I'm 18, voted Conservative at the general election and I support a hard Brexit. AMA

... And back home from the jobs, to attend a food bank.
Brexit - in those social circumstances - and with its effects, may not be a very great project for the country and its people.

I understand this completely. I simply mentioned employment rates because a lot of Conservatives have been bragging about this and I thought it would only be appropriate to use the same point that they celebrate as a rebuttal against the notion that unemployment is caused solely by non-British people.

Also @John1999 I appreciate this AMA, going to have to dash now. Just to be 100% clear I fully respect your views and enjoyed reading your responses. Have a good evening sir.

(edited 6 years ago)

Reply 61

Vlad83

14

Original post by Blue_Cow

I understand this completely. I simply mentioned employment rates because a lot of Conservatives have been bragging about this and I thought it would only be appropriate to use the same point that they celebrate as a rebuttal against the notion that unemployment is caused solely by non-British people.

Yes, of course, of course ... Thats fine !

Reply 62

John1999

OP

Original post by Blue_Cow

Lloyds Banking Group announced that they will be moving to Berlin.
HSBC to Paris
Barclays is going to make their HQ in Dublin (and planning to expand their current ops there)
Standard Charter is looking at Berlin OR Dublin
Goldman Sachs is planning to make Frankfurt their base, moving 1,000 employees with them
J.P. Morgan is planning to move to Dublin moving 4,000 employees with them
Morgan Stanley is planning to move to Dublin OR Frankfurt

However, for the sake of balance, a few US Banks and also Deutsche Bank is planning to stay.

All of these banks are not leaving their operations in the UK but are simply moving their EU headquarters to other EU countries (as you would expect since we will no longer be in the EU). Some jobs will be lost but others will be gained.

Reply 63

jkls92

20

Original post by Blue_Cow

Lloyds Banking Group announced that they will be moving to Berlin. HSBC to Paris Barclays is going to make their HQ in Dublin (and planning to expand their current ops there) Standard Charter is looking at Berlin OR Dublin Goldman Sachs is planning to make Frankfurt their base, moving 1,000 employees with them J.P. Morgan is planning to move to Dublin moving 4,000 employees with them Morgan Stanley is planning to move to Dublin OR Frankfurt However, for the sake of balance, a few US Banks and also Deutsche Bank is planning to stay.

Deutsche already has a major European presence in Germany so they can afford to live things as they are in London. All this is very preliminary, if they won't be allowed to provide investment banking services to European customers, all the important jobs will go. Obviously it depends on the negotiations, hard v soft brexit (or breversal) and possible loopholes in treaties and international bank regulation.

(edited 6 years ago)

Reply 64

jkls92

20

Original post by John1999

All of these banks are not leaving their operations in the UK but are simply moving their EU headquarters to other EU countries (as you would expect since we will no longer be in the EU). Some jobs will be lost but others will be gained.

With hard brexit they would be lost. It's not even jobs that matter, it's wealth produced (the two are related but it's important to notice that if banks operate from Frankfurt/Paris instead of London, that's lost GDP, regardless of the fact that, as often happens in london, the Germany/France coverage role would have been given to a German/French and not to a Briton).

OP

Original post by oShahpo

Do you have no concern for the economic impact a hard Brexit is going to have on London and the UK? We will have no passporting rights to sell financial services to the EU any more, which is a major component of our GDP. It will also mean banks and financial institutions will flee the country like they're already doing. http://www.cityam.com/257302/ubs-have-move-bankers-out-london-because-brexit

Do you have no concern for the rest of our industries that rely heavily on EU immigrants? Industries like tech, science and academia employ a high percentage of Europeans. Even if you say EU academics are allowed to come and work here, what makes you think they will want to come to our GDP-sunken Brexitland?

Do you agree with Theresa May's proposals to ban encryption? This would eventually mean that your bank details, chat history and many more things can be easily hacked. Add to that the silly proposal to require porn websites to ask for bank details and you have a credit card theft bonanza.

A hard brexit will negatively effect London but this will be offset by the fact that UK corporation tax is lower than most European countries encouraging businesses to remain here. Banks will want to set up their EU headquarters in other European countries since we will be no longer part of the EU but due to having existing infrastructure and trained employees in the UK they will still contribute much to the UK economy.

Once we leave the EU we will be able to select the best immigrants across the whole world just like Australia does which may include many existing immigrants. As the UK has some of the best academic institutions in the world with great reputations they will still likely want to come here.

Yes I do agree with banning end to end encryption as it is Important in preventing terrorists from communicating with each other using WhatsApp.

Reply 67

999tigger

19

Heh you are going to be proper buggered if the UK is blocked from the single market. You dont care though. You will when the economy ctashes. Its already the slowest growing in the G20.

Good man.

No such thing as a 'hard' Brexit, there is only Brexit.

Reply 70

Terry Tibbs

19

What do you think about the irony of voting conservatives yet also voting to **** up our economy?

Reply 71

User10001

Original post by John1999

AMA

Funny that this thread pops up just at the same time as my new thread Conservatism is the new Counterculture.

Posted from TSR Mobile

Reply 72

John1999

OP

Original post by User10001

Funny that this thread pops up just at the same time as my new thread Conservatism is the new Counterculture.

Posted from TSR Mobile

The name of your thread is correct!

Reply 73

John1999

OP

Original post by Terry Tibbs

What do you think about the irony of voting conservatives yet also voting to **** up our economy?

There will be negative effects in the short term but in the long term with trade deals with new emerging economies the UK will be better economically than the EU which is an area of slow stagnant growth. The Jeremy Corbyn led labour party also supports leaving the single market along with a range of policies that would cost huge amounts of money and lead to more borrowing and higher taxes that would worsen the UK economy. This would really **** up the UK economy.

Reply 74

John1999

OP

Original post by meenu89

No such thing as a 'hard' Brexit, there is only Brexit.

True but it helps remainers understand brexit better!

Reply 75

John1999

OP

Original post by 999tigger

Heh you are going to be proper buggered if the UK is blocked from the single market. You dont care though. You will when the economy ctashes. Its already the slowest growing in the G20.

...and the EU contains many very poor countries with areas of slow growth too. We will still be able to make trade deals with the EU who need us as trading partners as well as making our own trade deals with countries that have fast growing economies. If we were already the slowest growing economy in the G20 before then we were clearly not succeeding inside the EU.

Reply 76

999tigger

19

Original post by John1999

...and the EU contains many very poor countries with areas of slow growth too. We will still be able to make trade deals with the EU who need us as trading partners as well as making our own trade deals with countries that have fast growing economies. If we were already the slowest growing economy in the G20 before then we were clearly not succeeding inside the EU.

Since Brexit. We were the fastest before.

You obviously dont understand much about financial services and thats why jobs are already leaving the City and being relocated in Ireland France and Germany.

Financial services are different than just selling widgets.

Reply 77

John1999

OP

Original post by 999tigger

Since Brexit. We were the fastest before.

You obviously dont understand much about financial services and thats why jobs are already leaving the City and being relocated in Ireland France and Germany.

Financial services are different than just selling widgets.

Alright, the UK financial services sector may suffer in the short to medium term but in the long term with new trade deals with emerging economies, the UK will surpass the EU countries in terms of economic wealth. The EU is an area of low growth and stagnant economies as a whole and as poorer countries such as Montenegro, Serbia, Bosnia etc. are set to join the EU will only get poorer being saddled with these economies. The EU has also been slow to make trade deals with new emerging economies too so we will be ahead of the curve. There is more to an economy than the finance sector and more to brexit than the economy.