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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To want to know the plan for the economy now?

10 replies

Pluckedpencil · 10/01/2021 09:02

So we lost what can only be described as a shit load of trading on 1st January after Brexit, and the sharks from Frankfurt and Amsterdam have been circling and schmoozing banks since 2016. I'm reading that there is legislation to allow Swiss trading and that can only point towards the fact that the UK have chosen, or are being forced, to not go for EU equivalence. Given 3/4 of the UK economy is services, aibu to want to know what the hell the plan is? Like a policy for example.
www.google.com/amp/s/qz.com/1954093/how-brexit-killed-londons-eu-stock-trading/amp/

OP posts:
peak2021 · 10/01/2021 10:19

YANBU for wanting to know the plan is, YABU for assuming there is one.

WilsonMilson · 10/01/2021 10:29

There’s a plan? That’d news to me.

I assumed there was a bumbling and shambolic pile of waffle about the economy, but no discernible plan at all. I despair.

WilsonMilson · 10/01/2021 10:29

That’d be!

sst1234 · 10/01/2021 10:32

You are not wrong OP. Covid is minor inconvenience compared to this.

SomeoneInTheLaaaaaounge · 10/01/2021 10:32

Quote from last week’s economist

“.....Nowhere is the deal thinner than in financial services, the source of Britain’s greatest comparative advantage. Early hopes of keeping “passporting” rights that allow British-based financiers full access to eu customers evaporated with the decision to quit the single market. The Bank of England also insisted on keeping regulatory autonomy over financial services. The eu has granted equivalence for British regulatory standards only temporarily and in specific areas, such as derivatives clearing, that it sees as crucial to its own financial stability. Rishi Sunak, the chancellor, promises to negotiate a broader deal, but the eu is clear that equivalence is a unilateral decision that can be revoked at 30 days’ notice. Many eu countries hope to pinch financial business from London; there is no reason to expect them to be seized by a sudden fit of generosity to a rival.....”

Basically we have agreed fuck all and there are dozens of negotiating committees being set up.

We turn up, bend over and get roggered, but at least we have the blue passport to look at.

PicsInRed · 10/01/2021 10:32

A giant 1st world, English speaking, time zone convenient, geographically close, tax haven I should imagine.

What else?

Brighterthansunflowers · 10/01/2021 10:52

YABU for thinking these muppets have anything even resembling a plan

Pluckedpencil · 10/01/2021 13:40

The idea of becoming an enormous tax haven is shameful. The UK former colonies are already the biggest culprit in enabling corporate tax avoidance. It's hardly a plan, is it? I'm also worried we'll become a data haven, as I think they also see this as an "opportunity"...

OP posts:
KonTikki · 10/01/2021 14:01

The sad thing is that all the crap that is going to follow on from Brexit will be blamed on Covid.
But at least we got our Sovrenty back .....
Oh, apparently we didn't get that either,
Sigh !

Orf1abc · 10/01/2021 14:09

Eat Out to Help Out Pt 2 - kill off more old people to reduce the social care bill.

Sunak has gone very quiet.

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