Evil8Beezle:
The-Snowman:
Call me a miserable old cynic but I cant help but feel these big companies have no plans to move but are instead just trying to frighten people so that if/when it is announced that Britain will not now be leaving the EU, the masses dont revolt and riot because it’ll be “Oh thank god. Businesses were going to be pulling out. It would have been a disaster”. The government have told them this is the way to get enough people to want to reverse their vote to make us stay. Either that or they are trying to force the Governments hand to give them big tax breaks to “sweeten” them into staying. Either way, it smells a bit fishy to me.
Lets not be naive here, mega companies like BP, Aviva, M&G etc control the government and not the other way around so to say they are pulling out so soon after the vote when article 50 isnt even invoked yet is, to me, some sort of cynical move that is playing on peoples fears right now and they are using it for their own means to get what they wantNo mate, you’re a miserable cynic, I’m an older miserable cynic and agree!
No, re read the article. It is not saying big businesses are pulling out.
“The rush by private investors to withdraw funds…”
So many people are trying to sell investments in UK property that the property funds don’t actually have the liquidity to be able to hand over the cash. Like a run on the banks. So they have frozen them. That is, ceased trading them and told the people who want to sell that they can’t.
"…halted withdrawals because they don’t have enough cash to immediately repay investors. "
First Brexiters dismiss predictions of economic turbulence as “project fear”, then when they start happening they say it is a plot to reverse the decision. ! Too late.
As was said before the vote, it is the working classes who will be paying the price.
As can be seen on here, so many people can’t see past the immigration issue that they’ll cut their own nose off to spite their face.
The vote was about economics. Business and trade. Not stopping muslims invading.
Harmonising laws across the countries might feel like a “diktat” and is easily portrayed as such by the Daily Mail, but it simplifies procedures so we can easily trade and generate wealth. Now we can “take back control” it is only going to complicate matters and make it harder for international commerce. How can that be a good thing?
Edit to add:
You mention tax breaks to keep business here. Yes, absolutely. They will be looking at slashing corporation tax as a sweetener, but not only that. Other things that will attract businesses here will be things like a reduction in worker’s rights. Expensive things that businesses are currently forced to do, like maternity/paternity pay holiday, sickness, unfair dismissal. All that kind of stuff. Tory gov will have a field day getting rid of all that. They can’t at the moment because the EU demands minimum standards across the board. You think any of that is going to be making the poor British worker better off? I don’t. Those are the EU diktats they are so keen to cast off.