Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

The Future of London?

Credit Suisse boss delivers blow to costly London
LONDON | BY ANJULI DAVIES
A long time exposure shows light trails of a tram driving past the headquarters of Swiss bank Credit Suisse at the Paradeplatz square in Zurich, Switzerland October 21, 2015. REUTERS/Arnd Wiegmann
A long time exposure shows light trails of a tram driving past the headquarters of Swiss bank Credit Suisse at the Paradeplatz square in Zurich, Switzerland October 21, 2015.
REUTERS/ARND WIEGMANN

Credit Suisse is looking at moving nearly 2,000 jobs out of London because of its high costs, the bank's new boss said on Wednesday, dealing a blow to the city's status as Europe's dominant financial centre.

Chief executive Tidjane Thiam estimated the Swiss-based bank could save 230 million Swiss francs (156 million pounds) a year if some back-office positions were moved to lower cost centres such as in Poland and India. This would potentially mean a saving of 128,000 Swiss francs for each of the estimated 1,800 jobs in question.

Thiam, who swapped London for Zurich after six years at the helm of London-based insurer Prudential, was speaking after the bank set out plans for a major overhaul, including measures to "right-size" its staff numbers in London, where most of its investment bankers are based.

"We have 6,600 jobs (in London), 2,400 front office, 4,200 back office. Out of the 4,200 about 2,400 are directly connected to the front office so they need to be co-located with the front office," Thiam said at a press conference on Wednesday.

"The other 1,800 frankly don't need to be in London and that's the potential we're looking at plus a little bit of efficiency in the front office."

The City of London regained its crown as the world's leading financial centre in 2015, after losing it to New York in 2014, following a decisive national election victory by the Conservative party, according to research company Z/Yen.

Jobs in London's financial and related professional services industry reached an all-time high of 729,600 as at June 2015, the latest survey by lobby group TheCityUK said this month.

But tough regulation imposed since the financial crisis and uncertainty about Britain's membership of the European Union have prompted a number of big banks, including HSBC to look at the economic viability of remaining in the City.

"Definitely London is too expensive,” one Credit Suisse IT contractor based in Canary Wharf told Reuters.

In Canary Wharf, for example, where Credit Suisse's has its London offices, property prices have risen by 27 percent since early 2013, outstripping the 10 percent growth seen across prime central London over the same time, according to an index from property company Knight Frank.

Prime office space in Warsaw costs around 270 euros ($306.40) per square metre compared with around 670 euros per square metre in Canary Wharf, according to Savills, another property group.

Other major banks have already set up operations in locations that are cheaper and often more attractive for IT and back-office staff.

Citigroup has IT hubs in San Francisco and Israel, JPMorgan has sites in Delaware on the U.S. east coast and in Bournemouth on Britain’s south coast. Deutsche Bank has moved people to Birmingham, in central England, HSBC's technology centres include Curitiba in Brazil and Barclays has opened a new technology hub in Dallas, Texas.

Credit Suisse is currently in discussions with the Irish central bank about opening a regulated office in Dublin to relocate some functions including prime broking, which provides services to hedge funds, to the Irish capital, according to a source familiar with the matter.

"What we're seeing is Credit Suisse accepting the logic that they have too much in London ... he's acknowledging that if he's shrinking the investment bank he needs to shrink that hub," Chris Wheeler, analyst at Atlantic Securities, said.

"London hasn't done as much of the outsourcing as they have done on Wall Street already."

(Additional reporting by Sinead Cruise, Kit Rees, Lisa Barrington, Louise Ireland, Steve Slater and Joshua Franklin, editing by Jane Merriman)

Meacher snuffs it:

http://www.bbc.co.uk/news/uk-politics-34592381

I see Cameron has sold out to the Chinese!

Is that a nice little earner for the Arthur Daley of Politics?

How much did?

I see Cameron has sold out to the Chinese!

Is that a nice little earner for the Arthur Daley of Politics?

How much did?

It is interesting to think that the Chinese nuclear deal is not being done with the UK, but with EDF which is wholely French owned.

I wonder why?

Is that right? sort of sub-contracing.

It creates upto 25,000 jobs and guarantees energy supply at a fixed price in the future.

Cynic

Read this and maybe watch the video.

Netanyahu's comments that the Mufti of Jerusalem was the one who convinced Hitler to exterminate the Jews.

http://www.haaretz.com/israel-news/1.681544

guarantees


Some will swallow anything and I will watch the job figures with interest!

Mind thinking back Cameron couldn't guarantee that he hadn't put his balls in a dead pig's mouth!

"Haystack - 21 Oct 2015 16:04 - 64011 of 64012

It creates upto 25,000 jobs and guarantees energy supply at a fixed price in the future."

But at the same time creates enormous loses long term on the disposal of waste, not to mention other negatives.. maybe you forgot to mention that.

Body of type deleted.. could have sworn that my original post did not appear.

It is good or bad depending on your view of nuclear power. We have decided to go the nuclear route anyway, so that it would be happening irrespective of China's involvement. China is just the vehicle for some of the investment (20%).

No H/S it's not anyone's individual opinion of nuclear that counts, the long term cost of decommissioning and safety record of nuclear is far to serious to leave just to peoples "opinions", afraid thats just a short term abrogation of responsibility by irresponsible government.

Jeremy Corbyn's appointment of Seumas Milne is 'morally and ethically wrong'

A former parliamentary Labour candidate has attacked Jeremy Corbyn's decision to appoint the 'fascism-apologist' Seumas Milne as his top advisor



By Laura Hughes, Political Correspondent

12:19PM BST 21 Oct 2015





Jeremy Corbyn's decision to appoint Seumas Milne as his strategy and communications chief is "morally and ethically wrong", a former parliamentary Labour candidate has said.


Kate Godfrey, a former UN adviser who stood as an MP in the last election, has written a strongly worded statement in which she says the appointment of a man who has defended terrorism, "devalues everything that Labour stands for."


Mr Milne, an associate editor at the Guardian, has suggested the murder of Fusilier Lee Rigby "wasn't terrorism in the normal sense" because the soldier had served in Afghanistan.



Responding to mr Corbyn's decision, Miss Godfrey wrote: "So Mr Corbyn, what made you appoint fascism-apologist Seumas Milne? How could you? How bloody could you? How could you appoint Seumas Milne to be your voice, your eyes, your hands?


"These are the truths that only Seumas Milne upholds. Mr Corbyn, these are the truths that you have bought into. These are the stocks that the leader of the Labour Party has seen, and shouted, ‘buy!’

"We are ashamed in front of the world. It is morally and ethically wrong. Seumas Milne might act for you, Mr Corbyn. He might speak for you. He does not speak for me."


So Mr Corbyn, what made you appoint facism-apologist Seumas Milne? https://t.co/NCoqfuD9A3
— Kate Godfrey (@KateVotesLabour) October 20, 2015


In an article written in 2013, after the murder of Fusilier Lee Rigby, Mr Milne said such attacks were "the predicted consequence of an avalanche of violence unleashed by the US, Britain and others in eight direct military interventions in Arab and Muslim countries that have left hundreds of thousands of dead.

"Only the wilfully blind or ignorant can be shocked when there is blowback from that onslaught at home. The surprise should be that there haven't been more such atrocities."

Just two days after terrorists destroyed the Twin Towers, he wrote that Americans couldn't "see why they're hated".

Labour MPs have described the appointment, which Mr Milne will take up next week, as "totally bizarre".



John Woodcock MP has described Mr Milne's appointment as "insane", posting on Twitter: "Yes, am sure this can't be true. Just right wing papers making mischief.

"Its hard to see how this appointment can be seen as valid unless he renounces his documented sympathy for terrorism."



Simon Danczuk told The Sun: "This is a totally bizarre appointment of a man more likely to become the story rather than control our party's message."

Mr Milne has said he doesn't believe "Western bombs won't defeat Isis" and accused Labour MPs who voted for military action Syria of "defying" the new Labour leader.

A Guardian News & Media spokesperson has confirmed: "Seumas will be taking a period of unpaid leave from the Guardian to take up the role of executive director of strategy and communications at the Labour Party."

By hiring Seumas Milne, Jeremy Corbyn shows his utter contempt for real Labour voters

Real Labour voters read tabloids, love the Queen and join the Army. They don't relate to Guardianista apologias for terrorism


“You think I’m going to compromise my views just to be popular? Just to be elected? Well, look who I’ve just hired!”



By Tom Harris

11:40AM BST 21 Oct 2015

CommentsComments





Jeremy Corbyn doesn’t make it easy for himself, does he?


He could have chosen as his new "Executive Director of Strategy and Communications" someone whose skills in media management were better known than his personal political views.


Instead he chose Seumas Milne, a hate figure for the right of the Labour Party and pretty much everyone else to the right of that. A man whose strongly expressed views on terrorism, Israel and the United States align him precisely with the long-held views of the Labour leader.


In this appointment, Corbyn has stuck two fingers up at his detrators. “You think I’m going to compromise my views just to be popular? Just to be elected? Well, look who I’ve just hired!”



The problem is that he’s also stuck two fingers up at the only people still (perhaps) willing to give him a chance: voters who stuck with Labour in May 2015.

Corbyn (and Milne) would have a hard time relating to these voters. They would struggle to understand people who regularly buy tabloids such as The Sun or the Mail. They would shake their heads in bewilderment on realising that such people, real Labour voters, are more likely to read Richard Littlejohn than open up a Twitter account.

These Labour voters are rather fond of the Queen, or at the most can’t summon the energy to get much exercised about an unelected monarchy either way. Their sons and daughters join the Army and risk their lives in foreign lands. In doing so, these young people fight with the blessing, not the contempt, of their proud families.

These people, many of whom probably voted Labour in May through gritted teeth, would be appalled to read – as they will now certainly do – the opinions on such matters of the man to whom Corbyn has entrusted the task of communicating Labour’s message.

They will view Milne’s explanation of Islamist terrorism at home and abroad as an apologia for such acts. They will recoil at Milne’s view that the murder of Fusilier Lee Rigby “was not terrorism in the normal sense” and at his glowing descriptions of Iraqi insurgents attempting to blow up those voters’ sons and daughters wearing British army uniforms.



Corbyn has chosen unwisely. Milne, so contemptuous of traditional working class attitudes to Queen and country and to the newspaper mediums by which such attitudes are reinforced, will serve only to remind voters that his boss’s views are exactly the same.

Tom Harris is a former Labour MP and now runs his own lobbying company.

Too good for the neo-cons party!






8-)

Scots voters consider Labour ‘irrelevant’





published14:40 Wednesday 21 October 2015


8 comments



Have your say


LABOUR is seen as “irrelevant” and “part of the past” by voters in Scotland who have deserted the party, research using focus groups into the party’s heavy General Election defeat in May has found.

The focus groups conducted in Edinburgh and Glasgow for the party found that Labour was seen as “indistinguishable from the Tories” and “an incompetent version” of the them.


Read more: http://www.scotsman.com/news/uk/scots-voters-consider-labour-irrelevant-1-3923469#ixzz3pDjn4xq1
Follow us: @TheScotsman on Twitter | TheScotsmanNewspaper on Facebook

sorry for the distress': Tom Watson apologises to Leon Brittan's widow after top cop brands rape slurs 'a baseless witch hunt'
Labour MP Tom Watson today apologised for the 'distress' caused to Leon Brittan's family by referring to him as 'evil' after he died in January
But deputy leader said he had a 'duty' to stand up for sex abuse victims
It came after a police detective said the case against Brittan was 'baseless'
DCI Settle ruled the case against the Brittan 'should not proceed' in 2013
But Lord Brittan was questioned after Tom Watson wrote to prosecutors

By Tom McTague, Deputy Political Editor for MailOnline

Published: 15:03, 21 October 2015 | Updated: 17:18, 21 October 2015


Read more: http://www.dailymail.co.uk/news/article-3282669/Police-interrogation-Leon-Brittan-unfounded-sex-smears-unlawful-detective-charge-case-tells-MPs.html#ixzz3pDl4Ycz1
Follow us: @MailOnline on Twitter | DailyMail on Facebook


comments

We want Watson out of politcs simply because he's seriously nasty human being if he can be described as that.

Read more: http://www.dailymail.co.uk/news/article-3282669/Police-interrogation-Leon-Brittan-unfounded-sex-smears-unlawful-detective-charge-case-tells-MPs.html#ixzz3pDlU6l9O
Follow us: @MailOnline on Twitter | DailyMail on Facebook



Given, according to this highly professional and experienced police officer, the questioning of Leon Brittan was unlawful, it strikes me that some criminal prosecutions for misconduct in public office should follow.

Read more: http://www.dailymail.co.uk/news/article-3282669/Police-interrogation-Leon-Brittan-unfounded-sex-smears-unlawful-detective-charge-case-tells-MPs.html#ixzz3pDlhxSEz
Follow us: @MailOnline on Twitter | DailyMail on Facebook



What a despicable tub of lard.Just a big bullyboy

Read more: http://www.dailymail.co.uk/news/article-3282669/Police-interrogation-Leon-Brittan-unfounded-sex-smears-unlawful-detective-charge-case-tells-MPs.html#ixzz3pDm12aji
Follow us: @MailOnline on Twitter | DailyMail on Facebook