21–30 of 139 posts
http://www.wewilldrivethemtotheairport.co.uk/
Would probably be better if they didn't use a BMW light-cluster in the banner. What with it being German. Perhaps a Toyota Avensis, built in Derbyshire...?
Earlier quoted context omitted.
"become independent and part of the EU" - an oxymoron, no?
Not really. The UK decided itself to leave the EU. The UK claims that Scotland doesn't have the legal standing to make that call itself. That's a fairly clear sign of loss of sovereignty.
Perhaps England can leave the EU but other NI and Scotland stay?
Earlier quoted context omitted.
Not really. The UK decided itself to leave the EU. The UK claims that Scotland doesn't have the legal standing to make that call itself. That's a fairly clear sign of loss of sovereignty.
Greenland left the EU, although Denmark stayed. Perhaps England can leave the EU but other NI and Scotland stay?
Earlier quoted context omitted.
"become independent and part of the EU" - an oxymoron, no?
Not really. The UK decided itself to leave the EU. The UK claims that Scotland doesn't have the legal standing to make that call itself. That's a fairly clear sign of loss of sovereignty.
Scotland voted decisively to remain in the UK, and to go the way of the UK on EU membership.
This is notwithstanding the fact Scotland is financially dependent on the rest of the UK, and would not survive on its own, let alone meet the criteria for joining the EU on its own.
There's an ongoing offshoring of certain divisions anyway, something the article alludes to with the Polish IT staff. That kind of thing is Brexit independent. Michelin stars are not synonymous with having good restaurants. Something like a good steakhouse is not captured my Michelin, which is a very narrow definition of good food. There's also the requirement of variety, which London does extremely well: food from m…
Though Brexit hasn't caused this and staying in EU won't prevent it from happening (probably cheaper housing would help the most). However it may accelerate some of this trends.
Why is English so important? You are going to speak it in the workplace, for sure, but why do you need that the people in the street are fluent in English? The couple of sentences that you'll exchange in the restaurant will come through even if people are not fluent.
It's not in some places. You can easily get by in Stockholm, and to some extent Berlin, with just English. Then learn the local language gradually if you stay there. In fact it can be difficult to speak the native language as people will talk to you in English as soon as they realize you're not native. I've actually had a harder time conversing with people in some parts of Scotland by phone, due to our different acce…
There's an ongoing offshoring of certain divisions anyway, something the article alludes to with the Polish IT staff. That kind of thing is Brexit independent. Michelin stars are not synonymous with having good restaurants. Something like a good steakhouse is not captured my Michelin, which is a very narrow definition of good food. There's also the requirement of variety, which London does extremely well: food from m…
Maybe not all, but a lot.
Over the last few decades London has captured a lot of business that has to be conducted within the EU for regulatory and legal reasons. One example is clearing trades; London clearing houses have captured about 80% of clearing activity from exchanges all across Europe. there are many others. Another is the LSE/Berlin stock exchange merger which was going to see the German exchange hosted and operating from London. That deal will not now happen. Unless London keeps it's financial services 'passporting' arrangements, much business conducted in London will have to be conducted within the EU.
London will not keep it's passporting rights though. The EU is built on four fundamental principles. The free exchange on good, services, capital and workers. These are inextricably linked. Since canceling the free movement of workers was the defining issue of the referendum, we will lose all four. Thus the referendum result in incompatible with membership of the European Economic Area or any similar agreement. Think about it this way. Is it fair for London to have the right to conduct business on behalf of EU businesses in London, but EU workers not to have a right to work in those London businesses? If London businesses can trade in the EU under EU rules, then EU companies should be able to set up business in London under EU rules but won't be able to because London won't be part of the EU. That's how the EU thinks about these things. They would see such an arrangement as a fundamental betrayal of their own citizen's rights.
Finally, according to EU law no member country can negotiate trade agreements with the EU, or other EU countries, or countries outside the EU. That means by law, we cannot even start to negotiate any deals with anyone until _after_ we officially exit the EU, which will probably 2 years after invoking Article 50. These deals can take many years, it took Canada 7 years to negotiate the latest deal and that's still waiting on ratification by all member governments which is likely to take another couple of years. Our economy will be operating under bare minimum WTO rules with no special provisions with anyone anywhere for _years_.
Our best option may be to exit the EU, then immediately apply for European Economic Area membership under default terms. Since we're already compliant with all the regulations, we should be able to fast track that, but it would still probably take 2 years or more during which we will be cut out of large swathes of the EU financial services industry. That business will have to be conducted somewhere, but it won't be in London. It would also mean totally betraying many key issues in the referendum though.
So this all doesn't mean London will stop being a center for finance, but when we talk about a large, double digit percentage of business leaving London it's not because people want to take that business elsewhere, it's because they will be legally obliged to.
Earlier quoted context omitted.
Not really. The UK decided itself to leave the EU. The UK claims that Scotland doesn't have the legal standing to make that call itself. That's a fairly clear sign of loss of sovereignty.
No. Scotland had an independence referendum two years ago, and one of he factors in that vote was the prospect of Britain opting to leave the EU. Scotland voted decisively to remain in the UK, and to go the way of the UK on EU membership. This is notwithstanding the fact Scotland is financially dependent on the rest of the UK, and would not survive on its own, let alone meet the criteria for joining the EU on its own…
People have been trying to rewrite this bit of history, but even Cameron himself didn't expect to have to follow through on his EU referendum commitment, either losing the election totally or relying on the Lib-dems to veto it in coalition.
This however seems to be a non-sequitor, from the original point, about being a member of the EU being non- or less independent than being part of the UK. So not sure what your opening "No" refers to, or why you're re-capping your anti-independence talking points.
[1] http://www.ft.com/fastft/2016/06/30/hsbc-rules-out-leaving-l...
[2] http://www.independent.co.uk/news/business/news/hsbc-headqua...
>Badly hurt by the financial crisis, the Dutch have capped bankers’ bonuses at just 20 percent of their annual salaries — a far more drastic curb than was imposed by the European Union. Several bankers told me that unless the Dutch repealed the cap, they wouldn’t consider moving to Amsterdam. “I’d love to relocate to Amsterdam,” one top executive told me. “But I don’t think we’re wanted there.” My deepest sympathy go…
If there is market incentive to move banking to Holland, it will happen. The bankers will move where the jobs go, they don't have much say in the matter.
I'm not sure we can separate the incentive effects of the company making more money, or the bankers themselves making more money. The people at the top of these companies are bankers themselves, and they have bonuses too.