[Merged]Brexit stuff

[Old Greg]

Fantastic! Does it give Canadian financial institutions passporting rights as well?

Bump. Any update, anyone?

[jamesbrown]

A Government Concession on Brexit Has Sent the Pound Surging (well about 1%)

May's Lawyer Admits Parliament May Vote on Brexit Deal; Pound Surges

Ratify this:

Ratify, we're out (on agreed terms).
Don't ratify: we're out (on WTO terms at the end of the negotiation period or through ratification via a GE).

The movements in the pound today are minor in the scheme of things and are more related to the inflation beat than this (non) event.

[Paddy]

A Government Concession on Brexit Has Sent the Pound Surging (well about 1%)

May's Lawyer Admits Parliament May Vote on Brexit Deal; Pound Surges

A lawyer for Theresa May’s government said parliament will “very likely” have to ratify an eventual agreement between the U.K. and the European Union when the country leaves the bloc.

The comments are significant because the majority of MPs are opposed to leaving the EU, and are upset at indications that the government will not even try to keep the U.K. in the EU’s Single Market as it tries to negotiate the ‘Brexit’ settlement.

The U.K. sends over 40% of its exports to the EU, and the financial services sector, which accounts for over 10% of gross domestic product, is particularly dependent on unconstrained access to the Single Market. The pound has plunged in the last two weeks on fears that this access would be lost. If parliament were to reject the government’s draft settlement (and public opinion were to swing back behind Remaining), it is possible that the U.K. may stay in the EU after all.

[TestMangler]

Chocolate pound more valuable than sterling.

[d000hg]

And not getting the result delivered

You don't think we'll leave?

[vetran]

As you like. I'll only wear my hat.

there you go!

or maybe

[scooterscot]

You should, maybe your brain will work better warmed up?

As you like. I'll only wear my hat.

[scooterscot]

After Brexit goes through the Social Benefits office can send them down to Boston to work on the fruit farms.

Wouldn't that be a form of cannibalism?

[vetran]

Well I'll take me hat off (should I wear one)

You should, maybe your brain will work better warmed up?

[scooterscot]

Like voting to leave the EU?

And not getting the result delivered