FabSwingers.com forum: New Lib dem MP radio interview

By *entaur_UK OP Man
over a year ago

Cannock

So it appears the new Liberal Democrat MP for Richmond Sarah Olney can't handle difficult questions during a radio interview, lol. On a TalkRadio interview with Julia Hartley Brewer, Sarah Olney cut the interview short and got one of her Lib dem lackeys to say the interview was over, rather than face the music and answer questions for the duration of the time the interview was booked for. If she can't even handle a simple radio interview what hope has she got of debating difficult matters in Parliament? Is this woman really cut out to be an MP?

Listen to the interview here and make your own minds up.......

www.youtube.com/watch?v=Rn3vuKEgTbs

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By *LCCCouple
over a year ago

Cambridge

And if UKIP MP had been elected instead of a pro remain Lib Dem would you be so quick to put the boot in?

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By *mmabluTV/TS
over a year ago

upton wirral

She is a typical simple minded lib dem

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By *at69driveMan
over a year ago

Hertford

"And if UKIP MP had been elected instead of a pro remain Lib Dem would you be so quick to put the boot in?

OP, weren't you saying just the other day how much you dislike career politicians and how you wanted regular people to be MPs instead? Well she is a regular person, and now you're having a dig just because on day 1 she isn't as polished as the career politicians you hate. "
Surely she should have attempted to answer the question asked which concerned a second referendum and as she was so keen on one , whether there should be a second by election in her constituency .

She was lucky to have a clean run as there was no Conservative candidate contesting the election.

If she is so keen on a second referendum , maybe she should resign and see how she fares against a Conservative candidate .

She would then be practising what she preaches .

Walking out of an interview is hardly a good start..

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By (user no longer on site)
over a year ago

"So it appears the new Liberal Democrat MP for Richmond Sarah Olney can't handle difficult questions during a radio interview, lol. On a TalkRadio interview with Julia Hartley Brewer, Sarah Olney cut the interview short and got one of her Lib dem lackeys to say the interview was over, rather than face the music and answer questions for the duration of the time the interview was booked for. If she can't even handle a simple radio interview what hope has she got of debating difficult matters in Parliament? Is this woman really cut out to be an MP?

Listen to the interview here and make your own minds up.......

www.youtube.com/watch?v=Rn3vuKEgTbs"

Absolute classic!! Funny how the liberal "un" democrats dont like their "historic" vote being questioned

Well done Julia x

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By *entaur_UK OP Man
over a year ago

Cannock

"And if UKIP MP had been elected instead of a pro remain Lib Dem would you be so quick to put the boot in?

An elected Ukip MP would not have got into that difficulty in that interview because unlike the Lib dems, Ukip actually believe in democracy and accept the result of the EU referendum.

On your 2nd point about career politicians vs regular people becoming MP's, what i expect from all of them regardless is for them to do their job and answer questions, not run away with their tails between their legs the moment the going gets tough, which is what she did in this interview.

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By *ubble troubleCouple
over a year ago

Manchester

I'm a LibDem voter, I've not heard the interview but I think Sarah Olney should have made sure she was rock solid on all the plausible Brexiters scenarios.

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By *lik and PaulCouple
over a year ago

Flagrante

"And if UKIP MP had been elected instead of a pro remain Lib Dem would you be so quick to put the boot in?

I haven't heard the interview but if anyone puts themselves up for a job, knowing what that job entails, then they should be able to handle it.

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By (user no longer on site)
over a year ago

Her P R pulled her out of it . I think they panicked as she was out if her Depth !

Basically Julie Hartly Brewer said Brexiteers did know what they were voting for as Remain had said if we voted Brexit we would have to leave the free trade agreement .

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By *teveanddebsCouple
over a year ago

Norwich

The best bit was when she asked her when the next by-election would be as she didn't have over 50% of the eligible votes.

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By (user no longer on site)
over a year ago

"The best bit was when she asked her when the next by-election would be as she didn't have over 50% of the eligible votes.

Lol , mint ! I didn't here it all , Brilliant

I don't know much about Julie Hartly Brewer but I think she is a good interviewer

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By *0tt0nSu3Woman
over a year ago

London

Listen to the interview here and make your own minds up.......

www.youtube.com/watch?v=Rn3vuKEgTbs"

She only joined the party in 2015. She isn't a career politician. I think the person to blame is the media officer who allowed her to go on this interview without finding out if she had enough media training. I don't think he'll have his contact renewed.

A step learning curve for her. She'll survive. Most politicians have been through this experience. Hers was pretty public though.

I think they assumed that she was savvy as that Teather woman who won Brent. She obviously wasn't.

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By *an_WoodMan
over a year ago

Stafford

She'll live

Tories cynical no show in the by election backfired.

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By *andS66Couple
over a year ago

Derby

EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure....

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

"EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure...."

Tactical voting......not unheard of in areas such as Richmond where Labour are unlikely to win the seat, it's nothing new.

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By *ouple in LancashireCouple
over a year ago

in Lancashire

imagine the harrumphing and bluster had she punched another party member out..

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By (user no longer on site)
over a year ago

I don't think this result has much national meaning for the Party's ! It was a mini Brexit Referendum , and the Constituency were huge remainders anyway .

The Runway issue was rendered irrelevant as the Liberals were against it aswell !

I don't think the Conservatives were cynical at all !

They were been Lotal to Someone they didn't want to lose !

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By (user no longer on site)
over a year ago

Ahhhh

meant loyal !

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By *ouple in LancashireCouple
over a year ago

in Lancashire

"I don't think this result has much national meaning for the Party's ! It was a mini Brexit Referendum , and the Constituency were huge remainders anyway .

The Runway issue was rendered irrelevant as the Liberals were against it aswell !

I don't think the Conservatives were cynical at all !

They were been Lotal to Someone they didn't want to lose ! "

or more likely they knew that Goldsmith was having a strop and would be welcomed back with open arms..

oops..

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By (user no longer on site)
over a year ago

I don't think he can be knocked , he stood by his principals an got beat ! Fair play get up an start again

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

Let's not forget that the poor sod only has his £5mil annual trust fund income to fall back on.....how the hell will he find anything to do with his life?

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By *andS66Couple
over a year ago

Derby

"EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure....

Tactical voting......not unheard of in areas such as Richmond where Labour are unlikely to win the seat, it's nothing new."

That's my point-

On June 23rd Richmond had 70% vote for remain

By December, Lib-Dems, seen as the pro-remain party, won with less than 50% of the vote.

Hardly the 'resounding vote for remain' that the Lib-Dems claim it to be.

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By *0tt0nSu3Woman
over a year ago

London

"EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure....

Tactical voting......not unheard of in areas such as Richmond where Labour are unlikely to win the seat, it's nothing new.

That's my point-

On June 23rd Richmond had 70% vote for remain

By December, Lib-Dems, seen as the pro-remain party, won with less than 50% of the vote.

Hardly the 'resounding vote for remain' that the Lib-Dems claim it to be."

Look closer at the electorate. It's a stock broker belt. It's full of bankers and venture capitalists. Remember, Zac's daddy was one of them. They spoke alright.

They voted him out.

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By (user no longer on site)
over a year ago

"EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure....

Tactical voting......not unheard of in areas such as Richmond where Labour are unlikely to win the seat, it's nothing new.

That's my point-

On June 23rd Richmond had 70% vote for remain

By December, Lib-Dems, seen as the pro-remain party, won with less than 50% of the vote.

Hardly the 'resounding vote for remain' that the Lib-Dems claim it to be.

Look closer at the electorate. It's a stock broker belt. It's full of bankers and venture capitalists. Remember, Zac's daddy was one of them. They spoke alright.

They voted him out."

yes the good old bankers who want us to remain in the EU

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By *LCCCouple
over a year ago

Cambridge

"Let's not forget that the poor sod only has his £5mil annual trust fund income to fall back on.....how the hell will he find anything to do with his life?"

I could help him fill out an application for contribution based job seekers allowance

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By *oncupiscentTonyMan
over a year ago

Kent

Maybe Only just needs some more media training, preferably not from Godfrey Bloom though.

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By *andS66Couple
over a year ago

Derby

"EU Referendum - 72% voter turnout - 52% vote for Brexit

Richmond - 70% vote for remain

Richmond by-election - turned into 'Brexit Campaign' by Lib-Dems - 52% turnout - 49.7% voted for Lib-Dems.

Lib-Dems say EU referendum result is not clear cut, and should be re-run, yet claim Richmond By-election result is 'resounding victory' for remain.....

And to boot, Labour, who have 1,600 members in Richmond, plus 600 registered supporters, and whose candidate was pro-remain, only managed to get 1,515 votes....

Go figure....

Tactical voting......not unheard of in areas such as Richmond where Labour are unlikely to win the seat, it's nothing new.

That's my point-

On June 23rd Richmond had 70% vote for remain

By December, Lib-Dems, seen as the pro-remain party, won with less than 50% of the vote.

Hardly the 'resounding vote for remain' that the Lib-Dems claim it to be.

Look closer at the electorate. It's a stock broker belt. It's full of bankers and venture capitalists. Remember, Zac's daddy was one of them. They spoke alright.

They voted him out."

Look closer at the only issue that was campaigned on - membership of the EU.

Lib Dems put themselves up as the party of remain.

In June - 70% voted to remain.

In December - 49.7% voted Lib-Dem.

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By *abioMan
over a year ago

Newcastle and Gateshead

"imagine the harrumphing and bluster had she punched another party member out..

I thought exactly the same thing.... there was enough wagons circling on here where that happened.... and when they got caught with their hands in the cookie jar.... they went into deflecting mode....

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

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By (user no longer on site)
over a year ago

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all "

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

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By *entaur_UK OP Man
over a year ago

Cannock

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?"

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for?

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for? "

To maintain the status quo......simple as that

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By (user no longer on site)
over a year ago

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for?

To maintain the status quo......simple as that"

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

[Removed by poster at 05/12/16 19:33:45]

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

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By *obka3Couple
over a year ago

bournemouth

"I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

What about those who are losing out under the current system ?

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

"I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

What about those who are losing out under the current system ?"

Then they voted accordingly.....

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By (user no longer on site)
over a year ago

If anyone voted for the status quo then they didn't know what they were voting for. That was never an option

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

"If anyone voted for the status quo then they didn't know what they were voting for. That was never an option"

I voted to remain in the EU as it was on the day of the referendum, as in the status quo.....it's not my fault if you don't understand it.

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By (user no longer on site)
over a year ago

"If anyone voted for the status quo then they didn't know what they were voting for. That was never an option

I voted to remain in the EU as it was on the day of the referendum, as in the status quo.....it's not my fault if you don't understand it.

so you voted for one day of the same. Fair enough

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By *obka3Couple
over a year ago

bournemouth

"I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

What about those who are losing out under the current system ?

Then they voted accordingly....."

So you are happy for those who have lost out to keep losing out while you and those who have done well carry on

doing well, hardly the liberal caring vision that the remain voter likes to portray, dont you think that if those who have lost out so far keep losing out that their views and votes will become more and more extreme ?

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

That's all you can do.....no one knows what the future holds, I just made an informed choice.

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By *oo hotCouple
over a year ago

North West

"I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

What about those who are losing out under the current system ?"

Who is losing out and why?

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By *entaur_UK OP Man
over a year ago

Cannock

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for?

To maintain the status quo......simple as that"

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all?

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By *at69driveMan
over a year ago

Hertford

"I'm happy to maintain the status quo.....it's why I voted remain, to maintain the earning potential of me and mine, leading to a lovely early retirement.

What about those who are losing out under the current system ?

Who is losing out and why?"
The UK must be losing out as we pay in more than we get back. A lot of other member countries get back more than they pay in.

You would not keep running a businness at a loss so why should we subsidise other countries .

The open border policy is a disaster .

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By *asyukMan
over a year ago

West London

Wow. Same arguments.

Here's a thought. You use the internet. You pay to get internet access. Some pay more. Some are subsidised because they are poor but hopefully access will help them improve themselves. However, that's stupid. Why are you giving someone money for this service? Just stop paying for it and you can spend the money on food instead

Substitute tariff free trade for internet access and we're done.

The Lib Dems are amateurs. That's why they were eviscerated by the Tories in the last election. Doing what you believe is right wins you nothing anymore in politics. So not being great at an interview at a point of high emotion after winning a very significant by-election for your party isn't surprising.

A more polished politician would probably have said that they would have preferred to win under a different system and would work to change it. She isn't a polished politician though. She's an accountant who's gone into politics. She'll learn, or she won't, just like any job.

It's a Lib Dem win and an indication that a large percentage of the country did vote remain and has every right to have a solution to Brexit that works for them too. Do you disagree with this? Should only those who voted leave be listened to? Of them are the ones who want the hardest option the most important and most populous?

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By *entaur_UK OP Man
over a year ago

Cannock

"Wow. Same arguments.

Substitute tariff free trade for internet access and we're done.

What you are saying is "you pay to get tariff free trade". There in itself is the contradiction. It's not tariff free trade if you are paying for it.

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By *entaur_UK OP Man
over a year ago

Cannock

Yes it was a Lib dem win in Richmond but all it indicated was that Richmond is a largely pro Remain area of the country who already voted around 70% remain in the referendum. So really the by election in Richmond told us nothing that we didn't already know.

On your other point, yes the voters who voted Leave in the referendum are the ones who should be listened to the most because Leave won the referendum, pretty obvious really.

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By *andS66Couple
over a year ago

Derby

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for?

To maintain the status quo......simple as that"

No... it was to remain in a 'reformed EU'.... and that phrase, and the need for EU reform has been bandied about by remain MPs and others before, during and since the referendum...

Yet they all have different ideas of where the EU needs to be reformed.

So where's the reform plan?

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By *asyukMan
over a year ago

West London

There is a very big difference between a tariff where private companies are taxed on their individual trades, and a charge paid by the government.

You can't compare the two. Even if the arithmetic total were the same (when actually the EU levy would be substantially lower), the effect would be different.

I also did not ask if leave voters should be listened to more. We are leaving. Nobody has denied that. I asked if remain voters should be listened to for what their view of how the final agreement should work. Do you think almost half the population should be ignored?

There was no coherent remain plan just as there was no coherent leave plan. The only certainty was remain would have maintained the status quo which I thought and continue to think is better than faith in a complete unknown.

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By *an_WoodMan
over a year ago

Stafford

"imagine the harrumphing and bluster had she punched another party member out..

She stood in an area that voted remain... why would she not push forward her opinion

I have much more problems with what Julia hartley brewer said in that she said people who voted leave knew what they were voting for... I don't think that is nearly true at all

The Remain campaign said we should vote to stay in a reformed EU. What's that then?

Exactly, I've not heard one Remainer explain what a reformed EU looks like or even a plan for Reform? I don't think Remainers knew what they were voting for?

To maintain the status quo......simple as that

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all? "

I imagine the UK and Germany would have pushed for reform on easier trade in services. Less agricultural subsidies etc. More important is the hugh effort by leave side to deflect as real challenges from brexit come into focus and the lies on nhs funding are exposed.

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By *obka3Couple
over a year ago

bournemouth

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all?

So in your view what major challenges have arisen so far ? The pound has fallen but not by a damaging amount and most economists would say that it was overvalued apart from that most of the news has been good or neutral

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By *an_WoodMan
over a year ago

Stafford

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all?

Having boe pump in extra QE to fuel increased consumer debt whilst the city looks to decamp to the eurozone. Someones idea of economic miracle but not mine.

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By *at69driveMan
over a year ago

Hertford

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all?

Having boe pump in extra QE to fuel increased consumer debt whilst the city looks to decamp to the eurozone. Someones idea of economic miracle but not mine.

"
Why would any bank want to move abroad ?. It does not make sense .

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By *entaur_UK OP Man
over a year ago

Cannock

So the Remain campaign lied when they said they wanted a reformed EU then and you don't want to see any reform of the EU at all?

Having boe pump in extra QE to fuel increased consumer debt whilst the city looks to decamp to the eurozone. Someones idea of economic miracle but not mine.

UK exports have increased due to the lower value of the pound, tourism to the UK has also increased for the same reason. Plus despite all the apocalyptic predictions from Remain should the country vote leave consumer confidence remains high here, this year was was a record high spending year on Halloween.

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By *asyukMan
over a year ago

West London

Firstly; WE HAVE NOT LEFT YET!

Secondly; most of the figures coming through are based on decisions and orders pre-referendum except for domestic.consumer spending

Thirdly; Increased sales do not mean increased profit if costs have gone up

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By *asyukMan
over a year ago

West London

There's also no point in continuing to quote to what Osborne said. He was employing the standard scaremongering tactics that the Torys are fond of. It won them the election after all.

The pace and scale of disaster was obviously nonsense but the logic remains sound. I'm afraid that nobody has sketched out a process where Brexit helps the UK economy beyond fantastic trade deals on our terms...

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By *at69driveMan
over a year ago

Hertford

"Firstly; WE HAVE NOT LEFT YET!

Secondly; most of the figures coming through are based on decisions and orders pre-referendum except for domestic.consumer spending

Thirdly; Increased sales do not mean increased profit if costs have gone up

Next; Most international banks are located in the UK because it's a financial hub with access to Europe. Without access to that big market, there's no reason to stay here at anything like this scale. Why would they?"
Luckily the stock market attempts to factor in the impact of events such as Brexit and to date its performance has remained strong .

Jaguar are creating an extra 10, 000 jobs and some companies are moving their headquarters back to the UK.

Why would any bank want to move abroad .

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

The FTSE generally follows the NASDAQ and the Dow Jones, it's usually only the Nikkei that doesn't dictate the FTSE.

As both the NASDAQ and Dow have been soaring ahead for the last few months it should be no surprise that the FTSE is following their lead....

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay

And Jaguar haven't announced firm plans for jobs at all, they merely suggested that should the government invest in infrastructure, both in road and rail, around their manufacturing base then they COULD invisage creating up to 10,000 new jobs over the next Five to Seven years.....since Nissan had an undertaking from the government regarding infrastructure others are asking for the same assurances from Theresa May

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By *at69driveMan
over a year ago

Hertford

"The FTSE generally follows the NASDAQ and the Dow Jones, it's usually only the Nikkei that doesn't dictate the FTSE.

As both the NASDAQ and Dow have been soaring ahead for the last few months it should be no surprise that the FTSE is following their lead...."
However if the impact of Brexit was considered to be detrimental shares in UK companies would have fallen. This is not the case to date ..

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By *asyukMan
over a year ago

West London

Share values aren't based on their prospects in 2 years time. The longest horizon forest trades is the next financial quarter.

Pension and insurance companies may hold shares for longer, but that doesn't change share prices as this isn't trading. They make their money from dividends.

I have said why banks would leave the UK. I could say it again but I'd get bored...

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By (user no longer on site)
over a year ago

"Firstly; WE HAVE NOT LEFT YET!

Secondly; most of the figures coming through are based on decisions and orders pre-referendum except for domestic.consumer spending

Thirdly; Increased sales do not mean increased profit if costs have gone up

Because,

1 - Scale

banks benefit from being close to one another.

2 - Cost

Investment in buildings, infrastructure and people already made would be thrown away and repeated elsewhere, too expensive.

3 - Rule of law

and regulatory frameworks and tax neutrality and double tax agreements etc.

4 - Culture

don't underestimate the power of language when it comes to location decisions.

I am sure there are many more reasons but it gets boring.

Yes jobs will go but they will more than likely be replaced but the banks will stay

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By *teveanddebsCouple
over a year ago

Norwich

London was a financial centre long before we joined the common market.

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By *abioMan
over a year ago

Newcastle and Gateshead

"The FTSE generally follows the NASDAQ and the Dow Jones, it's usually only the Nikkei that doesn't dictate the FTSE.

As both the NASDAQ and Dow have been soaring ahead for the last few months it should be no surprise that the FTSE is following their lead.... However if the impact of Brexit was considered to be detrimental shares in UK companies would have fallen. This is not the case to date .."

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By *at69driveMan
over a year ago

Hertford

"The FTSE generally follows the NASDAQ and the Dow Jones, it's usually only the Nikkei that doesn't dictate the FTSE.

Pat.....almost all of the company's on the FTSE 100 report their figures in US dollars.... so actually it the fact the pound has tanked that has helped because the profits look bigger than they would have done "
True and thanks for the information but any currency gains will have been discounted because the share price will largely be dependent on future prospects .

Whilst alternative opinions are always interesting , I rely on my information from two specialist publications which are published weekly and analyse the reported results of companies .

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By *entaur_UK OP Man
over a year ago

Cannock

"Firstly; WE HAVE NOT LEFT YET!

Secondly; most of the figures coming through are based on decisions and orders pre-referendum except for domestic.consumer spending

Thirdly; Increased sales do not mean increased profit if costs have gone up

Because,

1 - Scale

banks benefit from being close to one another.

2 - Cost

Investment in buildings, infrastructure and people already made would be thrown away and repeated elsewhere, too expensive.

3 - Rule of law

and regulatory frameworks and tax neutrality and double tax agreements etc.

4 - Culture

don't underestimate the power of language when it comes to location decisions.

I am sure there are many more reasons but it gets boring.

Yes jobs will go but they will more than likely be replaced but the banks will stay"

Interesting that our ex Prime minister David Cameron made a speech in America the other day (for 100,000 plus figure) where he pointed out the faults with the EU and the Euro, and the possible difficulties coming the EU's way over the next 12 months with elections in France, Netherlands and Germany, there could be a lot of turmoil in Europe which could make the UK and London look like an island of calm and certainty amid all the turmoil on mainland Europe, banks will look for stability so more likely to stay here than move.

Pity Cameron couldn't have said this during the referendum campaign though.

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By *an_WoodMan
over a year ago

Stafford

Again the misguided focus on the EU when we need to focus on UK problems of 2017. Rising inflation that will hit low earners and an anticipated downturn in business investment that arise from BREXIT.

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By (user no longer on site)
over a year ago

"Again the misguided focus on the EU when we need to focus on UK problems of 2017. Rising inflation that will hit low earners and an anticipated downturn in business investment that arise from BREXIT."

rising inflation usually leads to rising wages. When inflation falls who is then better off? Why is no inflation a bad thing, do you know?

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By *an_WoodMan
over a year ago

Stafford

Rising inflation from economic activity is welcomed rather than through currency devaluation. Low earners are those least able to get pay raised to match inflation.

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By *asyukMan
over a year ago

West London

"Whilst alternative opinions are always interesting , I rely on my information from two specialist publications which are published weekly and analyse the reported results of companies"

Two specialist sources? Like Standard & Pooor's and Moody's for assessing risk on collateralised sub prime mortgage debt? Bang on!

National scale for a multi-national bank is pretty meaningless. International banks moved to the UK to exploit the deregulation of the industry and later to gain access to the the Euro area. No access to Europe and a market that is no longer unique is not so attractive.

The legal structure is also a big draw, but if judgements in this jurisdiction are no longer binding in Europe then you lose a huge reason to conduct the hugely lucrative mergers and acquisitions deals in the UK.

Germans, French and Dutch speak English spectacularly well and could very easily conduct their entire working days in English.

Only the traditional British banks own their buildings and infrastructure here. Everyone else rents and leases.

Every other financial centre is offering huge incentives to move too.

I'm not talking the UK down, I just really hope that it is possible to allow for the option that the UK may not represent the unique prospect that many believe.

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