[Merged]Brexit stuff

[sirja]

This is a very balanced and well researched piece on the UK's position and options. Quite surprised to see such a balanced piece in the Torygraph.

Analysis: Great Britain can 'go global' with 'Hard Brexit' but what will be the cost?

[darmstadt]

I didn't say it had. I responded to the question about what's in it.

In an earlier post I pointed out it was being held up by Belgium.

I'm sure you are aware though that the commission has proposed the council sign it.

Actually it's not being held up by Belgium, the Council of the EU (*) has to ratify it and then it can be provisionally applied in areas where the governments of EU Member States deem the EU to have responsibility. Then the national parliaments of the EU Member States would then also need to ratify CETA for the areas which fall under their responsibility to take effect.

(* - this consists of government ministers from each EU country who meet to discuss, amend and adopt laws, and coordinate policies)

[LondonManc]

Theresa May just dropped a Brexit bombshell, and it's going to cost us billions [TWEETS] | The Canary

It's more of a price of keeping passporting here and retaining UK jobs than a bailout.

[shaunbhoy]

Is that the same as financial passporting rights?

Possibly. What does the Grauniad have to say about it?

[GB9]

Theresa May just dropped a Brexit bombshell, and it's going to cost us billions [TWEETS] | The Canary

Could you lot start posting these things when they come out and not hours / days later?

[Old Greg]

Canadian companies have the right to act in the same way as EU companies without predujice. This includes setting up companies or divisions within the EU. And EU countries have similar access to Canada.

Is that the same as financial passporting rights?

[scooterscot]

Brexit simulated in new Football Manager game

Gamers will have to manage the transfer of virtual football players in "soft" and "hard" versions of Brexit - affecting whether they are able to move freely between the UK and the EU.

[Paddy]

Brexit and the City

The issue at stake for the City of London, the heart of the UK financial services industry, is that leaving the EU would mean the loss of so-called ‘passport rights‘ which grant it privileged access to trade on the single market. The Financial Times (FT) has since reported that the May government is discussing paying billions in annual fees to the EU in order to retain those passport rights – in effect, a publicly-funded post-Brexit bank bailout.

As The FT reports, the financial case for Brexit was always weak. But now, it is in tatters:

The Office for National Statistics said the average annual net British contribution to the EU between 2010-14 was £7.1bn, once the UK rebate and the flow of money back from Brussels to projects and institutions in the UK was taken into account.

On top of any future EU payments after Brexit, the UK will also face a divorce bill from the bloc for as much as €20bn, according to a Financial Times analysis.
The plans have thrown up a deep inconsistency in the economic arguments of much of the media and political class. In short, those who advocate passionately for ‘free market capitalism’ when discussing the welfare state, the NHS, transport, and energy have turned overnight into cheerleaders for state intervention and publicly subsidised industry when it comes to banks.


The UK is just eight years down the line from the biggest taxpayer-funded bank bailout in history. According to the National Audit Office, the UK National Debt rose by £850bn as a result. This is almost twice the nation’s total annual budget. For this amount, the UK could have funded the entire NHS (£106.7bn a year) for 8 years, our whole education system for 20 years (£42bn a year), or paid the entire Jobseeker’s Allowance bill (£4.9bn a year) for 200 years.

Theresa May just dropped a Brexit bombshell, and it's going to cost us billions [TWEETS] | The Canary

[GB9]

Are you sure, I mean 100% sure about this?

It's just that the text of the agreement is not yet binding under international law and still has to be signed off by the Council of the EU and then it will be possible to provisionally apply CETA. Its full entry into force will be subject to the EU's conclusion, through a Council decision with the consent of the European Parliament, and by all Member States through the relevant national ratification procedures. In other words it actually hasn't been ratified yet...

I didn't say it had. I responded to the question about what's in it.

In an earlier post I pointed out it was being held up by Belgium.

I'm sure you are aware though that the commission has proposed the council sign it.

[darmstadt]

Canadian companies have the right to act in the same way as EU companies without predujice. This includes setting up companies or divisions within the EU. And EU countries have similar access to Canada.

Are you sure, I mean 100% sure about this?

It's just that the text of the agreement is not yet binding under international law and still has to be signed off by the Council of the EU and then it will be possible to provisionally apply CETA. Its full entry into force will be subject to the EU's conclusion, through a Council decision with the consent of the European Parliament, and by all Member States through the relevant national ratification procedures. In other words it actually hasn't been ratified yet...