|
||||||||
Dozens of UK banks and financial firms 'looking at moving to Ireland' |
![]() |
|
|
Thread Tools | Search this Thread |
|
|
#1 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Dozens of UK banks and financial firms 'looking at moving to Ireland'
Quote:
Head of agency tasked with attracting foreign investment to Ireland says City corporations are interested in relocating Banks and financial institutions make up the overwhelming majority of more than 100 companies inquiring about relocating to Ireland after Brexit, the head of the agency tasked with bringing foreign investment into the republic has confirmed. Martin Shanahan, the chief executive of the Industrial Development Agency (IDA), said many of the corporations looking to move were based in the City of London. Shanahan said that while Ireland would try to make capital out of the UK voting to leave the EU, Brexit was not the outcome he or anyone else in Ireland favoured. He also said the IDA did not fear a Trump presidency would shut down American multinational investment into Ireland. The IDA has a target to create an extra 80,000 jobs in the country by 2019, many of them from new US firms setting up their European base in Ireland. Shanahan told the Guardian that Ireland’s low 12.5% corporation tax remained sacrosanct as one of the Irish Republic’s key fiscal policies. Ireland will be the only English speaking country left in the EU after Brexit, giving Shanahan and his IDA colleagues extra impetus in their attempts to woo companies, some of which are based in the UK. He said: “We have seen a huge increase in the amount of inquiries and activities across the globe. It’s not just our office in London, or our office in Dublin; we are receiving inquiries in Asia, in the US, in New York in particular. The figure that we have used to date is over 100 related inquiries.” A referendum on the exit terms in a couple of years will kill off Brexit
|
|
|
|
|
Please sign in or register to remove this advertisement.
|
|
|
#2 |
|
Forum Member
Join Date: Feb 2005
Location: Isle of Dogs
Posts: 2,143
|
What makes you think there will be any such referendum?
|
|
|
|
|
|
#3 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
What makes you think there will be any such referendum?
I think it would be a lot worse than 100 pounds a year for quite a few of them actually. |
|
|
|
|
|
#4 |
|
Forum Member
Join Date: Sep 2009
Posts: 736
|
Quote:
because we , the 48 % will ask for one .. along with quite a few Leave voters, who - when recently polled by YouGov - stated that they would be unwilling to be even 100 pounds worse off a year as a result of Brexit.
I think it would be a lot worse than 100 pounds a year for quite a few of them actually.
|
|
|
|
|
|
#5 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
Deluded, even on Christmas.
![]() |
|
|
|
|
|
#6 |
|
Forum Member
Join Date: Sep 2009
Posts: 736
|
Quote:
bored with democracy ?
|
|
|
|
|
|
#7 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
No. I'm not the person wanting another vote because the outcome wasn't what I wanted.
![]() |
|
|
|
|
|
#8 |
|
Inactive Member
Join Date: May 2011
Posts: 18,881
|
Quote:
we voted on the exit terms ? when ? must have missed that one.
|
|
|
|
|
|
#9 |
|
Forum Member
Join Date: Oct 2003
Posts: 10,892
|
Right so someone in charge of getting businesses to be interested in moving to Ireland says 'businesses are interested in moving to Ireland, lots of people are doing it, brilliant idea come along, all welcome', what an incredible totally off-the-wall thing for such a person to say
|
|
|
|
|
|
#10 |
|
Forum Member
Join Date: Feb 2005
Location: Isle of Dogs
Posts: 2,143
|
Quote:
because we , the 48 % will ask for one .. along with quite a few Leave voters, who - when recently polled by YouGov - stated that they would be unwilling to be even 100 pounds worse off a year as a result of Brexit.
I think it would be a lot worse than 100 pounds a year for quite a few of them actually. |
|
|
|
|
|
#11 |
|
Forum Member
Join Date: May 2002
Location: GL51 0EX
Posts: 14,090
|
Quote:
A referendum on the exit terms in a couple of years will kill off Brexit ![]() |
|
|
|
|
|
#12 |
|
Forum Member
Join Date: Feb 2016
Posts: 1,210
|
Quote:
Right so someone in charge of getting businesses to be interested in moving to Ireland says 'businesses are interested in moving to Ireland, lots of people are doing it, brilliant idea come along, all welcome', what an incredible totally off-the-wall thing for such a person to say
![]() FDI couldn't be stronger, Mr Shanahan is doing a fantastic job. Recently saw him being interviewed on all the major American TV networks playing a blinder to get even more American companies to move to Ireland, playing the Brexit card so well. |
|
|
|
|
|
#13 |
|
Forum Member
Join Date: Nov 2002
Posts: 76,811
|
All these financial companies could just re-locate to Jersey and Guernsey
They both have full 'third party status' agreements with the EU which will not be affected by the UK leaving They have access to the single market and all the advantages of being tax havens |
|
|
|
|
|
#14 |
|
Inactive Member
Join Date: Nov 2002
Location: 47°9′ S, 126°43′ W
Posts: 2,948
|
Quote:
https://www.theguardian.com/world/20...moving-ireland
A referendum on the exit terms in a couple of years will kill off Brexit ![]()
|
|
|
|
|
|
#15 |
|
Forum Member
Join Date: Sep 2003
Location: Devon
Posts: 47,995
|
I did enquire at my local branch and they said while they may be popping some corks over the festivities they had no intention of moving there.
|
|
|
|
|
|
#16 |
|
Forum Member
Join Date: Nov 2002
Location: Dublin
Posts: 51,606
|
Quote:
All these financial companies could just re-locate to Jersey and Guernsey
They both have full 'third party status' agreements with the EU which will not be affected by the UK leaving They have access to the single market and all the advantages of being tax havens |
|
|
|
|
|
#17 |
|
Forum Member
Join Date: Mar 2010
Location: Wammy's House
Posts: 4,784
|
Quote:
I think the point would be that Dublin has a large financial services centre in the Docklands area with plenty of office space plus a well educated and available workforce. I'm not sure Jersey or Guernsey could offer anything like that.
|
|
|
|
|
#18 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
I did enquire at my local branch and they said while they may be popping some corks over the festivities they had no intention of moving there.
Obviously there is going to be some retailing activity here, even after the hardest of Brexit, but even that will move online, and then why manage the systems from the UK if the skills here are in short supply due to Brexit ? |
|
|
|
|
|
#19 |
|
Inactive Member
Join Date: May 2011
Posts: 18,881
|
Quote:
You are talking about a different thing altogether.
Obviously there is going to be some retailing activity here, even after the hardest of Brexit, but even that will move online, and then why manage the systems from the UK if the skills here are in short supply due to Brexit ? |
|
|
|
|
|
#20 |
|
Forum Member
Join Date: Dec 2011
Posts: 2,582
|
Quote:
You can ask all you like, but you are going to be very disappointed. It's not even certain that MPS will get a vote on the exit terms.
Hurrah for far right dictatorships. ![]() ![]()
|
|
|
|
|
|
#21 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
See what I mean by education having passed you by?
You lot are something else
|
|
|
|
|
|
#22 |
|
Forum Member
Join Date: Dec 2011
Posts: 2,582
|
Quote:
I did enquire at my local branch and they said while they may be popping some corks over the festivities they had no intention of moving there.
I once asked a lady wearing a crown if I she could make me a knight. Apparently she wasn't the queen. ![]() Merry Jingles day
|
|
|
|
|
|
#23 |
|
Inactive Member
Join Date: May 2011
Posts: 18,881
|
Quote:
Do you seriously believe that the esteemed Mr McLaugh will be able to pop into his local retail banking branch in 20 years' time like he just did ?
You lot are something else ![]() |
|
|
|
|
|
#24 |
|
Inactive Member
Join Date: May 2011
Posts: 18,881
|
Quote:
Is your local branch the head office?
I once asked a lady wearing a crown if I she could make me a knight. Apparently she wasn't the queen. ![]() Merry Jingles day ![]() |
|
|
|
|
|
#25 |
|
Forum Member
Join Date: Jun 2009
Location: Los Angeles CA
Posts: 2,595
|
Quote:
No, I seriously think that because someone has been to uni, they think they are intelligent and learned. You've proved me wrong. You don't even get humour.
Recently I got building insurance. They send you a questionnaire and you fill it in. No-one comes around to check the property you are insuring. I asked them : they look up claims made in the area to assess the risk of subsidence, of flooding, of tree influence and so on. Soon there will be AI programmes to do that too. It is the same with Retail banking. There won't be local branches. Banks will assess your credit-worthiness or your business plan through an AI programme. The jobs will be to maintain complex computer programmes. These require skilled workers. If Brexit stops them being in supply here , then the jobs will move abroad. It is that simple. |
|
|
|
![]() |
|
All times are GMT. The time now is 23:22.





