FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to Politics

EU draft law to remove Euro clearing from UK; minimum 100,000 job losses

Jump to newest
 

By *xplicitlyrics OP   Man
over a year ago

south dublin

The EU said from the start that clearing would not be allowed to remain in the UK after Brexit and they've started putting the wheels in motion today by drafting a law to facilitate moving it from the UK post Brexit.

By 2019 the entire operation will be moved from the UK at a cost of at least a minimum of 100,000 British jobs that depend on the industry. It could of course be higher, not to mention the knock on effect for other companies.

http://www.euronews.com/2017/06/13/eu-makes-a-move-in-brexit-battle-over-euro-clearing

https://www.bloomberg.com/news/articles/2016-09-23/lse-s-rolet-says-100-000-jobs-at-risk-if-clearing-leaves-london

Reply privatelyReply in forumReply +quote
 

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


"The EU said from the start that clearing would not be allowed to remain in the UK after Brexit and they've started putting the wheels in motion today by drafting a law to facilitate moving it from the UK post Brexit.

By 2019 the entire operation will be moved from the UK at a cost of at least a minimum of 100,000 British jobs that depend on the industry. It could of course be higher, not to mention the knock on effect for other companies.

http://www.euronews.com/2017/06/13/eu-makes-a-move-in-brexit-battle-over-euro-clearing

https://www.bloomberg.com/news/articles/2016-09-23/lse-s-rolet-says-100-000-jobs-at-risk-if-clearing-leaves-london"
can't say that mate its called scare mongering

Reply privatelyReply in forumReply +quote
 

By *ercuryMan
over a year ago

Grantham

The EU have said that they would want to give the Euro protected powers in London first, before "potentially" having to move the clearing operation to a Euro country in mainland Europe.

London clears 18 major currencies and is one of the world leaders in doing so. Moving it would increase trading costs and maybe diminish the status of the Euro.

Putting it into context, London clears $2.1 trillion a day, compared to Eu865 billion a day, and the US hasn't come close to suggesting that their business should be relocated back to the US.

Negotiations haven't even started yet, and the EU are already moving in on our crown jewels but then they have harboured this for a long time, even pre-referendum.

Reply privatelyReply in forumReply +quote
 

By *LCCCouple
over a year ago

Cambridge

Its them bloody foreigners stealing our jobs again!

Reply privatelyReply in forumReply +quote
 

By *xplicitlyrics OP   Man
over a year ago

south dublin


" can't say that mate its called scare mongering "

Which part is scare mongering? The bill is drafted and they're moving forward with it. And the head of the London Stock Exchange is the one who said it would be a minimum of 100,000 jobs.

Its not scare mongering to say theres a wolf at the door when there is in fact a wolf at the door.

Reply privatelyReply in forumReply +quote
 

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

the EU are taking back control of their currency and will have control over the laws that apply to their monetary system while at the same time moving their clearing operations back inside the their borders which they will control ... there's no problem with any of that

Reply privatelyReply in forumReply +quote
 

By *LCCCouple
over a year ago

Cambridge


"the EU are taking back control of their currency and will have control over the laws that apply to their monetary system while at the same time moving their clearing operations back inside the their borders which they will control ... there's no problem with any of that"

Apart from the people who will lose their jobs.

Reply privatelyReply in forumReply +quote
 

By *ellowyellowXMan
over a year ago

cardiff

So many clowns posting tripe on this page over last year or so, let it play out then you can bitch and whine after.

Reply privatelyReply in forumReply +quote
 

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


"the EU are taking back control of their currency and will have control over the laws that apply to their monetary system while at the same time moving their clearing operations back inside the their borders which they will control ... there's no problem with any of that

Apart from the people who will lose their jobs. "

there's always, uber, deliveroo and hermes though innit

Reply privatelyReply in forumReply +quote
 

By *obka3Couple
over a year ago

bournemouth

Are they going to do the same with the euros traded in the us, china etc more bully boy spoilt brat tatics, strange how when the banking crisis blew up most of the country want ed all the financial sector taken out and shot, now all of a sudden they are our salvation

Reply privatelyReply in forumReply +quote
 

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


" can't say that mate its called scare mongering

Which part is scare mongering? The bill is drafted and they're moving forward with it. And the head of the London Stock Exchange is the one who said it would be a minimum of 100,000 jobs.

Its not scare mongering to say theres a wolf at the door when there is in fact a wolf at the door."
you didn't get the joke?

Reply privatelyReply in forumReply +quote
 

By *xplicitlyrics OP   Man
over a year ago

south dublin


" can't say that mate its called scare mongering

Which part is scare mongering? The bill is drafted and they're moving forward with it. And the head of the London Stock Exchange is the one who said it would be a minimum of 100,000 jobs.

Its not scare mongering to say theres a wolf at the door when there is in fact a wolf at the door.you didn't get the joke?"

My bad,hard to keep track who's being sarcastic and who actually is dumb enough to post something like that genuinely

Reply privatelyReply in forumReply +quote
 
 

By *nleashedCrakenMan
over a year ago

Widnes


"The EU have said that they would want to give the Euro protected powers in London first, before "potentially" having to move the clearing operation to a Euro country in mainland Europe.

London clears 18 major currencies and is one of the world leaders in doing so. Moving it would increase trading costs and maybe diminish the status of the Euro.

Putting it into context, London clears $2.1 trillion a day, compared to Eu865 billion a day, and the US hasn't come close to suggesting that their business should be relocated back to the US.

Negotiations haven't even started yet, and the EU are already moving in on our crown jewels but then they have harboured this for a long time, even pre-referendum."

And, while we were members of the EU we could block it. Soon we won't be able to. Is this another thing that the BREXIT campaign said we shouldn't worry ourselves about because it would never happen but now it looks like it might?

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top