London post-brexit as a financial center

[schweiz]

I couldn't disagree more. At the time of Merkel's Mistake (when she opened the borders to all the world's downtrodden) it looked like leaving was the right thing to do in order to preserve the UK's own culture and society, but since then Europe has found surprising backbone to keep third-world immigrants out - contrast with the USA where leading politicians talk of abolishing ICE.

Even now there is no clear benefit to Britain from leaving. "Unshackling business" by reducing regulations etc. is a canard, the UK is already #9 in the doing business index and fellow EU member Denmark is #3. "End to free movement" seems to mean taking a similar number of immigrants, but a larger proportion from third-world countries.

From what I have seen of the EU, it seems to do a great number of useful things while spending only a minimal amount of money (1-2% of GDP) and leaving individual countries to mostly set their own domestic policies. More or less like the pre-civil-war USA, which many libertarians, free-market and small-government types claim as the ideal.

I don't agree.
A part of Europe signed yesterday "The UN migration Pact" in Marrakesh which means opening all gates for illegal immigration and making sending illegals back almost impossible. The US at least refused to sign, as well as Canada, Australia, Israel, Poland, Hungary, Czech republic, Bulgaria and Croatia.
75% of Europeans are against illegal immigration and want to close all the borders, but politicians don't listen to them. That's the new "European democracy".

 

[Visaria]

Too much uncertainty around Brexit. I personnally avoid british FCMs from now on...Just my personal views.

https://www.reuters.com/article/uk-...cial-sector-faces-slow-puncture-idUSKBN1OA1SN

Reuters is hugely biased against Brexit. Worse than the BBC. Just bear that in mind.

London's fortunate geographical position, rule of law and regulation and hundreds of years of know how means it will remain the largest financial centre on the planet.

 

[JSOP]

Too much uncertainty around Brexit. I personnally avoid british FCMs from now on...Just my personal views.

https://www.reuters.com/article/uk-...cial-sector-faces-slow-puncture-idUSKBN1OA1SN

You should be lucky if your British dealer is regulated by the FCA in UK. FCM is a NFA/CFTC term and is not really used in UK. The FCA is one of if not the best financial regulator in the world. If one of its regulated firms goes down, you are 100% guaranteed to get your money back and it is one of the most effective regulator that goes after financial crimes. Anybody would be a fool not wanting to invest with a UK broker regulated by FCA just because UK is not part of EU anymore. Which financial firm would you rather trust your money with? A firm in UK regulated by the efficient and able FCA or a firm overseen by the confusing and bureaucratic EU financial regulator?

 

[JSOP]

You probably were raised in the UK...that's in EU. They want a Brexit as EU does not accept British dictatorship. UK wants all the benefits from the EU but always wants extra favors, like paying less and receiving more. Maybe check the amount of subsidies the UK receive for their "agricultural sector". That sector included a lot of properties from the English royal family. In short EU paid millions every years for the Queen and her family.

https://www.theguardian.com/environ...-prince-among-recipients-of-eu-farm-subsidies

http://www.caledonia.org.uk/land/hencke-evans.htm

PARIS, Aug 6 2010 (IPS) - Subsidies for agriculture in the industrialised countries of the world grew again in 2009, benefiting the largest companies and land owners, such as Prince Albert of Monaco and Queen Elizabeth of Britain.

Ok so the British monarchy is not the only one who's benefitted from that and honestly for everything that she's done for Europe, she deserves every single of penny of it if not more.

 

[GRULSTMRNN]

So, who exactly is boss in Europe? The UK? I thought the UK decided to leave? Since when does a self governed, democratic region (Europe) not have sovereign decision making power over its trade agreements and relationships with outside nations? Are you just here to stir up discontent or what is your rational? Seriously asking because you make very little sense.

The UK can decide unilaterally what it wants its relationship with Europe to look like. But obviously deals rely on two parties that need to agree. What we see right now is a powerless British prime Minister who can't handle her own parliament and agrees to deals with Europe without the slightest backing and support within her own country. That is a testimony of how poorly the UK is governed right now. The EU had each and every of its 27 member nations sign on the agreed Brexit deal only to have a few chaotic British wanna be politicians make all that effort worthless.

How about in the second round that the UK get its fucking act together, agree internally first what is up for negotiations and what not. And then they can approach the EU to negotiate. What the UK has done for decades is to extract special concessions out of the EU that no other EU member Nation got. Now they want to exit. Then just fucking exit. Don't be a drama queen and just do what you say. Walk the fucking talk.

Yup, I meant exactly like that. Use military to disperse EU’s dictatorial bureaucrats and teach them who is the boss.
I was raised in Europe and had pretty demanding history teacher, so I’m not lacking on that end.

 

[GRULSTMRNN]

Cannot agree more. I am tired of the many hours of wasted talk on brexit on all major financial finance TV networks. I can't hear it anymore. Let's just move on. The UK should just do what it decided in its public referendum. I am proud European and I am extremely proud of how tough my representative politicians in Brussels negotiated for us to get an acceptable deal for Europe. Fucking proud. Central Europe now has the perhaps best welfare and health care system in the world. The envy of the world. All that is financed and backed in a solid way. Yes average taxes for the extremely rich are higher than elsewhere but the super rich understand the rational and accept it else there would none of them be left. We don't suffer a drug epidemic, we don't have to be scared to walk around outside at night (at least in most places). I love the model of a social market economy. It strikes the fairest balance. Nothing is perfect. But as US resident I believe I have a proper perspective of what does not work for most people and what does. The US is facing some grave choices and consequences. What is for sure is that the current system will not survive for that much longer, which is to enrich a tiny 1% at the expense of the masses. The commoners have figured out the lopsided deal and are revolting. In that regards Europe is light-years ahead of the UK and the US.

You probably were raised in the UK...that's in EU. They want a Brexit as EU does not accept British dictatorship. UK wants all the benefits from the EU but always wants extra favors, like paying less and receiving more. Maybe check the amount of subsidies the UK receive for their "agricultural sector". That sector included a lot of properties from the English royal family. In short EU paid millions every years for the Queen and her family.

https://www.theguardian.com/environ...-prince-among-recipients-of-eu-farm-subsidies

http://www.caledonia.org.uk/land/hencke-evans.htm

PARIS, Aug 6 2010 (IPS) - Subsidies for agriculture in the industrialised countries of the world grew again in 2009, benefiting the largest companies and land owners, such as Prince Albert of Monaco and Queen Elizabeth of Britain.

 

[GRULSTMRNN]

Oh Geez. Let me guess Poland or Hungary or Greece? One of the countries who contribute next to nothing, suck all subsidies, want to remain as white as Swiss cheese and constantly bicker and complain. Yes, burdens are shared equally in a union. Not only goodies but also the cost. Don't fucking join the EU if you only want goodies but pay no price. One of the principles of the EU is to recognize and support suffering people seeking refuge from terror and death. We can debate debate mistakes and errors made in the implementation details to grant reglfuge to percecuted people but thankfully the EU will never be like Australia in that regards, which locks up refugees in concentration camps which are situated not even it's own sovereign territory. Same shameful and inhumane treatment as the entire Guantanamo bullshit.

No, not in U.K., and my former country is a EU member. From what I hear every EU country complains about being treated unfairly, while everyone there is familiar with the concept of being ruled by Brussels and Merkel, not European democracy.
Just the requirement of taking in migrants by each EU member against each country’s own wishes was contentious enough.
While blocking out non-EU countries from doing business with EU is the same protectionism that EU is accusing America of, while America accuses China of - or maybe I’m confused because too much of that stuff is going on while all of it can be argued.
But I don’t really care - I just thought it would be fun to solve all EU problems by liquidating EU - by force.
Btw, I always wanted be a comedian, just didn’t have talent for it.

 

[GRULSTMRNN]

All those protests in France and other countries by populist imho is greatly inflated by media and certain groups with vested interests. Poll after poll in all countries show that the vast majority of Europeans want to be governed by a unified body love the Euro and are willing to pay the price in exchange for all the benefits the EU brings. Just pointing out the facts. France has had protests throughout its entire history. Calling for a radical change just because of the latest protest is like calling for the imminent collapse of Japanese government bonds. How many times have PMs been badly hurt by making such calls? I can't count.

That would be a good idea, and more and more people think that will be the only solution (protest in France of the "gilets jaunes" might be a first step).
No wonder right and extreme right are growing quickly and the left side is getting hit.

 

[GRULSTMRNN]

Hmm, they must be doing something right. Best welfare system in the world. Best health care in the world, one of the best education system in the world, peace and prosperity. Most equal opportunities among any democratic western nation. Product and food safety that is only rivaled by Japan. Light-years ahead the US or any other western nation. Perhaps not in the country you come from (you seem to have an issue to mention which country that is) but don't fear my friend, the subsidies your former country enjoys from the many millions the EU pumps into that country will bring the standards there to EU standards soon. And hey, in case you reside anywhere in the UK or Europe you are a hipocrite. You yourself greatly benefit to choose wherever in the EU you wanna work and live, thanks to a unified governing body that hacked out unified rules and laws for all countries within the EU.

Perhaps you really should give commedy a try because you are definitely not up to speed on European history and the political and social system and its advances.

The EU parliament is full of comedians without talent.

 

[GRULSTMRNN]

Yep would love to see all those happy unemployed UK auto workers without jobs because no American or European car manufacturer would base there nor would any Europeans buy those shit cars. Neither would there be any jobs on the current scale in finance in London. All European derivatives and bonds and stocks would be traded and settled in Europe. What would be left for the UK? Fishing, a bit of oil drilling and getting drunk?

Love all those EU naysayers who have been proven wrong for decades now Each time they call for the imminent collapse they are fucked deeply up the arse, and the EU reaches now heights. Good luck predicting time and again the demise of the EU. You make a horrible trader by constantly betting on the 10 standard deviation event.

No Britain leaving EU is the best decision that it's ever made and soon all European countries will do the same. That's why EU is making the Brexit so painful for UK because they want to make an example of UK to deter anyone else from leaving. But really unless EU makes some reforms it's not sustainable. UK should've listened to Margaret Thatcher and never joined EU. She was opposed to UK joining EU right from the beginning; she had such foresight. They don't make good politicians like those days no more.