UBS Rate Cut

[GB9]

They won't have breached. What they will have done is issued a termination as per the contract and offered a new contract on the new terms.

As for walking out, fully agree on that score. Only happened to me twice in 20 years. Left both times and both times was back on a higher rate within 3 months.

I didn't walk out, but what I did do was just carry on, say nothing and leave on the date set out in the agency termination. Both times I got calls the following week asking where I was. When I pointed out to the client that they had terminated my contract, the response both times was 'But you were meant to take the rate cut, you weren't meant to leave'.

Exactly this.

Done it myself. People very high up think an across the board cut is a good idea. People further down have to manage it. I left at the end of the notice period I was given. Was told I was leaving them in the lurch. I pointed out that they started it.

[SandyD]

UBS boss Andrea Orcel says jobs could be moved from London after Brexit | Business News | News | The Independent

[LondonManc]

UBS boss Andrea Orcel says jobs could be moved from London after Brexit | Business News | News | The Independent

"At the end of the day they would like to import wealthy people who spend, who earn, who create jobs for their economies into their own centres", said Orcel.

Import wealthy people?

[uk contractor]

Passporting is 99.9% likely to stay post EU exit too much big money caught up in London financial services. Germany would take a massive financial hit overnight if Passporting was not allowed to remain. All the unelected EU politicians who do not matter are unaware of how much impact Passporting would have if they decide to disrupt it just to punish UK for leaving EU!

Merkel knows the impact she will not allow it to affect German finances so its unlikely to change!!

[darmstadt]

Passporting is 99.9% likely to stay post EU exit too much big money caught up in London financial services. Germany would take a massive financial hit overnight if Passporting was not allowed to remain. All the unelected EU politicians who do not matter are unaware of how much impact Passporting would have if they decide to disrupt it just to punish UK for leaving EU!

Merkel knows the impact she will not allow it to affect German finances so its unlikely to change!!

Alternatively they just move all their departments which deal with the Eurozone to the Eurozone, ever considered that?

[uk contractor]

Alternatively they just move all their departments which deal with the Eurozone to the Eurozone, ever considered that?

Ever considered UK is by far the most stable country in the EU or out of EU right now........

[stek]

Ever considered UK is by far the most stable country in the EU or out of EU right now........

Not really, cos it isn't....

[GB9]

Alternatively they just move all their departments which deal with the Eurozone to the Eurozone, ever considered that?

They may do what the other lot are proposing. Move a small number of passport in people into EUroland and leave everyone else as is. Think it was DB proposing that.

[oliverson]

Not really, cos it isn't....

Yes it is.

[darmstadt]

Yes it is.

Not at the moment it isn't and won't be for a while...