30-06-2016, 12:03 AM
22
Re: 11 Countries Already Queuing For UK Trade Deal
Originally Posted by Meg
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I posted about this positive banking news in another thread..Read more: http://www.thisismoney.co.uk/money/m...#ixzz4D0Yu3S2e
Explain it to me if I'm being dense please
30-06-2016, 12:04 AM
23
Re: 11 Countries Already Queuing For UK Trade Deal
I hope they are queuing in an orderly, not pushy manner like they do in foreign countries, that just wouldn't be playing the game. There are standards to uphold when it comes to standing in line in the correct manner. Baden Powell probably had something to say about this sort of thing in relation to foreign types and the Empire in 'scouting for boys.' Most likely in the 'beastliness' section.30-06-2016, 12:13 AM
27
Re: 11 Countries Already Queuing For UK Trade Deal
I want some entertainment not just boring old politic chat so Boris for me - or at least I want him to be the boss of the blue party that is
. I think he would rise to the occasion and show his true colours ... one way or another.
30-06-2016, 12:19 AM
28
Re: 11 Countries Already Queuing For UK Trade Deal
Originally Posted by Rhian
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Why would two countries' financial systems not bound by EU laws be affected anyway? Explain it to me it I'm being dense please
We have been hearing a lot about 'bank passporting' in the last few days and how essential it is and that it could be lost when we leave the EU.
I heard on the radio banking experts saying there are loopholes to get around passporting
This article is about the loopholes..
THE simplest answer to the passport problem would be to remain in the single market.
This would allow passporting to continue unchanged and would mean the City emerged virtually unscathed.
It is something bankers are likely to lobby very hard for in the weeks and months ahead – but it would mean accepting free movement of labour, which is unlikely to be agreed.
More likely is the possibility that banks in London may use loopholes in EU rules to keep their passports.
Articles 46 and 47 of the Markets and Financial Instruments Regulation, and a reform called Mifid II, could all prove a window for banks to continue trading.
In essence, banks with a passport already may be able to keep it, even if the UK is outside the EU, provided the UK can prove it has a well-regulated environment – and the UK would almost certainly pass that test.
It is rules such as this that most banks will be clinging to, rather than uproot their UK businesses.
30-06-2016, 12:32 AM
29
Re: 11 Countries Already Queuing For UK Trade Deal
Originally Posted by Rhian
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What glorious leader are you referring to?
I'm sure you realise that my use of the word 'glorious' was entirely sarcastic.
30-06-2016, 06:34 AM
30
Re: 11 Countries Already Queuing For UK Trade Deal
HiWe can piggy back on the EU Canada trade deal, that is nearing completion.
We were part of the negotiations, so know the pros and cons.
It took six years to negotiate, these things do not happen quickly, both sides need to protect themselves.
Any deal with the USA will be along the lines of TTIP.
TTIP is infinitely worse than the EU, it is not unelected bureaucrats making the decisions, nor the Courts, it is Tribunals consisting of representatives of big business.
One of the problems that we have here in the UK is that much of our information is controlled by the media, which is very biased one way or the other.
It is sometimes useful to see how outsiders view us.
http://www.nytimes.com/2016/06/29/wo...=re-share&_r=0
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