https://youtu.be/9Jrn_SXimFs
Mike wont be happy he makes a killing on the German bar flys
Regards
DF
This one is a bit of a conundrum.
We put bugger all in the 'Brexit deal' about our biggest export market and we now want to negotiate with the EU about getting them to grant Passporting and Equivalence to the UK markets after we have left. Completely taking aside whether it was the wisest thing to do to wait until the deal was signed, done and dusted, here's the real issue.
UK wants to use it's new found sovereignty to de-regulate the financial markets and make them 'more attractive' to over seas investors.
EU says if you are going to de-regulate your financial services, we won't grant Passporting and Equivalence.
In the meanwhile, financial business continue to move out of the UK and into the EU whilst this problem exists
Brexit leaves UK finance in limbo as City fights for EU access
Britain’s finance industry is appealing for greater access to the European Union single market, amid fears that politics could leave large parts of the City of London shut out of Europe for good. Financial and professional services firms were left out of the Brexit deal struck on 24 December, which instead focused on movement of goods. UK and EU leaders have agreed to ongoing talks covering finance.
However, the longer the UK’s finance industry remains stuck in limbo with the equivalence question hanging above it, the greater the risk of jobs and assets leaving the City. Around 7,500 finance jobs have left Britain since the country voted for Britain in 2016 and over £1.2tn of assets have been transferred to the EU, according to EY. “London is a major financial centre — that will not change overnight,” McGuinness told Bloomberg last month. “But it’s also important to acknowledge that it’s significant was part and parcel of being within the European Union. Change is coming.”
Britain is seeking between 28 and 40 equivalence rulings from the EU depending on how you view the regulation. The most important decisions revolve around Europe’s MIFID II regulation, which covers investment banking activities. Publicly, EU leaders say equivalence has been held up by concerns about a bonfire of regulation in Britain.
https://uk.finance.yahoo.com/news/uk-finance-eu-brexit-equivalence-thecityuk-city-of-london-072730803.html
Obviously not as immediately worrying as the NI issue, but moving forward, equally hard to see a solution.
We should just be grateful that we managed to get the Fishing industry sorted before Jan 1st, could you imagine what was at stake there
surely someone in your life cares...
Well I guess so, as they haven't insisted I move to the other side of the world yet
how confusing ....Michael Bubbles version of twelve german bombers much more appropriate imho............Crete's lovely btw...
ah well , probably too late now ......i hear Bognor is nice in spring....
Hmmm..... Raki funny as **** , till the morThanks i've had a beer in here ,Mike like to throw in a Generous amount of Raki to keep the punters happy
Regards
DF
Full of Eastern Europeans
Regards
DF
surely someone in your life cares...
Crisis talks with EU after loyalist threats at Northern Irish ports
EU officials withdrawn from Northern Ireland ports following threats to staff from loyalists
NI border checks are halted over 'loyalist threats'
Loyalist threats to North port workers
Dissident loyalists blamed for threats against port staff in Northern Ireland
It's flattering that you should think it, but I don't actually have influence over what the UK mainstream press print
And back on topic
I see Johnson has finished being outraged by the EU threatening to trigger Article 16 and is now threatening to trigger Article 16
PM ‘willing to override part of NI Protocol’
The agreement on post-Brexit trade to keep the Irish land border open has caused disruption to goods travelling from the rest of the UK but progress has been made in recent weeks. Mr Johnson said: “We will do everything we need to do, whether legislatively or indeed by triggering Article 16 of the protocol, to ensure that there is no barrier down the Irish Sea.”
https://www.eveningexpress.co.uk/news/uk/pm-willing-to-override-part-of-ni-protocol/
On arriving in Downing Street, Boris Johnson had ditched Theresa May’s plans to avoid checks by keeping the UK in the EU’s customs territory. Johnson claimed that would have prevented the government from reaping rewards of Brexit by striking trade deals with the rest of the world.
https://www.msn.com/en-gb/news/brexit/northern-ireland-uk-asks-eu-to-extend-grace-periods-on-brexit-checks/ar-BB1dlcdg
He now doesn't want the 'good deal' that he negotiated
You must hate not being able to say how you really feel.
It's funny how we keep trying to rip up our own deals? It's almost like our government hadn't thought things through.... Or was it the fact that there was only a days discussion before reluctantly voting it in.And back on topic
I see Johnson has finished being outraged by the EU threatening to trigger Article 16 and is now threatening to trigger Article 16
PM ‘willing to override part of NI Protocol’
The agreement on post-Brexit trade to keep the Irish land border open has caused disruption to goods travelling from the rest of the UK but progress has been made in recent weeks. Mr Johnson said: “We will do everything we need to do, whether legislatively or indeed by triggering Article 16 of the protocol, to ensure that there is no barrier down the Irish Sea.”
https://www.eveningexpress.co.uk/news/uk/pm-willing-to-override-part-of-ni-protocol/
On arriving in Downing Street, Boris Johnson had ditched Theresa May’s plans to avoid checks by keeping the UK in the EU’s customs territory. Johnson claimed that would have prevented the government from reaping rewards of Brexit by striking trade deals with the rest of the world.
https://www.msn.com/en-gb/news/brexit/northern-ireland-uk-asks-eu-to-extend-grace-periods-on-brexit-checks/ar-BB1dlcdg
He now doesn't want the 'good deal' that he negotiated