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The now-enacted will of (some of) the people


blandy

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La Repubblica are reporting that HSBC are shifting to Paris.

La Repubblica

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MILAN - Another major international financial institution is preparing to move its European pawns out of London, probably fearing the effects of Brexit: Hsbc has announced the concentration of activities in the Old Continent, so far controlled by the City, on the French branch.

The news came through a press release from Hsbc France, a few hours after the publication of the first half results. The group does not refer to the divorce between the EU and Britain explicitly, but only talks about "reorganization" to continue to serve customers better "in a context of political and regulatory evolution in Europe". The London office therefore lost control of seven European branches that will be managed by Paris: Belgium, the Czech Republic, Ireland, Italy, Luxembourg, the Netherlands and Spain. 

 

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(Appologies if a stupid question)

If we know the actual day of Brexit and we agree it will be a disaster for the UK economy,  why can't we (people / companies / Government) short the the shares in specific UK companies that will be battered by it that are listed at relativley strong position now. 

It is surley the only time when the stock market is not free and unhindered as the economy will basically be getting a good leg amputated and a new wooden leg fitted on Brexit day ? (A Wood based leg but painted dark blue,  a fixed ankle joint which, is real a shame but money is tight,  economy now limps like May)

Question clear ?

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55 minutes ago, Amsterdam_Neil_D said:

(Appologies if a stupid question)

If we know the actual day of Brexit and we agree it will be a disaster for the UK economy,  why can't we (people / companies / Government) short the the shares in specific UK companies that will be battered by it that are listed at relativley strong position now. 

It is surley the only time when the stock market is not free and unhindered as the economy will basically be getting a good leg amputated and a new wooden leg fitted on Brexit day ? (A Wood based leg but painted dark blue,  a fixed ankle joint which, is real a shame but money is tight,  economy now limps like May)

Question clear ?

It’s a good idea. Pretty sure the government would be ruled out from taking that position though due to insider trading laws, ie they have information regarding the market that isn’t available to everybody else.

As for the rest of us, well the probabilities of crashing out are likely already factored into the current market price so it’s very much still a case of roll up roll up, you pays your money and takes your choice, up or down, which way will it go, nobody knows! 

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45 minutes ago, bickster said:

I see the pound has yet to recover from the Liam Fox Dip

It's polite to refer to people by their proper titles.  In this case, "the disgraced Liam Fox", if you please.

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1 hour ago, peterms said:

"the disgraced Liam Fox", if you please

Or to give him his full dues, "disgraced, former defence secretary (and notable bell-end), the dishonourable Liam Fox"

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4 minutes ago, chrisp65 said:

ah yes, the silent p in the middle of a shit

I was being much cleaner than you old fellas and going with dipstick. :blush:

Edit: Just got the beauty of your post. Well done. :D

Edited by snowychap
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31 minutes ago, StefanAVFC said:

This is already an EU rule that we exercise our sovereignty in not enforcing it.

Fed up of daily dishonesty.

Not wanting to actually go to Th S*n website, which businesses have suggested this and why is it even any of their concern? Can't see many businesses caring if anything they'd rather have the cheap labour on tap and more potential customers on the doorstep

Shame they didn't ask "businesses" whether they'd rather remain or leave.. and mean businesses other than thick as pigshit fishermen who still haven't worked out that their problem isn't with EU quotas but the way the UK Govt divvies up the allocation

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I think it was the CBI or the IoD or some such business group this morning pitching for what they wanted out of post Brexit immigration. It was basically, we still want to be able to recruit from Europe but only if they can do the job and there’s not already somebody better and cheaper living here. They can’t just come over here unannounced and expect full benefits and privileges. We would want a way of getting rid of people after a few months if they were costing the country more than they were contributing.

I thought that was quite a revolutionary way of doing things. Made me wonder why we don’t have a system like that already…
 

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