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Sources at Morgan Stanley tell BBC it's already begun process of moving 2,000 London based investment banking staff to Dublin or Frankfurt
Brexodus 🙂
Brexodus
Bravo - needed something to make me smile...
Similar was reported on 5live approx 20mins ago, they interviewed a woman who voted to leave citing that was one of her main reasons.
Well it's not like they weren't told over and over again that it was a lie - they must be just f***ing idiots.
I suspect quite a lot of people, especially in rural areas are in for a nasty shock as well.
I have to admit I was quite amused that Cornwall overwhelmingly voted leave; and now they have got what they have wanted they have twigged that they are going to be 80 million a year worse off as they were recipients of various EU development grants and they want to know who will be sending them the cash now. Some people don't seem to have figured out until far too late, that you can't have the benefits of the EU if you leave it.
Oh didums
Its not like Boris is going to extend the bedroom tax to your ski chalets is it !!
or are you all worried about the price of this years Audi purchase going up?
Morgan Stanley announce 2000 london jobs to go to Dublin or Frankfurt.
Now denied - no one is going to make any decisions today - we are still in the EU.
R5Live just intereviewed workers in a factory in Midland:"I voted to leave because of the 350 million that could be spent on the NHS. I've woken up today to be told that was a lie. I'm in turmoil"
That is proper, proper sad.
they are going to be 80 million a year worse off as they were recipients of various EU development grants
But the Leave argument would be that it was only UK money recycled with inbuilt inefficiencies and there is nothing to stop a future government setting up similar schemes.
Let's see what comes out of the Leave leaders backtracking now they're shitting themselves. Maybe something like Gordon's tests for the Euro, which were never going to be met, they will fudge it with some sort of 'we'll leave once we've agreed this, this and this with the EU', that they'll never get so never have to leave?
the areas (wales, northern england) who got the most funding from europe all voted to leave.
they all cite us giving money to europe that goes to bail out countries like Greece as being a reason they have less money.
London was probably one of the biggest net losers to europe, as were a majority of the people who voted remain.
All that will happen now is the people who voted leave will expect those areas who wanted to remain to give them more free handouts to spend on booze and fags while they watch their friends and family star on Jeremy Kyle.
i have never begrudged giving money to help those in other countries, EU or not. I am quite proud that as a country we do help others. Today I no longer feel proud of my nationality, I hope that will improve as things get sorted out.
@TGA - quite possibly. Would be an 'honourable' (used very loosely) way out for them. Plus maybe a little more of a sweetner from the EU to boot...
I assume there will now be an emergency budget announcing an increase of 350million spending in the NHS............
Interesting polling from Ashcroft as reported in the Guardian...
A private exit poll conducted on Thursday by the businessman Lord Ashcroft showed that there was no difference between male and female voters – but very sharp differences between voters according to age, ethnicity, education and personal wealth.
Most of those working full- or part-time voted to remain, for example, while most of those who are not working wanted to leave. More than half of those on a personal pension voted to leave, a figure that rose to two-thirds of those on a state pension. Some 55% of those who own their homes outright voted to leave.
The older the voter, the more likely they were to vote to leave: 60% of those aged 65 or more voted to leave, while nearly three-quarters of 18-to-24-year- olds voted to remain.
A large majority of those whose formal education ended at secondary school level voted to leave, while 67% of those with a university degree and 64% with a higher degree voted to remain. More than four-fifths of those voters still in full-time eduction voted to remain.
Among those voters describing themselves as white, 53% voted to leave. More than two thirds of Asian voters and almost three-quarters of black voters wanted to remain. Some 58% of voters who described themselves as Christian voted to leave, while 70% of Muslims voted to remain.
Analysis of voting patterns according to occupation showed that the so-called AB voters – people engaged in professional and managerial work – voted 57% to 43% in favour of remaining in the EU, while C1s – clerical and junior managerial workers – were divided evenly and C2DEs - skilled or unskilled white-collar and manual workers and those receiving benefits - voted overwhelmingly in favour of Brexit.
Ashcroft’s poll also showed that the majority of voters thought the remain campaign would win, including among those who voted to leave.
Isn't spending money on Booze & Fags, one of the most effective ways, of getting money back into the government coffers ?
As opposed to double decaf latte's with mocha sprinkles
It wasn't really lies, we will have control of the 350 millions, it is just that most/all/or more of it will go on administering our borders...
Apparently one of the heads of the eu has said the uk will not regain access to the single market.
Have a feeling that might not be the case but it's going to be an interesting negotiation and i think we will end up with much as we have now, free movement a financial input and that's it
and now ironically Camerons looking for a Job along with the guys n girls from Port Talbot & Cadburys & Citroen & Dagenham etc. etc..
Yeah, right, Cameron will be hurting for a few quid to spend on chips and lager. He will be laughing his ass off, raking it in from his next cushy job, while the dumbos who thought Brexit would magically make everything lovely are huddled round an electric fire in a damp bedsit in Redcar.
Quite interesting summary of the different World leaders take on things, some negative, some positive and some in the middle.
[url= http://www.bbc.co.uk/news/uk-politics-eu-referendum-36614643 ]BBC World Reaction[/url]
Dow Jones falling gently (2.6% on opening)
The big problem facing me is choosing which of the new hospitals that will be going up at a rate of 1 a week to go for my surgery. Decisions decisions.
Lobotomy DrJ?
I think if we go back to that classic meeting between Gordon Brown and the 'bigot' (Gillian Duffy) who had tried to explain her concerns to him about immigration. Well,that seminal moment confirmed to the working classes what the Westminster elite thought of them.
Never since that time have these people been given any appeasement or indication that their concerns were being listened to, let alone addressed. So there should be no surprise that they have spoken in this way. Corbyn is much to blame IMHO, he should be representing these people and seeking ways to keep everyone on message, but unsurprisingly he's been completely useless.
Its all well and good the educated classes dismissing these people as racist xenophobes, but as we've seen they have a vote each and they should have seen it coming. That YouTube vid earlier in the thread from Stoke on Trent was enough warning on its own!
Apparently one of the heads of the eu has said the uk will not regain access to the single market
If we want access to the EU single market then
1) we will have to pay for the privilege
2) we will have to accept free movement of labour.
So the "Norway model" involves paying to be part of a club, accepting their most controversial rules, but not being a member of that club with any influence on the rules it sets or how it works.
http://www.theguardian.com/politics/2016/jun/16/norwegian-model-realities-brexit-norway-uk-eu
[quote=thegreatape ]Let's see what comes out of the Leave leaders backtracking now they're shitting themselves. Maybe something like Gordon's tests for the Euro, which were never going to be met, they will fudge it with some sort of 'we'll leave once we've agreed this, this and this with the EU', that they'll never get so never have to leave?
I'd had similar thoughts. There has to be a way to fudge this provided there's the will to do so.
Dow Jones falling gently (2.6% on opening)
Going back up now 2.14%. And it is still higher than just over a month ago. End of the day a few odd fluctuations in stock markets is just noise in the whole event.
samunkim
Isn't spending money on Booze & Fags, one of the most effective ways, of getting money back into the government coffers ?
Nope, because those same people are the biggest drain on our benefits and support (police/NHS) service. Getting pissed, having a fight on the high street and ending up in hospital with cancer are NOT a proviso for a secure financial future...... 😛
yes but crashtestmonkey the German Finance Minister has already indicated that the UK will probably not get a Norway model - to discourage other EU countries from exit-ing.
Apart from the Greeks who are now worried they will be forced to Grexit as British tourism dries up due to the Pound falling and general Brexit caused recession.
aracer - MemberI'd had similar thoughts. There has to be a way to fudge this provided there's the will to do so.
if the haggling process takes more than a couple of years (from now, which it will), many of the people who voted 'leave' will be dead (from old age). It's quite possible that enough old giffers will have passed on to reverse last night's result.
From a Democratic point of view, there will be an argument (not a great argument) to quietly move on as if nothing happened...
Surely the simple thing to do is to 'negotiate' an exit, but make the terms subject to another referendum. At which point we can say, "no we don't like those terms, we've decided we are going to stay after all."
The UK vote is going to force the EU to change otherwise other countries will follow.
if the haggling process takes more than a couple of years (from now, which it will), many of the people who voted 'leave' will be dead.Posted 2 minutes ago # Report-Post
Funny! A trifle indelicate, but good nonetheless.
And on the dying off basis by the time it happens the majority probably won't want us to leave.
Maybe.
true though innit.
i've got 2 elderly relatives, neither in great health (understatement). they've more or less declared that it was their last wish to vote (leave) in the referendum...
fast forward 2 (or 5) years, and we can safely say their 2 votes will be swapped with 2 (or 5) cousins too young to vote this time.
No point arguing the toss now we've been dealt a set of cards and we will play on .
Interesting to see that the Eurogeezers are not begging us to stay and are infact telling us to get on with it!
Anyone got a feeling we might be about to be made an example of?
That ITV interview is priceless. People really are that stupid.
Well now is a perfect opportunity to learn all about the perils of democracy.
Oh hell yes, we will be made an example of, if only to deter others from doing the same
Why couldn't people have just stuck to this thread? There are 26 threads about the referendum on the front page! I'm going to post this on every thread 😆
Is this a good time to mention a Free Yorkshire?
yes but crashtestmonkey the German Finance Minister has already indicated that the UK will probably not get a Norway model - to discourage other EU countries from exit-ing.
we don't want a Norway model, what is the point of that ?
plus one - MemberNo point arguing the toss now we've been dealt a set of cards and we will play on .
I'm with you, I've been through the seven stages - as Dave knows, you can't un**** a pig.
The Official Leave campaign are being sensible and want to reunite the country and are talking about new links, lots of consultancy with the EU and moving forward – as distasteful as it is, as I see it we’ve got a choice – we can sit and cry and moan or we can move on – I understand their will be days of mistrust and half-baked schemes to reverse it, accusations will fly, but ultimately it’s happened now.
I’m personally going to crack on as I was before, there’s nothing I can do about it right now – but when Bojo fails to build a single hospital, never mind 52 a year, and we suffer however long of worry and tough times before arriving pretty much where we were, but by a different name I’ll remember come May 2020 – and I’m sure everyone else will too – it’s a bitter pill to shallow, but the centre right and far right parties are going to get battered next time the public gets to vote, it’s going to be like ’97 again – hopefully this time whoever we elect won’t turn into a psychopath.
Anyone got a feeling we might be about to be made an example of?
I'm hoping that the British pull out is so obviously a fiasco it puts people off voting Bleu Marine. I suspect European leaders will be thinking along the same lines.
we don't want a Norway model, what is the point of that ?
At what point will people realise that the Norway Model was probably the best deal a departing UK could ever get.
This whole situation is akin to someone mouthing off at and about their employer for months, bragging about how much better their opportunities are relative to their colleagues, and then begging for their job back after one such opportunity doesn't quite work out. We are not bargaining from a position of strength.
Apparently one of the heads of the eu has said the uk will not regain access to the single market
They have to make an example of us to stop the union falling apart.
I for one am happy for them to do so as we (as a country) have made our bed and now we have to lie in it and it would be a real shame to destroy what we have worked to build for decades through our own selfishness and ignorance (as a country). Pretty soon UKIP will have to change it's name to the England and Wales Independence Party.
P-Jay - Memberthe centre right and far right parties are going to get battered next time the public gets to vote...
seeing as how we'll be spending the next 5/10/20 years sorting this mess out, we'll have no time to fix [i]actual[/i] problems.
So the right/far-right will still be able to blame the EU/the BBC/New Labour/Old Labour/immigrants/etc./etc.
and it's easy to blame someone instead of proposing solutions, and it works.
whats EU you lot talking about? the domino starts falling.. the netherlands..Austria..Italia.. France...will have their own referendums soon enough. (yes you know it here first) .. look at the clean slate instead of crying over the dust being wiped off it. .my job might be affected soon as our product relies more on export but i will cross the bridge when I get there...a a Brit always stand tall in the face of adversity 😉
a Brit always stand tall in the face of adversity
You may wanted to stand a little less tall and horde cardboard, as its cold at night under bridges.
I think that other countries will want a referendum but the question asked will be very different . More about changes to the EU rather than out completely .
They have to make an example of us to stop the union falling apart.
The initial rhetoric may be strong but once big business gets a say then things will be toned down. Remember the UK is the 4th biggest market for BMW, Porsche and Audi they will want to protect that. Also companies like Airbus have already said they want the divorce to be amicable.
Is this a good time to mention a Free Yorkshire?
Bit late for that. A week ago and a free Yorkshire could have saved the rest of us a lot of grief.
companies like Airbus have already said they want the divorce to be amicable.
Airbus have also said they are carefully considering their future in the UK
So the market
It's surprisingly and very calmly rallied throughout the day.... well played Mark Carney
And dare I say it ... but Boris' change of tone and performance was very statesman like earlier in the day .... funny how he's not the bubbling fool anymore ??
Crazy that we are trading higher than only last thursday .... Sell the rumour buy the fact
. but Boris' change of tone and performance
i think borris getting heckled put the wind up him
So the marketIt's surprisingly and very calmly rallied throughout the day.... well played Mark Carney
The pound is down 9.26% and FTSE 250 down 7.2%
And you count that as a rally!
The pound is down 9.26% and FTSE 250 down 7.2%And you count that as a rally!
FTSE is down 2.33% and £ down 8% against the $ and 6% against € although that may change again, it's volatile - and yes that's a rally / rebound from early trading.
The 'good' thing about a self-inflicted screw up is that plans were already in place months ago.
So I agree with Ro5ey, Mark Carney (and the hundreds who work for him) are doing very well given the shock this morning.
It's not 'credit crunch' bad when it very much could be, and theres no doubt a lot of 'shorting' going on - the market knows that nothing happens for 2 years from the date the leave process starts so it's not as panicy as it could have been - but next week might be a total bloodbath.
Well well pandora's box is open.
Good old Dave carrying out the tory old guards bidding, a pawn in the bigger game! Having said that he will still be a millionaire, book to follow, after dinner speaking and working as a consultant for an industry lobby group is not so bad eh.
If played right it could work out well for smaller domestic businesses, time will tell.
Britain could become the European super tax haven to beat all tax havens 😆
Excuse my ignorance but where did the BofE find £250 billion?
Must have a bloody big sofa.
BOE can find as much money as it wants - it prints the stuff.
er, small problem with printing money, ask most of the middle african states:
I'd like a loaf of bread please. Certainly sir, that will be 3 million quid:
[img] 
[/img]
😆
never said it was a good idea!
Lower £ must phone round the export customers and tell to buy now.
Your going to have to pay us to stay in the UK now. Free Yorkshire!
If we could just forge an alliance with Lancashire, a toll both on the M1 and M6 should bring in plenty of brass from them that running off to the Independent Scotland.
Free Yorkshire! An it better be free!
Have we discussed Spain sabre-rattling about post-Brexit Gibraltar yet?
http://uk.reuters.com/article/uk-britain-eu-gibraltar-idUKKCN0ZA169
[quote=chestrockwell ]Interesting to see that the Eurogeezers are not begging us to stay and are infact telling us to get on with it!
Juncker and his mates? Well they're bound to say that, because for them the European project is far more important than the countries or indeed the ordinary people. At some point Germany and German businesses will point out to them who is bankrolling the whole thing and to stop trying to cut their nose off. At least that's the level of realism I hope is going to happen, and nothing coming from Merkel or German business leaders seems to contradict the idea that they have no desire to give us the sort of kicking the EU luvvies would like to.
Juncker may not have worked it out yet, but him and that sort of statement is actually part of the problem and the reason there is a growing call from other countries to change things, rather than part of the solution.
GrahamS
Have we discussed Spain sabre-rattling about post-Brexit Gibraltar yet?
http://uk.reuters.com/article/uk-britain-eu-gibraltar-idUKKCN0ZA169
It's ok we'll just send out our massive carrier fleet with all those shiny new attack aircraft on it as a deterrent. Oh, wait a minute.......
Undoubtedly. We need to keep money flowing through London. We're not going to have much to offer apart from tax breaks.Britain could become the European super tax haven to beat all tax havens
I have a feeling we're going to see who really serves the elite (hint: it's the new guys in charge of the Conservative party).
Juncker and his mates? Well they're bound to say that, because for them the European project is far more important than the countries or indeed the ordinary people. At some point Germany and German businesses will point out to them who is bankrolling the whole thing and to stop trying to cut their nose off. At least that's the level of realism I hope is going to happen, and nothing coming from Merkel or German business leaders seems to contradict the idea that they have no desire to give us the sort of kicking the EU luvvies would like to.Juncker may not have worked it out yet, but him and that sort of statement is actually part of the problem and the reason there is a growing call from other countries to change things, rather than part of the solution.
I'm agreeing with Aracer. It really is a day for change.
I think that other countries will want a referendum but the question asked will be very different . More about changes to the EU rather than out completely .
What can they change? As a country they have no power to change anything as the Council of Ministers makes the changes then has them approved, amended or rejected by the Euro MP's.
They can make noise but unless it is in the interest of the other members or more precise in line with the EU ideology then little will happen.
Lets cut to the big question
Does this make London less attractive to Oil Sheiks and Russian Oligarchs?
There are comments on here saying that 'Leavers' should not be dismissed as racist bigots, but here's the thing.
In my experience today, the 'Leavers' (apart from one) fall into one of three categories:
Thick
Racist
Thick and Racist
The odd one out is my dad. I know he is very intelligent and vehemently anti-racist. He was just pissed off with the notion of unelected (by us) bureaucrats making decisions on behalf of this country. I was a bit pissed off by that too, but I guess the main difference between us is that I'll have to live longer with the consequences.
A sad day for Britain. If I see anyone flying a Union Jack in 'triumph' I am going to suggest to them that they might want to consider flying it at half mast.
Dannyh - that must make Mr Dyson a racist!
Dannyh - that must make Mr Dyson a racist
No - because:
In my experience today,
In my experience today, the 'Remainers' fall into one of three categories:Superior
Arrogant
Condescending
FTFY
Dannyh - that must make Mr Dyson a racist!
I was talking about people I know! There are other very small classes involved too. Manipulators with a personal agenda and gain to make are one, others include those that are quite well enough off already to afford to vote leave.
Oh, and I don't have a problem with thick people, mostly. It's just that I wouldn't seek their advice on what to have for tea let alone decide whether to plunge a country into renewed recession.
Pre-vote IQ tests would sort a lot of problems.
Believe me, a lot of folk around the country have trouble with basic adding and stringing a coherent sentence together. It doesn't make them bad people, but it does make them easy to sway and perceive imagined injustices.
Harsh but true.
Superior
In an intellectual sense I think you are right there.
With such intelligence that you hold why could you not talk to them and educate with your knowledge to change their opinion
I'm agreeing with Aracer. It really is a day for change.
Im not quite sure whether to feel complimented or insulted!
dannyh - so you know why everybody else voted Leave and that nobody else thinks like your dad? Out of interest how many Leave voters do you know the reason for their choice? As I wrote above, it's an incredibly unhelpful way to interact with people you hope might change their minds
Prior to the vote I mean. Unless of course those you have been with today you have known from today only
With such intelligence that you hold why could you not talk to them and educate with your knowledge to change their opinion
Because they just wouldn't listen and dismiss me (like all the economic experts) as condescending and superior.
Oh, and please finish a question with a question mark.
genesiscore502011 - MemberWith such intelligence that you hold why could you not talk to them and educate with your knowledge to change their opinion?
Because immigrants.