UK after leaving the EU.

Discussion in 'Western Europe' started by william walker, Oct 13, 2016.

  1. Latherty

    Latherty Well-Known Member

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    UK is not the EAB nor EMA, it merely hosts them. The EAB is chaired by an Italian and the Exec Director is Hungarian. It employs 160 people. The office will need to be shifted but its hardly catastrophic. EAB was located in London because this is where the hub of the business was already located. Chances are they will have to retain an office in London or spend a fortune travelling
     
    Last edited: Apr 26, 2017
  2. alexa

    alexa Well-Known Member Past Donor

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    and losing banking passports?
     
  3. Latherty

    Latherty Well-Known Member

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    You mean passporting? Most banks operating in London already have banking presence in the EU. London-based banks already control operations in non-EU countries, such as Standard Chartered, through subsidiaries, and the model would merely be replicated for EU business. The business nexus is likely to remain in London, with execution capacity moving to the EU subsidiaries (or head offices) as required.

    We are likely to enter some sort of "equivalency" arrangements, but its unlikely the City would accept any regulatory control from the EU, even implied, over its GB and international business. SO the basis for the banking businesses I think will remain through owning local EU banking licences.

    There will be a loss of business, but the UK will be less obliged to make EU-friendly regulatory decisions in relation to its non-EU businesses, so I expect long term benefit for the City
     
    Last edited: Apr 26, 2017
  4. alexa

    alexa Well-Known Member Past Donor

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    No said passports. I meant bank passports. Yes it can be called passporting as well but what I said was quite acceptable. Please quit trying to present yourself as superior.

    We are likely to enter some sort of "equivalency" arrangements, but its unlikely the City would accept any regulatory control from the EU, even implied, over its GB and international business. SO the basis for the banking businesses I think will remain through owning local EU banking licences.

    There will be a loss of business, but the UK will be less obliged to make EU-friendly regulatory decisions in relation to its non-EU businesses, so I expect long term benefit for the City

    I am going to have to get back to you on this. Just going out. Are you saying that although most of the jobs will be lost in the UK and what I read was something like 100,000 in London and 300,000 in England as a consequence, nonetheless England will lose no money on this - all the money will still come back to England. England will still be able to set taxes in other countries and so on? Banking is one of the biggest parts of England's GDP. If she loses the money from that she is most certainly in serious trouble and it looks like she will.
     
  5. Latherty

    Latherty Well-Known Member

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    I disagree, as it is a verb rather than a noun which describes the exercise of an EEA right to carry on certain activities, but its not important. I was just clarifying that we were talking about the same thing.

    We will not lose that many jobs, but I expect to lose some.
    I am not sure what you mean about setting taxes in other countries, nor by the "money coming back to England".
    Here is an article re Euro trading that provides useful reading
    https://www.ft.com/content/e7b6a752-3dec-11e6-8716-a4a71e8140b0
     
  6. Baff

    Baff Well-Known Member

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    Good old Sir Nige.
     
  7. Baff

    Baff Well-Known Member

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    I'm not demanding we leave the EEC. Only the EU.

    I wouldn't personally have voted to join the EEC myself. But it was democratically legitimate for the country to do so.

    If you seek rivalry with the US I don't want to be associated with you. Please stand out of blast radius of the rest of us.
    I am not looking to start a new empire to change the peace.

    I do not believe that only EU members study in Europe.
    I am a teacher in the EU and most of my students are not from EU countries.

    Prior to joining the EU this country discovered, penicillin, gravity, split the atom. Made the World Wide Web.
    The steam engine. The train. Radar. Asthma drugs. The jet engine etc etc etc.

    Our educational tradition long predates the EU and indeed just one of our Universities alone holds more Nobel prize winners than every other EU nation combined.
    As such you will find people from all over the world falling over themselves to pay for your research.
    Visit Cambridge. Study here. We are at the very centre of global educational excellence. Looking to the continent is a downgrade from where you are right now.

    London isn't going down the drain as a banking capital.
    Is Singapore F'ed becuase it isn't part of China? No.

    We aren't going to be losing much trade to Eurobanks. You can forget that.
    They come to us, not the other way round.
    I have no need of their financial or medical "authority". They hold no authority here.
    Don't need them, don't want them. If you think they are doing something you would like to see done here, mention it to your MP.



    Thatcher did indeed use the oil revenues to make ends meet. It wasn't joining the EEC that made our country notably richer at that time... it was the discovery of oil.


    It's a historical fact that all General Election winners in my adulthood have made manifesto commitments to an EU referendum.
    The only imagination running wild here is yours if you think that isn't true.

    Who will their job abroad through Brexit?

    Name one. Tell me about such a person as you imagine.
    What kind of work must they be doing that is not valued by the people they work for unless UK is an EU member.
    If I cut a tree down for you? The tree is done, the price is right, what difference do my home countries politics make to that job? None.
    What difference do they make to any other job in a foreign country unconnected to them? None.


    I lost my UK job through Brexit. Voting against the wishes of my employer ended my career with him as promised.
    But then my teaching job went ballistic after Brexit. They love us abroad.
    So I lost my crappy "under-cut the polish" skivvy job on a building site, my excellent teaching job at the worlds finest university however... loved Brexit.
     
    Last edited: Apr 26, 2017
  8. Baff

    Baff Well-Known Member

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    The EU has never regulated UK banks. Financial services are not currently covered by the single market agreement.
    You may have imagined UK banks to have currently accepted EU regulations, but they haven't. We can't lose that since we don't have it.
    We want it, but the EU won't give it to us in exchange for no tariffs on goods.
    We must accept their primary exports tariff free, they have no reciprocal agreement for our own primary exports.
    The EU sucks for banking regulations. They have destroyed entire nations economies. Member nations,

    And the exact opposite of what you have predicted actually took place in the same circumstances you describe. (Which unbeknown to you are the exact circumstances we already have inside the EU).
    The EU follows UK banking regulations. They make their own, but theirs suck because they are not the worlds experts in banking and we are. Which is why all the EU banks operate through London.
    Those that haven't based here already will now have to. They will all follow our laws on banking, because that's the price for banking with us. Or they can bank with their own institutions. Up to them.
    I'll give you a hint, one system provides the worlds must trusted place to invest... the other doesn't.



    Will the UK, lose money on the loss of EU membership.
    Some in it will, some in it won't.

    In aggregate, the nation will be better off.

    None will lose more than the political elites who sold us out for their greed. That is justice, I wish them worse.
    Much worse.

    So far you have failed to correctly identify anyone who will be losing out from this.
    Think exporters to EU funded schemes. Politicians. And the global banks who wanted a greater say in EU financial regulating.

    Essentially, if you are not on the take, you are going to be alright.
     
    Last edited: Apr 26, 2017
  9. The Rhetoric of Life

    The Rhetoric of Life Banned

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    "See EU later..."
     
  10. cerberus

    cerberus Well-Known Member Past Donor

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    He'll probably tell them what to do with their knighthood: never mind the knighthood, how about Prime Minister Nige? Although May seems to be doing okay. My worst nightmare used to be 'Prime Minister Johnson'. :eekeyes: We owe Gove big-time that he isn't.
     
  11. alexa

    alexa Well-Known Member Past Donor

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    well you had better get in touch with most newspapers then, not me.
    It was important enough for you to make a point of it.

    Of course in talking of passports in connection to banking led you to believe I was talking about UK passports, get real.
    again you are relying on yourself not experts.You are relying what the leave campaign said.

    http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152



    note also how they use the word Passport, something you had apparently never heard of before.

    That was an article written at the beginning. The big question has always been what will happen to the finance sector after Brexit. The only people thinking nothing being the 'Leave' campaign and anyone who is not well aware that they were just sprouting whatever they thought anyone wanted to hear, believing they would lose so had no responsibility is not in touch with reality. No doubt voting leave because you hoped that London would then go for Independence (and the Capital of England going for Independence because it has had the most money invested in it in the last 30 years would really be treason and likely cause civil war) but I accept that as you voted leave in the hope of London leaving with it Financial Services in tact you no doubt will have looked into Financial Services a bit and possibly believed that as your Independent London (if it were still standing) would be part of the EU there would be no change which in the land of fantasy may have been the case.

    However in the land of reality we are dealing with Britain losing her leading position in the finance sector in the EU trading between other parts of the world and the EU

    You were accepting that jobs would be lost to Europe but still believed that there would be minimal financial cost to London. I had no idea what you were talking about. I did not have a clue how you imagined this.

    As it happens what is looking most likely is what May has already threatened which is mentioned at the end of that article

    Basically by following a hard brexit this looks like the only option there will be left for England. It would appear that the city has been trying to 'keep calm and carry on' but given how the government is going for a hard Brexit it looks like that is likely the only possibility left. That seems to be how things have progressed with the formal announcement that the EBA will likely be removed before talks resume. That is it looks like this is already a done deal.



    It is unavailable for me to read without paying.
     
    Last edited: Apr 27, 2017
  12. Baff

    Baff Well-Known Member

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    ,I don't think anyone but the remainers paid any attention to the leave campaign.

    The vote was an anti politics vote. No one cared what politicians thought because it was a referendum and a politicians opinion counts for no more than mine. He just gets one vote. Same as me.

    Politicians took us into the EU, we took ourselves back out.

    England isn't represented by it's elected MP's on the subject of the EU. Only it's MEP's.
    England's MP's campaigned and voted to remain. The Tory's represented Scotland but not England in this.

    Tough ****. It's not their call.

    No one much cares here about the profits of bankers.
    Just saying, if you are siding with international bankers vs the rest of us, you aren't going to be winning any elections.

    In the end I don't trust the people you are quoting. Never heard of them.
    They don't sound like people who would have my best interests at heart. So I will assume that they do not.

    Good bye EU. Good bye... the eternal empty promise of banking laws in the EU that will allow our banks to operate there in fair competition with their uncompetitive eurobanks. It's been 30 years now. 30 years of empty promises. 30 years of a deal that shows no sign of ever being completed. Of a hoped for reciprocation that though promised, is never given.
    Good bye *******s. You had your chance. We spotted you for liars and cheats, but we gave you the benefit of the doubt anyway and you proved us all correct.

    That carrot has been waved at us for decade. But never actually given.
    So F off with that. You are about as believable in this as the Iraqi Information Minister.

    I do not wish to trade with the EU. Let's just not bother. They don't deliver. We do and they don't. So F off EU. We'll trade direct with our customers from now on. The EU is irrelevant to all that we do.

    No further reason to have diplomatic relations with that institution. No need to discuss agree or make any deals with that bunch of useless tosspots whatsoever. Who do they speak for? Who do they represent? No one.

    We deal direct. If those we deal with wish to negotiate with the EU. That is their business. We have no reason to.
     
    Last edited: Apr 27, 2017
  13. alexa

    alexa Well-Known Member Past Donor

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    Hence you do not care for your country. To vote for fundamental change in your country when you do not even know how that will change your country clearly shows you have no care for the well being of your country and its people.
    No the vote was on whether we stayed in the EU. That was what the vote was originally on. The Brexiteers who you claim are people who did not give a toss about what happened to Britain later managed to get this to also mean getting out of everything from the EEC though this was not originally what it was about.

    No you are wrong there. Your opinion counts as far as you are concerned - though you try to make it count for everyone who voted leave while I am sure there were some who bothered about the issues. I am sure not all leave people voted just to **** the political elite.

    Politicians however can be held to account. You however have no interest in holding them to account just in basically throwing a childish tantrum. I do not like you politicians so I will vote to bring my country out of the EU even if it destroys my country. Hating politicians to me is much more important than what happens to my country. I am not even interested in what happens to my country. I just want to mess things up as I can - that is your view. You have no right to suggest it is the view of everyone who voted leave.



    So?????

    might have something to do with them having a little more knowledge on the subject than you.

    No the Tories did not represent Scotland. The Scottish Government did led my the SNP who worked to keep Scotland in the single market and for Scotland to get control of all issues which the EU currently has when they are returned to the UK. The Tories under May refused to even speak on this. Due to this the Scottish Parliament has voted to have another Referendum on Independence after the Brexit resolutions have been passed but before the break from the EU.

    Seriously you got that extremely wrong
    again you got this seriously wrong. The Tories were involved in a cat fight. That is why this even came up. You joined in their cat fight and said '**** you! we are out regardless of what it does to our country'.

    Again you are making the same mistake as you made when you believed the only people from the UK who worked in the EU were people working in the EU Parliament. Here you believe it is only top bankers who will be hurt. What one thinks of the banking system is not the issue here. What is priority is what will happen to the economics of England.

    As I said before when Thatcher decided to indulge in using north sea oil to fund long term unemployment rather than investing in renewing our manufacturing and industries, she decided that what would keep Britain going was service industries, most importantly financial service industries. This choice resulted in the UK moving from being the poor man of Europe to one of the richest in the world. While my politics would have invested differently, losing that will cause severe financial implications for England.

    You need to make quotes to say who you are replying to. However as you did not even bother to listen to what those on the Leave Campaign were saying, it does not surprise me that you have never heard of anyone.

    as I have no idea what you are talking about nothing to say...but as your only interest is to tell politicians to '**** off' maybe they have exactly the same interests as you as far as those leading the Brexit Campaign are concerned.

    Enough of this nonsense I have a day to live.
     
    Last edited: Apr 27, 2017
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  14. The Rhetoric of Life

    The Rhetoric of Life Banned

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    UKIP and Nigel Farage is just a freak outsider party, it was David Cameron and the Conservative party that gave us Brexit, Nigel Farage just went along for the ride.
     
    Last edited: Apr 27, 2017
  15. cerberus

    cerberus Well-Known Member Past Donor

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    :roflol: Only because Farage embarrassed him into it. It was the last thing the smarmy Cameron wanted!!
     
  16. The Rhetoric of Life

    The Rhetoric of Life Banned

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    That offshore tax avoidance hating dead pig ****ing bestiality necrophiliac internet porn banning fool, I'm glad he isn't the PM anymore. But I still think that pig ****er shot himself in the foot, nobody else shot him, UKIP wish they were as big as the Conservatives.
     
    Last edited: Apr 27, 2017
  17. Baff

    Baff Well-Known Member

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    @alexa
    I didn't need the leave campaign to explain it to me. Sorry.
    This is a 30 year old issue. I have had a lifetime to study it. It wasn't my intention to vote for someone else's beliefs or reasons. Only my own.
    They simply have no say in my voting decision. Their best interests are best served by their own votes. Not my business just as I am not theirs.


    Yes, this is an important change for my country. I cared enough to vote for it.
    My vote was counted and it had equal importance to yours or theirs or anyone else's.

    I have my own mind. Each of us does. And in a referendum no matter who you are, nothing you say or think has any more importance than anything I say or think. So have your fun campaigning if that's your jolly. I just cast my vote. Had better things to do than listen to the petty squabbles of politicians.

    The Tory's campaigned to stay in the EU. Which is what you wanted. They represented your political will, but not mine.
    If Scotland wants to stay in the EU but England does not, then they represented Scotland not England.

    You may think the Tory's representing for Scotland instead of the people they were elected to represent for, means they are smarter than me and better for this country. I think it makes them traitors to democracy. Unemployable.
    I think it brings parliament into disrepute.
    That you sided with them against me, pretty much makes you one of them from my angle. You chose the Tory's over the people of this country. That is you.
    You chose political repression over freedom and independence and democratic representation. In short, you chose fascism over liberalism and now we are all going to rightly ignore you unless you take up arms and then, if and when you do, we are going to kill you.

    You are actively trying to destroy my country. I don't look to you for insights into what is best for it. I don't bow before your superior knowledge. You are not my superior. Nor is any politician nor leave campaigner.
    No "expert" you find (or pay) to agree with you.




    Oil made us richer. That money is now spent. Giving so much of it to the EU didn't make me richer. But it did them.

    You wanted it spent on manufacturing infrastructure? Well the manufacturing infrastructure they spent it on was a palace.
    Great.
    What will they manufacture there? Oh yes. Rules for us and very nice meals for them.

    No one is looking to them to manage our investments. No one.
    Not looking to them, not looking to Thatcher or the Tories or the SNP.
    No one is looking for any of them to manage our investments, except they themselves, who intend to take a skim.

    Politicians have the exact opposite motivation to me in the EU. They want to be in it. I do not.
    I don't listen to them because they lie and they won't take no for an answer.
    Which disbars them from being taken seriously by me . I go deaf during election campaigns. It bores me.
    "A liar says what?" Who cares.


    Sir Nige.
    No single person has done more to get us out of the EU in this country than him.
    Not me, not you, nor anyone else. Seriously, the guy nearly died in that plane crash.
    .
    Thanks Sir Nigel. I honour you for your efforts and all your good humour.
     
    Last edited: Apr 27, 2017
  18. Montegriffo

    Montegriffo Well-Known Member

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    First he would need to in an election. As he has tried 7 times to become an MP and failed every time it has repeatedly been proved that he can't win an election.
    UKIP have not one single MP and can't keep hold of a leader for more than a few weeks. Add to that the fact that NF is not even standing in the next election and the plain fact is he will never become PM.
     
  19. Latherty

    Latherty Well-Known Member

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    Well it wouldn't be the first time journalists applied imprecise financial / regulatory terminology. Please trust me when I tell you I am not the type to belittle others, unless they're idiots, and I don't think you're an idiot.


    Well actually no, I do have some personal insight into this aspect and do not rely in any way upon any political campaign for information. You will note that the Reuters article is merely rehashing the statements of EU officials.

    I think you can have limited access to the FT site, sufficient to view the article, by registering with the site. I would reproduce the text but I'm a little reluctant now if its just paid viewing. Basically the thrust of the article was that Euro derivative clearing would not be affected. Essentially, multiple EU and non EU currencies are traded through London with the derivatives cleared there as well. Additionally Euro is a global reserve currency and so to exclude London would be an awful "own goal".
    Interesting take, but incorrect.

    Actually it was the issue of the adoption of the Euro when I first began considering the London city-state. My idea at the time was that London had to retain its own currency but I could see the advantage for the rest of the country adopting the Euro.

    An Independent London would be so that it could be wholly impartial and totally flexible, a free trade zone with the world. That means equal access rights for workers of all colours, and the ability to make FTAs without catering to EU special interests. So my vision for an Independent London would have to leave the EU as well.

    Brexit is just my Independent London concept writ large. It seems we have to take the rest of the UK with us, but I would rather see London being a city-state. I would have seen NO banks residing in an Independent London, only trading there through licensed rep offices. That way we remove any incentive for London regulators to pander to the needs of UK banks. But that's not what is on offer now.

    I would like New York to be the same, so there would be three financial centre city-states: Singapore, London and NY, fully covering the 24 hour cycle.

    So when you tell me you want Scottish Independence, I am totally OK with that. The smaller the Brexit vehicle the better, I say. Just be careful of what you wish for...

    Very unlikely.

    London is just a conduit for international capital. It can be a better conduit as an independent. Look at the crap NY has to put up with to satisfy bible bashers in the mid west, look at what HK now has to do to meet China's goals, and compare that to Singapore. The heavier the tonnage, the harder the corners.
     
  20. alexa

    alexa Well-Known Member Past Donor

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    and given that there are 27 of them and only one of us, might you not think that is important. I think they gave basically the position. If we go for a hard Brexit, we are pretty much throwing the UK as the financial hub of Europe out the window. Otherwise how to do you explain how quick May was to threaten Britain as an off shore tax haven or whatever that is.

    I am not going to register. If something is more than one person's opinion it would be expected that one could see it other places. I think the issue with FT is that you can only look at so many article per month and presumably I have used up mine.
    OK i am not an economist so for others

    cont'd if anyone is interested

    https://www.simple.com/blog/what-are-derivatives-really

    Remember you are not dealing with an economist and I will use just the basics so you will need to explain things very simply and clearly.

    What I am talking about is the UK losing its place as the Financial Capital of Europe.

    this
    Honestly I do not now what you are talking about. However mentioning the Euro

    http://www.cityam.com/258820/influential-german-central-banker-says-uk-lose-gateway
    Your vision of an independent London would cause civil war. Are you unaware that the entire rest of the UK is fed up with London already. Bizarre. London is the Capital of England. Where London goes England goes. If not London gives back to the rest of England all the riches it has that belong to the English people - if they agree on that of course. The first time I heard about anyone suggest London might go for Independence was when they were talking about how why the NE would not accept Regional Government - they were scared London would declare Independence and run off with all the money. That decision, that fear stopped John Smith's and Charter 88's vision of bringing democracy to the UK through Federalism. London has as I said had money put into it while everyone else has been left in pretend 'managed decline' and now you think of running off with England's capital.
    Capital's of country's do not run off with the countries assets.

    Well look. You said you are an immigrant. Now you are after London and her riches. All I hear is good reason why the rest of England should really revolt against London.

    London is the capital of England...not yours to pinch.
    Well something I was reading earlier suggested that what may happen is that not just London but Europe is left out after Brexit and possibly Singapore and New York take over.
    How nice of you. Scotland however is a country. It is not the Capital of England. Indeed in her Union with England she has not come of very well. My interest in Independence is concerning democracy - what your kind of idea took from the UK and of course that the political ideology of England and Westminster is not something I have agreed with since Monetarism or Thatcherism - what provided London with what you want to steal. Scotland is a country. Our elite chose Union when they were desperate. Scotland got involved in the Imperialism when the UK went about being Great Britain. Then it was looking more for Independence around the turn of last century. The second world war and the Welfare State brought us together but that is now over. Time for Scotland to leave the Union and again take up her close relationship with Europe - very different from the people who are currently living in London, the capital of England, thinking they can steal it from the people of England. What you want is a bit like many of the incomers to Orkney want - claim its independence to make money for themselves when they have no background there and so no rights under common law. The old hate the Scots that is true but that is because they thought it was us who came in and made them slaves. They did not realise the same was done to us. The young from there are quite different but of course the people from England moving up there thinking they can declare Independence and get the oil are just like the people currently living in London wanting to walk off with the Capital of England. You have no background there if you are an immigrant as you said. Absolutely no right to think you can walk off with London. I spent 18 years there. Guess London belongs to me. Jeez.

    Something it likely is going to cease to be.
     
  21. Latherty

    Latherty Well-Known Member

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    There will be transfer of business to the continent but whether a new financial hub will be created is somewhat debateable. By being independent and external, London will actually have an advantage in this regard.
    It will be interesting to see how it will be structured. The ECB will be looking to get control of banking regulation in the UK, but it would only be able to do that by trading UK banking of Euros. You can see this plainly in the statement by the Bundesbank guy: subject to ECJ control traded for Euro clearing. There is absolutely no technical reason to submit to ECJ in order to clear Euro derivatives. We clear yen, for instance.

    Precisely. In fact, that was how I envisioned the creation of the City state.

    I would imagine that an independent London would still have to pay some sort of tithe to the UK, at least for security. Also I'm looking at an "asset lite" London for trading. The assets that would be traded would remain owned by non-Londoners. I really don't see it as taking any riches or gold out of the UK, except maybe real estate.

    Anyway, hypotheticals. Just explaining the background of my own position.

    Nah, Singapore is a dictatorship and NY is subject to America's whacky politics. Meanwhile HK is in Chinese hands and so unreliable.
     
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  22. Baff

    Baff Well-Known Member

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    It's almost as if the UK wasn't the financial hub of Europe before we joined the EU.
    Oh wait a minute, we were.

    Singapore doesn't have the UK govt to bail it out. It doesn't have the many hundreds of years of continuity that the UK has. It can't protect itself militarily. It changes hands a lot in wars and each time it does, your savings their will get looted.

    Might not seem very likely today, but if I was saving for my retirement.... my money could be invested for up to 50 years.
    Time enough for world wars.

    NY is our biggest competition. EU banks aren't anything like as much to worry about.
    Followed by HK. Then Singapore. Frankfurt? Not really on the radar.
    Imagine the stability of money kept in Germany. How many times have they changed their currency in living memory? 7? 8?
    So many I forget.

    The EU are jealous of London just as the New Yorkers are and everyone else. They won't make regulations to advantage it over their own banks. They just won't do it. The business is too lucrative and too competitive.
    Don't want them regulating London's finance sector to our disadvantage and their advantage, thank you, but no thank you.
    They get no vote at all, let alone the majority vote. That would be self defeating in the utmost.
     
    Last edited: Apr 27, 2017
  23. Baff

    Baff Well-Known Member

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    @ Alexa, unfortunately there is nothing democratic about Scotland leaving the Union.
    The Scots voted not to.
    It's now been unquestionably revealed to have been anti democratic. Against the will of the people.

    And so you will see SNP people fighting on. Because democracy isn't what motivated them at all. It was just an excuse they made.
    Their aim is to have a minority rule over Scotland. To politically force things on the Scots against their wishes.

    If their aim was democratic independence for those who want it, then I would support them. But it isn't. They want "Scotland" to create a nation of socialists with and force it on their British liberal neighbours against their democratically announced wills . Fascism. Nothing more, nothing less.
    You talk about slavery, but it is also you that seeks to enslave the Scottish people to your will. The only difference is that you wish to enslave more of them than your rivals for power do.
     
  24. alexa

    alexa Well-Known Member Past Donor

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    well what I am reading is that something will remain in London but that most will either be transferred to somewhere else in the EU or be taken over by New York or Singapore. It isn't so much debatable as waiting for Brexit negotiations but London will almost certainly be reduced as a financial hub. If the EU is not interested in passporting then lots of business which uses London because of the EU will be lost. The Tory government and you Brexeteers demand for a hard Brexit basically make it much harder for London to continue as it is.

    I think your interest is as London not part of England. 3.1million of the people presently living in London having been born outside the UK which is actually quite a norm historically. Just because Thatcher was crazy enough to decide to invest most in London and to create financial services, you imagine you can just run off with it. Obviously with you it is impossible to talk about England or the UK as you are not interested in the UK or in England. Your only interest is in some fantasy of London this city state you wish to steal. I am not prepared to waste more time on your fantasy.


    You envisage the creation of a city state by threatening to Walk off with England's Capital and them getting pissed off because of this. You are hoping for the English people to revolt against you? What then.... you want to call poor me...ask the UN for help because England is somehow pissed off at you trying to steal her capital? Around one third of the people living in London were not born in London. There is not a hope in hell that London could become a city state. It is your fantasy. Besides of which obviously revolt against London would be against Westminster, not you.

    You aint going to get an Independent London. You are just being insane.

    Your situation is that of a thief who is wanting to cause civil turmoil for your own bank balance.

    Makes no difference that is what is being suggested. You have a loony dream that for some reason London belongs to you. It does not. London has a fluid population. It belongs to the English. It is their capital. Find somewhere else.

    I am done with this craziness.
     
    Last edited: Apr 27, 2017
  25. Baff

    Baff Well-Known Member

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    London belongs to those individuals that own it. Not the country, not to England. No to the world or the EU.
    It is owned by it's owners. Millions of them.


    The EU countries want passporting for themselves.
    The Germans want it, the French want it. And so on.

    There is competition for it. If we stay in the EU, they will simply vote it for themselves.
    Outside the EU, they must compete for it. We can't outvote 27 other rival countries, but we can out bid them and we have.

    When we leave, the EU can also start using their own language. But they won't do that either.
    English is the language of money. Some things are too big to change.

    Our banking sector will no more all move to the EU than the automotive industry in Germany will all move to the UK.
    Scare stories.. yawn.

    You will see capital flight and indeed you have been seeing capital flight. From the EU to here. That is the direction of travel. Get used to it, there is more to come. PIGS are as FUBAR as ever.
     
    Last edited: Apr 27, 2017

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