure they are not preparing the building with a mind to flog it?

[bigblue2]

its also worth pointing out that building then selling and leasing back a company HQ is pretty standard practice, mainly for tax and cashflow reasons a quick google flags up

KPMG
Goldman
Manpower

all did it recently

The New York Times
Nokia
P&O
the list goes on and on

have all done it

https://en.wikipedia.org/wiki/Leaseback

and of course selling the building now goldman hedges themselves against the uk property market crashing.

[Blueangel]

My favourite Brexit headline of the week...

	Quote:
	Flow of Danish sperm into the UK could be slowed by no-deal Brexit

https://metro.co.uk/2018/08/24/flow-...rexit-7877735/

We must stop this surreptitious Viking invasion!!!

	Quote:	Jim2007
	It is not up to the Commission to accept or reject it. In the first instance is the council of ministers, then the EU parliament and finally the 37 regional and national parliaments. Do a bit of research on how things work for heavens sakes!

The EU Commission is very much leading the Brexit negotiations, if they carry in the way in which they are there is a very high risk there will be no agreement for the EU Council to or national Parliaments to ratify.

	Quote:	Jim2007
	Why should the EU have to compromise on any of it's principles? Just because you say so??? in case you have forgotten the 27 represents 450m people, there is no reason whatsoever for them to feel the need to compromise for the sake of a third country. Every single proposal has been blocked by UK red lines. Their problem.

Because as much as you keep repeating it, the UK isn't a third country. It is a country that has been a member of the EU in it's various forms for 40 years. Like it or not, the EU and the UK are very much intertwined on matters such as security, trade, supply chains and not least the 3.5 million EU citizens living there. No deal will cause much disruption on both sides. The same cannot be said for a trade negotiation with a third country.

[fatmanfilms]

	Quote:	bigblue2
	its also worth pointing out that building then selling and leasing back a company HQ is pretty standard practice, mainly for tax and cashflow reasons a quick google flags up KPMG Goldman Manpower all did it recently The New York Times Nokia P&O the list goes on and on have all done it https://en.wikipedia.org/wiki/Leaseback and of course selling the building now goldman hedges themselves against the uk property market crashing.

UK commercial property has been a dog for years, why invest in a low yield asset if your GS? No point at all to own property if your an investment bank as it's a poor use of capital.

[Jim2007]

	Quote:	Loz1983
	Just this week. Goldman Sachs commits to UK despite Brexit fears with £1.2bn deal

OMG, do you have any idea of what just happened! They sold the building and as a result are now renting it, meaning it is easier to move and their bank balances are healthier.

[Jim2007]

	Quote:	Loz1983
	Because as much as you keep repeating it, the UK isn't a third country. It is a country that has been a member of the EU in it's various forms for 40 years. Like it or not, the EU and the UK are very much intertwined on matters such as security, trade, supply chains and not least the 3.5 million EU citizens living there. No deal will cause much disruption on both sides. The same cannot be said for a trade negotiation with a third country.

That does not answer the question, there is no reason for the EU to compromise it principles to give the UK a special deal and the UK is being offered the same type of trade deal as any third country because that is exactly what it will be.

The UK is going to find itself in the exact same situation when it sits down to talk with other trade blocks as well.

[Jim2007]

This is an interesting exchange between a former international trade negotiator and someone from I think it is BREXIT Central.

https://soundcloud.com/bbcradiokent/...-heated-debate

The point that surprised me is that the EU trade deals with Canada and Japan includes clauses requiring them to seek EU approval before they enter into any major trade deals that might impact the EU deal.

	Quote:	Jim2007
	OMG, do you have any idea of what just happened! They sold the building and as a result are now renting it, meaning it is easier to move and their bank balances are healthier.

You know Goldman Sachs did the same thing with their current London HQ 10 odd years ago, right? This isn’t something out of the ordinary.

The comments on here are just further evidence of the post truth age we live in. A company is widely reported as investing in London post Brexit and even states so themselves is not in fact doing so because people refuse to believe the facts presented to them as it doesn’t fit with their own narrative.

[marton]

	Quote:	Loz1983
	You know Goldman Sachs did the same thing with their current London HQ 10 odd years ago, right? This isn’t something out of the ordinary. The comments on here are just further evidence of the post truth age we live in. A company is widely reported as investing in London post Brexit and even states so themselves is not in fact doing so because people refuse to believe the facts presented to them as it doesn’t fit with their own narrative.

Well we can either use our brains or unconditionally believe their press releases