London post-brexit as a financial center

Visaria said:
I said EU 27...EU 27 is the EU without the UK. Please read the numbers more carefully. If u don't understand a number, pls ask. I've decided to hold myself to higher standards so i will no longer insult you.
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Yes, I will ask. Apparently all that engineering math just didn't prepare me for this high level stuff you're using. If all of the EU's GDP was $27.282T including the UK, and the UK's GDP was $2.67T, then the EU-UK would be $27.282-2.67=$24.612T. We'll move to a higher level of math now, 2.67/24.612=10.8% So where did "UK GDP of EU-27 GDP is 18%." come from again? Once again, the very fact that you're arguing that it's 10.1% instead of 9.7% means you've completely lost the argument, in neither case do you get to, as you like to put it, "play hardball".
 
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2.6 / 17.2 = 15%
 
On the subject of trade in goods, if you take the UK out of the EU, what's left we'll call the EU-27. Guess who the EU-27's biggest single export market is? The US? China? Nope.

It's the UK!

It therefore evidently in the interest of the EU-27 to strike a trade deal with the UK, not to play silly games regarding backstops and the like.
 
UBS wins approval for €32bn Brexit swaps transfer
Decision tests boundaries of deposit-taking element, after Barclays had part of its earlier transfer rejected

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UBS has approval to move almost 6,000 London-booked swaps master agreements to Frankfurt



UBS has won high court approval to transfer €32 billion ($36.4 billion) of assets – primarily derivatives – from London to Frankfurt. The court order ensures 2,483 of the bank’s EU27 clients retain access to services in the event of a no-deal Brexit by shifting contracts en masse and without the need for contractual changes or a cumbersome novation process that could subject legacy trades to new regulatory requirements.

Part of a wider plan to Brexit-proof contracts and move the Swiss dealer’s
 
Denying reality to not hurt your ego can increase the economical damage massively.

https://www.theguardian.com/busines...t-80bn-since-vote-bank-of-england-rate-setter

The Leave camp wanted to save 350 million a week and give it to the NHS. But to do that they have to spent 800 million a week in economical damage. Net loss is 450 million... a week.

DYSON, AIRBUS AND NOW FORD THREATEN TO QUIT UK OVER NO DEAL - SO WHO NEXT?
Ford is the latest in a line of large firms to hint it is planning to up sticks from the UK and head abroad while blaming Brexit.

Last month, billionaire Sir James Dyson announced plans to relocate the Dyson head office from the UK to Singapore -despite being one of the most vocal business supporters of Brexit.

The head of Airbus also tore into the Government's handling of Brexit, branding it a 'disgrace' and warning that the company could pull out of the UK if its ability to compete on the global stage is harmed by a no-deal departure.

Likewise the car industry has been delivering increasingly panicked warnings about the impact of a no-deal Brexit - Nissan has announced it will no longer build its X-Trail car in Sunderland, and Jaguar Land Rover will cut 4,500 jobs in the UK.

Ford could cut about 1,000 jobs, mainly at its Bridgend engine plant.

The Dutch government has recently claimed it is in talks with 250 UK firms about luring them to the Netherlands.
 
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