Oh Britain, what have you done (part XXIII)?

[markvdv]

May also twists delaying Brexit date again. EU 28, that is 28 not 27, can delay date, EU27 or UK can't.

 

[Still]

Why has this letter been signed by Brian May?

In addition to Swampy's points B.M. has a royal warrant as provider of rock guitar to H.M. Brenda.

 

[TheDecameron]

The Brexit clown car has swerved the "no deal" and avoided the "bad deal". It's now refuelling on lighter fluid and ready to set off for the "bum deal". Just in time for the Christmas Panto season.

 

[markvdv]

Damian Green resigned, does that mean David Davis leaves too ? Or did he not promise that ?

 

[notaclue]

I'm presuming "inaccurate and misleading" statements is a nice way of saying his pants are on fire.

 

[Still]

Presumably there are at least two possible causes of the pants ignition.

 

[stephen bennett]

Damian Green resigned, does that mean David Davis leaves too?

Of course he will. Man of his word is Davis.

Stephen

 

[rbrown]

And if he doesn’t, no doubt he’ll resign over his “inaccurate and misleading” statement.

Rich

 

[wacko]

David Davis is 69. Like many Brexit voters he does not worry too much about his future. Quite happy to go into very comfortable retirement anytime.

 

[Konteebos]

The Brexit clown car has swerved the "no deal" and avoided the "bad deal". It's now refuelling on lighter fluid and ready to set off for the "bum deal". Just in time for the Christmas Panto season.

There aren't many parts left to fall off that clown car......

 

[eternumviti]

It's simply more of what we've seen.

The EU will stick to its rules and its processes.

The EU always sticks to its rules and processes, except until they don't suit the EU, when it just gets on and ignores them

The UK will make it up as it goes along.

The UK has always done pretty well this way. It might be called flexibility and imagination, adapting to situations as they arise. It is also the basis for Common Law, and our unwritten constitution.

Plus the UK is (overly) reliant on banking and finance in London so it has to do all it can to keep those jobs and income here. The EU has more than enough capacity to take those jobs to Frankfurt or Paris or Amsterdam or Dublin or...

I don't believe for one second that Frankfurt, Paris, Amsterdam and Dublin come anywhere close to London in terms of either depth or breadth of capacity, infrastructure or human resources.

 

[eternumviti]

If the European banks leave London they won't have pasporting rights. If the UK banks do not open an office inside EU they won't have pasporting rights. If this is correct, like I think it is, what is the problem ? Is ECB acting different from BoE ?

EU based banks and financial services companies need to passport into London far more than London institutions passport into the EU, in some sectors by a factor of five.

 

[eternumviti]

There aren't many parts left to fall off that clown car......

Oh, God, not the 'clown car' again.

 

[droodzilla]

EU based banks and financial services companies need to passport into London far more than London institutions passport into the EU, in some sectors by a factor of five.

Oh God, not "they need us more than we need them" again!

 

[wacko]

EU based banks and financial services companies need to passport into London far more than London institutions passport into the EU, in some sectors by a factor of five.

Why ? And how do you arrive at 'factor of five' ?

 

[wacko]

I don't believe for one second that Frankfurt, Paris, Amsterdam and Dublin come anywhere close to London in terms of either depth or breadth of capacity.

That has been the case since we joined the EU and is the bedrock of London's relative affluence. However if we keep throwing large parts of that lead away there eventually comes a tipping point...

 

[eternumviti]

Oh God, not "they need us more than we need them" again!

In certain instances, I'm afraid so. The City is almost certainly one of those instances.

 

[eternumviti]

Why ? And how do you arrive at 'factor of five' ?

I didn't. It was in a deep and lengthy report that I quoted on these pages many months ago. If I can find it I will, but no time at the moment.

 

[wacko]

I didn't. It was in a deep and lengthy report that I quoted on these pages many months ago. If I can find it I will, but no time at the moment.

Please don't. Last thing we need is more deep and lengthy bamboozle. Cheers and Happy Xmas.

 

[droodzilla]

In certain instances, I'm afraid so. The City is almost certainly one of those instances.

We'll have to wait and see EV. Personally, I won't be convinced until I see the "excruciating detail" of David Davis' impact assessment for the financial sector.