Europe remains the key to Britain’s future economic success

[newbee2022]

4 minutes ago, Cameroni said:

 

It has nothing to do with broadmindedness in Frankfurt or Paris. 

 

It's just that German and French banks are used to doing business in London, and  to force them not do it, would require a Trump and neither Germany nor France have one. Yet.

No

[Cameroni]

12 minutes ago, newbee2022 said:

No

 

Oh yes, previous attempts to take on London as a financial centre were half-hearted and amateurish, weak even. They failed because they were sabotaged by German and French banks. It would need strong leadership to push through the required legal changes that would force German and French banks to do business in the EU rather than the UK.

 

It could be done.

[RayC]

8 hours ago, Cameroni said:

 

With settlements now a very moderate deal was reached, the EU only requires a modest percentage of settlements to be made in the EU. However, the EU could have mandated a far greater precentage of settlements has to be made in the EU. That would have substantially reduced the business the City does in terms of settlements. US banks located in London would have had to use EU clearing houses, they'd have had no choice. So the major UK clearing houses would not have had that business anymore. It would not have applied "equally" to the US sector, because US clearing houses in the US would not have been affected, only the UK's clearing houses would have. Could some US banks in the UK have decided the extra cost of Frankfurt clearing houses would make them cease operations in Europe alltogether, yes, but extremely unlikely. They'd just have paid the Frankfurt fees for settlements.

 

This is what I mean, this would have benefitted Frankfurt as a financial centre.

 

Equally with foreign exchange business btw, the EU could mandate a few things and that business would migrate from London to Frankfurt or Paris, because it would have to due to new regulations.

 

What type of regulation have you in mind? Can you give a specific example?

 

The EU can only regulate the affairs of its' member states or companies which wish to operate within the bloc. If the EU makes it more difficult for third country companies to do business within the EU, they will either look outside the bloc or, alternatively, pass on the opportunity. Neither outcome is in the EU's interest. Moreover, how could an EU regulation prevent US and Japanese financial companies, negotiating a settlement in Euros, doing so through London if they so wished?

 

I don't see how applying increased regulation to EU financial institutions will improve their competitiveness and increase market share.

[RayC]

7 hours ago, Cameroni said:

 

Oh yes, previous attempts to take on London as a financial centre were half-hearted and amateurish, weak even. They failed because they were sabotaged by German and French banks. It would need strong leadership to push through the required legal changes that would force German and French banks to do business in the EU rather than the UK.

 

It could be done.

 

Not without an outcry from the French and German banking sectors, and the considerable risk of negative effects to the EU economy.

[RayC]

9 hours ago, frank83628 said:

 

I seem to remember people complaining that a win at 51% wasn't good enough and there should be a 2nd vote, but here 55% in a poll is proof People didint want Brexit.

 

 

2+2=5.

 

Your comment has nothing whatsoever to do with the accuracy of this latest poll.

[RayC]

9 hours ago, frank83628 said:

People voted for brexit so as not to be goverened by the bureaucratic BS in Brussels, the UK can still trade with whoever.

It was the weak remainer politicians that dragged their heels and made the UK look weak by trying to undermine the whole process, now stamer wants to reset it and waste all that time and money, then what, Farage wins next and reinstate it.

 

 

The 'confused' emoji should never have been removed.

[johng]

31 minutes ago, RayC said:

 

The 'confused' emoji should never have been removed.

I agree I would have given you one for the above.

@frank83628 is correct it was remainer politicians that did everything in their power to delay and hinder the will of the population that voted to leave.

[frank83628]

1 hour ago, RayC said:

 

The 'confused' emoji should never have been removed.

Yes, well, if you could think outside your bubble you wouldnt be so confused

[frank83628]

38 minutes ago, johng said:

I agree I would have given you one for the above.

@frank83628 is correct it was remainer politicians that did everything in their power to delay and hinder the will of the population that voted to leave.

Yup, a idea of a second referendum would not have even been entertained had the vote been to remain, would not have even made page 7 of a tabloid, instead, just as you say, all the remain politicians dragged their feet, whinged & whined nonstop and undermined the will of the people at every possible opportunity. Made the UK look a laughing stock to the world... and now stamer, who won by 34%, is going to do his best to reverse everything. 

[johng]

2 minutes ago, frank83628 said:

and now stamer, who won by 34%, is going to do his best to reverse everything.

I think and hope that he will fail miserably in that endeavor.

[RayC]

1 hour ago, johng said:

I agree I would have given you one for the above.

@frank83628 is correct it was remainer politicians that did everything in their power to delay and hinder the will of the population that voted to leave.

 

Absolute tosh.

 

What did you expect to happen? That we would wake up on 24 June 2016, and we would be out of the EU and everything would be sorted?

 

In any event, we now have Brexit but some of the loudest moaners about it are not remainers but Brexiters.

[RayC]

35 minutes ago, frank83628 said:

Yes, well, if you could think outside your bubble you wouldnt be so confused

 

😂 Says the bloke who dismissed the findings of a survey without any good reason simply because it doesn't fit his narrative.

 

Some things you just can't make up.

[RayC]

28 minutes ago, frank83628 said:

Yup, a idea of a second referendum would not have even been entertained had the vote been to remain, would not have even made page 7 of a tabloid, instead, just as you say, all the remain politicians dragged their feet, whinged & whined nonstop and undermined the will of the people at every possible opportunity. Made the UK look a laughing stock to the world... and now stamer, who won by 34%, is going to do his best to reverse everything. 

 

Whinging and whining about an event which didn't happen (and was a non-starter from the outset).

[RayC]

29 minutes ago, johng said:

I think and hope that he will fail miserably in that endeavor.

 

Heaven forbid that the UK government should try to forge a better diplomatic and trading relationship with our closest neighbours.

[bannork]

3 minutes ago, RayC said:

 

Heaven forbid that the UK government should try to forge a better diplomatic and trading relationship with our closest neighbours.

It's undeniable that Brexit has damaged the UK economy, figures show free trade from beyond the EU cannot compensate for the loss of frictionless trade with the EU. Which is not surprising when one considers our position geographically.

The Tories really messed up with the taking our borders back mantra. All they did was substitute South Asian and African workers for those from the EU. What a shambles 

I agree with whoever it may be: Labour, Tories or Reform, who insist some of the millions of Brits signing on at present, get trained up as care workers and start earning their living.

[frank83628]

8 minutes ago, RayC said:

 

Heaven forbid that the UK government should try to forge a better diplomatic and trading relationship with our closest neighbours.

There was no reason why that couldnt have been done straight away after the brexit vote result was in.

[RayC]

21 minutes ago, frank83628 said:

There was no reason why that couldnt have been done straight away after the brexit vote result was in.

 

I agree but unfortunately, the ERG didn't and they were the ones who Teresa May had to listen to, which is why we've ended up where we have.