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The big Brexit thread - news, updates and discussion

Stock trading should probably be filed with au pairs and live animal exports as nefarious things that brexit is cleaning from our island. Amsterdam was the finance capital of Europe before wasn't it, a few hundred years ago i think, swings & roundabouts.
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Stock trading should probably be filed with au pairs and live animal exports as nefarious things that brexit is cleaning from our island. Amsterdam was the finance capital of Europe before wasn't it, a few hundred years ago i think, swings & roundabouts.
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The Beeb have a story about it as well
Whilst (I suspect to the disappointment of many here) the City of London is in no danger of disappearing. I don't think there is any doubt that it now faces a period of decline, how fast or how much has yet to be determined.
 
Question is what comes next.
Historically they would shoot some catholics to the point that they would get a wholly sympathetic ear.
I’m pretty sure this will happen but given the talk of a single unionist voice I think the bigger play will be for an Ulster covenant 2.0 with a hope for a repeat of the Ulster Workers’ Strike 1974.
Whether they can mobilise huge numbers is the question.
 
The Beeb have a story about it as well
Whilst (I suspect to the disappointment of many here) the City of London is in no danger of disappearing. I don't think there is any doubt that it now faces a period of decline, how fast or how much has yet to be determined.
I suspect that any decline will relate to specific and limited sectors of business with the 27 but the main function of the City as the conduit for between 20 - 30% of global wealth funnelling to other tax havens will persist as long as corporate and oligarchic greed exist.
 
The Beeb have a story about it as well
Whilst (I suspect to the disappointment of many here) the City of London is in no danger of disappearing. I don't think there is any doubt that it now faces a period of decline, how fast or how much has yet to be determined.
I don’t understand what the arguments might look like but if it’s about the EU allowing Uk finance firms access to EU clients whilst operating under different rules (whatever rules the UK chooses for its own financial sector) then what motivation is there for EU to agree to that ?
 
I don’t understand what the arguments might look like but if it’s about the EU allowing Uk finance firms access to EU clients whilst operating under different rules (whatever rules the UK chooses for its own financial sector) then what motivation is there for EU to agree to that ?
Just because you have harmonised regulations, doesn’t mean you have harmonised interpretation and application of those regulations. The UK have always had much tighter regulation of its financial sector than other EU countries, always being a step ahead of whatever process the EU introduced. France and Germany are also good but the other EU states are a relative joke.

You succeed as a financial sector by being more stable, not more volatile. Since Brexit, the PRA and FCA have been trying to figure out what from the EU regulations works and which of it needs more tightening, more than which of it can now be dumped.

There’s also plenty of precedent for the EU accepting “equivalence” from other territories regarding financial regulations. This is saying that they recognise there are differences but the controls are equivalently strong, meaning it’s ok to have access to the EU market. Switzerland would be an example — FINMA don’t apply Solvency II but EIOPA grant their regime equivalence.
 
Renaming unpopular slimy things seems like the kind of policy Johnson's government could get behind - "Meet the new Minister for the Cabinet Office, Michael Lionheart."
I was always surprised as a youth when I found out that Rock Salmon was in fact a species of shark. Megrim was rebranded as Cornish Sole, Witch has been marketed as Torbay Sole , pilchards sometimes as Cornish Sardines, Scotch halibut isnt halibut but wolf fish, Sainsburys for some reason started selling pollock as 'colin'.
 
Just because you have harmonised regulations, doesn’t mean you have harmonised interpretation and application of those regulations. The UK have always had much tighter regulation of its financial sector than other EU countries, always being a step ahead of whatever process the EU introduced. France and Germany are also good but the other EU states are a relative joke.

You succeed as a financial sector by being more stable, not more volatile. Since Brexit, the PRA and FCA have been trying to figure out what from the EU regulations works and which of it needs more tightening, more than which of it can now be dumped.

There’s also plenty of precedent for the EU accepting “equivalence” from other territories regarding financial regulations. This is saying that they recognise there are differences but the controls are equivalently strong, meaning it’s ok to have access to the EU market. Switzerland would be an example — FINMA don’t apply Solvency II but EIOPA grant their regime equivalence.
So many acronyms. I see that Bermuda has also been granted equivalence by the EU, at least for their insurance sector. The world is so complicated.
 
So many acronyms. I see that Bermuda has also been granted equivalence by the EU, at least for their insurance sector. The world is so complicated.
So complicated and yet, at heart, so simple; neoliberal states arrange their affairs to promote wealth defence. Nothing about Brexit or remaining will alter the core function of the City to move unearned income beyond the tax jurisdictions where it is generated.
 
So many acronyms. I see that Bermuda has also been granted equivalence by the EU, at least for their insurance sector. The world is so complicated.
Bermuda has an incredibly strong insurance regime, as befits one of the three largest centres of insurance in the world. It’s a good example of how being a tax shelter is not synonymous with having lax regulation— quite the reverse.
 
Leave won.

Get over it.

(Am I doing it right?)
I can understand some of the reasons why some people may have voted leave - maybe they were voting for that weekly £350m for the NHS that turned out to be a bag of Farage lies - but what I find absolutely incomprehensible is how those people still think that this ongoing clusterfuck is a 'success' by any definition. It's a fucking disaster.
 
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The EU's response to Goves letter:

" In his letter, Sefcovic laid out areas where the UK has failed to meet promises made last December under the protocol, including the establishment of fully operational border posts to carry out checks at Northern Irish ports, and failure to provide EU customs officials with real time access to key customs IT systems. He said addressing such “teething problems” was a “prerequisite to assess whether further” flexibility demanded by the UK was “necessary and justified”. The issues will be raised at Thursday’s meeting, said the letter.

Sefcovic also rebuffed demands for a relaxation of trade barriers in areas like pet passports, food products and seeds travelling from mainland Britain to Northern Ireland. The letter says such demands would require the UK to first fully align with EU regulations in these areas."


The suggestion that there aren't even proper border posts yet is an interesting one. The government position has been Throw forms in the bin, Threatenting to break the agreed Withdrawal Agreement, and Having cake and eating it. Are the Tories dragging their feet like belligerent children, or are they thinking there's no point paying to build stuff that we're not actually going to follow through on, because of some other plan not to respect the Withrdawal Agreement down the line?

I get the impression from Badgers that they're just been slow and reluctant about it, and the whole process is one of them being dragged by the hair to the new reality they have created.
 
I was always surprised as a youth when I found out that Rock Salmon was in fact a species of shark. Megrim was rebranded as Cornish Sole, Witch has been marketed as Torbay Sole , pilchards sometimes as Cornish Sardines, Scotch halibut isnt halibut but wolf fish, Sainsburys for some reason started selling pollock as 'colin'.
Pollock has a reputation as a cheapo fish, doesn't it, the poor cousin of cod. Probably to do with that.

Novel idea giving your fish human names to encourage people to eat them.
 
Don't think many , possibly anyone. That wasn't my point though , which was that the video might come over as a random vox pop but its clearly not.

No, it's clear that everyone in that film are loyalists, their accents tell you that, plus one is even wearing a Glasgow Rangers hat.

But that doesn't make what ska invita said any less valid:

everything they say is true - BJ absolutely bare face lied, repeatedly, and fucked them off as the cost of no customs union.
I cant imagine a single person in NI is going to be thinking otherwise.
 
Loyalists will be livid because of the border in the sea BJ said no british prime minister would allow
Unionists will see it as another sign of being screwed by Westminster
Anyone in between will also have heard BJ's Over My Dead Body lies and will be aware of the new border problems
I cant see who in NI would be sympathetic to what Johnsons has done here
Well he's asked for it then
 
Pollock has a reputation as a cheapo fish, doesn't it, the poor cousin of cod. Probably to do with that.

Novel idea giving your fish human names to encourage people to eat them.

" In 2009, UK supermarket Sainsbury's briefly renamed Atlantic pollock "colin" in a bid to boost ecofriendly sales of the fish as an alternative to cod. Sainsbury's, which said the new name was derived from the French for cooked pollock (colin), launched the product under the banner "Colin and chips can save British cod." "

I assume the French colin comes from the same source as coley, which is what the other species of pollock is called in the UK.
 
I don’t understand what the arguments might look like but if it’s about the EU allowing Uk finance firms access to EU clients whilst operating under different rules (whatever rules the UK chooses for its own financial sector) then what motivation is there for EU to agree to that ?


If you win the Euromillions tomorrow that's just shy of £150m, you can't deposit that in your Nat West account (well, you could, but for the love of god please don't). You need somewhere that is secure for it to sit. The City provides a very secure environment for money, there will be no bonfire of regulations as that would make it less secure.
 
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