I’m fascinated by the ‘zombie apocalypse’ in modern movie folklore… because I don’t see much difference between Hollywood and real life in regards to this.
I’m always carrying self defence weapons (legal ones of course), but really I should be armed up with guns, crossbows, throwing knives etc.
The United Kingdom is in the wake of a real life zombie apocalypse! Like 28 Days Later (or the sequel 28 Weeks Later)… the majority of the population are now so stupid I regard them as a zombie species… and if I could, I would literally be shooting them in the face as soon as they tried infecting me with their ignorance and stupidity.
(Brexit: EU spy chiefs brand UK ‘unstable’ and warn of violence including rioting)
“Danny… what are you’re views on Hard Brexit or No Deal?”
CROSSBOW IN THE EYESOCKET STRAIGHT IN THE ‘BRAIN?’
“Danny… do you think Conservative policies are to blame for…
SHOTGUN SHELL BLOWS THEIR HEAD OFF!
“But Danny, a socialist Left Labour Government would save the NHS, and wou…”
“Nothing can save you from the injuries you’re about sustain!”
LAWNMOWER IN THE FACE!
GET AWAY FROM ME! How have you not figured any this out yet in the past eight years!
(‘Come baaaaack! We haven’t mentioned mental health in UK!’)
As long as it doesn’t effect The City Of London… which is effectively a state within a state, historically well protected from this sort of pointless shit (even the Queen has to ask permission to enter)…
Damage inflicted in the Square Mile will be permanent, bankers say
The world’s biggest investment banks will not reverse plans to shift billions of dollars and thousands of jobs out of the UK even if Britain ends up staying in the European Union, senior bank executives and people with knowledge of the plans revealed to Financial News.
In a big blow to the City, at least eight of the largest investment banks in London, including Bank of America Merrill Lynch, Citigroup, Goldman Sachs and JPMorgan, have said they will shift a significant proportion of their operations to Europe irrespective of the outcome of Brexit.
The move would harm the City of London’s status as a global financial centre. Banks are already preparing to move hundreds of billions of dollars from London to the continent after Brexit. Deutsche Bank is reportedly set to shift €400bn from its balance sheet to Frankfurt, while JPMorgan will move €200bn to the German city.
“Everything is timetabled, and once the plane is on the runway, it’s not going to be called back,” said a UK head at a large investment bank based in the City.
The head of investment banking at another company with a significant UK presence said there was no chance its plans would be reversed. “We have spent money on this, we have a structure that we like. The staff we have moved out would not go back to London.”
The top 10 investment banks have already spent at least £1bn on preparing for the UK’s impending exit from the EU. This figure could spiral further, and the shift towards Europe means London will become a much smaller financial centre whatever the outcome of Brexit.
“You cannot put the genie back in the bottle,” said Andrew Gray, global head of Brexit for financial services at PwC, the accountancy firm. “Banks have committed to a business model with regulatory bodies. To not deliver on those plans would be problematic.”
“London has permanently lost market share,” added a chief executive of an international bank with a significant presence in the UK.
British Prime Minister Theresa May is currently engaged in cross-party talks after having her Brexit deal thrown out by parliament earlier this month. The prospect of Britain leaving the EU without a deal has increased, but the City’s largest investment banks have been planning for a worst-case scenario under which they would lose access to the single market on March 29.
As well as a no-deal scenario, May’s arrangement could be sent back to Parliament for a second vote or she could return to the EU to renegotiate. If talks hit a deadlock it could trigger a second referendum or even a general election.
According to a survey by EY, the accountancy firm, 7,000 jobs could leave London. The financial services sector employed 1.1 million people in the UK in 2017, according to the latest statistics from the House of Commons Library, and contributed £119bn to the UK economy, or 6.5% of total economic output.
Staff moves are already underway at large investment banks. Goldman Sachs, which eventually plans to move 700 jobs to Europe because of Brexit, has shifted around 80 bankers to the continent as part of a broader push in region, while up to 20 fixed income sales staff have been relocated to Paris. Morgan Stanley plans to have 50 bankers in Frankfurt as part of initial relocations, while Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale and UBS have all asked staff to move.
Longer term, bank executives say Brexit will change the way they recruit staff.
“London would have been the natural choice to hire new bankers. Now, after the investment we’ve made in Europe, if someone leaves in the UK or we want to recruit someone, we’re just as likely to base them in Frankfurt or Paris,” said one European chief executive of a US investment bank.
Banks are unlikely to move people back in the event Brexit is overturned, said Jenni Hibbert, global practice managing partner at Heidrick & Struggles Financial Services, the recruiter. “If they do, it won’t happen overnight”, given the cost and effort involved.
The damage inflicted in the Square Mile will be permanent, said another head of investment banking. “London as a financial centre will remain, but will be severely diminished.”
Bank of America Merrill Lynch is poised to move hundreds of London staff to Paris next week as it implements its Brexit plans.
The Standard understands about 200 London sales and support staff will start moving to the bank’s newly refurbished offices in the French capital from next Monday as the bank moves its European broker-dealer hub from London.
Although broker-dealing will be run out of new offices in Paris’s Rue La Boétie, BAML’s European headquarters will be run from Dublin, where 100 staff have already moved.
Like most investment banks with European headquarters in London, BAML has set its Brexit contingency planning for a no-deal exit.
BAML joins Goldman Sachs, JPMorgan, Citigroup and other major banks in moving of staff out of London, with little likelihood of their returning. One senior executive working on his bank’s Brexit preparations said: “Over the past decade, banks have been concentrating their European businesses in London, but that’s over. The political instability in the UK has shown us the dangers of putting all our eggs in one basket. We have passed Peak City.”
Most major banks by now have set up their legal entities in the EU, one banker said. “The government hopes to grow non-EU and Asian business through London, and that may happen. But the learnings of the last year are that you want some optionality.” This means billions of dollars leaving the UK. JPMorgan alone wants to shift €200 billion (£173 billion) of its balance sheet to Frankfurt, Financial News says.
Lenders have moved business out of London for two quarters in a row.
The exodus from London is getting real.
Ever since the U.K. voted to leave the European Union in June 2016, people have been watching for signs of how the prospect might affect London’s role as a global financial center. It stood to reason that it should: Assuming the breakup meant that the U.K. units of global banks would lose their passports to sell services throughout the EU, they would have to move staff and assets onto the continent — to Paris, to Frankfurt, to Dublin.
Yet for more than a year, bankers didn’t appear to be putting their money where their mouths were. Sure, they talked about moving. But their balance sheets told a different story: Cross-border lending from the U.K. kept growing, suggesting that global financial institutions were doing even more business out of their London operations.
Now it looks like the tide turned in early 2018, as the government of Prime Minister Theresa May edged closer to the Brexit deadline with no clear plan for a friendly separation. According to the latest data from the Bank for International Settlements, the cross-border claims of U.K.-located banks declined for two quarters in a row from April, by a total of almost $200 billion.
So who stands to gain? On that point, the data are less clear. So far, only France has seen a significant increase in cross-border lending, indicating that Paris might be the biggest beneficiary.
How About Paris?
London has a lot to recommend it as a financial hub: culture, transportation connections, a critical mass of educated people and all the benefits of agglomeration. Apparently, a big enough political blunder can overcome even these advantages.