[Merged]Brexit stuff

[AtW]

Don't you dare merging my specially crafted threads into this pit

[LondonManc]

5% loss because of Brexit?

What a joke. The investment banking market has been shifting for years with vast offshoring attempts that keep failing. One bank could offshore 30% of its City presence this year then bring most of that back a year later after yet another failed attempt to do the work with cheaper, clueless staff.

A lot of IB work is moving to hedge funds, so there's natural shrinkage anyway. Yet again Brexit will be used as an excuse and a headline figure to those that aren't aware of what's going on.

[Old Greg]

Odd isn't it that a failing Business model, propped up by the Tax payer gets to say how to stuff their customers even more. Bet they can't make it pay even then.

RBS loses £2B

Brexit is the gift that keeps on giving. The value of that loss in USD terms is now reduced!

[sirja]

Seems defense investment is going to be impacted by 'Brexit'

Ministry of Defence 'facing extra £700m costs post Brexit' - BBC News

Time to recall Dads Army?

[The Spartan]

Seems defense investment is going to be impacted by 'Brexit'

Ministry of Defence 'facing extra £700m costs post Brexit' - BBC News

Time to recall Dads Army?

£700 million, considering £30 billion+ was spent on the wars in Afghanistan and Iraq maybe it is about time that things are cut back.

[DimPrawn]

For all the miserble old Bremoaners here

http://reports.helpage.org/global-ag...ght-report.pdf

AssCretin, time to Brexit yourself before you pop your miserable clogs.

[AtW]

Cutting corporation tax will make Theresa May's Brexit talks 'more difficult'

Cutting corporation tax will make Theresa May's Brexit talks 'more difficult', European leaders warn

Theresa May's Brexit negotiations with the European Union will be "more difficult" if she cuts corporation tax, European leaders have warned.

Stefan Loefven, the Swedish Prime Minister, said that any "aggressive" tax cuts by Britain will damage relations with the European Union.

It comes as Philip Hammond, the Chancellor, prepares to "reset" Britain's fiscal policy in his Autumn Statement by cutting taxes and borrowing to invest in infrastructure.

Mr Loefven said that Brexit "shouldn’t take longer than necessary" but also suggested that Mrs May is entitled to wait until beginning the formal process of exiting the European Union.

Cutting corporation tax will make Theresa May's Brexit talks 'more difficult', European leaders warn

[jamesbrown]

So, another 5% as a "thank you for your input, now feck off"?

[AtW]

No, we'll see no more cuts to Corp Tax with excuse that it would make Brexit talks harder - pretty amazing given that UK is supposedly leaving EU and can decide whatever the tax rates it wishes.

[CretinWatcher]

Can see where this is going - low tax, low wage economy.
It may be that Brexit is good for the rich who voted against it and bad for the poor who voted for.
What an excellent cosmic joke.