London post-brexit as a financial center

i think after Brexit, Wales, England and Scotland should be kicked out of the 6 Nations tournament. Give France a chance again !
Not sure what will happen to the Irish team, they seem to use northern ireland players as well.
To make it fair we could than kick the Italians because of their budget deficit.
I think Scotland should be kicked out of the UK asap. Wales too. Northern Ireland as well. All are economic parasites on England.
 
Japanese car makers pulling out is really going to hurt. Not just the jobs lost directly but indirectly as well.
I'm curious what Ford Europe will do next.
I hope they all go. UK taxpayers are sick and tired of having to subside these economic zombies who need govt (uk or EU) support in order to function.
 
I hope they all go. UK taxpayers are sick and tired of having to subside these economic zombies who need govt (uk or EU) support in order to function.

Do you have any proof that they are a net economic drain on the economy? All those thousands of unemployed are certainly going to be a real tax benefit.
 
CEO says nothing to do with Brexit, would have closed factory even if the UK remained in the EU. Moving factory to Asia not the EU. Demand for Honda cars in the UK is not much, expects sales in Asia to increase, hence the move.

However Romanian guy who cleans the toilets at the plant, when asked, says it was Brexit.

So there u are. It was due to Brexit lol.

You don't seem to understand that Honda UK doesn't mainly make cars for the UK. Most of the output is headed to EU countries. Or did you think the 160,000 Civics they make all are for the UK?

You literally made up the fact about the "Romanian guy who cleans the toilets". Swindon having very few immigrants, ironically.
But hey, when you can lie to make a point, why not, right?

But you're right that Brexit isn't the main reason, it's Japan/EU trade deal. As a result the EU loses nothing (Honda prices will be similar due to the trade deal). Brits will have more expensive vehicles due to import taxes.
 
Barclays Brexit

Barclays, which is back in the black, has taken a special impairment charge of nearly $200 million to deal with Brexit—but it's not going anywhere. "There is a lot of uncertainty out there," said CEO Jes Staley. "What is important for Barclays is we are a British bank and we are staying committed to the U.K." CNBC
 
Irish Opportunity

Ireland is these days the EU's fastest-growing economy, and has become an attractive destination for jobs that are leaving Britain thanks to Brexit. And, as Richard Mogran writes for Fortune: "The ascent of Ireland as a global player and the subtle shift in power between it and the U.K. isn't going over well with some in Britain—namely, the Brexit supporters who remain in Parliament." Fortune
 
You don't seem to understand that Honda UK doesn't mainly make cars for the UK. Most of the output is headed to EU countries. Or did you think the 160,000 Civics they make all are for the UK?
Even if that was true, they are not building their new factory in the EU, but in Asia.
 
Irish Opportunity

Ireland is these days the EU's fastest-growing economy, and has become an attractive destination for jobs that are leaving Britain thanks to Brexit. And, as Richard Mogran writes for Fortune: "The ascent of Ireland as a global player and the subtle shift in power between it and the U.K. isn't going over well with some in Britain—namely, the Brexit supporters who remain in Parliament." Fortune

LOL, UK GDP is about ten times Ireland's.
 
But you're right that Brexit isn't the main reason, it's Japan/EU trade deal. As a result the EU loses nothing (Honda prices will be similar due to the trade deal). Brits will have more expensive vehicles due to import taxes.
Honda does not sell that many cars here compared to other manufacturers. Its biggest market is the US.

After Brexit, we can choose whether or not to impose tariffs. The best policy, imo, would be the unilateral free trade i.e. no tariffs and no restrictions on our side. The EU of course will not like this. The UK is the largest export market for the EU-27. They would have to compete in this market with every other country in the world. Quite simply they could be priced out for much of their products.
 
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