Leroy42 wrote: » If anybody finds out about it! It isn't just regulations that get in the way its independent checking. Any new system will be entirely controlled by the government of the day. They have shown themselves happy to attack the judiciary, HoL the EU, the media, the BBC, the speaker. Threaten to cut funding to a regulator won't even be a second thought.
Leroy42 wrote: » That was not a brain fart. It was a deliberate and planned intervention. IMO, they are trying to scare the EU, looking at getting them to give in on certain things to pull UK back closer. Hence all this talk of starting US trade negotiations first. Its all a power play to try to make the UK have some bargaining power.
ambro25 wrote: » I'm sorry Leroy but I just don't see it: what, exactly, can they scare the EU27 about, on the back of burning down UK Plc to the foundations as Javid proposed? Kindly enlighten me?
Leroy42 wrote: » I don't know, I asked that very question a few pages back. I honestly have no idea what they are playing at. Form the most basic POV, I think they are trying to create a leverage in the idea that should the EU not give them what they want then they will side with the US. But that fails to take into account that even the US using that tactic has never worked in the past so why would the UK make any difference? But it is in the only thing I can think of as to why. They are constantly taking about relationship and close friends and trust etc, and then straight away talk about how terrible the EU is, how they could never agree to anything and there can be no agreements.
timetogo1 wrote: » Hasn't that been the case since before the referendum. I remember hearing "Easiest trade deal in history", "they need us more than we need them", "of course we'd never leave the single market" etc. etc. from senior ministers. You would hope they'd have been more informed / educated than they seem to be. They're flip flipping around constantly. The bigger surprise for me is that 48% of the UK population don't seem to care. All this is ending up doing is making the EU look like they have to deal with a bunch of clowns so nobody is in any doubt as to who to blame. (Well in the UK they'll blame everybody else, including us, but after 31st Jan nobody outside the UK will care who they blame).
“But of course we want to come to a full and comprehensive deal with the European Union. Why? Because it’s good for the people of Britain and it’s good for our economy and it’s good for the consumers and it’s good for the workers of Europe and their economy. If you think about it, the free trade agreement that we will have to come to with the European Union should be one of the easiest in human history.” “The only reason we wouldn’t come to a free and open agreement is because politics gets in the way of economics.”
ThePanjandrum wrote: » Did you actually hear
Shelga wrote: » The line “some men just want to watch the world burn” springs to mind...
Rjd2 wrote: » Someone who believes if the EU was to carry on its current path it will be swallowed up by nationalists .
farmchoice wrote: » from day 1 the brexiteers have based all their thinking on one thing, the EU export more to the UK than vice-versa. therefore when it comes to it the EU will do anything to retain this massive market, Italian pasta makers, french cheese producers, Spanish wine producers Irish beef farmers and of course German car manufacturers will pressure their governments into securing free access to the UK. in turn these governments will turn on the EU bureaucrats and force them to concede to the wish of the governments (french and German in particular). they see anything else as the EU cutting off its nose to spite its face, and whilst they as brits make have the gumption to do just that the lily livered Europeans are too soft to engage in that kind of self harm, so they will capitulate. the reason they did not capitulate the last time was that May and parliament were not prepared to show the EU that the UK was deadly serious about shooting itsself in the head.
brickster69 wrote: » Looks like more EU firms are moving to the UK than leaving.https://www.cityam.com/over-1000-eu-financial-firms-planning-to-open-uk-offices-after-brexit/?fbclid=IwAR3WJ_bZzfZftG6SAiioZCdpnFDHUIq-1Mwy6SFKpRWkHfnt5taVeuvnFYM
johnnyskeleton wrote: » .... I hope that, come the 1st February, the EU will no longer be thinking that the UK market is still part of the EU and that any reduction in trade will be a "loss" to them. They will write off the UK as a full trading parter on the 1st February, and if the negotiations during the transition period result in a favourable deal, that will be a benefit at the time. So I hope that the EU will approach the negotiations on that basis - that they have already lost the UK as part of the single market, and so need to build it up again from scratch. They won't mourn the loss of the UK from the EU and compare the future trade deal against the UK being a member of the EU, they will look at the UK as a third country and consider any reduced tarrifs to be a benefit.
ancapailldorcha wrote: » Did you read the article? They're not moving, they're opening offices which makes sense.
RobMc59 wrote: » Which rather flys in the face of claims financial institutions are leaving the UK-brexit isn't black and white as sometimes portrayed here
the EU has trade agreements with the majority of non EU countries and there is no reason not to have a deal with the UK if the UK is as impotent and no threat to the EU as frequently claimed here.
RobMc59 wrote: » Which rather flys in the face of claims financial institutions are leaving the UK-brexit isn't black and white as sometimes portrayed here-the EU has trade agreements with the majority of non EU countries and there is no reason not to have a deal with the UK if the UK is as impotent and no threat to the EU as frequently claimed here.
brickster69 wrote: » Exactly. Last week a banking representative in Frankfurt said that he expects the banking industry to have less staff at the end of this year than before Brexit.
Leroy42 wrote: » Because of Brexit?
brickster69 wrote: » Yes just 600 overall. However they have reduced a lot more with Deutche Bank moving out of investment banking. but that is not really Brexit related.
seamus wrote: » Lies, damned lies and statistics "By October last year 1,441 EU-based firms had applied to the Financial Conduct Authority (FCA) for temporary permissions to operate in the UK after Brexit, according to figures obtained via a Freedom of Information request from regulatory consultancy Bovill." This is an application for a licence for a company to do financial business inside the UK. Legally this will require a UK presence because the UK is no longer part of the EU, so they cannot just trade inside the UK from Germany under the auspices of the German regulator. To say that "1,000 firms are moving into the UK" is disingenuous, because it implies they're moving a portion of their entire worldwide business to London, which they're not. They're merely looking to continue doing business with UK customers. This will have the effect of increasing the cost of doing business for those UK customers. The vast majority of these 1,400 companies will be holding companies or other such scenarios where a small office of 20 or 30 people serve as the UK base for 100 different companies, and all the paperwork is proxied between the UK and HQ via this office.
Zubeneschamali wrote: » EU financial institutions are opening offices in the UK to serve their UK customers because they think barriers are going to go up. The EU have been perfectly willing to make a deal with the UK since day 1. Barnier showed them a powerpoint slide with all the possible deals spelled out on it back in 2017. We are still waiting for the UK to pick a deal, and they are still threatening to leave without one for some reason or other.
Leroy42 wrote: » And many jobs have moved out of the UK in the same time period?
RobMc59 wrote: » This then potentially brings the prospect of a hard brexit with the UK either sinking without trace or doing fine on it's own which would be noted by other countries.
