Loving the new World Order

[tomtomagain]

Think we're due the Bank of Englands economic forecast today.

I'm sure it will be revised up. This will be accompanied along with the phrase "In spite of BREXIT" and a warning that it may fall in the future because of uncertainty.

[sasguru]

Think we're due the Bank of Englands economic forecast today.

I'm sure it will be revised up. This will be accompanied along with the phrase "In spite of BREXIT" and a warning that it may fall in the future because of uncertainty.

3 points.

1. QE was restarted in June
2. At the same time the interest rate was cut from 0.5 to 0.25
3. Brexit hasn't happened yet.

[tomtomagain]

3 points.

1. QE was restarted in June
2. At the same time the interest rate was cut from 0.5 to 0.25
3. Brexit hasn't happened yet.

So your point is is that a sovereign government can take actions to help an economy?

[BlasterBates]

Many banks were "right-sizing" their bloated London centres before Brexit was even mentioned. Top men brought in cannot increase revenue so have to hack away at costs to drive up profits/pay for fines.

Rightsizing means moving or reducing staff in some areas and expanding in others. The key to economic success is not to prevent jobs disappearing but generate more jobs than are lost.

Goldman Sachs cancels plans to move jobs to Britain

Jobs that wouldn't have been lost will now be lost as the banks move their operations.

[LondonManc]

Rightsizing means moving or reducing staff in some areas and expanding in others. The key to economic success is not to prevent jobs disappearing but generate more jobs than are lost.

Goldman Sachs cancels plans to move jobs to Britain

Jobs that wouldn't have been lost will now be lost as the banks move their operations.

I think you'll find that companies are using Brexit (that hasn't happened yet) as an excuse to not spend money. It means that decisions can be hidden by Brexit instead of actually being in light of bad results (which again are the fault of the referendum).

[BlasterBates]

I think you'll find that companies are using Brexit (that hasn't happened yet) as an excuse to not spend money. It means that decisions can be hidden by Brexit instead of actually being in light of bad results (which again are the fault of the referendum).

So how is a decision not to bring staff over to the UK and actually move staff to the US not related to Brexit?

The "rightsizing" decision here was to consolidate into the UK, meaning jobs and that has now been changed resulting a net loss of jobs.

Companies have been "rightsizing" since the 1980's. It's not an explanation of job losses.

[LondonManc]

So how is a decision not to bring staff over to the UK and actually move staff to the US not related to Brexit?

The "rightsizing" decision here was to consolidate into the UK, meaning jobs and that has now been changed resulting a net loss of jobs.

Companies have been "rightsizing" since the 1980's. It's not an explanation of job losses.

Right-sizing is a newspaper-friendly term for offshoring. "We're rightsizing our London base" sounds much better than "We're replacing 2000 UK employees with Indians in Pune".

[BlasterBates]

Right-sizing is a newspaper-friendly term for offshoring. "We're rightsizing our London base" sounds much better than "We're replacing 2000 UK employees with Indians in Pune".

The FT was not referring to "Tape Changers" desperately hanging on to their outdated skills, it referred to highly qualified investment bankers, whose jobs will be either moving to New York, Frankfurt or Paris.

[BlasterBates]

Goldman Sachs warns British government

I've no doubt that the government will take a pigheaded attitude to the banks argung they would have left anyway

[Mordac]

Interesting you wish a collapse of an organisation that has brought about and maintained peace in Europe. Probably the most peaceful continent on the planet.

We really are a twisted little war mongering species aren't we?

That would be NATO, and it's staying put. HTHBIDI.