Another new Brexit thread

[Gareth Barry Conlon]

As both parties will have negative impacts from and issues of border management etc - and we are supposed to be supportive partners - it is in our joint interests to support each other in the implementation of an 'Australian TA' - but let's be clear that we have left and negotiations are ended - the rest is just planning and implementation.

Calling it a Australia TA is repeating the BS. TA implies agreement where there is no agreement. You should call it what it is which is WTO or No Deal.

 

[mcfc1632]

Calling it a Australia TA is repeating the BS. TA implies agreement where there is no agreement. You should call it what it is which is WTO or No Deal.

Sorry - I was just trying to be somewhat joking/sarcastic - I can accept that it does not come across in type

 

[Vic]

Oh - I can understand that - I have been saying that we should have been doing No-Deal planning since 2016 - or at the very least 2017.

What I mean is that there is no point in any extension for the purpose of undertaking negotiations. The EU clearly want an extension for the purpose of further negotiations

Personally - I would prefer a statement now that states that we leave at the end of December with No-Deal and we agree to phase in the implementation of trade/border arrangements from now up to June 2021 - but let's stop with any focus on negotiations if there is not going to be movement - it is just a distraction to both parties.

As both parties will have negative impacts from and issues of border management etc - and we are supposed to be supportive partners - it is in our joint interests to support each other in the implementation of an 'Australian TA' - but let's be clear that we have left and negotiations are ended - the rest is just planning and implementation.

No movement you say?

So before the weekend you had proof that

We will not see movement from the EU unless and until they are faced with the prospect of a viable walk-away option – and the political will to use it

but now you don't have proof.

 

[journolud]

No movement you say?

So before the weekend you had proof that

We will not see movement from the EU unless and until they are faced with the prospect of a viable walk-away option – and the political will to use it

but now you don't have proof.

Nah, he never said that, did he?

 

[bluethrunthru]

Barnier effectively sending UK financial firms packing from the EU. No passporting. Of course we were assured they wouldn't do this.....

https://ec.europa.eu/info/sites/info/files/speech-barnier-eurofi-30062020_en.pdf

 

[mcfc1632]

Barnier effectively sending UK financial firms packing from the EU. No passporting. Of course we were assured they wouldn't do this.....

https://ec.europa.eu/info/sites/info/files/speech-barnier-eurofi-30062020_en.pdf

Did you actually read that?

If so - did you actually understand the narrative / points made?

Genuine question - and just curious as I cannot see what 'news' there is

And another genuine question - why do you seem to exult in good news for the EU - particularly when it is to the detriment of the UK - even if it takes your weird spin to make it so?

 

[bluethrunthru]

Did you actually read that?

If so - did you actually understand the narrative / points made?

Genuine question - and just curious as I cannot see what 'news' there is

And another genuine question - why do you seem to exult in good news for the EU - particularly when it is to the detriment of the UK - even if it takes your weird spin to make it so?

Of course I read it.

I like seeing the Brexit "promises" turn to ash - I am sad for the damage it will inflict on my already damaged country.

 

[BlueAnorak]

Barnier effectively sending UK financial firms packing from the EU. No passporting. Of course we were assured they wouldn't do this.....

https://ec.europa.eu/info/sites/info/files/speech-barnier-eurofi-30062020_en.pdf

Irrelevant.
The City wont take a much of a hit if any.
The City prepared for this by Christmas 2017. I know, I worked on one of many major projects to deliver the IT in the cloud to do it. You cant stop services at a border. Even Euro settlements can be done remotety via a client office in the EU.

Some front office jobs will be lost in the UK but new front office jobs will be created in the UK by foreign firms who need City finance setting up London offices to do similar things as the City has done in reverse. The planed EU financial transaction tax will accelerate the latter. Indeed ther are 10% more City jobs in the UK than there were in June 2016.

Moving much of the City IT to the cloud even turned out to be a useful way of moving tax liabilities away from the UK should Corbyn have come to power.

 

[west didsblue]

Barnier effectively sending UK financial firms packing from the EU. No passporting. Of course we were assured they wouldn't do this.....

https://ec.europa.eu/info/sites/info/files/speech-barnier-eurofi-30062020_en.pdf

He’s a specialist in commenting on articles he hasn’t read, so here’s the bit you’re talking about. Can’t see much scope for a different interpretation.

So, 1 January 2021 will bring big changes.
UK firms will lose the benefit of the financial services passports.
This should not come as a surprise to you. We have been warning about this for the past 3 years.

 

[west didsblue]

Irrelevant.
The City wont take a much of a hit if any.
The City prepared for this by Christmas 2017. I know, I worked on one of many major projects to deliver the IT in the cloud to do it. You cant stop services at a border. Even Eurotrading can be done remotety via a client office in the EU.

Some front office jobs will be lost in the UK but new front office jobs will be created in the UK by foreign firms who need City finance setting up London offices to do similar things as the City has done in reverse. The planed EU financial transaction tax will accelerate the latter. Indeed ther are 10% more City jobs in the UK than there were in June 2016.

Moving much of the City IT to the cloud even turned out to be a useful way of moving tax liabilities away from the UK should Corbyn have come to power.

You’re sort of correct in that the big City firms won’t suffer as they have been planning for this, but those plans have involved setting up offices in the EU, so although the companies won’t suffer too much, the City will due to the outflow of capital and services to the continent that will only be partly offset by EU companies setting up small UK offices.