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Dozens of UK banks and financial firms 'looking at moving to Ireland'


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Old 25-12-2016, 14:26
B-29
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https://www.theguardian.com/world/20...moving-ireland

A referendum on the exit terms in a couple of years will kill off Brexit
Guardian eh ,says it all , next clown please!
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Old 25-12-2016, 14:59
dodrade
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Didn't the remainers say Brexit would be a disaster for both countries? Not much evidence so far.
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Old 25-12-2016, 15:02
Doctor_Wibble
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Didn't the remainers say Brexit would be a disaster for both countries? Not much evidence so far.
You are clearly not following the official position there, we haven't done brexit yet, therefore it's the EU insulating us from impending doom, but when it does happen, that's when all the nightmares come true, the full-on nuts-to-the-wall nukular apocalypsogeddon. And 5p on the price of marmite
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Old 25-12-2016, 15:19
allaorta
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Do you know Direct Line ? well that is the future of insurance.

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.
See what I mean? You're talking the future when it's already happening. I do all my banking online and when I view my account, it tells me the large amount they would lend me if I so desired. I do my insurances online and on the phone. I use the phone because you can get a better deal if you push for it; you're probably paying over the top.
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Old 25-12-2016, 16:58
MarellaK
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Do you know Direct Line ? well that is the future of insurance.

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.
I'm surprised by this post. I've had insurance with several different companies, with several properties, and I've never had anyone come to assess my property - and I bought my first flat in 1990. Even when I've made claims they've taken my word for it (relating to contents and damage to fixtures and fittings, rather than to the building structure).

The local bank branches have been closing for years, firstly when I lived in London suburbs and now just outside of London. However, it must be more than 5 years since I physically stood inside a bank because I have online banking, as does nearly everybody I know.

Those changes were happening anyway, nothing to do with Brexit. Computers have been around for a long time now ...
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Old 25-12-2016, 17:46
ireland2day
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As Michael O'Leary maintains, Britain's misery as in Brexit is Ireland's fortune as in to exploit.
Never a truer sentiment expressed.
And the head of the IDA Mr Shanahan has being making this message crystal clear to American audiences of late on all the major American news and business networks.
Sell the card Brexit is bad for Britain to the world but Ireland remains open for business.
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Old 25-12-2016, 18:21
allaorta
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As Michael O'Leary maintains, Britain's misery as in Brexit is Ireland's fortune as in to exploit.
Never a truer sentiment expressed.
And the head of the IDA Mr Shanahan has being making this message crystal clear to American audiences of late on all the major American news and business networks.
Sell the card Brexit is bad for Britain to the world but Ireland remains open for business.
O'Leary was crying like a baby at the prospect of Brexit.
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Old 25-12-2016, 18:28
coke_pepper
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Do you know Direct Line ? well that is the future of insurance.

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.
How long have you had your head stuck in the sand? I'm reckoning at least 20 years lol
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Old 25-12-2016, 19:06
skp20040
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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 ?
So you think there banking industry is going to close down, I mean "some retailing activity" is saying that in fact you are basically saying it will all move on line so all the bank branches will close down as well . Firstly the ECB will not be able to limit trading in Euros to the Eurozone as they have said as the USA , Japan , China etc etc will then not allow them to trade their currency trades , secondly the Eurozone banks will not be able to come up with all the guarantees they need to back up the trades it is a lot of money and they will head for disaster when they are not allowed to trade other currency trades , thirdly you fail to mention why all the banks would leave when they already have registered offices in other parts of the EU ?
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Old 25-12-2016, 19:48
Mr Oleo Strut
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Deluded, even on Christmas.
Deluded, no. Money walks and will continue to do so, without emotion or nationalism, to protect itself. So the banks will indeed be sniffing around for safer havens whether you like it or not. The deluded are those who, with their heads right up a very dark place and their eyed closed, are trying to re-invent a long-lost world. Fortunately, there are enough of realists about to put a stop to all the Farage-provoked lies and bigotry. Our great country has, regrettably, taken a step into a void of uncertainly, based on a tissue of lies and foolishness, but common sense will prevail. In the meantime, you stick with your delusions if you want to, at least at the moment you have the choice to do so.
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Old 25-12-2016, 20:21
Hacker Harrier
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O.P:

Me:

(Feeling too bloated from Christmas dinner to care about Brexit right now.)

Not long till Dinnexit!
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Old 25-12-2016, 20:43
Mark_Jones9
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Deluded, no. Money walks and will continue to do so, without emotion or nationalism, to protect itself.
And if it moves to Ireland without a government able to underwrite it in the event of a future financial crisis. Small nations should be weary of ending up with too large a banking and financial services sector. A lesson you would of thought was learnt in the 2008/2009 financial crisis.
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Old 25-12-2016, 21:54
mRebel
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https://www.theguardian.com/world/20...moving-ireland

A referendum on the exit terms in a couple of years will kill off Brexit
And when the banks next go bust, as they will, it'll be Ireland's problem, not ours.
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Old 25-12-2016, 22:14
platelet
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And when the banks next go bust, as they will, it'll be Ireland's problem, not ours.
Hmm, didn't quite work that way with Ulster bank though did it?
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Old 25-12-2016, 22:27
errea
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Their legal status is due to an addendum the UKs EU accession treaty.
If the UK leaves then they have no EU status.

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
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Old 25-12-2016, 23:34
MTUK1
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bored with democracy ?
Serious question, if the vote had gone the other way and remain won would you accept leavers wanting a second vote? You know you wouldn't entertain that.
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Old 25-12-2016, 23:35
MTUK1
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Hmm, didn't quite work that way with Ulster bank though did it?
Why would it? Ulster Bank isn't Irish owned.
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Old 25-12-2016, 23:37
MTUK1
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Deluded, no. Money walks and will continue to do so, without emotion or nationalism, to protect itself. So the banks will indeed be sniffing around for safer havens whether you like it or not. The deluded are those who, with their heads right up a very dark place and their eyed closed, are trying to re-invent a long-lost world. Fortunately, there are enough of realists about to put a stop to all the Farage-provoked lies and bigotry. Our great country has, regrettably, taken a step into a void of uncertainly, based on a tissue of lies and foolishness, but common sense will prevail. In the meantime, you stick with your delusions if you want to, at least at the moment you have the choice to do so.
Yawn. Are these the same banks that said they were going when we didn't join the Euro. Exactly which countries have the financial infrastructure in place to accept these banks?
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Old 25-12-2016, 23:39
MTUK1
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As Michael O'Leary maintains, Britain's misery as in Brexit is Ireland's fortune as in to exploit.
Never a truer sentiment expressed.
And the head of the IDA Mr Shanahan has being making this message crystal clear to American audiences of late on all the major American news and business networks.
Sell the card Brexit is bad for Britain to the world but Ireland remains open for business.
So does Britain. You really are deluded I'm afraid. This country will do very well free of rules and regulations from the world's only declining trading block and we're very much open for business. As our economic indicators are showing.
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Old 26-12-2016, 01:11
aurichie
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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.
Brexit must be stopped, but I don't trust the British people to make the right decision. Politicians must now do their job and act in the national interest. They just need to keep chipping away at brexit until all the bricks have been ground into dust.

The transitional arrangements for 5-10 years is a big first step to stopping brexit forever. It will take stamina and patience, but this us a war we can and must win. In 5 years most of those who voted for brexit will have probably died of old age. Time is on our side.

Playing the long game is how we achieve the final solution for brexit.
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Old 26-12-2016, 01:25
MTUK1
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Brexit must be stopped, but I don't trust the British people to make the right decision. Politicians must now do their job and act in the national interest. They just need to keep chipping away at brexit until all the bricks have been ground into dust.

The transitional arrangements for 5-10 years is a big first step to stopping brexit forever. It will take stamina and patience, but this us a war we can and must win. In 5 years most of those who voted for brexit will have probably died of old age. Time is on our side.

Playing the long game is how we achieve the final solution for brexit.
Parody and delusion. Merry Christmas Aurichie.
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Old 26-12-2016, 01:39
aurichie
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Parody and delusion. Merry Christmas Aurichie.
It's been a really lousy year I've refused to celebrate today, but I'm somewhat optimistic Christmas can be back on the menu in 2017.

I'm just happy more and more remainers are starting to wake up and think of this as a long war we can win after losing a battle. I've been using this arguments for months. Nobody should roll over and accept such a huge change for our country when it didn't command the support of a majority of eligible voters.

The fight must go on....
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Old 26-12-2016, 02:06
skp20040
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Brexit must be stopped, but I don't trust the British people to make the right decision. .

So what you really mean is the will of the electorate must be ignored because it does not suit the losing side . You must be so proud of how you support democracy
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Old 26-12-2016, 02:11
MTUK1
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It's been a really lousy year I've refused to celebrate today, but I'm somewhat optimistic Christmas can be back on the menu in 2017.

I'm just happy more and more remainers are starting to wake up and think of this as a long war we can win after losing a battle. I've been using this arguments for months. Nobody should roll over and accept such a huge change for our country when it didn't command the support of a majority of eligible voters.

The fight must go on....
If the vote has gone in your favour, would you accept if leavers fought for a second referendum?
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Old 26-12-2016, 02:13
aurichie
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So what you really mean is the will of the electorate must be ignored because it does not suit the losing side . You must be so proud of how you support democracy
If a majority of eligible voters had voted to break the status quo and go for brexit then my opinion would be slightly different. Unfortunately, brexiteers didn't win a majority of votes from eligible voters therefore my view is the issue must by thrown back to parliament to decide in our parliamentary democracy. I would think most brexiteers who voted to take back control and protect our parliamentary democracy would support this stance?
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