peteblue
Welcome back Wayne
I think you will find that London’s financial services can look after themselves. London is the only global Financial centre in Europe. Like it or not EU companies and countries will still use London.....
Current Affairs EU In or Out
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I think you will find that London’s financial services can look after themselves. London is the only global Financial centre in Europe. Like it or not EU companies and countries will still use London.....
And the EU have been jealous of the London powerhouse for years. Tells you everything
I'd posted it yesterday, but in case you missed it.
Factbox-Brexit and the City of London: what changes and when
Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31.www.reuters.com
As with so much of this, it's not going to destroy the City's status as a financial power, but equally, it's certainly not helping it, which I would have thought is the whole point of this?
NilSatisOptimum
Player Valuation: £70m
Amusingly one aspect that never gets mentioned is the cost just for reading and applying this deal. Big cost for many UK into EU exporters, as they seek legal support.
The thing is, when you go about boasting that you're happily going to break international treaties, it makes countries less willing to believe a single word you say. So it's perhaps no surprise that despite Sunak talking about equivalence earlier in the year, equivalence is certainly not what has been delivered in the trading agreement. It's a failure, but Johnson laughing about sprouts, sticking it to the French with his novelty tie, and waving a big document about is enough to convince those who desperately want to be convinced and won't bother reading the full document to learn otherwise.
roydo
in memoriam - 1965-2024
lol
No it isnt. Its the biggest, based on centuries of the rule of law and the protection afforded therein.
But for gazillions of non UK banks/houses/insurance/traders, its also unfettered into the EU.
2 + 2 used to = Kerching. Now, for many of them, its 2 + ? = ??
spectateur
Player Valuation: £30m
Of course they have, it's the place most easy to do dodgy deals. has been ever since Thatcher deregulation 30 odd years ago.
roydo
in memoriam - 1965-2024
Have you asked Jacob Rees Mogg why his firm have transferred tons of cash from London to Dublin?
peteblue
Welcome back Wayne
I'd posted it yesterday, but in case you missed it.
Factbox-Brexit and the City of London: what changes and when
Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31.
As with so much of this, it's not going to destroy the City's status as a financial power, but equally, it's certainly not helping it, which I would have thought is the whole point of this?
Perhaps, but the EU were already looking at a variety of taxes including transaction tax etc, to rein in London and extract tax revenue. That will no longer be happening to London. Paris and Frankfurt can now take the hit. As you well know Bruce, London’s Financial Services did not appear overnight, they require financial and legal expertise and they will not disappear on Jan 1st...It was often stated that the U.K. needed the EU rather than the other way around, and while London does a huge amount of work for EU companies, they still require it because costs will be cheaper than anything that can be offered on the continent. In terms of Financial Services the EU a really does need London...
peteblue
Welcome back Wayne
No mate, have you....
It makes you wonder why the City was lobbying so hard for the access they currently enjoy to remain if it's so meaningless, doesn't it?
Like I said, all of the infrastructure surrounding the City mean it won't lose its status as a financial power, but, again, Brexit is supposed to make things better, and the City was quite clear in what it wanted from any future arrangement, and your man hasn't delivered it. Instead, we're being asked to accept "they'll survive" as some kind of benefit.
Pete comes across as much more of the suck up arse kissing type, to the likes of Rees Mogg, based on his posting history.
tsubaki
Player Valuation: £90m
been right more than you have - though again so have most posters here
Emlynsqueakyvoice
Player Valuation: £6m
The dup will be drenched in baby milk in the short term but we all know that tne break up of the UK starts here. Do you remember Johnson telling Arlene and her mates to bell him for permission to ditch the extra paperwork that would be required as London wouldnt recognise such a thing as an internal border? The lie is exposed. Yet another lie, that is...
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