Probably a poor choice of wording on my part, but much of retail banking is equally movable up to the diminishing number of physical retail locations and a minimal domestic presence behind it. Lots of boring, not particularly well paid jobs in there, and the investment banks too.The retail banks are leaving are they? So no banking facilities at all in the UK? Cash under the mattress for everyone.
and the rest of the EU know that the Tories really are that fucking stupid / that in hoc to big business / ideologically in favour of ultra low taxation that they'd do it.
Accelerated transition from 'debt state' to 'consolidator state'.
The City of London already is. See Nicholas Shaxson’s 2011 book Treasure Islands: Tax Havens and the Men Who Stole the World
No, there's still plenty of national debt with the 'consolidator state', (that's Fincap's lifeblood), but it's weaponised to justify class-war against labour and the welfare state.
There was an interesting 'long read' type piece a while back - The Graun probably - about how its tax arrangements have left it near bankrupt. IIRC, zero corporate tax but they used to tax foreign workers or non-doms or whatever, but the EU said no, you can't differentiate by nationality, so they stopped taxing anyone and now they're fucked.
Both are entirely consistent with 'consolidator state' status, and represent an acceleration in the neoliberal process of transferring wealth and power from labour to capital.
Well worth reading.
Mebbes the eltists bastards are finally getting the message, the Brexit vote wasn't mainly about 'immigration' but about the majority of the country feeling 'left out'
Why "sorry"?
The 'sorry' was for the thousands of people on piss poor wages who depend on 'the city' to make ends meet and who will suffer as the city (and hopefully neoliberalism) collapses.
They'll suffer if it doesn't.
They will suffer both ways, comes down to the degree and length of suffering, neo liberalism offers the fictious escape from neopoverty to some kind of precarious ' middle class nervous survivability' but only on the whim of the 1%ers
? Yeah i know where you're coming from but what you are in fact doing is wishing poverty on tens if not hundreds of thousands of working class people.
I'm not convinced that there is such a thing as a 'usual state' with the neoliberal project. Streeck's strength is that he offers a clear, descriptive narrative of how neoliberalism has evolved and, specifically, how global, financialised capital has exploited the state to further its agenda.They will suffer both ways, comes down to the degree and length of suffering, neo liberalism offers the fictious escape from neopoverty to some kind of precarious ' middle class nervous survivability' but only on the whim of the 1%ers
Destroy the the 1%ers ( I'm not talking about violent revolution) just progressive taxation, fair redistribution of wealth etc,100% VAT on luxury goods and property.
Bugger it, I'm half pissed and fed up, seems to be me usual state these days
Oldest bank in the world, that, I believe. 544 years, man and boy, hardest game etc
As long as we are reliant on private bank-created money, which 97% of our money is, it probably is an issue if they upped and left. If we rediscover how to create our own credit, then we wouldn't need the banks anymore to drive our economy and most of their operations would vanish.
If any banks do fuck off, (which I very much doubt), it'll be the investment shysters. I'm sure that those retail/corp banks remaining would continue with their fractional reserve money creation.
