"By Roger Bootle 10:05PM BST 18 Apr 2010"
thank you for telling us what the torygraph claimed it used to be. We don't know what year his figures refer to, or where he sourced them, because he neglects to tell us. Bad practice.
And what is it now?
UK Finance......
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"By Roger Bootle 10:05PM BST 18 Apr 2010"
thank you for telling us what the torygraph claimed it used to be. We don't know what year his figures refer to, or where he sourced them, because he neglects to tell us. Bad practice.
And what is it now?
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Pretty much the same and nothing close to the lies and propaganda that you are peddling on here.
That's a similar style of smoke and mirrors to that on which the financial services industry is based.
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Financial services makes a big contribution, but it’s unlikely there will be a mass exit. Far more likely that the legal status of EU offices will be changed. If we do crash out there will be a bit of relocating in both directions however.
A bit of a cheek by RBS though, they’ve hardly been model citizens themselves in the last 15 years.
A bit of a cheek by RBS though, they’ve hardly been model citizens themselves in the last 15 years.
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Disgusting isn't it.
It's termed "confidence".
Equates to "baseless ball cocks".
Equates to "baseless ball cocks".
Why don't you peddle an updated source Rog?
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Isn't that the logic that people use for lowering Taxes. If we don't lower them these companies will just leave!
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Thatcher began the decimation of manufacturing and the subsequent rise of the financial sector. Successive governments have not arrested that decline and finance sector has both grown in terms of percentage of GDP and donations to the political parties.
What we are left with is an unbalanced economy. Now any re balancing in favour of manufacturing cannot be done suddenly - these transitions need to be managed. If as it seems Brexit will be abrupt then the country will lose two fold. The rapid cutting back of the finance sector will not be cushioned by any immediate increase in the manufacturing or other sectors.
More worryingly the Government will be left with a situation where large MNCs will extract huge concessions, tax breaks etc to invest - this will lead to either erosion of the tax base or creation of unsecure jobs.
Whatever the ills of the finance industry and they are many, the transition needs to be gradual not sudden.
What we are left with is an unbalanced economy. Now any re balancing in favour of manufacturing cannot be done suddenly - these transitions need to be managed. If as it seems Brexit will be abrupt then the country will lose two fold. The rapid cutting back of the finance sector will not be cushioned by any immediate increase in the manufacturing or other sectors.
More worryingly the Government will be left with a situation where large MNCs will extract huge concessions, tax breaks etc to invest - this will lead to either erosion of the tax base or creation of unsecure jobs.
Whatever the ills of the finance industry and they are many, the transition needs to be gradual not sudden.
The UK's manufacturing industry was ****ed long ago, and that has been predominatly by the left and the unions. It certainly was not an asteroid to kill the dinosaurs this time that's for sure.
So the problems of today, and the future are not casued by any move of the financial sector, but by past events and those responsible for them.
BTW, the infrastructure for financial dealing that exists in London wont be replicated elsewhere for many many years.
So the problems of today, and the future are not casued by any move of the financial sector, but by past events and those responsible for them.
BTW, the infrastructure for financial dealing that exists in London wont be replicated elsewhere for many many years.
No, it was caused by bad management and/or intentional sabotage by Conservative Governments - mainly Thatcher.
Note the Japanese can organise successful manufacturing in Britain.
Note the Japanese can organise successful manufacturing in Britain.
Not all the strikes in the 70's and the stupid union movement at the likes of British Leyland then, which led to the closure and hiving off of all the UK's significant national vehicle industries to foreign companies. Oh no, that was someone elses fault. Even third world countries have their own car industries FFS. But we make do with a few washing machines.
No vehicles, no ships, no planes, no trains. A few diggers and washing machines. Brilliant.
And where did they learn that?
What's our excuse now then Woods? If a foreign company can have a factory up and running in a couple of years in the UK, what is stopping us (UK) from having our own?
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