Brexit Begins

[Hazir]

Hopefully clearing will be sorted, but there's a difference of course between trillions in assets nominally changing jurisdictions and billions or trillions in taxes doing so. Many companies seem to have set up a glorified PO Box in Europe for holding the assets while keeping the jobs and real work in London so it will be interesting to see as time goes on how that affects taxation.

I like the logic in the article that, far from being so big that financial services needed dealing with, that financial services are 'big enough to look after themselves'. The simple reality is that financial services are so big and so global that its important London is a rule setter not a rule taker. Hence its not as simple as "agree a deal".

You seem to forget that the rules set in case the City survives, will not be decided in Westminster.

[Hazir]

Brexit threatens to plaice sole-crushing administrative burden on fish entrepreneurs

It isn’t a threat,it’s reality. We treat fish from the UK now exactly the same as fish from Indonesia. Britain in a true Global Britain way.

[RandBlade]

You seem to forget that the rules set in case the City survives, will not be decided in Westminster.

Actually that's the point. They will be.

[Aimless]

It isn’t a threat,it’s reality. We treat fish from the UK now exactly the same as fish from Indonesia. Britain in a true Global Britain way.

I was just trying to fit in some puns

[Aimless]

Twitter Link

*whistles innocently*

[Aimless]

https://www.politicshome.com/news/ar...ed-email-shows

[white and red clown emoji]

[RandBlade]

Twitter Link

Case closed!

[RandBlade]

First major divergence in banking rules - City going tougher than Europe. Good luck cashing in your software during a credit crunch, what a bizarre decision by the EU.

Twitter Link

[Hazir]

Anyone else confused by the pathetic way in which the British government keeps telling they will take one issue or another up with the EU or the members of the EU?

What's feeding this idea that we have time to palaver about what they don't like about having left this time.

One of the issues was the ability of British performers having to apply for a separate work permit for every single country where they want to go on stage. Again the tired promise to talk to the members. But this time it's even a bit more pathetic because during the negotiations the idea of a 90-day visa free period for temporary workers was rejected by the UK. Do they think any EU capital is unaware of this fact? Do they really expect the members to undermine the EU positions where these are so clearly in the best interest of all members?

[RandBlade]

Wasn't sure whether to put this in the Brexit, Covid or UK politics thread but this is extremely interesting. There's been reports that with much of hospitality closed in the UK due to Covid that many migrants who'd come here to work had "returned home" rather than stay in the UK paying high rents without income coming in. These are the changes on employment levels in Oct-Dec 2020 compared with a year earlier:

Total -542k
UK born +251k
EU born -497k
Non EU born -298k

And within the EU born:

EU14 'Western Europe' -58k
EU8 'Eastern Europe' -302k
EU2 'Romania & Bulgaria' -138k

https://www.ons.gov.uk/employmentand...tionalityemp06

Helps explain why unemployment hasn't become an issue during the last year. I'm absolutely flabbergasted to see UK born figures up by a quarter of a million during a pandemic, I'd have expected it to be well down.