BREXIT - leave or remain?

[Deleted]

Stock exchanges are not the only measure of a financial centre. You are ignoring banking, insurance, etc.

So can you provide an alternative ranking, or not?

You are moving the goal posts.

[Kalis]

You are moving the goal posts.

"...the UK economy is the second largest in the EU, with a financial centre that is recognised as one of the top two in the world."

Nope, they are in the exact same position.

[paralleluniverse]

If a vote to leave does not disintegrate the EU, it would not have been worth it.

[Huehuecoyotl]

the UK economy is the second largest in the EU, with a financial centre that is recognised as one of the top two in the world.

And if we vote out, that financial center will be looking east to mainland Europe. Where they will be warmly welcomed by any one of a number of countries that covert it. You honestly think there would be a single thing keeping them in the UK at that point?

Our economy will already be in trouble. We lose the finance sector as well and we will be facing the worst depression in living memory.

[Deleted]

I'm from EU and I really don't want to see UK leave. It's mostly because of Europe as a whole, we're facing all of these problems and this is the worst time to fall apart, hell, this is exactly what those people who want to see Europe as a whole fail, want, to fall apart all around and then destroy it.

EU has it's problems, no doubt about it, but at least it's a step in right direction, we must unite or else we'll see wars all over Europe again and we all know how bloody things get when wars start to build up on European soil. I know it sounds far-fetched, but with all troubles brewing all around people get agitated.

[Kalis]

And if we vote out, that financial center will be looking east to mainland Europe. Where they will be warmly welcomed by any one of a number of countries that covert it. You honestly think there would be a single thing keeping them in the UK at that point?

Our economy will already be in trouble. We lose the finance sector as well and we will be facing the worst depression in living memory.

I am pro-EU membership, but I am also anti-nonsense and the post I was replying to was complete nonsense.

It is not true that there would be nothing keeping financial services within the UK, we have a mature and experienced market, we would also be able to offer financial incentives for businesses to operate.

The biggest problems are that the EU would want a major financial centre within it and that would increase competition, which in turn drives down revenue in the City.

It would be a race to the bottom and that is never a good idea.

[Slant]

You are moving the goal posts.

As much as I hate it, he's not. Kalis has always talked about "financial centres". That you reinterpret that to mean stock exchange is on you, not him.

[Huehuecoyotl]

I am pro-EU membership, but I am also anti-nonsense and the post I was replying to was complete nonsense.

It is not true that there would be nothing keeping financial services within the UK, we have a mature and experienced market, we would also be able to offer financial incentives for businesses to operate.

The biggest problems are that the EU would want a major financial centre within it and that would increase competition, which in turn drives down revenue in the City.

It would be a race to the bottom and that is never a good idea.

And financial centers work on volume. The EU version will be significantly larger, which will drive the companies to relocate. So yes, our market is mature and experienced, but there is also very little keeping it tied to London. And that is just one of the major risks we will be facing in the event that Leave win.

We have a choice between a future where we are involved with Europe, helping to steer it; or a future where we are detached from Europe politically and emotionally, but still unquestionably tied in trading terms. If Europe fails, we will still suffer as a result.

Boris used an analogy the other night, that we are in the EU car, but with no control over it. Which isn't strictly true of course, because we are one of the hands on the wheel, but there are a couple of dozen others as well. His solution appears to be for us to leave the car, and sit in a trailer being pulled along behind it. Then we definitely can't help to direct the car, but if it ends up going off a cliff, we will still go with it. How can that possibly be better, especially when our leaving actually makes that cliff more likely?

[Kalis]

And financial centers work on volume. The EU version will be significantly larger, which will drive the companies to relocate. So yes, our market is mature and experienced, but there is also very little keeping it tied to London. And that is just one of the major risks we will be facing in the event that Leave win.

It is not true that there will be little keeping it tied to London, large parts will leave, but the larger part will stay. The problem is that we need to grow the City, not have it shrink, hence why leaving is bad.

Us leaving is also bad for the EU, they end up with a major financial centre on its border that will be cutthroat in trying to poach business from any EU financial centre. It is lose-lose for everybody.

[Underverse]

You guys should stay.

Leaving is a petty populist, nationalist, protectionist position. None of these are good things. Oh and if you leave, you basically just let Germany conquer Europe. Gratz!*

*Which I have no problem with, since Germany seems to be the only other country that can pull its own weight. Unlike Great Britain, however, they're actually trying to help others instead of pushing for isolationism. It'll pay off for them in the end.

[Daljo]

Oh and if you leave, you basically just let Germany conquer Europe

Well at least they have experience in that field already.

[Kalis]

You guys should stay.

Leaving is a petty populist, nationalist, protectionist position. None of these are good things. Oh and if you leave, you basically just let Germany conquer Europe. Gratz!*

*Which I have no problem with, since Germany seems to be the only other country that can pull its own weight. Unlike Great Britain, however, they're actually trying to help others instead of pushing for isolationism. It'll pay off for them in the end.

The UK leaving possibly opens the way for a French takeover, as protectionist nations will be the largest bloc in the EU.

[Underverse]

The UK leaving possibly opens the way for a French takeover

said no one, ever

In all seriousness though, why do you think France is going to emerge as a major player? They've been stagnating for years

[Kalis]

said no one, ever

In all seriousness though, why do you think France is going to emerge as a major player? They've been stagnating for years

There are effectively two economic blocs in the EU - free trade and protectionist - UK, Germany, Ireland and some others are in the free trade bloc, whilst France is the main player in the protectionist bloc.

With the UK, the free trade bloc and protectionist bloc cancel each other out, so any legislation has to satisfy both camps otherwise is will get blocked. Without the UK the protectionist bloc cannot be blocked.

[dribbles]

France is even more Eurosceptic than the UK and will be out of the EU as soon as it gets a referendum.

[Kalis]

France is even more Eurosceptic than the UK and will be out of the EU as soon as it gets a referendum.

There is a decent chance that us leaving the EU brings the whole thing tumbling down.

Not so much us taking our ball and going home, more puncturing it then buggering off.

[Deleted]

Leave! No brainer.

[ati87]

So question to all of those anarchist...

How does leaving the EU help you get a better deal (cherry pick the good parts) if you just want to see the EU itself burn?

I don't think you can get a better deal if you indirectly end up destroying your partner?

[dribbles]

There is a decent chance that us leaving the EU brings the whole thing tumbling down.

Exactly what George Soros recently said and is banking on

“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,”

[risingforce]

Voting to leave.

I am sick of the EU bureaucracy and cowardice. The money that leaves our country whilst the EU controls our nation are terrible things but I hate the most that our nation has become a laughing stock of the world; we have an open door to migration from within the EU and our Welfare is abused as a result. That is just too much and after a generation it's reached breaking point.

It's time we stood proud and took back control of our country's laws, economy, rights and taking Brussels' meddling out of the equation is the only way we're going to do it.

It's not about burning bridges, it is about setting a precedent and delivering change.