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    Bank Of England fears that no deal will be made in Brexit.

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    papa_umau
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    Bank Of England fears that no deal will be made in Brexit.

    Post by papa_umau on Tue 31 Oct 2017, 11:35 am

    Bank of England believes Brexit could cost 75,000 finance jobs

    By Kamal Ahmed Economics editor of The BBC.

    The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union.

    The BBC understands senior figures at the Bank are using the number as a "reasonable scenario", particularly if there is no specific UK-EU financial services deal.

    The number could change depending on the UK's post-Brexit trading deal. But the bank still expects substantial job losses.

    I am told the Bank believes that many jobs will move to the continent.

    Get the rest of Kamal's reportHERE





    Now, I don't know if the BOE are just trying to frighten us, or if they really believe that we will get out of the EU without a deal, but if they do believe what is being said here, this could re-encourage our negotiators to work hard for a good deal.

    Only the future will tell us for certain what will happen here.


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    zathrus
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    Re: Bank Of England fears that no deal will be made in Brexit.

    Post by zathrus on Thu 02 Nov 2017, 11:28 am

    I think that the BOE is trying to frighten the Brexit negotiators to do their best instead of taking the easy way out of NO DEAL.
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    papa_umau
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    Re: Bank Of England fears that no deal will be made in Brexit.

    Post by papa_umau on Fri 03 Nov 2017, 12:48 pm

    Mark Carney, The Governor of the BOE was on the TV yesterday telling us that the inflation rate is going up and hinted once again at the damage that is going to be done to the UK economy during and after Brexit.

    It appears that nobody in the government is listening.


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    Angie baby
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    Re: Bank Of England fears that no deal will be made in Brexit.

    Post by Angie baby on Sat 04 Nov 2017, 11:23 am

    I think that is just Mark Carney covering all of his bases.

    If Brexit is good for the BOE he will get the credit, but if it is bad for the UK economy and the BOE he will get the credit for warning us.

    He wins both ways.
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    papa_umau
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    Re: Bank Of England fears that no deal will be made in Brexit.

    Post by papa_umau on Sun 05 Nov 2017, 11:50 am

    Normally, most governments will listen very carefully to any advice they might get from the Governor of the Bank of England, but it looks as if they are not paying much attention to what Mark Carney is saying.

    Ignoring advice from this direction could be a very dangerous thing to do.


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