London post-brexit as a financial center

[Visaria]

Relative to the size of the country, Mexico and Canada benefit much more from USMCA than the U.S. And yet, and this is my point all along, its not a zero sum game! As a result, the U.S. is far better off with it than without it. It doesn't matter how much more Mexico or Canada benefit from it if the U.S. benefits from it!

That's great, so no basically financial contribution to USMCA i.e no USMCA Budget. The EU has a Budget and we pay net £10 billion a year in to it.

Do we have free movement, not quite but pretty close. I was able to quite easily obtain a work visa under NAFTA for myself and several of my employees which would be much harder without it. I would have preferred it was easier but it wasn't a showstopper.

So no in other words, but not hard to obtain. So u have control over who comes in. We don't. We would like what you have, controlled immigration and work/travel visas etc.

Do we have a common national anthem? Since every EU country maintains their own national anthem that's a strawman argument. But in reality I could give fuck-all about our national anthem, it impacts me not even a little tiny bit. I actually gave blood sweat and tears for my country, so I don't have much sympathy for anyone who rails on about anthems and flags in the obstensive pursuit of patriotism and nationalism.

The EU has an anthem lol. Like you we don't care for it.

Do we have a common army? Again, a bit of a strawman given your penis size bragging earlier about the British army being the biggest in Europe. Even more of a strawman given that for nearly 70 years the U.S. has had as close to a common army in NATO as the EU has achieved with the U.K. It's worked out pretty well, I've personally been a cog in that wheel and never felt that again, it was anything but additive to the U.S.

The EU empire wants an EU Army. We don't.

These points are trying to show you the realities of being in the EU....we want to trade with the EU just like you do with your neighbours, free trade....but we, just like you, we don't want anthems or armies...i'm sure you don't want a USMCA Govt which supercedes the US Govt and Congress and makes laws for you. Guess what, we don't want that either for us.

 

[Sig]

That's great, so no basically financial contribution to USMCA i.e no USMCA Budget. The EU has a Budget and we pay net £10 billion a year in to it.



So no in other words, but not hard to obtain. So u have control over who comes in. We don't. We would like what you have, controlled immigration and work/travel visas etc.



The EU has an anthem lol. Like you we don't care for it.



The EU empire wants an EU Army. We don't.

These points are trying to show you the realities of being in the EU....we want to trade with the EU just like you do with your neighbours, free trade....but we, just like you, we don't want anthems or armies...i'm sure you don't want a USMCA Govt which supercedes the US Govt and Congress and makes laws for you. Guess what, we don't want that either for us.

Those are all fair points. Very different points than the start of the conversation, but fair points. I'd lead with those going forward, they're much more along the lines of things that rational, well meaning people can disagree on.

 

[JSOP]

Because the jobs are in the UK and most of the money stays in the UK. Japanese manufacturers can take a hit and move to EU, for UK that means the loss of thousands of jobs and tax revenue.

You seem to be confused about what exports mean. If a Japanese subsidiary in UK exports cars to a 3rd country, that counts as an UK export (not Japanese) because it's Toyota UK exporting the car.

And yes, if a Buick made in China is sold in China, that is not an US export but a local product. This is basic stuff (I thought). I think you have never done anything related to the tax system before.

When it's a wholly-owned UK subsidiary yes but the discussion was about when Japan is having cars manufactured in UK and sold to EU. But anyhow like I said, with UK having more freedom to set its own policy to become more competitive, it would be hard to assume that EU would still be more competitive. And also with GBP becoming cheaper vis-a-vis EU due to everybody dumping GBP as a result of this Brexit, EU cars would be more expensive to UK relatively speaking, so that's hardly a good thing for EU who's a net exporter on cars, among other things.

 

[JSOP]

I think people are viewing Brexit in static terms and not realising the potential damage that the UK could wreak on the EU if they continue to be nasty. We have at least half a dozen potential 'weapons' at our command.

And not only that but people are not seeing the potential positive impact that Brexit has on UK and instead is just focused on this short-term effect from Brexit and thinking UK is going to die just because it can't trade with EU anymore. Never say never!!

When UK itself signed the lease to rent Hong Kong for 99 years thinking that China is going to be finished in 99 years and Hong Kong would eventually be belonging to UK, look at China now? LOL

 

[Visaria]

Those are all fair points. Very different points than the start of the conversation, but fair points. I'd lead with those going forward, they're much more along the lines of things that rational, well meaning people can disagree on.

Well I'm glad that you are at least starting to appreciate the situation in reality rather than just seeing it through the the lens of a theoretical macro perspective.

 

[JSOP]

That's great, so no basically financial contribution to USMCA i.e no USMCA Budget. The EU has a Budget and we pay net £10 billion a year in to it.



So no in other words, but not hard to obtain. So u have control over who comes in. We don't. We would like what you have, controlled immigration and work/travel visas etc.



The EU has an anthem lol. Like you we don't care for it.



The EU empire wants an EU Army. We don't.

These points are trying to show you the realities of being in the EU....we want to trade with the EU just like you do with your neighbours, free trade....but we, just like you, we don't want anthems or armies...i'm sure you don't want a USMCA Govt which supercedes the US Govt and Congress and makes laws for you. Guess what, we don't want that either for us.

The former NAFTA is just a tri-lateral trade agreement between USA, Canada and Mexico with no contribution/taking of payments, no single-currency, no single-flag, no super-imposed political policy, foreign policy, border policy, basically what EU should be, just free-trade agreements between nations but letting each nation maintain their own autonomy.

 

[d08]

And not only that but people are not seeing the potential positive impact that Brexit has on UK and instead is just focused on this short-term effect from Brexit and thinking UK is going to die just because it can't trade with EU anymore. Never say never!!

When UK itself signed the lease to rent Hong Kong for 99 years thinking that China is going to be finished in 99 years and Hong Kong would eventually be belonging to UK, look at China now? LOL

All Japanese manufacturers have subsidiaries in the UK, none of them are directly made by Japanese corporations. All this talk over something so obvious.

UK will not die due to Brexit but expect a poorer UK, return to the norm I guess -- not long ago Brits were only dreaming of German life quality.

Comparing China to UK, how does this apply?

 

[JSOP]

Comparing China to UK, how does this apply?

Never say never. UK itself thought China would be poor forever, would be finished. Look at China now? Same thing here. Everybody now thinks UK would be finished, would be poor forever because of Brexit. Don't make the same mistake that UK made about China. Don't judge UK according to just one event. Personally I still think what UK has done is for the future. Sometimes it takes a while for people to see one's point.

 

[d08]

Never say never. UK itself thought China would be poor forever, would be finished. Look at China now? Same thing here. Everybody now thinks UK would be finished, would be poor forever because of Brexit. Don't make the same mistake that UK made about China. Don't judge UK according to just one event. Personally I still think what UK has done is for the future. Sometimes it takes a while for people to see one's point.

China is still relatively poor. Also, there has to be a way to riches, something that gives the UK an edge. UK has actually numerous benefits of being in the EU that are not obvious. For example I'm an EU citizen but my banking is through the UK. After Brexit, my account will move to somewhere else inside the EU. I am not significant but 100 000 accounts like mine will have some effect in one way or another.

 

[JSOP]

China is still relatively poor. Also, there has to be a way to riches, something that gives the UK an edge. UK has actually numerous benefits of being in the EU that are not obvious. For example I'm an EU citizen but my banking is through the UK. After Brexit, my account will move to somewhere else inside the EU. I am not significant but 100 000 accounts like mine will have some effect in one way or another.

Well your bank account doesn't have to be moved if UK is still the best place for all your banking needs. It would be a potential loss of business for UK's financial sector but also might be a reduction of your banking welfare. It's a lose-lose situation for everybody but it doesn't have to be this way if EU can just set aside its personal vendetta to negotiate reasonable and mutually beneficial agreements with UK to adjust for UK's changed membership status with EU. Right now the problem is EU is not negotiating in good faith with UK to arrive at a mutually beneficial agreement for both EU and UK but instead is choosing to take a condescending and vindictive approach to make Britain's transition to be outside of EU as punishing to Britain as possible. Well that's not going to work well for UK, EU or the world even.