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Brexit the positive thread


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The old Irish adage " If going there -you dont want to start here" is perhaps true.

BUT we are here and Mrs May has said she is going to make Brexit work and told he cabinet " We're all Brexiters now".

In fact we are all Brexiters even if we didnt want to be so lets have some good news and in the immortal words of Monty Python " Always look on the bright side of life"

Its just been announced on the news that tourism to the UK has been boosted by increased visitors from abroad and also from more people choosing to stay at home.

Ineos Chemicals are moving back to the UK and are going to start up a production line of an improved Land Rover Defender in the North East.

Anything else? KEEP IT POSITIVE!

Ron Banks

Midlands Hurricanes and Barrow

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Whether you agree with selling British business to foreign investors or not the sale of ARM to Softbank, coupled with their promise to invest further and expand the workforce, suggests that not everyone is worried about the future of our economy. More so when its a company that sells globally like ARM.

St.Helens - The Home of record breaking Rugby Champions

 

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The Aussies seem very keen on agreeing a trade deal with the UK, which hopefully means lots of cheap, high quality Aussie wine.

 

I haven't seen a picture or story about Farage on the news sites for well over a week now. That's got to be considered a positive.

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Whether you agree with selling British business to foreign investors or not the sale of ARM to Softbank, coupled with their promise to invest further and expand the workforce, suggests that not everyone is worried about the future of our economy. More so when its a company that sells globally like ARM.

 

I've worked for ARM for ~20 years, so probably best if I don't comment, but it was interesting to see the media operating close-up yesterday. Hard to find a paper or tv story about the deal that didn't have at least one error of fact.

 

I'd guess a large proportion of that expanded workforce will be people moving to the UK from other countries - both EU and non-EU.

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Wells Fargo is going ahead and buying an office block in London regardless of Brexit: http://www.bbc.co.uk/news/business-36826974

 

Although still a bit wobbly, the £ seems to be making steady headway as does the FTSE 250.

 

Well that should also result in a massive boost to the stage coach industry in the UK. Great news

 

san-diego.jpg

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I've worked for ARM for ~20 years, so probably best if I don't comment, but it was interesting to see the media operating close-up yesterday. Hard to find a paper or tv story about the deal that didn't have at least one error of fact.

 

I'd guess a large proportion of that expanded workforce will be people moving to the UK from other countries - both EU and non-EU.

It must be good to know that your company is still seen as a good long term investment and will offer relatively good job security.

 

I must admit that up until yesterday I'd never heard of ARM but given the nature of the business I'm guessing that even if the expanded workforce includes a large portion of staff brought in from overseas they will be mostly highly skilled and/or well educated who will contribute significantly to the local & national economy rather then unskilled, minimum wage staff.

St.Helens - The Home of record breaking Rugby Champions

 

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"Wall Street’s biggest banks have issued a resounding vote of confidence in London as one of the “most attractive places in the world to do business” after Brexit.

Despite ploughing £1.5million into the Remain campaign, banks including Goldman Sachs, Morgan Stanley and JP Morgan have pledged to ensure the City of London remains the world’s dominant financial centre after the UK voted to leave the EU.​

In a joint statement with the chancellor, the investment banks said while Brexit “clearly presents economic challenges”, they are committed to enduring Britain “remains one of the most attractive places in the world to do business”.  The Wall Street giants, including Standard Chartered and Citigroup and Bank of America Merrill Lynch, praised the City of London as a good place to do business with its “brilliant workforce”, “stable legal system”, “world class regulators” and “deep liquid capital markets unmatched anywhere else in Europe”.

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Measured in sterling, I am at least 10% wealthier than a few weeks ago and perhaps about 15% wealthier than I would have been had the vote gone the other way.

 

I also found I was an Irish citizen, so many of the potential issues will not affect me.

 

Having only two major voice in the regulations affecting Europe should ease decision making.

 

House prices in the UK appear to be dropping slightly with the uncertainty.

 

Despite deciding to leave the EU, there were reassurances that the Government would at least match the subsidies to landowners, leaving many large landowners unaffected.

 

The Government are going to spend an extra 350M a week on the NHS.

"You clearly have never met Bob8 then, he's like a veritable Bryan Ferry of RL." - Johnoco 19 Jul 2014

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Measured in sterling, I am at least 10% wealthier than a few weeks ago and perhaps about 15% wealthier than I would have been had the vote gone the other way.

 

I also found I was an Irish citizen, so many of the potential issues will not affect me.

 

Having only two major voice in the regulations affecting Europe should ease decision making.

 

House prices in the UK appear to be dropping slightly with the uncertainty.

 

Despite deciding to leave the EU, there were reassurances that the Government would at least match the subsidies to landowners, leaving many large landowners unaffected.

 

The Government are going to spend an extra 350M a week on the NHS.

perhaps you should start your own comparison thread, how your "NEW" country of convenience compares to us goitaloners :P

Caught by a feckin speed camera. try these I did and it saved me a heap o money and penalty points.

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perhaps you should start your own comparison thread, how your "NEW" country of convenience compares to us goitaloners :P

Funnily enough, the most enthusiastic supporter of Leave whom I know is an anglo-phile Dane in Copenhagen with a Polish girlfriend.

"You clearly have never met Bob8 then, he's like a veritable Bryan Ferry of RL." - Johnoco 19 Jul 2014

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We no longer have to worry that we will not keep immigration under the target figure!

http://www.telegraph.co.uk/news/2016/07/19/amber-rudd-and-boris-johnson-signal-that-net-migration-target-ha/

Totally ludicrous manifesto pledge by Cameron & Co, glad its gone.

The number of migrants was never the problem, its the 'make up' of their skills that's the real issue. Currently that sits at around 60% skilled (positive contributors to our economy) and 40% unskilled (negative contributors), so redressing this balance should be their main priority.

If we still have numbers at 335K a year it wont matter if it was say a 90% / 10% split. That wont drive down wages, it would reduce the burden on the welfare state and help our economy to grow.

St.Helens - The Home of record breaking Rugby Champions

 

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Whether you agree with selling British business to foreign investors or not the sale of ARM to Softbank, coupled with their promise to invest further and expand the workforce, suggests that not everyone is worried about the future of our economy. More so when its a company that sells globally like ARM.

 

The founder of ARM called it a sad day for Britain. But hey, let's keep positive. just like we do when the government that gets voted in isn't the one we agree with! Happy thoughts and keep taking the medication!

"I am the avenging angel; I come with wings unfurled, I come with claws extended from halfway round the world. I am the God Almighty, I am the howling wind. I care not for your family; I care not for your kin. I come in search of terror, though terror is my own; I come in search of vengeance for crimes and crimes unknown. I care not for your children, I care not for your wives, I care not for your country, I care not for your lives." - (c) Jim Boyes - "The Avenging Angel"

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Our new Secretary of State for International Trade should be very happy with this arrangement knowing how fond he is of having friends round for a sleepover: Boris Johnson forced to share mansion with Liam Fox and David Davis  :wacko:

"it is a well known fact that those people who most want to rule people are, ipso facto, those least suited to do it."

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As of 20/7/16

 

"Evidence that the UK economy has so far withstood the shock of Brexit has been provided by a Bank of England report that shows no general slowing in activity since the referendum."

 

/www.theguardian.com/business/2016/jul/20/bank-of-england-agents-report-business-as-usual-after-brexit-eu-referendum

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Part of a very long article from The Telegraph -

 

"Dear Start-Up Companies", Keep Calm and Move to Berlin" read the signs touring London last week. Paid for by Germany’s Democratic Party, with a rare flourish of Teutonic humour, they were a not very subtle way of making the point that after leaving the European Union, Britain, and London in particular, would be a far less friendly place for entrepreneurs.

 

But hold on. In the couple of weeks after the referendum, the number of new businesses registered by Europeans in the UK actually went up, not down.

True, we shouldn’t read too much into figures for a few weeks.  And yet,  there are good reasons for thinking the UK outside the EU will more attractive to entrepreneurs not less . The UK is already home to 40pc of Europe’s unicorns – defined as tech start-up companies worth $1bn or more – even though we have only slightly over 10pc of the continent’s population. On any measure you care to look at, the UK is now the most entrepreneurial of all the major developed economies. We have even overtaken America.  Company Warehouse, a business formation agent, has crunched the numbers for new registrations since the vote, looking at a decent sample size of 4,700 new entities.

It found that in the week after the vote, 13pc of directors starting new businesses in the UK were from another EU country. That compared with 11.5pc in the previous six months.

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Part of a very long article from The Telegraph -

 

"Dear Start-Up Companies", Keep Calm and Move to Berlin" read the signs touring London last week. Paid for by Germany’s Democratic Party, with a rare flourish of Teutonic humour, they were a not very subtle way of making the point that after leaving the European Union, Britain, and London in particular, would be a far less friendly place for entrepreneurs.

 

But hold on. In the couple of weeks after the referendum, the number of new businesses registered by Europeans in the UK actually went up, not down.

True, we shouldn’t read too much into figures for a few weeks.  And yet,  there are good reasons for thinking the UK outside the EU will more attractive to entrepreneurs not less . The UK is already home to 40pc of Europe’s unicorns – defined as tech start-up companies worth $1bn or more – even though we have only slightly over 10pc of the continent’s population. On any measure you care to look at, the UK is now the most entrepreneurial of all the major developed economies. We have even overtaken America.  Company Warehouse, a business formation agent, has crunched the numbers for new registrations since the vote, looking at a decent sample size of 4,700 new entities.

It found that in the week after the vote, 13pc of directors starting new businesses in the UK were from another EU country. That compared with 11.5pc in the previous six months.

Before he left Osborne promised to lower standard Corporation tax to 15% (it was originally only planned to come down to 17% by 2020). If Hammond follows through with this the it will make the UK an even more attractive place to do business as only Ireland will have a lower rate anywhere in Europe.

St.Helens - The Home of record breaking Rugby Champions

 

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Our new Secretary of State for International Trade should be very happy with this arrangement knowing how fond he is of having friends round for a sleepover: Boris Johnson forced to share mansion with Liam Fox and David Davis  :wacko:

 

At least he won't have to worry about giving them access to MoD documents or attending meetings with foreign leaders, as they presumably have security clearance, unlike his other friend.

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The founder of ARM called it a sad day for Britain.

 

He's an Austrian, and came here to do Physics research at Cambridge. No place for people like him in our universities today :-)

 

FWIW, I think he's wrong. FTSE-100 companies are typically owned by US, British, European and Asian banks & pension funds; they're not (in general) some kind of national asset that has to be saved from foreigners.  

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