JP Morgan will cut jobs if we leave the EU

Great point... Except that's not how the public is going to see it

This is how the public will see it:

Remain campaign: 7000 jobs in JP Morgan will be lost
Public: JP Morgan? Bankers? Losing their jobs? VOTE LEAVE!!

So, like i said, it's a legitimate point, but in the vast world of politics, you shouldn't use it to support the remain campaign. You can try, but let's face it, they dislike bankers too much to care about what happens to them.

I'm not cold hearted, I'm a realist.

JP Morgan won't move jobs to the continent. I don't like the way that the leave campaign says that any claims contrary to their position are merely fear mongering, but in this specific case it's accurate. It's fairly obvious that one of the reasons that Britain wants to leave the EU is to loosen legislative interference in the economy, and given that Britain's services sector is its major economic force, it seems obvious that financial controls will be relaxed. All of which is pretty handy for JP Morgan.

On the other hand, with Britain out of the EU the main opponent to closer fiscal and political union in the EU will be out of the equation. And in the interest of keeping the euro afloat in the aftermath of a hypothetical Brexit, it seems likely that the EU would need to centralise at least some financial powers. All of which is very very unfriendly for a business like JP Morgan.

JP Morgan indeed prefers the idea of Britain in the EU compared to Britain outside; the common market is an attractive proposition for any international businesses obviously. But Britain outside the EU is still far more attractive to any large-scale, international, service sector business than any country inside the EU.

When did they let you out of the asylum?

Mate, the financial services industry is one of our biggest exports and it generates a lot of tax revenue, as well as the work itself helping the economy by helping companies to grow and develop. You can say that you're distant from it but they're more important to you than you think.

the only reason we do not have big manufacturing industries as a back up is due to the excessive EU laws and redtape/ regulations which make it difficult for small companies to grow into larger ones and export the manufactured items. .

Don't care. I am northern and the whole world of banking is totally distant.

the only reason we do not have big manufacturing industries as a back up is due to the excessive EU laws and redtape/ regulations which make it difficult for small companies to grow into larger ones and export the manufactured items. Since joining the EU; fishing industry has gone, the shipyard industry has gone, the textile industry has gone, the coal industry has gone.

So whats left over is only Financial services, and that as the only thing a country exports can be dangerous as seen by the 2008 crash.

the only reason we do not have big manufacturing industries as a back up is due to the excessive EU laws and redtape/ regulations which make it difficult for small companies to grow into larger ones and export the manufactured items. Since joining the EU; fishing industry has gone, the shipyard industry has gone, the textile industry has gone, the coal industry has gone.

So whats left over is only Financial services, and that as the only thing a country exports can be dangerous as seen by the 2008 crash.

You will care when tax receipts from financial services collapse and the Government cuts even more services in the North.

Do you support the idea that we are even having a referendum? I'm writing a piece on whether direct democracy such as referendums work and the more I read, the less I think they do.

The people losing their jobs won't be highly paid bankers with big bonuses, they will be ordinary admin people on ordinary wages. And you don't really think its just people working in banks, it would also be lots of other workers in other sectors losing their jobs too.

You just implied human beings are stupid.

I hate bankers, too, but generally speaking they create a lot of economy. And the taxes that come with that...

Well not all humans are stupid but come on, they're not all very intelligent either.

Don't care. I am northern and the whole world of banking is totally distant.

You will care when tax receipts from financial services collapse and the Government cuts even more services in the North.

I'm not disputing this, I'm telling you how the public sees it.

Let's all now watch the left cite to the authority of investment banks. This referendum campaign is full of quirks.

The way this guy speaks about brexit... It's almost as though JP Morgan has a dog in this fight.

Have you told the boss of J P Morgan about this, hes donated half a million to the Remain campaign? If he had listened to you, he could have given his money to the Leavers.

Did you actually read what I said? I'm presuming not, as your comment makes no sense. Allow me to draw your attention to the pertinent bit, with regards your comment:

'JP Morgan indeed prefers the idea of Britain in the EU compared to Britain outside; the common market is an attractive proposition for any international businesses obviously. But Britain outside the EU is still far more attractive to any large-scale, international, service sector business than any country inside the EU.'