Is Boris sh*tting himself?
Discussion
///ajd said:
We're being totally out played.
Totally outplayed...when exactly did their incessant cajoling to invoke A50 work? I missed the announcement from CMD that you must have seen somewhere.Being outplayed relates to Iceland and football not the EU and Remainian rhetoric, and Iceland were also sensible enough to withdraw their EU membership application recently.
Zod said:
Alex said:
Tuna, that would be my choice. No UK tariffs, regardless of what the EU decide to do.
I thought Brexiteers were concerned about the trade deficit. What do you think would happen to that if we had no tariffs on imports, but our exports attracted tariffs in the EU?///ajd said:
the minford plan
= car making will leave UK and go into the EU
= car making will leave UK and go into the EU
Dr Jekyll said:
We would get cheaper stuff. Having a trade deficit with one part of the world really isn't a problem and other countries could well follow suit in lifting tariffs.
These two quotes sum up Leave v's Remain. Two people see the same question and come to completely opposite conclusions.I have to say that the Remain Fear that 'everything will be destroyed' seems particularly negative. Not every car manufacturer would regard moving to a protectionist zone where their workers are poorer as being a good idea, never mind the fact that they still have to transport half the goods back to the place they've moved from. On the other hand, no import tariffs does pretty clearly benefit us. It injects cash into the economy (which is what the EU have been desperately doing) and enables trade.
///ajd said:
RYH64E said:
Tuna said:
Mrr T said:
EU financial services passporting?
It keeps being raised. But it would cause utter chaos to take passporting away from the UK. If the EU attempt to force financial services to relocate, global businesses would be thrown into the sort of chaos that makes the current situation look like a holiday. A lot of global businesses would be pretty upset by that and I imagine will be lobbying the EU not to blow the lifeboats out of the water.http://www.theguardian.com/politics/2016/jun/29/ev...
Worryingly he is danglng a carrot that sounds like special freedom of movement.
In other words - OK UK you have your special wall to keep out foreigners and we'll suck your banks into the EU.
We're being totally out played.
London424 said:
They've been trying to get FS out of London for ages. Staying in wouldn't have stopped that at all!
The Remainders' base assumption that the EU is just, stable, and risk free is completely wrong. There has always been the possibility of a future back-room deal shifting finance to Frankfurt, or even Paris.
SoS for Brexit would be a good role for Boris. He's got no experience of Government and put bluntly is nowhere near being ready to be PM yet (Transport Minister would be his other potential berth given his experience with bus and cycle lanes in London). Brexit is his "thing" so let him do it.
Greg66 said:
SoS for Brexit would be a good role for Boris. He's got no experience of Government and put bluntly is nowhere near being ready to be PM yet (Transport Minister would be his other potential berth given his experience with bus and cycle lanes in London). Brexit is his "thing" so let him do it.
Johnson wants nothing more that something akin to the Norwegian option. If, gods help us, he is in charge of negotiations, we'll end up, if what he said is true (just run with me on this one) with open borders remaining. Brexit is not his thing, Johnson is.
Derek Smith said:
Johnson wants nothing more that something akin to the Norwegian option. If, gods help us, he is in charge of negotiations, we'll end up, if what he said is true (just run with me on this one) with open borders remaining.
Brexit is not his thing, Johnson is.
Fair point. Brexit is not his thing, Johnson is.
London424 said:
///ajd said:
RYH64E said:
Tuna said:
Mrr T said:
EU financial services passporting?
It keeps being raised. But it would cause utter chaos to take passporting away from the UK. If the EU attempt to force financial services to relocate, global businesses would be thrown into the sort of chaos that makes the current situation look like a holiday. A lot of global businesses would be pretty upset by that and I imagine will be lobbying the EU not to blow the lifeboats out of the water.http://www.theguardian.com/politics/2016/jun/29/ev...
Worryingly he is danglng a carrot that sounds like special freedom of movement.
In other words - OK UK you have your special wall to keep out foreigners and we'll suck your banks into the EU.
We're being totally out played.
RYH64E said:
London424 said:
///ajd said:
RYH64E said:
Tuna said:
Mrr T said:
EU financial services passporting?
It keeps being raised. But it would cause utter chaos to take passporting away from the UK. If the EU attempt to force financial services to relocate, global businesses would be thrown into the sort of chaos that makes the current situation look like a holiday. A lot of global businesses would be pretty upset by that and I imagine will be lobbying the EU not to blow the lifeboats out of the water.http://www.theguardian.com/politics/2016/jun/29/ev...
Worryingly he is danglng a carrot that sounds like special freedom of movement.
In other words - OK UK you have your special wall to keep out foreigners and we'll suck your banks into the EU.
We're being totally out played.
WestyCarl said:
Why? (never understood the argument being out of the EU would mean all the banks would leave)
. http://www.eba.europa.eu/regulation-and-policy/pas..."the banks" is a vague description
nationwide, TSB and co op bank and building societies like Coventry and Yorkshire typically only lend and borrow in the UK and they would still be here. They are the types of banks we, imho, need.
other banks that do more 'exotic' things and that trade more all over Europe and the world like HSBC etc could well have a reason to leave.
I can see it affecting the minority in central London but it would make not a jot of difference to anyone outside of that central financial district in London.
I can see why, therefore, people are forecasting London house prices to fall somewhat and why people in London wish to stay in. But, for those outside of London it won't make a blind bit of difference.
I feel sorry for people that will lose their jobs of course although I would have thought that if the banks moved to paris then the senior staff would move there. yes, we have voted out of the EU but just as you would if you worked for a US company the company could move you over there with a bit of paperwork.
there is no difference to my life now than there was last week.
nationwide, TSB and co op bank and building societies like Coventry and Yorkshire typically only lend and borrow in the UK and they would still be here. They are the types of banks we, imho, need.
other banks that do more 'exotic' things and that trade more all over Europe and the world like HSBC etc could well have a reason to leave.
I can see it affecting the minority in central London but it would make not a jot of difference to anyone outside of that central financial district in London.
I can see why, therefore, people are forecasting London house prices to fall somewhat and why people in London wish to stay in. But, for those outside of London it won't make a blind bit of difference.
I feel sorry for people that will lose their jobs of course although I would have thought that if the banks moved to paris then the senior staff would move there. yes, we have voted out of the EU but just as you would if you worked for a US company the company could move you over there with a bit of paperwork.
there is no difference to my life now than there was last week.
Derek Smith said:
Johnson wants nothing more that something akin to the Norwegian option. If, gods help us, he is in charge of negotiations, we'll end up, if what he said is true (just run with me on this one) with open borders remaining.
Brexit is not his thing, Johnson is.
He said we should have a points based system for EU migration as well in his post referendum article. Brexit is not his thing, Johnson is.
Early days yet and let us see what the leading candidates commit to.
marshalla said:
WestyCarl said:
Why? (never understood the argument being out of the EU would mean all the banks would leave)
. http://www.eba.europa.eu/regulation-and-policy/pas...
jonah35 said:
other banks that do more 'exotic' things and that trade more all over Europe and the world like HSBC etc could well have a reason to leave.
I can see it affecting the minority in central London but it would make not a jot of difference to anyone outside of that central financial district in London.
How much tax do those banks pay?I can see it affecting the minority in central London but it would make not a jot of difference to anyone outside of that central financial district in London.
Edited by RizzoTheRat on Thursday 30th June 09:07
WestyCarl said:
I haven't read it all but that doesn't mean they'll leave, the banks will still have their "Eu regulation passport" and I dare say the UK, as a sovereign state, will recognise it. Business as usual and all the bankers have London as their playground
They have it because the UK as an EU member authorised them. If the UK is not an EU member it can't authorise them for what's left of the EU. To be authorised by an EU member state, they have to have headquarters in that state.It appears BoJo will be putting himself forward for PM today along with Theresa May.
While I feel Theresa would be the better PM there is a significant part of me wanting Boris to get the job so he can take responsibility for his actions and let history judge him on his success or failure.
While I feel Theresa would be the better PM there is a significant part of me wanting Boris to get the job so he can take responsibility for his actions and let history judge him on his success or failure.
herewego said:
I don't see why the rest of us can't buy our financial services from centres in Paris or Frankfurt or anywhere else. Why should we be concerned about London FS?
. http://www.parliament.uk/briefing-papers/sn06193.p...lostkiwi said:
It appears BoJo will be putting himself forward for PM today along with Theresa May.
While I feel Theresa would be the better PM there is a significant part of me wanting Boris to get the job so he can take responsibility for his actions and let history judge him on his success or failure.
May has nowhere near the wide appeal Boris has. Posh Bird vs Man of the People, no contest and it has nothing to do with gender, the phrases simply fit well. For the sake of an easier 2020 the Party needs to elect Boris, quite apart from taking responsibility for Brexit.While I feel Theresa would be the better PM there is a significant part of me wanting Boris to get the job so he can take responsibility for his actions and let history judge him on his success or failure.
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