Ah,of course, sounded familiar, but couldn't quite place it, thanks.
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London post-brexit as a financial center
- Thread starter TraDaToR
- Start date
Free from what exactly? Then tight grasp of receiving subsidies and extra deals no other EU country received? Free from a financial hub where the EU allowed all euro denominated derivatives clearing in London? Car manufacturing by foreign entities in the UK knowing they could easily move the cars and parts from and to Europe? All that will go away without a trade deal that also benefits Europe. Your assertion that "everything will be OK" if the UK just went through with this is as wishful thinking as the wishful thinking that American miners and car workers will just be fine once the manufacturing base is brought back to the US. Nothing in history even remotely indicates that this is the case.
Free from being dictated to by a regime that they didn't elect or vote for. UK belongs to UK, NOT EU!!
Ah,of course, sounded familiar, but couldn't quite place it, thanks.
The guy must have had over 10 handles already. He can t say too long away from from ET...
Total bollocks. The UK and each individual market in the UK has always set its own prices market force driven prices. Nobody in Europe dictated wage levels. UK's income taxes and corporate taxes have always been freely set by the UK government. Nobody in Europe interfered. You should know your facts before you make such assertions. And nobody is afraid of anything surrounding Bexit anymore. It should have become perfectly clear that Europe in its negotiations demands whatever is best for itself. If UK walks aways without a deal then that is fine for Europe too. You make it sound as if Europe has not already moved on. We are tired of the drama queen and bully across the channel and already moved on long time ago. It's just the Brits who are screaming and moaning and kicking. Nobody in Europe cares anymore. In fact a no deal will most likely benefit European cities much more than a deal in that many Japanese and other companies will for sure relocate their bases to Europe. Frankfurt, Paris Berlin and others can't wait for that to happen.
Once UK is out of EU, it would be able to set its own wages, own tax rates, own everything and by that time, we will see how competitive UK's workforce can be comparing to that of the EU's. This is what EU is afraid of and that's why EU is trying to force this draft agreement down UK's throat to make UK to still obey EU's anti-competitive regulations on wages and tax rates and etc..
All the businesses around the world is interested in one thing and one thing only: bottom line profit!! They won't care if it's UK or the EU as long as one can do better and more efficiently than the other, they will go to that one. UK right now just needs a better negotiator than this lame Theresa May.
Last time i checked, Germany is in a recession, Italy appears to have been in a living standards recession since 2000, and now France is about to go into recession. The unemployment rate of the EU bar Germany is laughable.
Despite Brexit uncertainty, the UK has record employment levels and a GDP growth rate in the last 8 months better than any country in the EU.
The only countries that are still left standing in the EU are the Netherlands and the Scandinavian countries and all of them are or were and probably still are considering leaving. LOL
Lol, it will hardly make a dent in the overall budget. The headline figures may look large but when broken down over each tax payer it will be a negligible amount. Way worth it given the drama queen finally left the stage and we can move on and focus on our own affairs.
It's financed by the UK. To the tune of £10 billion a year net contribution. After we leave, you can pay for it yourself. Let's see how that works out.
Total bollocks. The UK and each individual market in the UK has always set its own prices market force driven prices. Nobody in Europe dictated wage levels. UK's income taxes and corporate taxes have always been freely set by the UK government. Nobody in Europe interfered. You should know your facts before you make such assertions. And nobody is afraid of anything surrounding Bexit anymore. It should have become perfectly clear that Europe in its negotiations demands whatever is best for itself. If UK walks aways without a deal then that is fine for Europe too. You make it sound as if Europe has not already moved on. We are tired of the drama queen and bully across the channel and already moved on long time ago. It's just the Brits who are screaming and moaning and kicking. Nobody in Europe cares anymore. In fact a no deal will most likely benefit European cities much more than a deal in that many Japanese and other companies will for sure relocate their bases to Europe. Frankfurt, Paris Berlin and others can't wait for that to happen.
Ok so why are you arguing? Let UK exit! LOL
You must be joking. Pretty much every trade statistic, happiness poll, tax receipts, housing price statistics, contradict your statements. Typical Europe hater polemics and fake news.
Last time i checked, Germany is in a recession, Italy appears to have been in a living standards recession since 2000, and now France is about to go into recession. The unemployment rate of the EU bar Germany is laughable.
Despite Brexit uncertainty, the UK has record employment levels and a GDP growth rate in the last 8 months better than any country in the EU.
Haha, sure, and I bet you also proclaimed Japan bankrupt for the past 25 years. I am reminded how so many of my former American PMs at my previous prop job at an American Bank bet against the Euro straight since 2007. They lost money again and again and again. But then most of them were of Jewish heritage and inherently hated Germany and Europe. Case of letting one's emotions and feelings overrule logic and common sense.
In the long run, the EU will disintegrate together with the euro so I guess it will not be a problem!
http://blogs.lse.ac.uk/europpblog/2018/01/20/the-brexit-sized-hole-in-the-future-eu-budget/
"Britain’s gross contribution to the EU’s revenue—after deducting the rebate to arrive at what the UK actually “sends to Brussels,” as opposed to what you might have seen on the side of a red bus—has been of the order of €16bn in recent years, with some €6bn coming back through EU spending in the UK, principally on farm and fisheries support, regional development and research grants. The net UK contribution of around €10bn is the Brexit-sized hole in an EU budget which pays out around €140bn per year.
Without this €10bn net contribution, either other countries would have to pay more—good luck explaining this to the Swedes, the Dutch or the Danes, let alone the Germans—or the EU would have to scale back its spending, upsetting the central, eastern and southern Europeans."
Sorry but this may upset you.
"Britain’s gross contribution to the EU’s revenue—after deducting the rebate to arrive at what the UK actually “sends to Brussels,” as opposed to what you might have seen on the side of a red bus—has been of the order of €16bn in recent years, with some €6bn coming back through EU spending in the UK, principally on farm and fisheries support, regional development and research grants. The net UK contribution of around €10bn is the Brexit-sized hole in an EU budget which pays out around €140bn per year.
Without this €10bn net contribution, either other countries would have to pay more—good luck explaining this to the Swedes, the Dutch or the Danes, let alone the Germans—or the EU would have to scale back its spending, upsetting the central, eastern and southern Europeans."
Lol, it will hardly make a dent in the overall budget. The headline figures may look large but when broken down over each tax payer it will be a negligible amount. Way worth it given the drama queen finally left the stage and we can move on and focus on our own affairs.
Sorry but this may upset you.