Westministenders: Transition

[RedToothBrush]

Last thread opener, it was all about the government buzz word being shown to listen at every opportunity.

Now transition is creeping in as people realise that no we can't just do a settlement, arrange a new trade deal with the EU and have a whole host of other deals in place in two years.

Who'd have thought.

We will be getting Brexit because we give in to threats of terrorism. Not quite getting how that takes back control.

But Brexit will be good. It will be glorious. And in the long term we will be better off for it.

Er ok.

[lonelyplanetmum]

Patty- it's really worthwhile listening to a sample of his waffling rather than just reading them. It seems he struggles to say one sentence without inserting another sub sentence in the middle. Barnier, Verhofstadt etc all speak more fluently and coherently.

It seems to me the manufacturers you refer to are already making or have made those plans and ditto for financial services firms. Davies talks about the latter in his answers to the select committee.What struck me was that he seemed fairly indifferent to the exodus of firms.

I'll see if I can find the precise clip but the general link is here...


www.bbc.co.uk/programmes/b0070w64/episodes/player

[LotisBlue]

Thanks for the new thread red and hope you feel better soon.

We all had a nasty vomiting bug all weekend which is why I haven't posted anything.

[DividedKingdom]

.

[squoosh]

Heathrow will be deserted, summer holidays cancelled and Ryanair aircraft moved to Europe,

No doubt people will be told to do their patriotic duty by forgetting Crete and Mallorca, and pulling together to Make Blackpool Great Again.

[lonelyplanetmum]

The bit I referred to is..about 44 minutes in at 44.45 in response to Baroness Falkner www.bbc.co.uk/programmes/b08zg3f9. 

Baroness Falkner says early in the negotiation process the gov must agree a transitional period to prevent more UK financial services firms from restructuring or relocating on the basis of a 'worst-case' scenario. Davis basically replies that" We're in a negotiation..." implying  there's nothing he can do...but what struck me is he just didn't seem bothered at the progressively increasing loss of financial services. It's almost as if he concedes we are stuffed anyway...without financial services what have we got?

[annandale]

Your Highness of Placemat.

[sigh] Mummaaaay are we at the next election yet?

[lonelyplanetmum]

What David Davis then goes on to say about concerns regarding banks moving to Paris and Frankfurt is ....."good luck to them".


Presumably good luck to those who work there too?

[LurkingHusband]

What David Davis then goes on to say about concerns regarding banks moving to Paris and Frankfurt is ....."good luck to them".

Which is about the same level as BoJos' "Whistle for it" remark.

I had a letter today from Mr. Barnier asking if there are any grown ups here he can speak to.

[Peregrina]

How much of BoJo and Davis's remarks is just posturing for UK consumption? Davis's 'Row of the summer' lasted all of a morning, with the UK capitulating to the EU requirements.

BTW Blackpool, Cleethorpes etc. might well become cheaper than Spain etc. as the £ slides in value. We can't rely on the weather, the same, but global warming is beginning to fix that. Can't fix the lack of hunky Latin blokes with those charming broken English accents as easily. Have to make do with a fat bloke with a beer belly.

[LurkingHusband]

How much of BoJo and Davis's remarks is just posturing for UK consumption?

100% ?

BTW Blackpool, Cleethorpes etc. might well become cheaper than Spain etc. as the £ slides in value

No they won't. Get real. This is Britain. The only country in the world which can report companies increasing prices "to remain competitive".

[pointythings]

Well, I will be in Devon with no wifi for a fortnight in August. No mobile signal either. So I will be well behind the times when.I come back. But hey, I am being proper patriotic by not holidaying somewhere forrin, innit ?

[lonelyplanetmum]

I had a letter today from Mr. Barnier asking if there are any grown ups here he can speak to.

....and the frightening thing is the answer can only be 'non'.

Wondering now that the gov's attempts to get Labour to help with the mess have failed, they'll cast the net wider in the search for grown ups. Perhaps it will be one of those Sponsored event posts on MN.

Conservative party- sponsored post- To be in with a chance of winning a £10 strawberries and cream voucher, please share your best EU exit tip on this thread - everyone who does so will be entered into a prize draw where 50 MNers will win a voucher!

[prettybird]

We were talking about Jacob Rees-Mogg on the last thread. Have finally worked out who he reminds me of or rather, someone on Twitter did

[ElenaGreco123]

lonelyplanetmum
We could suggest May to lurk on this thread.

[lonelyplanetmum]

I imagine that some researcher probably does already?

[Artisanjam]

Thank you again Red. I'm glad those plans for turning the M20 and A12 into lorry parks are proceeding well. I guess that's DD's master plan.

[Motheroffourdragons]

Thanks Red - hope you feel better soon.

[lonelyplanetmum]

Has anyone else listened to his answers to the Select Committee?

I guess it's possible he waffles and uses 30 words when 3 would do to cover up that he just oversees stuff and leaves the detail to others?

[OnTheDarkSideOfTheSpoon]

Thanks Red, for the thread. Hope you feel better soon

John Rentoul‏Verified account
@JohnRentoul

"I'm not hearing any whistling. Just the clock ticking." Michel Barnier, EU negotiator.

[twofingerstoEverything]

Get well soon, Red, and thanks as always for the threads. So hard to keep up these days!

(Blatant placemat).

[SapphireStrange]

Thank you Red and sorry you're not well.

[HashiAsLarry]

Just popping my placemat here

Thanks red

[LurkingHusband]

More great news from the new Private Eye. Notice how when the UK is out of the EU we lose all ability to shape policy ....

also notice the fact that "No Deal" would play right into the EUs favour ... it's almost the best thing for them.

BREXIT will leave a €10-12bn hole in the EU's annual budget, prompting Brussels beancounters to work out how and whether the gap can be plugged. Germany, the highest net contributor, is unwilling to pick up any more of the tab.

One revenue-raising option the European Commission is keen to push is a tax on financial transactions (Er). A "Robin Hood Tax" is easy to sell to a European public still eager to tax financiers, but it has, until now, been a harder sell to governments.

Six years after the Commission proposed an EU-wide FTT aimed at raising €30-35bn a year — a large chunk of which would be raised in the City of London — the bill remains on the table. In 2013, after the UK and several others vetoed the plan, 11 countries agreed to activate the EU's "enhanced co-operation" clause, which allows a group of countries to proceed with a law, in a so far unsuccessful attempt to break the logjam.

However, an EU FTT now has a new argument in its favour: it would keep up a hefty post-Brexit UK contribution to EU coffers.

In 2014, the Treasury challenged the right of the EU-11 to proceed with the tax at the European Court of Justice, although this was quickly thrown out by the court, which pointed out that the FIT proposal had not been agreed. However, former chancellor George Osborne's real objection was to the "residence" and "issuance" principles in the FTT, which would make City traders liable to pay the tax every time they did business with firms in the eurozone-11.

Back in 2014, the Treasury was adamant that the ECJ decision meant the UK would be able to challenge the final FTT law "if it is not in our national interest and undermines the integrity of the single market". If Theresa May takes the UK out of the single market, that option will no longer exist — all the more reason for Brussels to be sanguine about a "hard Brexit".

[LurkingHusband]

PMQs: Predictably EU refusing to budge on citizens rights.

[OnTheDarkSideOfTheSpoon]

David Allen Green‏ @davidallengreen
Some comments about commercial law and trade law generally. and also about Davis' trade deal boasting.

By me at FT

t.co/2SZr7X1lv6