Don’t panic, says stock market boss as firms leave UK
https://www.bbc.com/news/articles/cl5k58x9g83o
Posted by Alert-One-Two
Don’t panic, says stock market boss as firms leave UK
https://www.bbc.com/news/articles/cl5k58x9g83o
Posted by Alert-One-Two
20 Comments
Headline translation:
Don’t panic, I need to get my money out first, then panic and collapse the economy!
A cup of tea helps, especially if you’ve been told to boil water.
The basic economic literacy on this sub is horrendous, so don’t expect any interesting conversation.
I’ll ignore for a moment whether this article is scaremongering or not.
This is why the economy being so heavily London focused is such an issue for the rest of the UK; if the financial sector ever suffers a major blow in London, it’ll make the current era look like a walk through the park. Without London, the rest of the UK is essentially bankrupt.
We -really- need to diversify the economy to avoid a catastrophic failure if anything does go wrong.
When somebody feels the need to say “Don’t panic” that is the time you have to question whether you should be panicking.
[https://www.youtube.com/watch?v=nR0lOtdvqyg](https://www.youtube.com/watch?v=nR0lOtdvqyg)
“A Treasury spokesperson said the UK was “already one of the best places in the world to grow and secure investment”
Which is why those companies are leaving?
The UK is in terminal decline. There is no way around that.
The UK is punching above it’s weight….
Sadly not above it’s height as it’s been punching itself in the dick since 2016.
But , apparently we all need to move on from that and get over it. Something, something, taking back control.
Allowing ARM to be majority held outside the UK was an act of such idiocy. Other countries would never have let that happen.
Underlying all of this is the “wonder” of Brexit of course.
To be fair… most countries have really small and underperforming stock markets. Including successful financial centres like Singapore. Stocks seek capital and will list where capital is abundant. In this case the US.
Aside from anything else, I think it is important to note that the stock market ≠ economy. Companies will list on a stock market where they will be valued highest, for most companies this will be an American exchange.
Those has nothing to do with brexit. This is because of small boat crossings that are scaring away investors from the country.
Don’t panic, says the titanic steward up to his waist in ice cold water
Who would have thought a government focused on stagnation would cause people to leave for a country with yearly wage increases and better economy.
For context….City boys are ALSO currently arguing for and lobbying government & major shareholders to be allowed to up CEO wages in the UK to the insane levels in the US.
Apparently the CEO class is only motivated by money and high wages while the rest of us need to be paid less, with less benefits & security
Investors and the talent has already left.
The tech startup game is dead in the UK nowadays, there is fuck all happening compared to back in 2016.
When someone in her position tells you not to panic, they are not words of reassurance, they simply mean do not do anything erratic which could impact the earnings of the already wealthy.
I’m a keen investor, and where I had a good portfolio of UK stocks and funds around 5 years ago, I have exactly zero now. Everywhere else performs better, and there isn’t a sign of improvement from the current government in their policies or, frankly, competence.
Telling the stock market not to panic seems to be the ideal way to get the markets to panic
“So long, and thanks for all the fish” were his next words
Its almost as if investors value safe heavens…
The UK is a mess and heading worse. So why would they park their money here?
Risk / reward