Renton 22025 Posted October 5, 2016 Share Posted October 5, 2016 It's fucking disgusting if true but uts all BAMFU to CT. Link to comment Share on other sites More sharing options...
Christmas Tree 4857 Posted October 5, 2016 Author Share Posted October 5, 2016 CT, surely you must be able to say that this isn't quite what you had in mind? The Tories have taken this vote and are about to create and isolationist, protectionist hellhole. I'd need to hear a bit more of the detail rather than OMG'ing at the headlines. I think it's probably brought on / aimed at weeding out companies like Sports Direct who try to bring in lots of foreign agency workers because they'll work for nowt. Link to comment Share on other sites More sharing options...
Rayvin 5328 Posted October 5, 2016 Share Posted October 5, 2016 It'll apply to all companies though. We'll have to do it at our business, and I'm can't imagine it's going to make people who have lived and worked here all their working lives, who have paid into the system far more than many people who voted for this, feel particularly welcome in our country. Link to comment Share on other sites More sharing options...
Gemmill 46144 Posted October 5, 2016 Share Posted October 5, 2016 To be fair like, when I worked in America, if someone had told me that the company had to submit my name on a list of foreign workers, I wouldnt have given a shit. It's not like they're going to have to go to the back of the queue in the canteen or drink from a different drinking fountain. Link to comment Share on other sites More sharing options...
Renton 22025 Posted October 5, 2016 Share Posted October 5, 2016 To be fair like, when I worked in America, if someone had told me that the company had to submit my name on a list of foreign workers, I wouldnt have given a shit. It's not like they're going to have to go to the back of the queue in the canteen or drink from a different drinking fountain. Well yeah, but you were working in a different continent with a visa. I think this highlights the massive change that is coming to workers who previously had been completely entitled to work here and now they're already being singled out. And these lists are being published, that's okay? It's a sign of things to come. Link to comment Share on other sites More sharing options...
Rayvin 5328 Posted October 5, 2016 Share Posted October 5, 2016 Well yeah, but you were working in a different continent with a visa. I think this highlights the massive change that is coming to workers who previously had been completely entitled to work here and now they're already being singled out. And these lists are being published, that's okay? It's a sign of things to come. Yep, that's how I see it. If they're starting with this, where will it end up? I don't think ewerk is far off really, tongue in cheek though it was. Link to comment Share on other sites More sharing options...
Renton 22025 Posted October 5, 2016 Share Posted October 5, 2016 I'd need to hear a bit more of the detail rather than OMG'ing at the headlines. I think it's probably brought on / aimed at weeding out companies like Sports Direct who try to bring in lots of foreign agency workers because they'll work for nowt. It's a Tory policy so you'll find a way of justifying it I'm sure. Link to comment Share on other sites More sharing options...
Dr Gloom 22188 Posted October 5, 2016 Share Posted October 5, 2016 It's a Tory policy so you'll find a way of justifying it I'm sure. until the next tory leader comes along and reverses it, in which case he'll perform a perfectly synchronised flip flop. Link to comment Share on other sites More sharing options...
Dr Gloom 22188 Posted October 5, 2016 Share Posted October 5, 2016 sterling hits another new 31 year low, sliding below $1.27, also hitting a new 5 year low against the euro. all business as usual, naturally. Link to comment Share on other sites More sharing options...
Dr Gloom 22188 Posted October 5, 2016 Share Posted October 5, 2016 we're heading for dollar parity, i tell thee Some analysts are predicting the pound could slump even further as the process of leaving the EU gets underway. “The pound’s drop is likely to be a series of spaced out depreciations, with the trigger for weakness being each piece of new information on the economic sacrifice that the UK government is willing to take on the path to Brexit,” Koon Chow, macro and forex strategist at UBP, told the Financial Times. The currency is being rattled by fears about a "hard brexit" that could see UK companies lose access to the single market. Britain’s finance sector is concerned it might lose its “passporting” rights, which ease access to business in the EU’s member states. Last month, Andrew Tyrie, the chairman of the Treasury Select Committee, revealed the scale of the threat to the UK’s financial services sectors, saying nearly 5,500 British firms hold at least one passport to do business in another member state of the EU or the wider European Economic Area (EEA). Link to comment Share on other sites More sharing options...
Rayvin 5328 Posted October 5, 2016 Share Posted October 5, 2016 If that's true, it'd be a good time to buy dollars... Link to comment Share on other sites More sharing options...
Park Life 71 Posted October 5, 2016 Share Posted October 5, 2016 (edited) If that's true, it'd be a good time to buy dollars... Pounds. The intrinsic value of the pound is $1.50 and Euro 1.21-1.23. Euro shock is coming. Watch Deutsche Bank. There are dozens of European Banks staring into the abyss (Italy and Spain). If Hilary wins there will be wars and more borrowing and if Trump wins the American economy will be obliterated. Edited October 5, 2016 by Park Life Link to comment Share on other sites More sharing options...
Rayvin 5328 Posted October 5, 2016 Share Posted October 5, 2016 Pounds. The intrinsic value of the pound is $1.50 and Euro 1.21-1.23. Euro shock is coming. Watch Deutsche Bank. I meant if we know it's going to fall further. Buy now, cash out when it hits parity. Although I also accept that it's going to go back the other way soon... do you think they're going to happen more or less on top of each other? Some people are going to make a killing here. Link to comment Share on other sites More sharing options...
Dr Gloom 22188 Posted October 5, 2016 Share Posted October 5, 2016 the sterling sell off will continue for a while. investors with a long view might wait a while before buying at the bottom of the market. it's got a way to fall yet, i fear. Link to comment Share on other sites More sharing options...
Park Life 71 Posted October 5, 2016 Share Posted October 5, 2016 (edited) I meant if we know it's going to fall further. Buy now, cash out when it hits parity. Although I also accept that it's going to go back the other way soon... do you think they're going to happen more or less on top of each other? Some people are going to make a killing here. https://www.ft.com/content/42ec5f88-8620-11e6-a29c-6e7d9515ad15 Merkel has said it won't get state money. I think it might and when that starts the real attacks will come cause it will be a feeding frenzy. Hedge funds see state help as a green light to attack sensing the free flow of taxpayer money. Commerzbank is also shaky (second biggest lender). Now the real game is that the German banks are holding up the Euro and have lines of credit to the ECB. They will probably get this wrong and the Euro will start to fall fast. Every day here some geezer comes on the radio and says the bank is liquid. Edited October 5, 2016 by Park Life Link to comment Share on other sites More sharing options...
Gemmill 46144 Posted October 5, 2016 Share Posted October 5, 2016 If that's true, it'd be a good time to buy dollars...Alright Gordon Gecko. Link to comment Share on other sites More sharing options...
Rayvin 5328 Posted October 5, 2016 Share Posted October 5, 2016 Sorry, Gemmill. Link to comment Share on other sites More sharing options...
Park Life 71 Posted October 5, 2016 Share Posted October 5, 2016 (edited) In April of 2014, Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support it’s capital structure. Why? 1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount. Why again? It was a move which raised eyebrows across the financial media. The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity. Something was decidedly rotten behind the curtain. Fast forwarding to March of this year: Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure. In April, Deutsche Bank confirms it’s agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR. The bank is saddled with a massive $2.1 billion payment to the DOJ. (Still, a small fraction of their winnings from the crime). In May, one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority by the board of directors. We guess that this is a “crisis move”. In times of crisis the power of the executive is often increased. June 5: Greece misses it’s payment to the IMF. The risk of default across all of it’s debt is now considered acute. This has massive implications for Deutsche Bank. June 6/7: (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company. (Just one month after Jain is given his new expanded powers). Anshu Jain will step down first at the end of June. Jürgen Fitschen will step down next May. June 9: S&P lowers the rating of Deutsche Bank to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even lower than Lehman’s downgrade – which preceded it’s collapse by just 3 months http://www.nytimes.com/2016/09/29/business/dealbook/deutsche-bank-is-the-darling-of-the-short-sellers.html?_r=0 When it goes it will take the euro with it because there will be no backstop for the ECB. Edited October 5, 2016 by Park Life Link to comment Share on other sites More sharing options...
adios 717 Posted October 5, 2016 Share Posted October 5, 2016 *its Link to comment Share on other sites More sharing options...
Renton 22025 Posted October 5, 2016 Share Posted October 5, 2016 Interesting that this isn't news but a bloke on the internet knows about it. My conclusion of that marrying a German inevitably leads to a jaundiced view of deutchland and by extension the EU..... Link to comment Share on other sites More sharing options...
Billy Whitehurst 936 Posted October 5, 2016 Share Posted October 5, 2016 There are 8 people in the team I work in. Only 2 of us are British. The people hired into the team are hired on merit. We could have hired British people who could do the job. However, we instead hired candidates who we believed would be the best at the job, it just so happened that the majority weren't British. This policy of only hiring non British people if there are no British candidates would have a considerable impact on productivity not to mention making us look like a bunch of racists. Link to comment Share on other sites More sharing options...
NJS 4411 Posted October 5, 2016 Share Posted October 5, 2016 (edited) I work for a foreign company and the work force is incredibly diverse. There was an email after the vote saying they'd do their best to look after any EU citizens affected but obviously the tories have now extended the witch hunt beyond that. A combination of the loss of passporting and any kind of interference in hiring practices will have a lot of banks and other institutions eyeing a move. Damaging the economy to shore up power by pandering to daily mail scum. Brilliant. Edited October 5, 2016 by NJS Link to comment Share on other sites More sharing options...
Meenzer 15742 Posted October 5, 2016 Share Posted October 5, 2016 It's okay though, we're graciously allowing doctors to stay here until we don't need them any more, then they can sling their hook. I can't see why they wouldn't be happy with that. Link to comment Share on other sites More sharing options...
Dr Gloom 22188 Posted October 5, 2016 Share Posted October 5, 2016 great news for all the aspiring british cleaners, dishwashers and waitresses Link to comment Share on other sites More sharing options...
Alex 35653 Posted October 5, 2016 Share Posted October 5, 2016 It's okay though, we're graciously allowing doctors to stay here until we don't need them any more, then they can sling their hook. I can't see why they wouldn't be happy with that. Only to invite them back after the newly trained junior doctors fuck off to a country where they receive better pay and have better conditions. Link to comment Share on other sites More sharing options...
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