Brexit: Now What? Part III

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Quitters say "they need us more than we need them", I can only think they mean this:
"The think tank says that "Brexit involves risks for market integrity and stability, because the EU including the UK has been crucially dependent on the Bank of England and the UK Financial Conduct Authority for oversight of its wholesale markets," and adds that "losing even partial access to the efficient London financial centre could entail a loss of efficiency for the EU27 economy.""

As I don't think Prosecco sales are that important.

However, from the same article, we have:
"These estimates "are for the purposes of illustration and debate, and not intended as forecasts," Bruegel cautions. But they are also not pie in the sky numbers — they are derived from "discussions with market participants throughout Europe," the paper says.

Bruegel's estimate of 30,000 job losses — 10,000 in wholesale banking and 20,000 in professional services — is in fact on the conservative end. Consultancy EY estimated last year that as many as 83,000 jobs could disappear as a result of Brexit."

And an interesting graph showing the potential shift in share of the market.
http://uk.businessinsider.com/brueg...nce-city-30000-jobs-assets-8bn-revenue-2017-2
 
wobs said:
May's "strong & stable" must mean:
"Theresa May has accused EU leaders of preparing to "line up to oppose us" over Brexit, as she made an audacious appeal to Labour supporters to “lend me their vote” to strengthen her hand."
- Accusing the EU27 of ganging up on us. Or throwing a hissy fit.
http://www.independent.co.uk/news/u...e-brexit-success-eu-tory-leader-a7706096.html
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As Klimax said. What was the expectation ? "they are not rolling over the ground asking UK to take pity of them and basking in the holy supremacy of the UK empire" ?

They (the EU 27) have the job of protecting and taking as much as they can for those still in, that is the 27. The UK be damned as it is leaving. And if it involves giving concession to UK , it will be done. But if it involves having a hard line , it will be done. And it will be for the 27's sake, not for the +1 deciding to give its tamper tantrum and giving a kick to the table.
 
Aepervius said:
As Klimax said. What was the expectation ? "they are not rolling over the ground asking UK to take pity of them and basking in the holy supremacy of the UK empire" ?

They (the EU 27) have the job of protecting and taking as much as they can for those still in, that is the 27. The UK be damned as it is leaving. And if it involves giving concession to UK , it will be done. But if it involves having a hard line , it will be done. And it will be for the 27's sake, not for the +1 deciding to give its tamper tantrum and giving a kick to the table.
Click to expand...

I have no idea why - in a negotiation where good relations are vital, the government is pandering to the xenophobes and little Englanders.

And we have a general election to cement this due to the utter incompetence of Labour.
 
I don't know why a large mandate would strengthen her hand in negotiations.

It will have no effect at all on the other 27 countries, surely?
 
wobs said:
Quitters say "they need us more than we need them", I can only think they mean this:
"The think tank says that "Brexit involves risks for market integrity and stability, because the EU including the UK has been crucially dependent on the Bank of England and the UK Financial Conduct Authority for oversight of its wholesale markets," and adds that "losing even partial access to the efficient London financial centre could entail a loss of efficiency for the EU27 economy.""

As I don't think Prosecco sales are that important.

However, from the same article, we have:
"These estimates "are for the purposes of illustration and debate, and not intended as forecasts," Bruegel cautions. But they are also not pie in the sky numbers — they are derived from "discussions with market participants throughout Europe," the paper says.

Bruegel's estimate of 30,000 job losses — 10,000 in wholesale banking and 20,000 in professional services — is in fact on the conservative end. Consultancy EY estimated last year that as many as 83,000 jobs could disappear as a result of Brexit."

And an interesting graph showing the potential shift in share of the market.
http://uk.businessinsider.com/brueg...nce-city-30000-jobs-assets-8bn-revenue-2017-2
Click to expand...

There is one more part which deserves to be cited, I think.

However, Bruegel's policy paper says that Brexit is "an opportunity for the remaining EU27 to accelerate the development of its financial markets" and recommends that Europe harmonises its financial legislation and improves regulatory oversight in preparation for Brexit. If this happens, it could negate Britain's advantage in negotiations.

In other words the mere threat of a hard Brexit could end up benefiting EU and hurting UK far more than the assessment says and the hard Brexit could then drive this home.

McHrozni
 
Plays perfectly to that twisted British psyche. Make Brexit as painful as possible and the "Blitz spirit" cuts in and we uncomplainingly Keep Calm and Carry On :mad:
 
The Don said:
Plays perfectly to that twisted British psyche. Make Brexit as painful as possible and the "Blitz spirit" cuts in and we uncomplainingly Keep Calm and Carry On :mad:
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This is a short-sighted policy by the Tories, surely?
I mean I understand they might be able to get a grip on British politics for another 2 election cycles (this one and the next), but after that? Suppose Northern Ireland and Scotland leave too, who will the Little Englanders blame?

Corbyn?

McHrozni
 
McHrozni said:
This is a short-sighted policy by the Tories, surely?
I mean I understand they might be able to get a grip on British politics for another 2 election cycles (this one and the next), but after that? Suppose Northern Ireland and Scotland leave too, who will the Little Englanders blame?

Corbyn?

McHrozni
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The Scots and the Northern Irish (who will by then be despicable foreigners - if they are not already ;)) - derp :p
 
jimbob said:
I have no idea why - in a negotiation where good relations are vital, the government is pandering to the xenophobes and little Englanders.

And we have a general election to cement this due to the utter incompetence of Labour.
Click to expand...

Well that much I can explain. The Government ARE xenophobes and Little Englanders.
 
Archie Gemmill Goal said:
Well that much I can explain. The Government ARE xenophobes and Little Englanders.
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Chatted to some guy tonight, I am currently in Spain, and when the conversation lead to Brexit, his reply was "England..." He never mentioned Scotland or Wales let alone N. Ireland.

He voted Remain.

I do not know if I am seeing the destruction of Great Britain or the UK but it saddens me greatly.

I spent over 35 years in the UK, from where I got my education, understanding of fairness, honesty and good pragmatism.

Those years seem gone.

I am truly depressed.
 
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