Fishing & Equivalance

It seems that the relationship between fishing and banking is
becoming clearer as each day goes by now ?
So if Boris was waiting for a an Equivalance deal before moving on
with fishing issues as l suggested he was doing previously? Then
we shall be waiting a long time from the looks of it ??
The BOE together is warning that the EU show no signs of giving
us this and in fact they have allready overtaken London in the
amount of money processed this quarter ?
So, no need to wait for what is unlikely to happen, and is becoming more unlikely as each day goes by, it's time to implement things now
and put ourselves back in charge . Some on this forum and elsewhere
are preaching patience , how much patience must we show?
5,5 yrs is far too long, we have and they have allready had 5yrs of
so called negotiations to prepare for the change
It just goes to show how much store the EU put in fishing for them to be kicking up all this fuss??
Pity some of us don't do the same ??

Donkeyman!

Re: Fishing & Equivalance

Donkeyman. Nothing more to add, you've said it all.

Re: Fishing & Equivalance

I'm pleased that you turned that into a question because that is just not true.

"London crushes Amsterdam as City's trading volumes 75 times larger than Dutch capital's"

"The numbers look big but the economic impact (at least for now) is limited. Back of the envelope estimate: €6.5billion (£5.7bn) in daily trading volumes in EU equity trading switching from London translates into maybe £50million in annual revenues, max £5million in lost tax. Probably less."

'Attaching a graph, which shows daily trading volumes in London and Amsterdam, Mr Wright noted: "Before we start getting too excited about Amsterdam overtaking London as a financial centre, here’s a summary of the daily trading volumes in derivatives and foreign exchange (with equities at the bottom for context).

"Volumes in London are roughly 75 times larger, and roughly five times as big the whole of the EU combined." '
https://www.express.co.uk/news/uk/13...ing-brexit-spt

Read the report; it explains the reality very well and just goes to show yet again that some of our media are absolutely determined to try and prove Brexit wrong at any cost, whether it is true or not.

The figures also come before the Swiss/UK agreement on trading - and the EU can't trade Swiss shares.
Before the EU stopped the UK trading Swiss shares that market was worth volumes of €1.2 billion per day.


https://www.reuters.com/article/uk-s...-idUSKBN2A30NU

Re: Fishing & Equivalance

No big deal because London will be looking to be more global anyway now we are our of the EU.

No job losses here just the EU starting to shoot itself in the foot.

Re: Fishing & Equivalance

And there we are absolutely agreed.


The EU suffered from the retaliation when they stopped the Swiss from trading EU shares and they're doing the same here, and the threat that two of the world's most renowned financial giants when combined as with the Swiss/UK deal poses to EU is considerable.