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75,000 job losses

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By *LCC OP   Couple
over a year ago

Cambridge

The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

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By *ercuryMan
over a year ago

Grantham


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

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By *andS66Couple
over a year ago

Derby


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

"

Also forgot to say when the last time the Bank of England forecast something correctly was.

Or that they also forecast the demise of the financial sector if we didn't join the Euro.

Or that they didn't see the global crash coming.

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By *LCC OP   Couple
over a year ago

Cambridge


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

Also forgot to say when the last time the Bank of England forecast something correctly was.

Or that they also forecast the demise of the financial sector if we didn't join the Euro.

Or that they didn't see the global crash coming."

Ok, so how many job losses do YOU think there will be post brexit, in the financial sector specifically.

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

Also forgot to say when the last time the Bank of England forecast something correctly was.

Or that they also forecast the demise of the financial sector if we didn't join the Euro.

Or that they didn't see the global crash coming."

your spot on, they said exact same thing on Radio Scotland today as in "When did the Bank of England forecast something correct"

Remember what they said would happen immediately if we voted to leave"

wrong again lol

CLCC you need to try harder to stir shit

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By *mmabluTV/TS
over a year ago

upton wirral


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "
Once again picking out the part of the statement that suits you,you are never interested in the facts just looking to spread doom and gloom your so sad

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By *ercuryMan
over a year ago

Grantham

Banks and institutions will position themselves to cover all bases. Some jobs will be lost as offices open in Frankfurt, Amsterdam, Paris, Brussels and Dublin; other jobs will come into London.

Other estimates give around 10000 to be lost overseas, but with many others coming in.

We probably won't know the net amount for several years yet.

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By *LCC OP   Couple
over a year ago

Cambridge


"Banks and institutions will position themselves to cover all bases. Some jobs will be lost as offices open in Frankfurt, Amsterdam, Paris, Brussels and Dublin; other jobs will come into London.

Other estimates give around 10000 to be lost overseas, but with many others coming in.

We probably won't know the net amount for several years yet."

So what makes you believe the 10,000 job losses, rather than the 75,000 predicted by the BofE or the 200,000 by others?

No one has yet answered the question about what we are going to do about the missing tax revenue.

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By *mmabluTV/TS
over a year ago

upton wirral


"Banks and institutions will position themselves to cover all bases. Some jobs will be lost as offices open in Frankfurt, Amsterdam, Paris, Brussels and Dublin; other jobs will come into London.

Other estimates give around 10000 to be lost overseas, but with many others coming in.

We probably won't know the net amount for several years yet.

So what makes you believe the 10,000 job losses, rather than the 75,000 predicted by the BofE or the 200,000 by others?

No one has yet answered the question about what we are going to do about the missing tax revenue. "
Well it probably won't happen so not worth considering,these thinks are just pie in the sky

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "

I wouldn't worry about it. The government will cover it up by mangling the data and sweeping it under the carpet.

Bad news for the lower ranking staff.. Managers and above? Fuck em.!

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By *uxinteriorMan
over a year ago

south west , continental

Ah the Bank of England, ermmm they fixed their crystal ball now have they!

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By *ed.FoxMan
over a year ago

Between Hampshire and London

Like many things (met office is another good example) the Bank of England have a pretty 'sterling' forecast history. If they weren't typically correct in their forecasts they wouldn't be worth having, and our economy would be so down the toilet we'd be using the dollar.

I'm not saying they're always right, just that they aren't all that wrong all that often. But when they do get it wrong in a big way, people remember.

I'd be the first to admit that they are as much of a political entity as an economic one, but their opinion is usually worth listening to.

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By *entaur_UKMan
over a year ago

Cannock


"Like many things (met office is another good example) the Bank of England have a pretty 'sterling' forecast history. If they weren't typically correct in their forecasts they wouldn't be worth having, and our economy would be so down the toilet we'd be using the dollar.

I'm not saying they're always right, just that they aren't all that wrong all that often. But when they do get it wrong in a big way, people remember.

I'd be the first to admit that they are as much of a political entity as an economic one, but their opinion is usually worth listening to."

In that case should we listen to the former governor of the Bank of England, Mervyn King when he says the Euro is a doomed currency that will inevitably go down the tubes at some point.

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By *ed.FoxMan
over a year ago

Between Hampshire and London

Yes probably, the Euro has serious issues even from my pro-European viewpoint.

At the same time, the BoE is a political entity as well as an economic one. Given their role relies on the existence of the pound, I struggle to see them ever being very pro Euro, no matter how rosy the situation were.

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By *LCC OP   Couple
over a year ago

Cambridge


"Yes probably, the Euro has serious issues even from my pro-European viewpoint.

At the same time, the BoE is a political entity as well as an economic one. Given their role relies on the existence of the pound, I struggle to see them ever being very pro Euro, no matter how rosy the situation were."

The BofE is independent from political control.

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By *illwill69uMan
over a year ago

moston


"The BofE is independent from political control. "

Do you think the B of E is giving an accurate estimate? I think not, I think that they are giving a 'hoped for' worst estimate in the hope that they will be able to manage the upcoming crisis in the same way as they quietly supported the £ to the tune of £200 to 500 billion (I believe) after the referendum in order to make the 20% reduction in the value of our money feed in over months rather than come as a single hit in the immediate aftermath of the referendum (which would undoubtedly have triggered and economic crash).

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By *ed.FoxMan
over a year ago

Between Hampshire and London


"The BofE is independent from political control. "

Independent from political control doesn't mean it's apolitical. It is a large and important organisation with vested interests and an economic paradigm. It is responsible for monetary policy and has to work with the treasury to do so.

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By *oubepoMan
over a year ago

Spain Portugal France

You wouldn't want Mark Carney forecasting your weather would you?

it seems forecasting things correctly isn't his strong point

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

Maybe it will rain tomorrow, maybe not. If it rains the the worst case scenario could be flooding and people might drown.

Maybe the rain will come with a gale force wind and property will be damaged.

If the temperature takes a dip that rain could turn to snow. Trains will be cancelled and roads will be blocked.

Then again, it could be warm and sunny.

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

Bankers losing jobs because of brexit whats not to like about that.

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...


"Bankers losing jobs because of brexit whats not to like about that. "

LOL. Must admit I find it quite funny that quite a few of the banker bashers on here are suddenly worried that the poor darlings might/could/may/possibly lose their jobs.

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By *LCC OP   Couple
over a year ago

Cambridge


"Bankers losing jobs because of brexit whats not to like about that.

LOL. Must admit I find it quite funny that quite a few of the banker bashers on here are suddenly worried that the poor darlings might/could/may/possibly lose their jobs.

"

So you won't mind if we take their missing taxes out of your pension then

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...


"Bankers losing jobs because of brexit whats not to like about that.

LOL. Must admit I find it quite funny that quite a few of the banker bashers on here are suddenly worried that the poor darlings might/could/may/possibly lose their jobs.

So you won't mind if we take their missing taxes out of your pension then "

Maybe I will, maybe I won't. Maybe it will happen, maybe it won't.

Some say it will, others say it won't.

Hey I could make this into a song

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By *tillup4funMan
over a year ago

Wakefield

Lets wait and see what happens there is nothing we can do about it anyway.

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


"Bankers losing jobs because of brexit whats not to like about that.

LOL. Must admit I find it quite funny that quite a few of the banker bashers on here are suddenly worried that the poor darlings might/could/may/possibly lose their jobs.

So you won't mind if we take their missing taxes out of your pension then "

are you on here 24/7

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...


"Bankers losing jobs because of brexit whats not to like about that.

LOL. Must admit I find it quite funny that quite a few of the banker bashers on here are suddenly worried that the poor darlings might/could/may/possibly lose their jobs.

So you won't mind if we take their missing taxes out of your pension then

are you on here 24/7"

More like 25/8/53

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By *oxychick35Couple
over a year ago

thornaby

_lcc scaremongering on this site no way never I don't believe it wot ever next he will be sticking a ? mark at the end of a sentence next .

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By *LCC OP   Couple
over a year ago

Cambridge

Doesn't seem like anyone is willing to answer the question about the tax losses, and this is just the tip of the iceberg.

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By *lem-H-FandangoMan
over a year ago

salisbury


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

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By *ercuryMan
over a year ago

Grantham

In case you missed it, London was again voted top European Economic City by Colliers International business group, and actually increased its lead over second place Paris.

The UK was also named the most attractive contry for employers and staff.

Last month, professional services company JLL named London as the top global city in the world, ahead of Tokyo, New York and others.

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By *LCC OP   Couple
over a year ago

Cambridge


"_lcc scaremongering on this site no way never I don't believe it wot ever next he will be sticking a ? mark at the end of a sentence next ."

Hilarious that you think that I am scaremongering, rather than seeing I am commenting on a figure from the Bank of England. You have a strange way of looking at the world.

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


"_lcc scaremongering on this site no way never I don't believe it wot ever next he will be sticking a ? mark at the end of a sentence next .

Hilarious that you think that I am scaremongering, rather than seeing I am commenting on a figure from the Bank of England. You have a strange way of looking at the world."
However the commentator from the Bank of England has been notoriously inaccurate in his predictions. Why should anyone take him seriously this time ? .As the stock market is at an all time high it would appear that we have little to worry about . We should only have to worry about job losses if they actually happen. In any event the majority of people losing a job find another one fairly promptly.

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


"_lcc scaremongering on this site no way never I don't believe it wot ever next he will be sticking a ? mark at the end of a sentence next .

Hilarious that you think that I am scaremongering, rather than seeing I am commenting on a figure from the Bank of England. You have a strange way of looking at the world. However the commentator from the Bank of England has been notoriously inaccurate in his predictions. Why should anyone take him seriously this time ? .As the stock market is at an all time high it would appear that we have little to worry about . We should only have to worry about job losses if they actually happen. In any event the majority of people losing a job find another one fairly promptly. "

The stock market is only at a all time high because the Pound is at an all time low against most major currencies if not all

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By *ophieslutTV/TS
over a year ago

Central

There's been a vote in parliament to get the conservatives to release the full impact assessments that they prepared, showing what their predictions of Brexit upon the UK actually are.

As it is our country, the public have a right to know this detail.

I'm assuming that many more jobs are predicted for loss with significant effects upon the country - plus loss of tax income.

Who should pay? Any Brexit politicians who lied as a minimum.

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


"Yes probably, the Euro has serious issues even from my pro-European viewpoint.

At the same time, the BoE is a political entity as well as an economic one. Given their role relies on the existence of the pound, I struggle to see them ever being very pro Euro, no matter how rosy the situation were.

The BofE is independent from political control. "

If you actually believe that then you must be really, fantastically deluded.

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By *xplicitlyricsMan
over a year ago

south dublin


"Like many things (met office is another good example) the Bank of England have a pretty 'sterling' forecast history. If they weren't typically correct in their forecasts they wouldn't be worth having, and our economy would be so down the toilet we'd be using the dollar.

I'm not saying they're always right, just that they aren't all that wrong all that often. But when they do get it wrong in a big way, people remember.

I'd be the first to admit that they are as much of a political entity as an economic one, but their opinion is usually worth listening to.

In that case should we listen to the former governor of the Bank of England, Mervyn King when he says the Euro is a doomed currency that will inevitably go down the tubes at some point. "

Does King still have all the resources and data that the BoE has? Nope.

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "

pensions will get cut or the nhs they always go after the soft targets!

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

Also forgot to say when the last time the Bank of England forecast something correctly was.

Or that they also forecast the demise of the financial sector if we didn't join the Euro.

Or that they didn't see the global crash coming."
. They saw it coming alrite the orchestrated it all themselves gave away cheap credit in previous years getting people huckleberryed in a way ov living unsustainabley then pulling the rug from under us!

Its have countless time but we never learn.

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Tut tut CLCC. You failed to say that 75000 is worst case scenario, with no deal being reached on exit.

Also forgot to say when the last time the Bank of England forecast something correctly was.

Or that they also forecast the demise of the financial sector if we didn't join the Euro.

Or that they didn't see the global crash coming.

Ok, so how many job losses do YOU think there will be post brexit, in the financial sector specifically. "

that doesn't matter at all they always manipulated the numbers anyway when it suite there aganda.!Then they blame it on immigration couseing shortages in health care schools housing etc.

When you fly out of the uk what do you see except for great open space ownd by rich land owner and they con you into thinking were over populated.! Its a joke.! People need other people to earn a living.! Its all relative.

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


"Banks and institutions will position themselves to cover all bases. Some jobs will be lost as offices open in Frankfurt, Amsterdam, Paris, Brussels and Dublin; other jobs will come into London.

Other estimates give around 10000 to be lost overseas, but with many others coming in.

We probably won't know the net amount for several years yet.

So what makes you believe the 10,000 job losses, rather than the 75,000 predicted by the BofE or the 200,000 by others?

No one has yet answered the question about what we are going to do about the missing tax revenue. "

there is no answer for your questions look at the bigger picture!! its all in they're agenda to confuse and bamboozle the population into giving up our freedoms to ask the rite questions its all become blurred on purpose smoke and mirrors to avoid blame! they're laughing there heads off while we bicker amongst ourselves about silly little issues.Like football and living for the weekend.Paying the mortgage its all a con !!! We are all enslaved but we think were free!! Thats the actual con its self.!! war and fear of global warming pandemics which they manufacture themselves harp/sars ebola etc and spread to control the masses.when intelligent brave people start to whistle blow they become traitors or terrorsis like nelson Mandela! Gess Who got the noble peace prize obama !!? Wht for?? why do we poor folks have to pay for rich corporations who clearly Ovid tax!? Why do we have to bale out the bankers?Why do we use fiat currencys easily manipulated. Why does the world buy and sell oil in America dollers why not gold and silver or any other currency that has value

Sorry for any grammatical mistake am trying to do ten things at once!!

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...


"Doesn't seem like anyone is willing to answer the question about the tax losses, and this is just the tip of the iceberg."

Hold on a sec.

Nope. Not raining today.

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By *entaur_UKMan
over a year ago

Cannock


"The Bank of England is expecting around 75,000 job losses in the financial sector "

There will be no sympathy at all from the vast majority of the population for any bankers losing their jobs. Did the bankers care about working class people losing their jobs in 2007/8 during the crash that they caused? The simple answer is NO they couldn't give a shit, while the taxpayers bailed them out, bankers kept their jobs and got million pound bonuses to boot! No sympathy at all here for any bankers who may or may not lose their jobs!

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

I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

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By *LCC OP   Couple
over a year ago

Cambridge


"The Bank of England is expecting around 75,000 job losses in the financial sector

There will be no sympathy at all from the vast majority of the population for any bankers losing their jobs. Did the bankers care about working class people losing their jobs in 2007/8 during the crash that they caused? The simple answer is NO they couldn't give a shit, while the taxpayers bailed them out, bankers kept their jobs and got million pound bonuses to boot! No sympathy at all here for any bankers who may or may not lose their jobs!"

Wow, so much ignorance in one post. You think all the people who will lose their jobs are investment bankers?

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By *LCC OP   Couple
over a year ago

Cambridge


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

"

You know the finacial sector is much wider than banking, right?

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


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

You know the finacial sector is much wider than banking, right? "
Who do you blame for

the crash and and a decade of austerity. ?

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


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

"
A decade of austerity . ? Mortgage rates are at an all time low and new car sales are at record levels in addition to the stock market being at an all time high. These factors are hardly consistent with austerity.

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

You live in some alternate reality.Where the government has not been implementing cuts to services.Yeah its a good time to borrow money to buy a new car.Not good if you need government services.

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By *lem-H-FandangoMan
over a year ago

salisbury


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall. "

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

"

The bankers were on welfare when tbey fucked up by being irresponsible by getting bailed out!

Some fucking profession that!

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


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

A decade of austerity . ? Mortgage rates are at an all time low and new car sales are at record levels in addition to the stock market being at an all time high. These factors are hardly consistent with austerity. "

New car sales have dropped 5%.

Nissan new car storage is filling up here.

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

Just to reiterate..

Theyve lorded it up, being bailed out for being incompetent greedy bastards.

They'll never know what its like to struggle with money day to day and go without. Hard cheese! Fuck em

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

The bankers were on welfare when tbey fucked up by being irresponsible by getting bailed out!

Some fucking profession that! "
However ultimately the only people to blame would be the customers who defaulted on loans . By failing to repay loans they were responsible for Financial turmoil.

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


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

A decade of austerity . ? Mortgage rates are at an all time low and new car sales are at record levels in addition to the stock market being at an all time high. These factors are hardly consistent with austerity.

New car sales have dropped 5%.

Nissan new car storage is filling up here. "
This is only to be expected as unto recently new car sales were at an all time high . The market is now saturated as a result of the success of the car industry in the UK.

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

"
.

Don't forget the loss of tax revenue from the 294,000 job losses

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By *lem-H-FandangoMan
over a year ago

salisbury


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

.

Don't forget the loss of tax revenue from the 294,000 job losses "

Oh how could i?

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By *LCC OP   Couple
over a year ago

Cambridge


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

.

Don't forget the loss of tax revenue from the 294,000 job losses

Oh how could i? "

There are a few things:

You seem to be implying that mass unemployment was bad for the miners. If you believe that, then why are you implying that its good for the finacial sector?

If we are specifically talking about coal mining in the UK, then it was an industry in decline since around the 1920s, so the unemployment wasn't all in one go, unlike the expected losses in the finacial sector.

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


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

The bankers were on welfare when tbey fucked up by being irresponsible by getting bailed out!

Some fucking profession that! However ultimately the only people to blame would be the customers who defaulted on loans . By failing to repay loans they were responsible for Financial turmoil. "

I remember being junk mailed endlessly by banks to taje loans out. Tbe banks should've been more competent in deciding on loans

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


"I have to agree bankers are loathed by everyone i know. The finiacial sector ruined lives and created a decade of austerity and this helped in part to create the right atmosphere for brexit to be a success.

A decade of austerity . ? Mortgage rates are at an all time low and new car sales are at record levels in addition to the stock market being at an all time high. These factors are hardly consistent with austerity.

New car sales have dropped 5%.

Nissan new car storage is filling up here. This is only to be expected as unto recently new car sales were at an all time high . The market is now saturated as a result of the success of the car industry in the UK. "

Second hand car sales up 7% so i doubt your conclusion

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


"You live in some alternate reality.Where the government has not been implementing cuts to services.Yeah its a good time to borrow money to buy a new car.Not good if you need government services. "
Currently public sector pay is about 6.5 % above that of the private sector . This is hardly indicative of austerity .

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By *lem-H-FandangoMan
over a year ago

salisbury


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

.

Don't forget the loss of tax revenue from the 294,000 job losses

Oh how could i?

There are a few things:

You seem to be implying that mass unemployment was bad for the miners. If you believe that, then why are you implying that its good for the finacial sector?

If we are specifically talking about coal mining in the UK, then it was an industry in decline since around the 1920s, so the unemployment wasn't all in one go, unlike the expected losses in the finacial sector. "

Bless, no. You seem to be implying that the 75000 + unemployed financiers will be incapable of finding other work. I doubt that all 300000 miners who lost their jobs in the Thatcher era remained unemployed for the rest of their working lives. So continued to contribute their taxes. As will those who possibly lose their current positions in finance.

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By *oncupiscentTonyMan
over a year ago

Kent


"You live in some alternate reality.Where the government has not been implementing cuts to services.Yeah its a good time to borrow money to buy a new car.Not good if you need government services. Currently public sector pay is about 6.5 % above that of the private sector . This is hardly indicative of austerity . "

Is that for all sections of the public sector?

Of course it's fucking not

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By *ercuryMan
over a year ago

Grantham


"The Bank of England is expecting around 75,000 job losses in the finacial sector as a result of Brexit. That's a lot of unemployment in a single sector. Also a lot of taxes that won't be collected. I wonder who is going to be willing to pick up the tab for the shortfall.

Are you saying they couldn't get a job in another industry? Or must we support them for the rest of their days?

Are we still supporting 300,000 miners?

.

Don't forget the loss of tax revenue from the 294,000 job losses

Oh how could i?

There are a few things:

You seem to be implying that mass unemployment was bad for the miners. If you believe that, then why are you implying that its good for the finacial sector?

If we are specifically talking about coal mining in the UK, then it was an industry in decline since around the 1920s, so the unemployment wasn't all in one go, unlike the expected losses in the finacial sector.

Bless, no. You seem to be implying that the 75000 + unemployed financiers will be incapable of finding other work. I doubt that all 300000 miners who lost their jobs in the Thatcher era remained unemployed for the rest of their working lives. So continued to contribute their taxes. As will those who possibly lose their current positions in finance."

There's still a minimum bid 7000 financial job vacancies in London, and has constantly been around that figure.

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By *andS66Couple
over a year ago

Derby

There are about 10-12,000 more people employed in the financial sector now than at referendum day.

There are about 10,000 vacancies. So, losing 75,000 jobs is a net figure of about 55,000.

This is also over a 3 year period. So 18,000 a year. Or 0.9% of the total financial services sector in the UK.

The 75,000 job losses does not include the potential for increased employment due to other opportunities not open to the UK at the moment due to our EU membership, which the survey referenced by the OP quite clearly states later on.

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


"There are about 10-12,000 more people employed in the financial sector now than at referendum day.

There are about 10,000 vacancies. So, losing 75,000 jobs is a net figure of about 55,000.

This is also over a 3 year period. So 18,000 a year. Or 0.9% of the total financial services sector in the UK.

The 75,000 job losses does not include the potential for increased employment due to other opportunities not open to the UK at the moment due to our EU membership, which the survey referenced by the OP quite clearly states later on."
More new jobs from Volkswagen

Europe’s largest carmaker is looking at opening a British bank to help to fund sales of its cars in the UK after Brexit. Talks with the Bank of England are expected to lead to Volkswagen making a formal application for a banking licence that will allow it for the first time to take savers’ money.

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By *oncupiscentTonyMan
over a year ago

Kent


"Europe’s largest carmaker is looking at opening a British bank to help to fund sales of its cars in the UK after Brexit."

So what does that means for the employees of Volkswagon bank UK?, Perhaps they'll just be tuped across...


"Talks with the Bank of England are expected to lead to Volkswagen making a formal application for a banking licence that will allow it for the first time to take savers’ money."

Not for the first time, they did that before at the company's founding but nobody got their car delivered

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

It's an oligopoly, there helping themselves to free money at your expense, it's cronyism and corrupt.... Welcome to the 21 century robber barons

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