United Kingdom 02 (Jan 12 to Oct 17)

Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Mon Oct 24, 2016 8:01 am

Why the Brexit still matters to every investor

As a result of Brexit, Great Britain will have more control over the negotiation of their own trade agreements and immigration policies, and they will also be able to redeploy the eventual savings of their EU membership to other areas of their economy that they feel would be more beneficial to their own citizens.


According to BBC.com, approximately 28% of what is produced in Great Britain is sold abroad. Interestingly, while about half of this overseas trade in the United Kingdom (UK) is conducted with the EU, England imports more overall than it exports to the EU.



Source: Yahoo Finance

http://finance.yahoo.com/news/why-the-b ... 40304.html
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Mon Oct 24, 2016 4:57 pm

Banks poised to relocate out of UK over Brexit, BBA warns

Source: BBC

http://www.bbc.com/news/business-37743700
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Mon Oct 24, 2016 9:56 pm

Brexit Bulletin: Bankers Prepare for Exodus From London

While PM May tries to head off a constitutional crisis

by Emma Ross-Thomas

At stake is some of the 66 billion pounds ($81 billion) that financial services paid in taxes in 2014-15, equivalent to 11 percent of tax revenue and more than enough to cover the U.K.’s annual defense bill.


Open Europe, a research group, said in a report last week that Hammond should consider scrapping the bank levy and corporate-tax surcharge for banks, or at least reduce the burden.

The levy was introduced in 2010 at a rate of 0.05 percent on U.K.-based banks’ balance sheets and gradually rose to 0.21 percent, generating an average of more than 2 billion pounds a year.

The government last year announced plans to halve it to 0.1 percent by 2021.


Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... ten-exodus
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Thu Oct 27, 2016 7:16 pm

Banks Likely to Lose Passporting With Brexit, Official Says

by Timothy Ross

Mark Garnier: U.K. weighs ‘new model’ for single market access
Inflation is ‘inevitable’ side effect of depreciation, he says

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... icial-says

Banks’ Brexit Future Hinges on Passporting Rights: QuickTake Q&A
http://www.bloomberg.com/news/articles/ ... cktake-q-a
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