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I haven't read the Express in a long long time but for how long have those cnuts had a Crusader logo on for. Not even subtle in their scummery
 
FlawlessThaw said:
FFS
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I read the text below the compensatory large headline and they actually said "This news backs up the Daily Express crusade for Britain to speed up its departure" despite printing that same message on the front page anyway.
 
FlawlessThaw said:
What are you on about? Crusaders are a religion of peace?
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Absolutely, I mean you can't judge them all on the violent minority. Look at the symbol it has a shield to symbolize defence and protection of the weak and we all know the crusades were a defensive movement set up to protect the Christians from Islamic imperialism. They built hospitals and everything. Or not
 
Untied said:


BOOMING I TELL YOU. BOOMING
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12 hours later...

Lloyds cuts a further 3,000 jobs and doubles branch closure plan

Brexit effect
Underlying profits at Lloyds Banking Group fell by 5%, and chief executive Antonio Horta-Osorio warned that he expects a "deceleration of growth" following the UK's decision to leave the EU.

The Group said the increased cost-cutting was as a result of the change in how people do their banking, and due to the chances of interest-rates staying low in the wake of Brexit. But Mr Horta-Osorio emphasised that Lloyds was in a "strong position to withstand the uncertainty" created by the vote. Almost 10% of Lloyds is still owned by the British taxpayer. Lloyds shares fell almost 4% in early trading.

Laith Khalaf, analyst at Hargreaves Lansdown, said that despite Lloyds' attempt to set out its stall as a "multi-channel bank", the reality is that "demand for banking services is moving online, and so banks must follow where their customers lead, and ultimately that doesn't bode well for high street branches". He added that while the Brexit vote had hit Lloyds, "it remains a strong bank", and the impact of the vote will probably be felt most by shareholders, who may receive less cash this year.

Rob MacGregor, the national officer for Unite, which represents some Lloyds staff, called the job cuts a "further body blow to the UK economy".

"These are permanent jobs that are being lost," he said. "As a country, we can't afford to lose these jobs in a challenging post-Brexit world."
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BOOMING!
 
RedSky said:
12 hours later...

BOOMING!
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I tell you its all the fault of this suspiciously continental fella called Antonio Horta-Osorio. It will be alright once he is deported back to where ever he is from.

Nothing that some bloke with a cockney accent, with a fag in one hand and a pint in the other cant fix. :lol:
 
It does piss me off though that this action was in the wake of them doubling their profits last year. Pricks.
 
PedroMendez said:
I don´t think that it is just down to Brexit.
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It's not at all, they're transitioning so they remain as profitable as possible in future. From a business perspective it makes perfect sense, but when you've just cleared 2.5 billion in a year, its a bit of a spit in the face of the 3000 people losing their jobs. It's capitalism at its most unpleasant*.

*That's not true obviously, capitalism can be far, far worse when it puts its mind to it.
 
One thing is for businesses to downsize in prparation for Brexit but another, not yet clear, is how attractive will the UK be for those from Europe wanting to invest in the UK in future ? Will post Brexit red-tape be any better than now ?
 
Kentonio said:
It's not at all, they're transitioning so they remain as profitable as possible in future. From a business perspective it makes perfect sense, but when you've just cleared 2.5 billion in a year, its a bit of a spit in the face of the 3000 people losing their jobs. It's capitalism at its most unpleasant*.

*That's not true obviously, capitalism can be far, far worse when it puts its mind to it.
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I dunno. It's obviously bad news for the people losing their jobs, but it's pretty obvious that the banking sector is going through pretty major structural change, and not just on the regulatory front. People just don't really go in branches anymore, so it was inevitable that the rise of online banking would lead to branch closures. Within a generation you wonder if they'll have many, or even any, left at all.
 
In Africa telecommunication corporations are offering banking services. I wonder if the same trend could catch on in other parts of the world; especially Europe. Orange is trying to enter the French market next year, so there is some movement. It is a weird one, but the bottom line is that banks face a lot of pressure to adapt/innovate.
 
"Flagship" branches might be the new thing. Seen a couple around but never been in. All high-tech stuff. It'll surely only take a few more years for mobile phone payment to real take off ? Fewer young people are going to the bank itself for advice so Banks are going to them via the social media etc. A new industrial revolution is on the way. How ill it affect Jobs ?
 
Only time I've been into a bank in the last 5 years was to open a new account and to deal with a stolen bank card, and only then because they said it was necessary.
 
www.reuters.com/article/us-britain-eu-nissan-idUSKCN10G0LM

Nissan says Brexit deal will determine future UK plant investment: BBC
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not particularly surprising or deep, but their conclusion affirms what you´d expect. The ifw-Kiel publications are usually pretty good and worth reading. A couple of excellent economists are working for them.

https://www.ifw-kiel.de/wirtschafts...olitik/kiel-policy-brief/kpb-2016/kpb_100.pdf


This paper reviews the response of the European stock markets to the Brexit referendum. We
analyze the correlation of market indices, stock volatility and the special role of stocks from
the financial sector. While the impact of the vote was very similar for the stock markets in
France, Germany and Spain, in Italy volatility among financial stocks intensified permanently.
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V. CONCLUSIONS
The Brexit vote had similar effects in Germany, France, Spain and Italy. The stock prices declined sharply and returned close to their previous levels within 3 weeks. In the UK and Italy the volatility after the vote peaked highest. Although the Italian market is the one least connected to the UK under normal circumstances, the strong downward movement of Italian stocks from the financial sector make this market stand out in its reaction to the referendum. Spikes of volatility of financial stocks in Italy long before the Brexit vote indicate that uncertainly was present in the market before but that this uncertainty has manifested itself ever since.
But also in other countries, and foremost in the UK, the prices of stocks from the financial sector have only recovered partly. Uncertainty about necessary changes in the future EU financial infrastructure remains, together with very pragmatic questions about the market access of UK-based financial institutions to the EU.
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https://www.reddit.com/r/IAmA/comme...eu_law_legal_experts/?st=irhxcjgk&sh=7effb138
 
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Weren't unemployment rates at a record low?
 
Who watched Faisal Islam's Brexit documentary? Thought he was decent.
 
It seems that China aren't very happy regarding Hinkley and has threatened to give the UK quite a hard time regarding trade deals. If China is out, whose next? Maybe the US of the crazy nurse or nazi EU?
 
devilish said:
It seems that China aren't very happy regarding Hinkley and has threatened to give the UK quite a hard time regarding trade deals. If China is out, whose next? Maybe the US of the crazy nurse or nazi EU?
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Was thinking of posting the same thing but this thread has been dead for a while.
I am convinced the people in government are loons.
To be fair, China would never allow a foreign government invest in their power supply.
 
Adisa said:
Was thinking of posting the same thing but this thread has been dead for a while.
I am convinced the people in government are loons.
To be fair, China would never allow a foreign government invest in their power supply.
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I agree. There again, China is not the UK. Its a financial and military superpower. In many ways its closer to the EU and the US rather then the UK.

Brexit will hurt both the UK and the EU who had been the UK's biggest allies in the past years. Being smaller, the UK will be vulnerable to bullying from the big boys especially considering its colonial past and their recent behaviour (ie blaming everything on immigrants, appointing someone who practically insulted everybody of note as foreign minister etc) . There's some very angry countries out there who want to get 1 past the Brits.
 
devilish said:
I agree. There again, China is not the UK. Its a financial and military superpower. In many ways its closer to the EU and the US rather then the UK.

Brexit will hurt both the UK and the EU who had been the UK's biggest allies in the past years. Being smaller, the UK will be vulnerable to bullying from the big boys especially considering its colonial past and their recent behaviour (ie blaming everything on immigrants, appointing someone who practically insulted everybody of note as foreign minister etc) . There's some very angry countries out there who want to get 1 past the Brits.
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It also makes the idea we can force huge countries to give us favourable trade deals, pie in the sky stuff.
 
Adisa said:
It also makes the idea we can force huge countries to give us favourable trade deals, pie in the sky stuff.
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Coming from one of the smallest countries in the world, whose politicians had to negotiate with regimes throughout most of my life I am sort of an expert on that. The big fish will always bully the smaller one irrespective how smart the small fish is. There will be plenty of humble pie to eat after Brexit.
 
devilish said:
It seems that China aren't very happy regarding Hinkley and has threatened to give the UK quite a hard time regarding trade deals. If China is out, whose next? Maybe the US of the crazy nurse or nazi EU?
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I read an interesting article in the Telegraph about the economics of the Hinkley deal. Basically it will supply electricity to the grid for 35 years at a price guaranteed at twice the present level. This at a time when energy prices are falling, and renewables, particularly wind, look set to make a major and cheaper contribution.

If it goes ahead, Hinkley could turn out to be an £18B white elephant.
 
Will Absolute said:
I read an interesting article in the Telegraph about the economics of the Hinkley deal. Basically it will supply electricity to the grid for 35 years at a price guaranteed at twice the present level. This at a time when energy prices are falling, and renewables, particularly wind, look set to make a major and cheaper contribution.

If it goes ahead, Hinkley could turn out to be an £18B white elephant.
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I am not interested in Hinkley TBH but how everyone is exploiting the UK precarious situation. Would China act like cnuts if they risked damaging the relationship with all Europe instead? I doubt it.
 
devilish said:
I am not interested in Hinkley TBH but how everyone is exploiting the UK precarious situation. Would China act like cnuts if they risked damaging the relationship with all Europe instead? I doubt it.
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That's very speculative. No decision has yet been made on Hinkley, and it's natural that the Chinese would be unhappy about its possible cancellation.
 
Will Absolute said:
That's very speculative. No decision has yet been made on Hinkley, and it's natural that the Chinese would be unhappy about its possible cancellation.
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And its also natural for them to be difficult in terms of trade deals if they lose out. Will the UK afford not having a trade deal with China especially if the EU decides to be difficult too (and rightly so). How will the US act knowing that the UK is desperate for a trade deal with them and considering the UK foreign minister is a cnut?
 
devilish said:
And its also natural for them to be difficult in terms of trade deals if they lose out. Will the UK afford not having a trade deal with China especially if the EU decides to be difficult too (and rightly so). How will the US act knowing that the UK is desperate for a trade deal with them and considering the UK foreign minister is a cnut?
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Trade deals aren't a favour granted by one country to another. They're based on mutual interests.
 
Will Absolute said:
Trade deals aren't a favour granted by one country to another. They're based on mutual interests.
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You're right. However do you think that its very wise to piss off a superpower that hardly needs the UK especially since the UK has got alot of angry neighbours around? Whose in a position of strength, a market with 1,327 billion or one with 64 billion?
 
devilish said:
You're right. However do you think that its very wise to piss off a superpower that hardly needs the UK especially since the UK has got alot of angry neighbours around? Whose in a position of strength, a market with 1,327 billion or one with 64 billion?
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It's awkward for Britain. Cameron's determination to forge a strong economic relationship with China has put his successor in a difficult position. The post-Brexit timing, with new trading deals in the offing, doesn't make things any easier. Historically the Chinese can be touchy. Theresa May has a tough decision to make.
 
Will Absolute said:
It's awkward for Britain. Cameron's determination to forge a strong economic relationship with China has put his successor in a difficult position. The post-Brexit timing, with new trading deals in the offing, doesn't make things any easier. Historically the Chinese can be touchy. Theresa May has a tough decision to make.
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Now Boris is going to meet the Dobby the House Elf to try and 'normalize' things with Russia. The UK will hope that Putin is not the ruthless and manipulative tyrant, Boris thought he was. That does sound a bit desperate TBH
 
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