Brexit means Brexit, everywhere

[AtW]

British banks will lose "passporting rights" to do business in the European Union after Brexit, the EU's chief Brexit negotiator has said.

Speaking in Brussels on Monday Michel Barnier said that "Brexit means Brexit, everywhere" and that there could be no opt-ins to parts of the single market for certain industries.

“On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier said in a major speech to a think-tank.

“The legal consequence of Brexit is that the UK financial service providers lose their EU passport. This passport allows them to offer their services to a market of 500 million consumers and 22 million businesses."

The pronouncement is bad news for the City, where over 5,400 British firms rely on passporting rights to bring in £9 billion in revenue every year to Britain. The BBA has said the loss of passporting would be “disruptive, costly and time-consuming”.

Brexit: UK banks will lose 'passporting rights' after Britain leaves EU, Brussels says | The Independent

[meridian]

Why is this news? Brexit means Brexit.

[northernladyuk]

British banks will lose "passporting rights" to do business in the European Union after Brexit, the EU's chief Brexit negotiator has said.

Speaking in Brussels on Monday Michel Barnier said that "Brexit means Brexit, everywhere" and that there could be no opt-ins to parts of the single market for certain industries.

“On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier said in a major speech to a think-tank.

“The legal consequence of Brexit is that the UK financial service providers lose their EU passport. This passport allows them to offer their services to a market of 500 million consumers and 22 million businesses."

The pronouncement is bad news for the City, where over 5,400 British firms rely on passporting rights to bring in £9 billion in revenue every year to Britain. The BBA has said the loss of passporting would be “disruptive, costly and time-consuming”.

Brexit: UK banks will lose 'passporting rights' after Britain leaves EU, Brussels says | The Independent

This doesn't sound right at all. According to John 'move your investments out of the UK' Redwood, the UK holds all the cards.

[WTFH]

This doesn't sound right at all. According to John 'move your investments out of the UK' Redwood, the UK holds all the cards.

And each one says "Good luck in the future"

[northernladyuk]

And each one says "Good luck in the future"

[woohoo]

British banks will lose "passporting rights" to do business in the European Union after Brexit, the EU's chief Brexit negotiator has said.

Speaking in Brussels on Monday Michel Barnier said that "Brexit means Brexit, everywhere" and that there could be no opt-ins to parts of the single market for certain industries.

“On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier said in a major speech to a think-tank.

“The legal consequence of Brexit is that the UK financial service providers lose their EU passport. This passport allows them to offer their services to a market of 500 million consumers and 22 million businesses."

The pronouncement is bad news for the City, where over 5,400 British firms rely on passporting rights to bring in £9 billion in revenue every year to Britain. The BBA has said the loss of passporting would be “disruptive, costly and time-consuming”.

Brexit: UK banks will lose 'passporting rights' after Britain leaves EU, Brussels says | The Independent

Quoting the Independent is even more hilarious than quoting the Guardian. Read-up on passports, alternatives etc.

[BlasterBates]

No point in trade negotiations as the UK doesn't know what it wants

...absolutely

[AtW]

Quoting the Independent is even more hilarious than quoting the Guardian. Read-up on passports, alternatives etc.

The quotes are from the EU's chief Brexit negotiator, I've highlighted them for you

Speaking in Brussels on Monday Michel Barnier said that "Brexit means Brexit, everywhere" and that there could be no opt-ins to parts of the single market for certain industries.

“On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier said in a major speech to a think-tank.

“The legal consequence of Brexit is that the UK financial service providers lose their EU passport. This passport allows them to offer their services to a market of 500 million consumers and 22 million businesses."

Perhaps you have evidence that the Independent falsely attributed those quotes to him?

Thought not.

[woohoo]

The quotes are from the EU's chief Brexit negotiator, I've highlighted them for you



Perhaps you have evidence that the Independent falsely attributed those quotes to him?

Thought not.

Dumb-dumb, the problem with quoting the Independent is that you get a biased and incomplete view. You don't get an evaluation of statements nor any context, you just get the perspective that's matches their agenda.

You dumb-dumb.

[AtW]

Dumb-dumb, the problem with quoting the Independent is that you get a biased and incomplete view. You don't get an evaluation of statements nor any context, you just get the perspective that's matches their agenda.

And what's their agenda?

What's the newspaper you'd recommend to read for unbiased view on Brexit (and other things)?