Reply to: First brexit bankruptcies and redundancies

[VectraMan]

Alan Johnson was always too New Labour for my tastes, but he's not a bad politician.

I always thought he was the least bad of that lot. I'm not a leftie but Alan Johnson vs. Boris may make me think.

[SlipTheJab]

I've heard Suity has lost his job.

So its business as usual then

[MarkT]

I see the knee-jerk panicky fluster-monkeys are out in force this morning.

So....will be be knee-jerk if you or yours lose your job because of this?

[MrMarkyMark]

How many other jobs in the economy would these 2000 jobs be supporting?

Probably plenty in the black economy

[Old Greg]

How many other jobs in the economy would these 2000 jobs be supporting?

[MrMarkyMark]

and W(outside of London)GAF?

Plus it's their Euro clearing house so nothing to do with their Global banking empire.

+Planned for a while anyway.

[NigelJK]

and W(outside of London)GAF?

Plus it's their Euro clearing house so nothing to do with their Global banking empire.

[diseasex]

Sources within Morgan Stanley say it has already begun the process of moving about 2,000 of its London-based investment banking staff to Dublin or Frankfurt. And it has a taskforce in place.

The jobs which would be moved from the UK would be in euro clearing but also other investment banking functions and senior management.

The American investment bank needs to avail of the passporting system which allows banks to offer financial services in all countries in the EU without having to establish a permanent base in that member state.

The president of Morgan Stanley, Colm Kelleher, told Bloomberg two days ago that Brexit would be “the most consequential thing that we’ve ever seen since the war”.

...

[AtW]

Alan Johnson was always too New Labour for my tastes, but he's not a bad politician.

Very likely future leader

[Old Greg]

But only if liebour can field a decent candidate, which hardly seems likely unless they put Frank Field or Gisela Stewart up for leader.

Alan Johnson was always too New Labour for my tastes, but he's not a bad politician.

[AtW]

Did you sell your dollars in the end ?

Nope! Still holding onto them - might keep for a few months as GBP did not fall that much YET

[tomtomagain]

Every time a job is lost between now and the "separation" there will be a wail that it is all the fault of BREXIT.

Every time a job is created nothing will be mentioned.

It's just the way the media works. They love a good drama.

[GB9]

OK I'll bite.

1) Linky or it didn't happen (not too fussed if it actually did though).
2) Sounds like a fantastic UK Company! Really good ethics, we'll trade with you (UK company) but only if [something outside of your control happens] - If not, we'll pursue cheap labour elsewhere. It's not Dyson is it?

He was on the radio earlier. Was only £250k. And now subject to a September Board meeting.

[BrilloPad]

So the Poles who aren't embedded in the UK* will leave.

I guess Brexiters have got what they wanted.

*Those without British partners.

For years people's concerns on immigration have been ignored. Often they have been accused of racism(sometimes fairly, sometimes not).

Its a small island. If it was decided that there would be a program of building housing and infrastructure to cope with the influx then people may feel differently.

[rl4engc]

I read on another forum someone who runs an engineering business saying that his company had a £1m order waiting on the referendum result. The client had been completely honest: Remain and the facility gets built in Britain; Leave and it's Poland. That's not just his business but other suppliers from the area and the long term jobs created by the investment.

OK I'll bite.

1) Linky or it didn't happen (not too fussed if it actually did though).
2) Sounds like a fantastic UK Company! Really good ethics, we'll trade with you (UK company) but only if [something outside of your control happens] - If not, we'll pursue cheap labour elsewhere. It's not Dyson is it?