Westminstenders: Move Your Business To The EU

[RedToothBrush]

The government is advising people to move their businesses to the EU to avoid UK taxation and red tape.

Why would you do this?

For the interests of the uk?

Or is it about power WITHIN the uk?

SabrinaThwaite

Where will the trade in Euros go? To Wall Street?

[quote Clavinova]Keir Starmer's idea to vaccinate teachers at half-term (and push other groups down the priority list) hasn't gone down well from the comments in this BBC article;

www.bbc.co.uk/news/uk-politics-55828160[/quote]
The last time I read a BBC comment section I thought Id stumbled into the daily mail, thinking about it Clav Im sure you thought the headbangers were making great points as usual

@Clavinova

SabrinaThwaite

Where will the trade in Euros go? To Wall Street?

Well, the main thing is, will it be leaving London?

As far as the UK is concerned, it doesn't really matter where trade goes. Its departure is the point.

Biden is working on improving the relationship with the EU

the fact that French and German bankers will have a good relationship with the USA
but British ones will not
is key

@DGRossetti

Meanwhile, because the confederacy of dunces that passes for a government is not doing border controls, the market is being flooded with cheap imports.

Plus whatever else sneaks in. Bearing in mind the UKs disconnection from European policing, there are plenty of easy ways fully automatic weapons could have already made their way into the UK.

We can only hope the boneheads that like to play with such things Darwin themselves before they can do any real harm.

Mind you, against a backdrop of 100,000 dead what's a few more ? Is it C-19 or AK-47 ?

If you add stories together, like this one, plus unrest growing in Northern Ireland, you get a picture. And it's not nice.

www.ft.com/content/187b2559-f6bc-4a8a-8610-d9802fd80f17

Brexit leaves UK and EU diminished in fight against international crime

@Clavinova

SabrinaThwaite

Where will the trade in Euros go? To Wall Street?

US banks will be able to bypass London and operate within the EU.

Today's decision is an important first step for US CCPs registered with the SEC to be recognised in the European Union. It will allow such US CCPs to apply for recognition by the European Securities and Markets Authority (ESMA). Once recognised by ESMA, these US CCPs will be able to provide central clearing services in the EU.

In fact, read the press release yourself

ec.europa.eu/commission/presscorner/detail/en/ip_21_205

US banks will be able to bypass London and operate within the EU.

Great news for bankers bypassed in Paris and Frankfurt - which was my point.

Ah, that'll be Item 2:

• Things which are detrimental to us in favour of others, so long as the favour is not to the EU but to any other entity;

JustAnotherPoster00

I don't see why Keir Starmer would want healthy teachers in their 20s to be given priority over bus drivers, security guards and shop workers... in their 50s and 60s.

Item 3:

• Look! A squirrel!

@Clavinova

US banks will be able to bypass London and operate within the EU.

Great news for bankers bypassed in Paris and Frankfurt - which was my point.

Seriously?

You’re happy for the UK to lose billions in financial services to the US just because you think it doesn’t benefit Paris and Frankfurt?

The EU and the US cut out the UK and you think it won’t give Paris / Frankfurt / Amsterdam a massive advantage?

Okaaaaay ...

@ListeningQuietly

The trouble with losing City / Finance jobs is the infrastructure they take with them

• cafes
• restaurants
• clothes shops
• health and beauty shops
• nurseries and aupairs
• taxis

Friends who live near Canary Wharf say its looking VERY bleak VERY long term

Yes, I completely agree with this. (But hey as long as Frankfurt doesn't benefit its ALL GOOD...)

I thought the squirrel was dead, apologies, it's still drowning

It is not enough to win, others must lose

Gore Vidal

SabrinaThwaite

What is the measurable loss to London? What trading does it involve and how many jobs are likely to go?

Great news for bankers bypassed in Paris and Frankfurt

I was being ironic.

@Clavinova

SabrinaThwaite

What is the measurable loss to London? What trading does it involve and how many jobs are likely to go?

Seriously?

Why do you think US banks will hang around in London when they have equivalence guaranteed and London doesn’t?

Friends who live near Canary Wharf say its looking VERY bleak VERY long term.

3 hours ago;

JP Morgan will launch a digital consumer bank in the UK within months, the Wall Street giant confirmed today.

JP Morgan said its new business, which is based in Canary Wharf, had already hired 400 people and is planning further expansion.

www.cityam.com/jp-morgan-to-launch-uk-digital-bank-within-months/

@Clavinova

Still cheerleading for Brexit and Johnson Clav?
You must be really struggling to find some positives now?

I have faith though, you will keep going.
I know one for you!
British fish are reportedly delighted with the collapse of the UK fishing industry.

PMK

I just looked at that JPM story
no evidence of new jobs
more likely to be reallocation of staff
BUT
if its an online bank, they could work from anywhere
so Canary Wharf is still stuffed

British fish are reportedly delighted with the collapse of the UK fishing industry.

Of course, that's what Rees-Mogg meant. They're happier because nobody’s catching them!

The dead fish rotting on quaysides are probably not all that happy.