Another new Brexit thread

[Metal Biker]

mate you are making the classic mistake of making assumptions and thinking you know why people voted leave .

there is a distinction between wanting an economic relationship with the eu and a political one.

that’s why efta is attractive as it ticks that box.

that said I think where we are now economically and where Germany and France are , means we will leave the eu and get a bespoke trading agreement with the eu.

Yeah, but we're not getting EFTA membership so that means you must be a sad panda like every remainer on January 31st. :)

 

[kevin horlocks wand]

I'm talking about free movement of services between the UK and the EU, which form virtually no part of the EU's trade agreement with Japan. So, as I asked, when did Japanese banks get the same rights?

no you asked when did Japanese banks get the right to sell “ US”financial services and I pointed out now as there are numerous Japanese banks in the city.

 

[Metal Biker]

No delight here. EFTA was my second most desired option after remaining

Yeah but I imagine it was way way WAY down your list of priorities.

EFTA was most desired, just leaving with a trade deal was a very, VERY close second for me. FoM was a complete non-issue for me; not bothered if we left but had to retain it, not bothered if we left and lost it.

 

[aguerrrroooooooooooo]

Yeah but I imagine it was way way WAY down your list of priorities.

EFTA was most desired, leaving with a trade deal was a very, VERY close second for me. FoM was a complete non-issue for me; not bothered if we left but had to retain it, not bothered if we left and lost it.

I'd say second is pretty high on a list of about 4 options.

 

[Len Rum]

a load of cobblers. The UK has been doing a bit better than the Eurozone and a bit worse than the G7. Insofar as there’s been a cost of Brexit, it’s been the cost of delaying Brexit and the uncertainty of the last few Years. Even the FT is now on board.

Look at the response of metal biker . in terms of laws I don’t like the one that means we have to pay billions annually to be part of the trading club which other countries like Japan and Canada don’t have to and have the same trading rights . That’s a fairly big law I don’t like.

Please mate stop repeating yourself.
Japan and Canada don't have the same trading rights with the EU that we currently enjoy as an EU member.

 

[Metal Biker]

I'd say second is pretty high on a list of about 4 options.

And how passionately did you fight for EFTA membership?

I don't remember anything from you on the subject, nor any defence of it.

 

[Chris in London]

a load of cobblers. The UK has been doing a bit better than the Eurozone and a bit worse than the G7. Insofar as there’s been a cost of Brexit, it’s been the cost of delaying Brexit and the uncertainty of the last few Years. Even the FT is now on board.

Look at the response of metal biker . in terms of laws I don’t like the one that means we have to pay billions annually to be part of the trading club which other countries like Japan and Canada don’t have to and have the same trading rights . That’s a fairly big law I don’t like.

This is what I replied to - the part where you said that Japan has the same trading rights. It simply doesn't.

However if you think that the presence of Japanese banks in the UK means Japanese banks have the same trading rights in the UK as our banks do in the EU then that's fine, you stick to what you believe. Have a good day, blue.

 

[Metal Biker]

Please mate stop repeating yourself.
Japan and Canada don't have the same trading rights with the EU that we currently enjoy as an EU member.

They seem to be doing okay with what they have.

 

[aguerrrroooooooooooo]

I don't remember anything from you on the subject, nor any defence of it.

Appears you've got a poor memory then

 

[Metal Biker]

Appears you've got a poor memory then

No I genuinely would have remembered.You weren't part of any discussions, any arguments or any debates.

I don't recall you on any of the old threads passionately defending EFTA nor campaigning for it.

 

[aguerrrroooooooooooo]

No I genuinely would have remembered.You weren't part of any discussions, any arguments or any debates.

I don't recall you on any of the old threads passionately defending EFTA nor campaigning for it.

Why would I passionately campaign for something 2nd on my list of priorities?

 

[kevin horlocks wand]

This is what I replied to - the part where you said that Japan has the same trading rights. It simply doesn't.

However if you think that the presence of Japanese banks in the UK means Japanese banks have the same trading rights in the UK as our banks do in the EU then that's fine, you stick to what you believe. Have a good day, blue.

you clearly don’t understand global banking.

 

[Chippy_boy]

They seem to be doing okay with what they have.

Playing devil's advocate here, but neither Canada nor Japan have half their exports going to the EU. nor are so reliant upon their services sectors as we are.

 

[Metal Biker]

Why would I passionately campaign for something 2nd on my list of priorities?

Which is why I said it was way way WAY down your list of priorities.

It should have been number one after the referendum result, if it was your "second prefered option".

 

[aguerrrroooooooooooo]

Which is why I said it was way way WAY down your list of priorities.

It should have been number one after the referendum result, if it was your "second prefered option".

No, it was second, not way down the list.

 

[Metal Biker]

No, it was second, not way down the list.

You just said that you preferred remaining to EFTA, well remain lost, why didn't you then promote EFTA?

Precisely when were you going to start advocating EFTA as your preferred option?

 

[Len Rum]

Please mate stop repeating yourself.
Japan and Canada don't have the same trading rights with the EU that we currently enjoy as an EU member.

They seem to be doing okay with what they have.

The OP made the incorrect assertion that Japan and Canada have the same trading rights with the EU as the UK does currently.
They ( Japan and the Canada) don't.
That was the point I was making.
Your reply is irrelevant.
Do keep up.

 

[aguerrrroooooooooooo]

You just said that you preferred remaining to EFTA, well remain lost, why didn't you then promote EFTA?

Because remaining was still the most preferable of the two options

 

[Chris in London]

you clearly don’t understand global banking.

Yes, that's obviously the answer. Have a great day.

 

[kevin horlocks wand]

Playing devil's advocate here, but neither Canada nor Japan have half their exports going to the EU. nor are so reliant upon their services sectors as we are.

yeah but playing devils advocate and to Mr London’s point.

if post brexit a large company in Düsseldorf needs to raise a billion euros as part of a refinancing. That would be funded by a global syndicate of banks with an agent and lead bank. Typically given the amount this would be global banks. So eg a US bank, UK bank and let’s say a Japanese bank and may be a german bank.

the banks would have a lead banking agent , probably the German bank, and lend the money probably through a local subsidiary bank ( as they would have a local relationship) , through the syndicate agreement . The money would flow from around each banks capital in each country , probably from their HQ in each of their own countries to the lead bank and on to company.

how post brexit can this be prevented from happening, or not permitted under the eu japan agreement , or for that matter under the non existent EU / US agreement?

American banks sell their money and financial services into the eu and around the EU every day. GOldman Sachs, Bank of America, Merril Lynch anymore??????

how do they operate they are out of the eu but trade within the eu. It can’t be as simple as just forming a subsidiary in the eu can it?