Yet another milestone under the leadership of the party of fiscal responsibility and sound economics (TM).
​
Mind you PM May did say she wanted a red white blue Brexit didn’t she?
May be she was thinking of the French Flag?
I guess we need to “level up” our exports of sovereigntea
Don’t worry folks, Singapore on Thames is just round the corner!
Going to get ever worst for the foreseeable future with the ever looming amount of tax increases in the future.
This was predicted, it was said out loud by many of the financial institutions and it was slammed as project fear!
Good old brexit ,the gift that keeps on giving!
So much for “at least we have the financial sector in London going for us”. Maybe this will lead to a much-needed realignment of our economy away from financial services as the be-all and end-all.
The Tories have really been so good for this country haven’t they?
Christ. We can’t survive any more Tory rule.
Yes, but they’ll come back – they need us far more than we need them
/s
it’s absolutely wild how people didn’t see how sweet we had it in the EU.
Amazing! Can’t wait to see more shitshow due to the self inflicted Brexit wound.
More project reality.
Oh and because the newspaper running the story is based in Singapore they’ve no real stake in the Brexit vs Remain game.
I can’t believe we robbed and exploited all of those weaker countries for centuries, just to piss it all away in a few years because of the incompetent and corrupt. Well done, guys!
*slow claps*
I can’t believe the last labour government have done this.
​
Never. Vote. Conservative.
How though, the FTSE 100 is just under all time highs.
Would have “liked” but I don’t like the consequencs of this utter calamity influcted on us.
I mean….the stock market is just a massive crime syndicate so….no loss there really.
This will attract some heat but this isn’t directly due to Brexit, at least not directly due to any regulatory issues that impact company listings or the financial sector because the UK is no longer in the single market.
It’s primarily due to the overall downturn in the markets and a slump of the exchange rates against the dollar.
That said Euronext Paris isn’t a particularly healthy exchange, 4 out of the top 5 and 7 out of the top 10 of the companies listed on it by market cap are consumer luxury goods megacorps, with LVMH, Loreal, and Hermes occupying the top 3 positions.
This is why CAC 40, dropped by over 2000 points, or by more than a third within 2 weeks in Feb 2020, and why many index funds exclude luxury l brands like LVMH, Hermes, Dior and Kering despite them sitting comfortably within the top 10 on ENP.
Time for some actual information to counter a pointlessly inflammatory headline:
Firstly, this isn’t great, but it’s also not a disaster. A weak pound and strong dollar definitely has a part to play here.
The stock market does not encapsulate the financial services industry on which London, and most of us really, relies.
Financial services, broadly, includes: insurance, accounting, asset management, investment banking, stock brokerage, banking and plenty, plenty more. In short: it doesn’t depend on the performance of a single stock exchange.
London provides these services on a global scale. And that isn’t changing.
This type of article is relying on misinformation to stimulate an overreaction from the readers.
Who needs a stock exchange when you get paid-n-and, ain’t I that right lads!?
$1,500,000,000,0000
An incomprehensible number. That’s the difference between the UK and French Stock exchange prior to Brexit, and the amount France managed to catch up with after 6 short years.
Pretty sure Germany or France will become the main air hub in Europe soon. Heathrow will lose its spot.
I want to print out a load of stickers similar to the Biden ones saying “I did that”, but with Farage, Cameron, etc and every time something like this happens, just stick them on… something, I don’t know, something that relates.
Or another sticker saying ‘thanks Brexit’
I hope Nigel Farage and the rest of far right lunatics are happy now.
The Brexit Le Dividende
Nobody said who was going to benefit from it I guess 😂
Are we allowed to mention it could be due to the B word yet, or do we still have to pretend it was an great idea. The benifits are just around the corner
This would be one of those ‘Brexit benefits’ we were promised, right?
It’s all project fear. Don’t worry they’ll come crawling back /s
I can’t believe Asylum seekers, Putin and Jeremy Corbyn did this!!
They said this wouldn’t happen – they said it was project fear!
This is a real shame. The Brexit promises don’t appear to be coming true.
Wow, that’s a huge loss for us, finance is about all this country has going for it and we’ve lost even that now.
Why have the representatives from the Leave campaign not been lined up and shot yet? They tricked 51% of the population and then walked away the next day. No accountability in politics.
33 comments
Yet another milestone under the leadership of the party of fiscal responsibility and sound economics (TM).
​
Mind you PM May did say she wanted a red white blue Brexit didn’t she?
May be she was thinking of the French Flag?
I guess we need to “level up” our exports of sovereigntea
Don’t worry folks, Singapore on Thames is just round the corner!
Going to get ever worst for the foreseeable future with the ever looming amount of tax increases in the future.
This was predicted, it was said out loud by many of the financial institutions and it was slammed as project fear!
Good old brexit ,the gift that keeps on giving!
So much for “at least we have the financial sector in London going for us”. Maybe this will lead to a much-needed realignment of our economy away from financial services as the be-all and end-all.
The Tories have really been so good for this country haven’t they?
Christ. We can’t survive any more Tory rule.
Yes, but they’ll come back – they need us far more than we need them
/s
it’s absolutely wild how people didn’t see how sweet we had it in the EU.
Amazing! Can’t wait to see more shitshow due to the self inflicted Brexit wound.
More project reality.
Oh and because the newspaper running the story is based in Singapore they’ve no real stake in the Brexit vs Remain game.
I can’t believe we robbed and exploited all of those weaker countries for centuries, just to piss it all away in a few years because of the incompetent and corrupt. Well done, guys!
*slow claps*
I can’t believe the last labour government have done this.
​
Never. Vote. Conservative.
How though, the FTSE 100 is just under all time highs.
Would have “liked” but I don’t like the consequencs of this utter calamity influcted on us.
I mean….the stock market is just a massive crime syndicate so….no loss there really.
This will attract some heat but this isn’t directly due to Brexit, at least not directly due to any regulatory issues that impact company listings or the financial sector because the UK is no longer in the single market.
It’s primarily due to the overall downturn in the markets and a slump of the exchange rates against the dollar.
That said Euronext Paris isn’t a particularly healthy exchange, 4 out of the top 5 and 7 out of the top 10 of the companies listed on it by market cap are consumer luxury goods megacorps, with LVMH, Loreal, and Hermes occupying the top 3 positions.
This is why CAC 40, dropped by over 2000 points, or by more than a third within 2 weeks in Feb 2020, and why many index funds exclude luxury l brands like LVMH, Hermes, Dior and Kering despite them sitting comfortably within the top 10 on ENP.
Time for some actual information to counter a pointlessly inflammatory headline:
Firstly, this isn’t great, but it’s also not a disaster. A weak pound and strong dollar definitely has a part to play here.
The stock market does not encapsulate the financial services industry on which London, and most of us really, relies.
Financial services, broadly, includes: insurance, accounting, asset management, investment banking, stock brokerage, banking and plenty, plenty more. In short: it doesn’t depend on the performance of a single stock exchange.
London provides these services on a global scale. And that isn’t changing.
This type of article is relying on misinformation to stimulate an overreaction from the readers.
Who needs a stock exchange when you get paid-n-and, ain’t I that right lads!?
$1,500,000,000,0000
An incomprehensible number. That’s the difference between the UK and French Stock exchange prior to Brexit, and the amount France managed to catch up with after 6 short years.
Pretty sure Germany or France will become the main air hub in Europe soon. Heathrow will lose its spot.
I want to print out a load of stickers similar to the Biden ones saying “I did that”, but with Farage, Cameron, etc and every time something like this happens, just stick them on… something, I don’t know, something that relates.
Or another sticker saying ‘thanks Brexit’
I hope Nigel Farage and the rest of far right lunatics are happy now.
The Brexit Le Dividende
Nobody said who was going to benefit from it I guess 😂
Are we allowed to mention it could be due to the B word yet, or do we still have to pretend it was an great idea. The benifits are just around the corner
This would be one of those ‘Brexit benefits’ we were promised, right?
It’s all project fear. Don’t worry they’ll come crawling back /s
I can’t believe Asylum seekers, Putin and Jeremy Corbyn did this!!
They said this wouldn’t happen – they said it was project fear!
This is a real shame. The Brexit promises don’t appear to be coming true.
Wow, that’s a huge loss for us, finance is about all this country has going for it and we’ve lost even that now.
Why have the representatives from the Leave campaign not been lined up and shot yet? They tricked 51% of the population and then walked away the next day. No accountability in politics.