setting a quota now will just see them pile in asap

stopping benefits will hopefully apply a natural brake

We'll thrive out of the EU, says bank chief: Lloyds boss gives vote of confidence to a Brexit... and he's from Portugal

Lloyds boss Antonio Horta-Osorio refused to back Cameron's in campaign

Said it is a 'matter for the British people' and praised strength of economy

Future of Lloyds and Britain 'inextricably linked' and looks bright, he said

Lloyds joins list including Sainsbury’s, Tesco and Next not backing 'in'



The boss of Britain’s biggest lender yesterday said his company would ‘thrive’ outside the EU.
Lloyds chief executive Antonio Horta-Osorio said the decision whether to remain wedded to Brussels is a ‘matter for the British people’.
But the 52-year-old Portuguese banker repeatedly paid tribute to the strength and ‘resilience’ of the British economy – which he said is ‘inextricably linked’ to the prosperity of Lloyds.
Some 200 companies, including leaders of 36 FTSE 100 companies, have signed David Cameron’s letter backing the In campaign. Several bosses have warned of the repercussions for the UK – and for big business – if the country chooses to go it alone.
But Lloyds is just one of a long list of blue chip companies – including Sainsbury’s, Tesco and Next and The Royal Bank of Scotland – that have refused to put their name to the letter. Mr Horta-Osorio yesterday said the bank’s board will consider the potential impact of Brexit at its next meeting and conceded that the EU referendum would create ‘uncertainty’.
But he was far more optimistic about the ‘underlying strength’ of the British economy to weather any storm than many of his pro-Brussels peers. He pointed out that the UK is one of the fastest growing in the G7 group of major industrialised economies – and one of three countries to do this in the West without taking on more debt. The other two are Ireland and the US.
The group – which also owns Halifax, Bank of Scotland and pensions giant Scottish Widows – is the UK’s biggest retail bank, with around 30million customers.

Mr Horta-Osorio said: ‘We have a very good idea what is happening in this country. The future of Lloyds and the future of the economy are inextricably linked.’
He added: ‘We have a very robust model which will thrive in any conditions. We are quite positive about the outlook for the UK economy.’

The bank’s chairman Lord Blackwell has already refused to stick to the Downing Street script and has been an outspoken critic of Brussels.
The former adviser to John Major and Margaret Thatcher said in October there are ‘no compelling arguments’ for staying in the EU without major reform.

Yesterday’s upbeat prognosis from Mr Horta-Osorio was hailed by Eurosceptics as a boost for the Out campaign. It comes after Downing Street was forced into a humiliating apology after mistakenly adding the name of one of Britain’s most respected military generals to a letter supporting EU membership.
Ukip MP Douglas Carswell said: ‘It is wonderful to hear captains of industry speaking the truth – not just sticking to the Downing Street line.
‘Mr Horta-Osorio is absolutely right. Britain can thrive outside the EU and it’s wonderful to hear the head of one of our high street banks saying what so many people already recognise.’
The intervention from the Lloyds boss came as another business heavyweight admitted leaving the EU would not be a disaster – despite signing Mr Cameron’s pro-Brussels letter. Former Royal Bank of Scotland boss Stephen Hester, who now runs insurance giant RSA, said Brexit would hurt the insurance industry.
But he added: ‘I am not saying the world comes to an end if the UK comes out – Britain will be fine.
‘I think the UK can do well in time both in and outside the EU – but the UK would do better inside the EU.’

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http://www.dailymail.co.uk/news/article-3464958/We-ll-thrive-EU-says-bank-chief-Lloyds-boss-gives-vote-confidence-Brexit-s-Portugal.html

Yes just like your lot crying Britain is fcuked everyday.

And politicians can make stupid decisions but absolve themselves of blame by slyly saying the electorate do not know what they are doing,as we have witnessed recently.

Yawn feckin yawn

seize the oportunity by having tariffs imposed making us less competitive....what a plank.

Natwest and RBS may charge firms to hold deposits

croft caithness

hav to check wi-fi first can't live without it

GSK says Britain is still an attractive place to invest

GlaxoSmithKline is pumping more money into its plants in County Durham, Hertfordshire, and Montrose in Scotland

GlaxoSmithKline is to invest £275m at three of its UK factories, insisting the country is still an attractive place to invest following the Brexit vote.

In a sign of confidence in the UK economy, the drugs giant said it was pumping more money into its plants at Barnard Castle in County Durham, Montrose in Scotland, and Ware in Hertfordshire.

Blame it on the Brexit: But is it just an excuse?


There is no shortage of companies blaming Brexit for their bad news these days.
Recent headlines have suggested Britain's decision to leave the EU is the cause of job losses in many parts of the UK, price rises for technology companies, the world's largest uncut diamond failing to sell at auction and even a major media group cancelling its staff party.
But is Brexit being blamed for a slew of bad news that was going to be released anyway?
That's the view of many Vote Leave supporters - a suggestion that is heavily disputed by leading figures in the Remain campaign.
Making the case for Brexit being an easy thing to blame for wider problems is the former director of the big business lobby group, the CBI, Digby Jones.
Lord Jones, who was Gordon Brown's trade minister, is himself a Brexit supporter.
He believes the real impact of Brexit will be tiny: "There's not going to be any economic pain. If there are job losses, they will be very few

"One of our customers was thinking last week that they might not do a certain deal. Today they've said they won't and the reason is Brexit.
"It's got nothing to do with Brexit - but it's a very convenient thing to blame."
Business implications
That view leaves the people who ran the unsuccessful campaign to persuade Britain to stay in the European Union shaking their heads in despair.
Roland Rudd runs one of the UK's most influential PR companies, Finsbury, and was heavily involved in the Remain campaign. He says there is very little truth in the "Brexit as an excuse" theory.
"Of course, if a company has got a bad news story, and part of the reason is to do with Brexit, and part of it is to do with its own problems, they'll try and shift some of it onto Brexit.
"But the analysts aren't fools, the market can't be deluded like this. And so most companies will not do that, because it simply isn't credible."

Lucy Thomas, who was the deputy director of the Remain campaign agrees, and argues that the business implications of Brexit are obvious.
"Businesses hate uncertainty. That is exactly what we have now, we are going to have at least two years of uncertainty while a deal is negotiated."
Because businesses do not know what the UK's terms of trade will be with the EU once it eventually leaves, investment is being frozen, she says.
"Businesses are reconsidering all of their decisions - to dismiss that is frankly dishonest."
The financial markets are still making up their minds as to which side to believe. The pound fell heavily against the US dollar immediately after the vote, before making up some ground.

Yet the UK's main share index, the FTSE 100, has reached levels not seen so far this year.
Meanwhile there has been a dramatic fall in economic activity, not seen since the aftermath of the financial crisis.
Both manufacturing and service sectors saw a decline in output and orders, though exports picked up, driven by the weaker pound.
Digby Jones says the big drop in the value of the pound should be taken with a pinch of salt.
"It wasn't a signpost to the British economy at all. It was a signpost of an immediate reaction to a decision."
He wants to focus on real economic data: "What's it going to do to the European economy, including us?
"It's not in the interests of 520 million people to indulge in the 'Great Remain Sulk'," he says.
'Buying opportunities'
This view is supported by seasoned market commentator, David Buik of Panmure Gordon.
He says the market gyrations that follow some headlines can often lead traders towards buying opportunities.

"As long as they're on the right side of the trade, whoopee! There is money to be made whichever way the market is going.
"It's a little harder than it used to be a few years ago. It requires tremendous resolve, great character and quite a lot of guts," he says.
It will be some time before we know for sure which side is right when it comes to Britain's post-Brexit performance.
Which means that until a clear pattern emerges, we can expect each new set of data to be argued over by both sides for what it may say about the UK economy.


Must be true it's off the BBC site.

Probably paid with all the money Neil and Glenys Kinnock sucked out of the EU for doing nothing .

Shocking story.

One of the UK’s largest bus operators has defended its practice of hiring only EU migrants for some jobs, whilst turning down fully qualified British workers.
The issue was brought to light when a fully-qualified driver applied for a job with the Arriva UK Bus, but was told they were only interested in Romanians.

Peter Kennedy, 45, currently works for a delivery firm on a zero-hours contract and was prepared to move 150 miles for the new role to better himself and his family.

However, the add read, “EU bus drivers wanted”, specifying: “Category D driving licence, EU citizen, one year’s experience, English speaking, clear police check. To pass a medical.”

Mr. Kennedy was initially offered an interview, but just days before he was sent an email titled “The British Bus Driver” from employment agency Skills Provision, abruptly informing him that the interview was off.

Arriva defended the policy, telling the Sun: “On occasion, to ensure that all vacancies are filled with the most suitable candidates, we employ agencies that specialise in personnel from overseas.

“Candidates undergo the exact same interview process as those of British residency. We always encourage applications from any individual, regardless of their present address.”

Arriva operates bus, coach, train, tram and waterbus services in 14 countries across Europe. Arriva UK Bus operates 5,900 buses across England and Wales, employing 16,000 people.

Furious Mr. Kennedy slammed the firm. He said. “It’s totally unfair. They didn’t even give me a chance.

“I’m a British driver but it seems I don’t stand a chance of getting a job in my own country. I don’t know if it’s because these Romanians are cheaper or what.”

Because of European Union free movement rules, the practice of hiring only foreign workers is not uncommon in the UK.

During the referendum debate, ‘Leave’ campaigners argued that restoring border controls would increase demand for labour and push up the wages and employment rates for British workers.

The boss of the “Britain Stronger in Europe” campaign, Lord Stuart Rose, even admitted Brexit would push up wages.

Just one month after the Brexit vote, the Office for National Statistics revealed that the proportion Brits out of work had fallen to 4.9 per cent in the March to May period, the lowest since July to September 2005.