Brexit: London loses out as Europe's top share trading hub
11/02/2021 | news | business | 5,678
Amsterdam ousts London in the wake of Brexit changes, as the Bank of England warns over EU financial rules.
1
11/02/2021 10:35:12 52 53
bbc
"I'm afraid a world in which the EU dictates and determines which rules
and standards we have in the UK isn't going to work,"

It’s a bitter pill for the EU to swallow now their cash cow has left.
7
11/02/2021 10:38:11 33 38
bbc
Cash cow and vaccination nation
132
11/02/2021 11:13:43 4 9
bbc
Before leaving, we were their cash cow.

After leaving, we'll have no cash left.
142
11/02/2021 11:15:55 1 3
bbc
Cash cow???
273
11/02/2021 12:05:56 7 7
bbc
This notion that we were nothing but a cash cow to the EU is absurd and the notion that 27 nations act as one against the 28th member is the fabrication that convinced people to vote to be poorer. When we are a squalid tax haven where workers have no rights they will cry into their gruel
657
11/02/2021 13:26:33 2 1
bbc
The cash cow is now in the barn of the EU.
11/02/2021 14:07:48 2 1
bbc
Must be a bitter pill getting those 7000 British jobs
2
11/02/2021 10:35:24 29 22
bbc
Its simple…

We accept the rules dictated by the EU, which we had a say in until we decided to leave, or we leave the market. No amount of bleating is going to change that.

Don’t you just love being in control.
5
11/02/2021 10:37:01 23 25
bbc
You didn't read and understand the article

Read it and understand it
8
11/02/2021 10:38:51 8 5
bbc
Or you know, they can accept our standards are equivalent to theirs without dictating that we have to follow the exact same rules. You know, like how it works with every other trade deal in the world.
3
11/02/2021 10:35:54 22 38
bbc
"Mr Bailey said up to 7,000 finance jobs had so far been relocated from London to rival centres in the EU - well down on predictions of as many as 50,000 losses"

They'll be back.
106
11/02/2021 11:06:39 8 18
bbc
He also said ; "undoubtedly continue as one of the world's leading if not the leading financial centre".

The BBC is playing us.
11/02/2021 14:06:55 0 3
bbc
Only 7000 that’s ok then
11/02/2021 14:34:52 1 1
bbc
Think about the people who used to occupy these 7000 jobs. These jobs may be back one day in the future, but people have already been affected.
4
11/02/2021 10:36:09 66 60
bbc
‘Mr Bailey said EU demands had so far been unreasonable.’

And this is exactly why we left
6
11/02/2021 10:37:18 41 53
bbc
Well said
35
11/02/2021 10:47:59 17 10
bbc
You know as a member we could have vetoed their approach or would have had a hand in what was being said. You guys voted for this, and you "knew what you were voting for" so why the surprise now.... it's not like we hadn't told you this would happen
41
11/02/2021 10:49:45 17 10
bbc
You left to be a low tax low regulation economy in competition with the EU.

So you can't complain if they don't give you a good deal.

It's always cake and eat it with Brexiteers.
44
11/02/2021 10:51:02 12 7
bbc
It will not be a problem if our regulations or standards exceed the EU's, but given that the Tory moved the workers protections from the law section, to a political aspiration, that the UK were going to "break international law in a limited and specific way", then you can see why anyone would treat the UK with a barge pole distance

If the boot was on the other foot, then the UK would do the same
153
11/02/2021 11:22:04 6 6
bbc
Nah.

If you remember it was mainly about immigrants and foreigners.
235
11/02/2021 11:49:25 4 2
bbc
But those demands are being made because we left, so your comment is pointless
2
11/02/2021 10:35:24 29 22
bbc
Its simple…

We accept the rules dictated by the EU, which we had a say in until we decided to leave, or we leave the market. No amount of bleating is going to change that.

Don’t you just love being in control.
5
11/02/2021 10:37:01 23 25
bbc
You didn't read and understand the article

Read it and understand it
17
11/02/2021 10:41:41 9 2
bbc
He just saw what he wanted to see, and what the BBC wanted to put across.
11/02/2021 15:35:48 0 0
bbc
Like the standing orders?
4
11/02/2021 10:36:09 66 60
bbc
‘Mr Bailey said EU demands had so far been unreasonable.’

And this is exactly why we left
6
11/02/2021 10:37:18 41 53
bbc
Well said
11
11/02/2021 10:39:42 15 13
bbc
They just can't grasp the fact that they can no longer boss us around
1
11/02/2021 10:35:12 52 53
bbc
"I'm afraid a world in which the EU dictates and determines which rules
and standards we have in the UK isn't going to work,"

It’s a bitter pill for the EU to swallow now their cash cow has left.
7
11/02/2021 10:38:11 33 38
bbc
Cash cow and vaccination nation
52
11/02/2021 10:53:08 16 14
bbc
Will Brexiteers ever learn that the vaccine was a result of international cooperation, EU approval, made by a part-Swedish company and manufactured across Europe?

They somehow think it was all made by white English males in Oxford.
2
11/02/2021 10:35:24 29 22
bbc
Its simple…

We accept the rules dictated by the EU, which we had a say in until we decided to leave, or we leave the market. No amount of bleating is going to change that.

Don’t you just love being in control.
8
11/02/2021 10:38:51 8 5
bbc
Or you know, they can accept our standards are equivalent to theirs without dictating that we have to follow the exact same rules. You know, like how it works with every other trade deal in the world.
27
11/02/2021 10:45:39 1 1
bbc
Yes the can if they want....or not.
76
11/02/2021 10:58:57 5 3
bbc
You really have missed the point. The EU is much bigger than the UK, and they can set the rules on how business is conducted in THEIR countries.

Just like the UK can set the rules on how business is conducted here.

If WE do not follow their rules, we cannot trade with them.

If THEY do not follows our rules, they cannot trade with us.
9
11/02/2021 10:38:59 780 95
bbc
The UK chose its own destiny and this aspect of it was predicted.

We are no longer the financial hub of Europe.
14
11/02/2021 10:40:36 181 502
bbc
We are the financial hub of the whole world

Mwahh ha ha harrr
45
11/02/2021 10:51:29 98 22
bbc
British arrogance is thinking it can leave the club and dictate terms to it.

Brexit is proving a national embarrassment.
325
11/02/2021 12:24:57 17 16
bbc
Actually , when you take all aspects if financial services, we are massively the largest.
833
11/02/2021 13:42:31 8 5
bbc
Utter Rubbish! Over £1Trillion of forex is traded through london everyday! Shows how much you know!
11/02/2021 14:16:29 5 2
bbc
But we still are.

This is simply just trading in shares

NOT the all the other financial activities in London.
11/02/2021 14:23:40 5 3
bbc
I can't believe the naiveté of thinking the UK can choose our own destiny. We can't. We never could.
11/02/2021 14:24:01 5 3
bbc
For sharedealing, no. But the UK was never really a share dealing "superpower" - that's New York by a long shot (~50% share compared to the UKs ~5% share).

London's financial primacy comes from clearing (odds are any order completed in Amsterdam was cleared in London) and FOREX transactions which eclipse share dealing by an order of magnitude (we're talking trillions a day, not billions).
11/02/2021 14:29:33 2 8
bbc
Indeed, we'll be financial hub of the world, not little EUers. :-)
11/02/2021 14:41:52 2 2
bbc
Give it time, then we’ll see the full picture - just saying.....
11/02/2021 14:46:05 3 6
bbc
you are wrong , we will, come back and discuss this in 6 months times and listen to what the head of Barclay's Bank said https://www.cityam.com/head-of-barclays-says-forget-frankfurt-and-paris/ . The City is actually many leagues ahead of its European rivals and it will remain so
11/02/2021 14:54:23 0 2
bbc
WE are financial hub of the world just like the airports spreading covid with millions of passengers

BBC article fails to mention Netherlands is low cooperation tax country ...EU states all have different tax laws
11/02/2021 16:52:58 2 3
bbc
We are one big asylum led by the Lunatic in Chief, Bojo.

No 10 soon to get padded walls.
11/02/2021 16:50:56 0 0
bbc
But we are still the only ‘financial hub’ that is the worlds most powerful, only New York is anyway near a competitor.
11/02/2021 18:17:23 1 2
bbc
We are, just as Nissan is still manufacturing in the UK and left the EU. This is the EU's trade war, had the BBC not mentioned it who'd have known? Amsterdam is not going to replace the City, neither is Paris (whose HSBC derivatives office was prior to Xmas, set to be closed.) nor Frankfurt. You lot are going to be very disappointed if you jump on every piddling news item from the BBC.
10
11/02/2021 10:39:20 164 30
bbc
Deregulation is what helped contribute to the events of 2008. Then rather than admit the whole system is broken and needing reform, central banks worldwide, including us, have tried to keep it afloat with so-called last resort policies of QE and low interest rates (that may soon be negative) for over a decade.

Therefore, further deregulation is the last thing we need.
51
11/02/2021 10:52:35 23 96
bbc
Houses were more affordable in 2009 than they were in 2007, though
11/02/2021 15:00:29 2 5
bbc
BBC article failed to mention Netherlands is low cooperation tax country
11/02/2021 17:47:47 4 0
bbc
Deregulation can have the effect of allowing the lunatics to run the asylum.
11/02/2021 19:00:37 0 3
bbc
The EU has been using -ve rates for a few years. I wait with interest to see what Draghi achieves in Italy. Let's hope the ECB's explanation of Target 2 balances is right, rather than the German economists views of what they are. Coz if Draghi screws it up & the German economists are right (I think they are) there are going to be many unhappy Germans!
6
11/02/2021 10:37:18 41 53
bbc
Well said
11
11/02/2021 10:39:42 15 13
bbc
They just can't grasp the fact that they can no longer boss us around
55
11/02/2021 10:54:00 15 8
bbc
We helped to write the EU rules and voted for them. How is that bossing us around?????
12
11/02/2021 10:40:02 105 35
bbc
He's happy enough to accepting US regulations and being a lapdog to US markets. Double standards Mr Bailey.
18
11/02/2021 10:42:12 52 86
bbc
US Bad/EU Good just don't cut it anymore
957
11/02/2021 13:53:36 3 11
bbc
What US Regulation are you talking about..!? Exactly! Do you know 'anything about the Financial markets...or do you 'Pay your TV Licence and sit there all day being Brainswashed by the BBC!
11/02/2021 15:31:20 1 0
bbc
If you are between two big boys and already kick one of them in a very sensitive part of the body what else you can do?
11/02/2021 20:58:58 0 2
bbc
Ironically enough, the EU did too, only in the last week or so, you might want to check that, because not accepting London's is likely to turn out to be another Ursula debacle.
13
11/02/2021 10:40:34 18 14
bbc
As soon as I saw the headline, I just knew the BBC were going to open a HYS on this.

The article quotes that "up to 7,000 finance jobs had so far been relocated from London to rival centres in the EU", but is does not say that overall jobs in the financial sector in the UK have increased since 2016, when we voted leave.
23
11/02/2021 10:44:02 3 23
bbc
Business is booming.
9
11/02/2021 10:38:59 780 95
bbc
The UK chose its own destiny and this aspect of it was predicted.

We are no longer the financial hub of Europe.
14
11/02/2021 10:40:36 181 502
bbc
We are the financial hub of the whole world

Mwahh ha ha harrr
19
11/02/2021 10:42:32 54 7
bbc
No, that’s the USA.
40
11/02/2021 10:49:39 65 13
bbc
Lol we probably used to be 2nd in this list:

wall street > Hong Kong Shanghai > Holland > Frankfurt > Us

Its what you guys wanted though right?
60
11/02/2021 10:54:41 44 10
bbc
It's more financial snub than hub for the UK these days.
280
11/02/2021 12:08:02 34 6
bbc
Sad pathetic provocation, devoid of any argument or intelligence. You have lost the argument and all you can throw back at us is , really shows you for what you are.
628
11/02/2021 13:23:13 29 5
bbc
We are the financial hub of the Tory grandees.
11/02/2021 13:58:54 3 2
bbc
Delusions of grandure me thinks
11/02/2021 14:04:12 4 2
bbc
On what planet?
11/02/2021 14:04:59 3 1
bbc
Illiterate grandad boasts about financial services part 99994
11/02/2021 14:33:07 0 2
bbc
No Europe.
11/02/2021 15:24:06 3 3
bbc
Yeah.....and we still are. EU just has to accept the fact and stop clowning about.
11/02/2021 15:34:38 1 2
bbc
No you are not. Fool.
11/02/2021 15:27:32 2 0
bbc
I think you will find Tokyo and New York have quite a bit to say on that subject.
11/02/2021 16:23:33 2 1
bbc
the uk is the money laundering hub of the whole world

Mwahh ha ha harrr
11/02/2021 17:11:10 0 1
bbc
I voted to get rid of the city - this is good news
11/02/2021 18:02:19 2 0
bbc
the global centre of delusion
11/02/2021 18:18:39 1 0
bbc
Get yer hed owt yer backside. Vitamin D from the sun might help your brain function.
11/02/2021 18:19:29 2 2
bbc
We are, which is why the EU was warned to be careful what they did. Good advice given their disaster of a week or so ago, breaking the GFA and setting up a hard border in Ireland. Ursula need's to calm down, coz if the UK starts to trade blows, she's going to be in the middle of another debacle.
15
11/02/2021 10:41:01 24 20
bbc
The EU will do what is best for them, just as we are attempting to do very badly, welcome to more harsh realities of Brexit
21
11/02/2021 10:42:45 10 19
bbc
How have you personally been affected these past 42 days?
33
11/02/2021 10:47:24 5 2
bbc
The EU's financial regulatory scheme is the least robust in the financial markets, neither are they a major world player. Hence accepting their sub-standard regulatory framework would damage London's standing on the world stage. Probably the EU Commission's aim.
16
11/02/2021 10:41:33 23 27
bbc
The EU acting up again.
Reminds me on the usual Remoaners on here.
Still can’t get over their defeat and would love the UK to fail
22
11/02/2021 10:43:31 8 18
bbc
and the US
but funnily enough, not "China".
11/02/2021 15:39:35 1 1
bbc
The fact you still use “remoaner” despite the fact it’s never been amusing or accurate says a lot.

The Brexit defeat has been accepted & it’s now reality. The fact the UK has to put up with this new BS reality, as voted for by people I strongly disagree with, is what we are now moaning about.

This feeling is exemplified by the lack of tangible benefits and a sea of negative consequences.
5
11/02/2021 10:37:01 23 25
bbc
You didn't read and understand the article

Read it and understand it
17
11/02/2021 10:41:41 9 2
bbc
He just saw what he wanted to see, and what the BBC wanted to put across.
65
11/02/2021 10:55:50 0 14
bbc
Yes, the headline for this article as easily have been

"London would "undoubtedly continue as one of the world's leading if not the leading financial centre". - Andrew Bailey
12
11/02/2021 10:40:02 105 35
bbc
He's happy enough to accepting US regulations and being a lapdog to US markets. Double standards Mr Bailey.
18
11/02/2021 10:42:12 52 86
bbc
US Bad/EU Good just don't cut it anymore
61
11/02/2021 10:54:53 19 10
bbc
This is a political story trying to spin the fact that the UK knew this, and so did Brexiteers.

It is spin to get people to think that the EU is bad.

In reality of Brexit, project fear is now becoming project reality, and the Brexiteers will latch onto this as it fuels their hatred of everything they perceive as not British.

This is the start of the slow decline of the UK. Sad.
172
11/02/2021 11:28:03 18 5
bbc
US good, EU bad never cut it
11/02/2021 14:04:24 3 4
bbc
Nor should the opposite.
Also if Bojo screws with the GFA Biden (Irish-American remember) will not be happy, bye bye special relationship and good trade deal.
11/02/2021 19:51:27 1 0
bbc
But US good/EU bad does. Sounds like a double standard to me.
14
11/02/2021 10:40:36 181 502
bbc
We are the financial hub of the whole world

Mwahh ha ha harrr
19
11/02/2021 10:42:32 54 7
bbc
No, that’s the USA.
43
11/02/2021 10:50:46 24 5
bbc
Actually in respect of financial services there's not much to choose between New York and London
810
LH
11/02/2021 13:40:50 11 38
bbc
WRONG!
When Tokyo shuts down, UK is in full swing; when USA wakes up, UK is in full swing!!!
UK is THE financial hub of the World!
20
11/02/2021 10:42:42 1080 121
bbc
Share dealing in Amsterdam now exceeds that done in London. This was predicted and it wasn't project fear.
36
11/02/2021 10:48:36 262 370
bbc
Share dealing online exceeds that done in Amsterdam, though
11/02/2021 14:16:06 31 5
bbc
You're right but to the average Brexit voter it wasn't an issue of key importance to them.

Be realistic, the jobs and wealth in the city will never be seen by the likes of those in the north and working class heartlands so thinking they care any more now is unrealistic.

To most who pick up the lowest minimum wage possible this means nothing.
11/02/2021 14:40:39 2 2
bbc
Penny stocks vs billions
11/02/2021 14:52:43 4 5
bbc
Surprise this BBC article fails to mention Netherlands is low cooperation tax country

That is already known. UK should under cut them in tax
11/02/2021 15:16:15 1 11
bbc
The only reason that the share price exceeded London in Amsterdam is because the EU are, once again, being unreasonable and blocked business in London. When they are made to see the error of their ways, again, things will return to normal and London will be head and shoulders above EU when it comes to finance. This is a battle they cannot win they just don`t know that yet.
11/02/2021 16:24:58 0 6
bbc
Only in EU company shares.

Early days - EU will regret bullying tactics which is there modus operandi. they have still not got it that Brits don't like bullies.
11/02/2021 18:05:42 1 3
bbc
No it wasn't and it still isn't project fear. Amsterdam is a financial backwater, ask Unilever, they moved their HQ out of Holland into the UK. The BBC like remoaners are desperate, or are you going to tell us you predicted 'Dutch Bike Bitz' & the EU trashing the GFA and putting a hard border in Ireland? I told you only the EU would put up a hard border there & they were stupid enough to do it.
11/02/2021 18:22:09 0 2
bbc
Yet the American and Singapore markets say that Amsterda, Frankfurt and Paris will fall away.
Online trading in the UK has gone up 1000% in the last 12 months while only 10% within the EU
11/02/2021 19:09:23 0 1
bbc
Simply not true, though.
Amsterdam was only bigger than London in EUROPEAN shares. London was still massively larger in world-wide traded shares. The BBC and other MSM are obviously still eager to look for ways to run down the UK. Dishonest and shameful.
11/02/2021 22:31:00 0 0
bbc
And it is absolutely no big deal at all. Except of course in your tiny universe.
15
11/02/2021 10:41:01 24 20
bbc
The EU will do what is best for them, just as we are attempting to do very badly, welcome to more harsh realities of Brexit
21
11/02/2021 10:42:45 10 19
bbc
How have you personally been affected these past 42 days?
782
11/02/2021 13:38:35 1 1
bbc
Not personally, but you just have to read the news from the road haulage association, the fisherman, jd sports and other small businesses etc. Can’t wait to hear a good news story
16
11/02/2021 10:41:33 23 27
bbc
The EU acting up again.
Reminds me on the usual Remoaners on here.
Still can’t get over their defeat and would love the UK to fail
22
11/02/2021 10:43:31 8 18
bbc
and the US
but funnily enough, not "China".
13
11/02/2021 10:40:34 18 14
bbc
As soon as I saw the headline, I just knew the BBC were going to open a HYS on this.

The article quotes that "up to 7,000 finance jobs had so far been relocated from London to rival centres in the EU", but is does not say that overall jobs in the financial sector in the UK have increased since 2016, when we voted leave.
23
11/02/2021 10:44:02 3 23
bbc
Business is booming.
11/02/2021 15:10:50 0 1
bbc
Who said so? Last I heard the country was very far from booming
11/02/2021 15:21:02 0 0
bbc
Tell that to the fishing industry........
24
11/02/2021 10:44:57 9 19
bbc
The EU is being seen globally for what it really is and it will be their undoing. They rely too much on energy and food from outside their bloc. They will never be a financial centre because of their strict regime.
25
11/02/2021 10:45:08 575 65
bbc
So we have insisted to become a third county. Our neighbours have started to treat us as such and we try to dictate how and where from they should run their financial services.
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
68
11/02/2021 10:56:23 31 88
bbc
They've offering far better terms to all other 3rd countries e.g. Brazil, Hong Kong, Australia, US, Switzerland. This is simple vindictiveness and aggressive market capture. The EU and EU individual countries esp France are not our allies. We should stop referring to them as that and call out the nonsense of e.g. Macron referring to Britain as its ally when they're bent on doing us so much harm.
443
11/02/2021 12:52:01 7 9
bbc
"and we try to dictate how and where from they should run their financial services."

Err....no we haven't. We haven't tried to dictate their regulatory regime to them at all. The debate is how equivalence is executed. The EU are proposing unilateral decisioning by them, we are proposing a consultative approach with some sensible rules.
842
11/02/2021 13:43:05 1 10
bbc
Yea...like the Vaccines..! lol
853
11/02/2021 13:44:03 2 4
bbc
Financial services, usury and misery to make a few folk rich , sickening.
11/02/2021 14:22:41 0 6
bbc
We are not trying to dictate anything to the EU so far its them dictating to us!!
TJ
11/02/2021 14:27:32 1 11
bbc
We are not a 3rd country. Thats EU speak. We are an independent country like the rest of the world. Typical european arrogance to try to cast the rest of the world as inferior. The UK is no longer a european controlled zone. Their empire is shrinking.
26
11/02/2021 10:37:44 10 21
bbc
EU up to their usual dirty tricks again.
Will they ever learn?
If they demands are unreasonable why would we accept them?
11/02/2021 15:46:56 2 0
bbc
Because want to play with there ball!
8
11/02/2021 10:38:51 8 5
bbc
Or you know, they can accept our standards are equivalent to theirs without dictating that we have to follow the exact same rules. You know, like how it works with every other trade deal in the world.
27
11/02/2021 10:45:39 1 1
bbc
Yes the can if they want....or not.
28
11/02/2021 10:46:17 2001 363
bbc
The EU are looking after their own interests. If you mistake this for arrogance, you have failed to understand the results of Brexit, and its impact on us as a sovereign state.
56
11/02/2021 10:54:08 1661 391
bbc
Bingo, as a member they would have looked after us but we voted to be a 3rd party country and the brexiteers now complain that we are now being treated the way they voted for us to be treated...

Some people just can't get it into their head that we ceased to be a global superpower back in 1945
192
11/02/2021 11:33:41 222 14
bbc
Financial services only contribute £132bn to GDP, so why doesn’t the BBC mention that we’ve got a world beating fisheries deal?
258
11/02/2021 11:58:13 80 289
bbc
BUY BRITISH

Boycott the EU
405
11/02/2021 12:44:55 90 20
bbc
BREXIT not quite turning out as many wanted. Was obvious that mnany of these issues were coming, more as we move further into 2021/22
467
11/02/2021 12:55:53 23 68
bbc
Refusing to reciprocate on the UK's pledge to allow EU organisations to continue to sell financial services in the UK is not "The EU looking after their own interests" or, more importantly, the interests of their member states. It's just their usual display of sulky vindictiveness that serves no other purpose.
513
11/02/2021 13:03:07 23 64
bbc
Any arguments about the good or bad of Brexit were put to bed by the UKs world beating vaccination programme.

If we were still aligned with the EU we would no doubt still be embroiled in the inaction and ineptitude that is the cost of alignment to the EU vaccination programme.

The city may lose a few jobs, but the EU costs lives.
589
11/02/2021 13:16:11 5 11
bbc
How is it looking after their own interests if it is going to cause problems for them in the future? Petty.
622
11/02/2021 13:21:53 28 9
bbc
All this mess caused by a small group of Tory uroseptics.
29
11/02/2021 10:46:44 417 81
bbc
Amsterdam took over as the main share dealing hub in Europe. Overtaking London.

Thanks Brexiteers!

At least the fishermen are happy... Not

??????
401
11/02/2021 12:44:22 67 181
bbc
It didn't go to Frankfurt or Paris as predicted though
862
11/02/2021 13:44:41 9 34
bbc
main share dealing hub for EU shares, as the protectionist EU is insisting it's shares are traded on an EU exchange (just like China...).
It's protectionism, very far from the 'free market' the EU claims to be.
933
11/02/2021 13:51:23 0 37
bbc
Not True..and totally misleading article from BIG Brother Corporation..who like Donald Trump are 'sore loser'...!! Go tell the EU to get some vaccines..for their 3rd world citizens..!
11/02/2021 14:26:25 19 2
bbc
But the fish are happy that they're now British, with their blue passports and not knowing the words to 'Rule Britannia'.
11/02/2021 14:58:44 1 5
bbc
BBC article failed to mention Netherlands is low cooperation tax country

Relax. EU has no covid vaccine supplies
11/02/2021 15:46:47 0 0
bbc
??????
11/02/2021 18:33:23 0 1
bbc
LOL, whose shares?
11/02/2021 22:52:37 0 0
bbc
Your looking at diddly squat in market terms. But he ho, you just keep deluding yourself with your schoolyard economics.
30
11/02/2021 10:46:47 421 61
bbc
But, but they need us more than we need them....

Yeah right
111
11/02/2021 11:07:12 165 303
bbc
They certainly need our vaccines.
886
11/02/2021 13:47:09 3 25
bbc
Wel..they certainly do for Vaccines..!! lol..!
11/02/2021 14:51:34 3 1
bbc
I never understood where that was coming from.
11/02/2021 14:54:18 7 1
bbc
What was the estimated timescale for the effects of BSE to show up in the populace? Seems to be happening now.
11/02/2021 14:58:13 0 3
bbc
They needed the British covid vaccine

They need to sell UK cars ...diesel polluting ones
11/02/2021 18:30:10 0 2
bbc
They do, which will become more obvious as time goes by, or do your really think Amsterdam is going to rival the City? LOL that is more risible than the EU's 45 minute vaccine trade war in Ireland.
11/02/2021 19:27:41 2 0
bbc
We'll have to eat oysters from France, Mussels from the Netherlands and Danish crabs.
31
11/02/2021 10:46:48 1707 166
bbc
Let's be clear - the UK moved itself outside the EU marketplace. Why is the EU response a surprise?
181
LOP
11/02/2021 11:28:19 757 93
bbc
Totally correct.
189
11/02/2021 11:33:26 104 16
bbc
Because most of those who voted to leave did so without heading the warnings (Project Fear) and without using their little grey cells. And the best of them are now shouting bloody murder rather than acknowledging they made the wrong decision and doing something about it.

What a bunch of .........
505
11/02/2021 13:02:32 21 91
bbc
It's precisely because the response of the petulant and sulky EU *wasn't* a surprise that was the reason we left in the first place. If they had responded in a mature way and sought to act in the interests of its members instead of the "cut of my nose to spite my face" pattern behaviour, then who knows? We might have regretted leaving after all.
662
11/02/2021 13:27:12 66 6
bbc
Precisely, the EU is choosing to Take Back Control from a country that has left its union. Brexiteers should be proud of their choice and shedding tears of joy!
903
11/02/2021 13:48:57 12 1
bbc
Sorry, but who is this a surprise to exactly ? Remainers, Brexiteers, Folk who don't care either way ?
11/02/2021 14:08:57 13 1
bbc
Bailey's threats carry very little weight. Under Thatcher the Tories decided to put all our eggs in one financial basket when they undermined our industrial sector.

It was always a questionable policy which thought we would rule the roost because of the strength of our financial sector. But, as with industry, we ignored the possibility that others would eventually compete & take business from us.
11/02/2021 14:15:51 0 8
bbc
It isn't a surprise leave em to it altogether and move on!
11/02/2021 14:23:42 2 13
bbc
EU response?? It's a natural movemen, and it's tens of thousands below the expected movement of jobs etc. This is not news. Good riddance.
11/02/2021 14:50:51 2 2
bbc
Netherlands is low tax country in EU
11/02/2021 14:51:55 10 1
bbc
Fully agree. Mr Baily is out of this world if he thinks, he can dictate the rules to worlds largest trading area.
11/02/2021 15:05:30 1 7
bbc
No surprises with the EU. It was totally expected, has been for 2 years or more. The only problem is they are probably cutting off their nose to spite their face.
11/02/2021 15:28:29 1 4
bbc
Yet why has the EU given finance rights to other 3rd party countries like the US and Canada, yet denies them to the UK?
11/02/2021 15:32:12 7 0
bbc
To be fair it's not the EU who are whining is it?
11/02/2021 16:05:05 4 0
bbc
Exactly: there seems to be a Brexiter line of thought that somehow they should 'look after' us or be 'fair'.....
11/02/2021 16:27:49 2 0
bbc
But - don't they still need us more than we need them?
11/02/2021 16:44:33 0 1
bbc
It’s only a ‘surprise’ that anyone would be surprised, it’s not a huge issue, when things change waters can get choppy before calm returns.
11/02/2021 16:49:12 0 0
bbc
Ermmmm because global financial markets are just that? not EU only, if that ever became the case a lot of economies would suffer badly, imagine not being able to buy US stock or Japanese stock!
11/02/2021 17:09:47 0 2
bbc
good riddance to the city, capitalist pig trough
Because they give equivalence to many other countries. They're just showing how pathetically petty they are, but of course all the whining remoaners will side with them because you're all traitors and should be hung Removed
25
11/02/2021 10:45:08 575 65
bbc
So we have insisted to become a third county. Our neighbours have started to treat us as such and we try to dictate how and where from they should run their financial services.
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
63
11/02/2021 10:55:28 76 6
bbc
It is not; it's called competition. When Britain decided to go it alone, Europe saw the negative consequences but also some positive ones (i.e. opportunities)
66
11/02/2021 10:55:56 74 10
bbc
Respect comes from having a detailed understanding of the issue and not resorting to jingoistic posturing.
89
11/02/2021 11:02:44 36 7
bbc
Which ones and how? back it up
92
11/02/2021 11:03:27 65 11
bbc
A government ready to break international law...

means you are not worthy enough to do business with...
361
11/02/2021 12:33:47 10 3
bbc
Your comment makes no sense. "sour grapes" means disparaging what you haven't got. It would only be EU sour grapes if UK was doing as well as before as a financial centre and EU wanted to suggest that they didn't care. As it is the phrase as used is meaningless.
426
11/02/2021 12:49:23 14 5
bbc
"Up Yours Delors!". Not so cocky now are we?! You reap what you sow in life
447
11/02/2021 12:52:36 21 1
bbc
They can treat us the way they want. What are we going to do, leave the EU? :D
720
11/02/2021 13:32:19 13 3
bbc
I think you'll find the sour grapes are all yours - come on, this IS brexit
724
11/02/2021 13:32:57 19 6
bbc
Respect, that's an interesting word for a Brit to use after the way the UK has treated Brussels since 2016!
766
11/02/2021 13:37:08 2 1
bbc
grow up
819
11/02/2021 13:41:28 18 2
bbc
Other 3rd countries give more respect.

Other 3rd countries deserve more respect.

Our behaviour as a nation since the referendum (and before it tbh, throwing our weight around to receive numerous concessions and then still moaning that the EU is taking advantage of us) has been nothing short of embarrassing.
912
11/02/2021 13:49:46 3 2
bbc
That's just ridiculous, but I guess no more so than the usual nonsense spouted by the swivel eyed massive.
11/02/2021 14:06:52 11 2
bbc
We CHOSE (or rather 51% did) to leave. Nothing to do with sour grapes. The EU is a group of like minded people looking after themselves. They owe us nothing now. When we were in the EU our standard of living rose, now it will fall comparatively. When we were in EU we were part of a group looking after ourselves.
11/02/2021 14:07:42 10 2
bbc
"Other Third countries get more respect
proving this is EU sour grapes."

Another grandad insisting that decades of insults from Nigel count for nothing and it should all be incredibly easy just like that mediocre journalist Johnson swore it would be and we're due a load of respect because a previous generation was brave, even though we've become a country of red faced waddling clapped out clowns
11/02/2021 14:15:51 6 1
bbc
The words of my old boss ring out here. "You have to earn respect it's not just given because you want or feel you deserve it"
11/02/2021 14:20:20 4 1
bbc
Other 3rd party countries did not have banks that played a leading part in the 2009 collapse.
11/02/2021 14:26:50 4 1
bbc
other countries deserve more respect
11/02/2021 14:31:46 7 1
bbc
Don't think that's a fact. In reality I'm surprised Johnson and his crew can get any kind of dialogue with the EU given they are a lying, dishonest, incompetent and racist bunch of scoundrels. I wouldn't give them the time of day.
15
11/02/2021 10:41:01 24 20
bbc
The EU will do what is best for them, just as we are attempting to do very badly, welcome to more harsh realities of Brexit
33
11/02/2021 10:47:24 5 2
bbc
The EU's financial regulatory scheme is the least robust in the financial markets, neither are they a major world player. Hence accepting their sub-standard regulatory framework would damage London's standing on the world stage. Probably the EU Commission's aim.
759
11/02/2021 13:36:25 1 2
bbc
And where have you got that information from?
34
11/02/2021 10:47:27 11 5
bbc
Disgraceful that this was not in the deal :

"Financial services - a key driver of the UK economy - were largely omitted from the last-minute Brexit trade deal agreed in December. "

Also, it may be that :

https://www.theneweuropean.co.uk/brexit-news/london-uni-claims-britain-will-be-money-laundering-epicentre-88546

Maybe this is what the EU fears, and i expect the US will react to this too.
46
11/02/2021 10:51:29 8 2
bbc
Already is. World famous British rubbing the world and cheating the dirty money.

British virgin island etc...

In England the upper class do not pay tax.
4
11/02/2021 10:36:09 66 60
bbc
‘Mr Bailey said EU demands had so far been unreasonable.’

And this is exactly why we left
35
11/02/2021 10:47:59 17 10
bbc
You know as a member we could have vetoed their approach or would have had a hand in what was being said. You guys voted for this, and you "knew what you were voting for" so why the surprise now.... it's not like we hadn't told you this would happen
11/02/2021 15:23:42 0 0
bbc
not for much longer as they were moving to majority voting therefore we would loose our veto
20
11/02/2021 10:42:42 1080 121
bbc
Share dealing in Amsterdam now exceeds that done in London. This was predicted and it wasn't project fear.
36
11/02/2021 10:48:36 262 370
bbc
Share dealing online exceeds that done in Amsterdam, though
49
11/02/2021 10:52:24 100 9
bbc
All share dealing is on-line, but where are you going on-line to? More to Holland now, post brexit.
88
11/02/2021 11:02:15 56 8
bbc
Share dealing is actually not "on-line". You click online and the company buys it for you.
96
11/02/2021 11:04:31 27 6
bbc
And your point is?
305
11/02/2021 12:18:09 80 1
bbc
Pretty much all share dealing is done on line. It is where the people running the managing offices are based...increasingly Amsterdam, which is where the commissions will accrue, and therefore the tax receipts
748
11/02/2021 13:35:37 46 1
bbc
someone doesn't know what he or she is talking about - there's always an exchange
959
11/02/2021 13:53:46 62 2
bbc
You clearly don't understand that when you trade online, it is processed in a financial centre like London or increasingly in Amsterdam. Do you understand now?
982
11/02/2021 13:56:27 34 2
bbc
Where do you think your shares are dealt ? Online dealing still goes through stockbrockers that have to buy / sell shares on an exchange. You view reinforces your missunderstanding gross of the situation of share dealing.
11/02/2021 13:59:32 8 7
bbc
Nonsense. The banks trade in the billions. Retail trade online which amounts to a few hundred thousand!
11/02/2021 14:17:50 8 2
bbc
So therefore London as well...
Kes
11/02/2021 14:24:31 11 1
bbc
Quick lesson for you: There is no cloud. (It's just someone else's computer.)
11/02/2021 15:20:38 6 0
bbc
Online online
You realise the sites (companies) are based in real places not in the stratosphere
11/02/2021 15:27:36 6 0
bbc
I think you might not understand how share dealing works.
11/02/2021 15:59:10 0 0
bbc
Yes but IPO launches are not..
ET
11/02/2021 17:30:40 0 0
bbc
Great. Your point is?
bds
11/02/2021 17:41:53 1 0
bbc
All share dealing on London Stock Exchange is done online, the trading floor disappeared many years ago, I think they called it Big Bang. Same applies in European exchanges, you want to get into the current century mate.
11/02/2021 17:51:29 2 0
bbc
How does that justify you voting to make the UK poorer?
11/02/2021 17:55:06 2 0
bbc
Well that's great news. The words "straws" and "clutching" spring to mind.
11/02/2021 19:38:27 0 0
bbc
If you knew anything about share dealing, you'd know there's no such thing. Shares are traded at an exchange.
11/02/2021 19:39:33 0 0
bbc
Oh dear.... on line transactions have to go through an exchange and that is now Amsterdam.
11/02/2021 22:33:28 0 0
bbc
Why downvote what is a fact. Remoaners don’t like ANYTHING that might tarnish the polished turd that is the EU ??????????
12/02/2021 02:01:23 0 0
bbc
Do you think that investors all queue up outside stock exchanges to trade shares in person?
37
11/02/2021 10:48:54 15 18
bbc
I see the regular hate posters haven't noticed this topic opening yet!
The EU stance is as expected. I suspect the financial institutions are making pragmatic decisions on moving offices at the moment but the reality is that the rest of the world will not willingly do business within a self-protectionist block. Tough it out and we will recover and prosper as business returns.
38
11/02/2021 10:49:10 13 10
bbc
Brexiteers thought you can eat your cake and have it.

Complaining about fishing and the border on the irish sea which no British PM could agree with.

Bot Johnson put a border on the Irish sea, ??????
75
11/02/2021 10:51:33 2 2
bbc
Do you see the rest of the UK complain or just the DUP?
98
11/02/2021 10:57:38 0 1
bbc
why you crying at each comment?
39
11/02/2021 10:49:30 4 5
bbc
There are signs the EU plans to cut the UK off from its financial markets, the Bank of England governor has warned.

Andrew Bailey said the City wanted to reach an agreement on financial rules.

Both sides are working towards a March deadline to agree an "equivalence" regime.

But Mr Bailey said EU demands had so far been unreasonable.

Deva vu as they say....a deal will be done.
14
11/02/2021 10:40:36 181 502
bbc
We are the financial hub of the whole world

Mwahh ha ha harrr
40
11/02/2021 10:49:39 65 13
bbc
Lol we probably used to be 2nd in this list:

wall street > Hong Kong Shanghai > Holland > Frankfurt > Us

Its what you guys wanted though right?
4
11/02/2021 10:36:09 66 60
bbc
‘Mr Bailey said EU demands had so far been unreasonable.’

And this is exactly why we left
41
11/02/2021 10:49:45 17 10
bbc
You left to be a low tax low regulation economy in competition with the EU.

So you can't complain if they don't give you a good deal.

It's always cake and eat it with Brexiteers.
42
11/02/2021 10:50:18 8 13
bbc
The EU absolutely NEED access to the UK financial markets to finance their massive and increasing debt, if they want to play hardball they will be the losers in this. London IS the financial hub of the whole world due to it's language, time zone etc. and will always be so.
54
11/02/2021 10:53:43 9 3
bbc
Not anymore...
New York, Singapore, Frankfurt, Amsterdam.

London is a big lose of Brexit,

Already more share dealing in Amsterdam, than in London... ??????
97
11/02/2021 11:04:55 0 2
bbc
Financial products and centres develop where the markets are, this month (for the first time ever) the largest share trading volume in Europe was Amsterdam not London. London (it turns out) was doing pretty well out of the EU, now it will have to adjust, which will cost money and take time, which is a shame because the 11% of UK tax it paid would have been useful in our COVID recovery
19
11/02/2021 10:42:32 54 7
bbc
No, that’s the USA.
43
11/02/2021 10:50:46 24 5
bbc
Actually in respect of financial services there's not much to choose between New York and London
11/02/2021 14:52:24 4 3
bbc
You should have said
'Actually in respect of financial services WAS not much to choose between New York and London'
London has slipped a long way since Brexit.
Pip
11/02/2021 15:09:44 0 0
bbc
There wasn't, there will be now...........?
4
11/02/2021 10:36:09 66 60
bbc
‘Mr Bailey said EU demands had so far been unreasonable.’

And this is exactly why we left
44
11/02/2021 10:51:02 12 7
bbc
It will not be a problem if our regulations or standards exceed the EU's, but given that the Tory moved the workers protections from the law section, to a political aspiration, that the UK were going to "break international law in a limited and specific way", then you can see why anyone would treat the UK with a barge pole distance

If the boot was on the other foot, then the UK would do the same
11/02/2021 15:24:36 1 0
bbc
and the eu of course don't break any laws or impose things do they
9
11/02/2021 10:38:59 780 95
bbc
The UK chose its own destiny and this aspect of it was predicted.

We are no longer the financial hub of Europe.
45
11/02/2021 10:51:29 98 22
bbc
British arrogance is thinking it can leave the club and dictate terms to it.

Brexit is proving a national embarrassment.
835
LH
11/02/2021 13:42:44 9 17
bbc
EU arrogance is thinking UK can leave the club and dictate the terms!!!!
Brexit is proving an EU EMBARRASSMENT: the RIDICULOUS bureaucracy (72 pages for ONE lorry load of fish, for example); NI total cack-up!!!
968
11/02/2021 13:54:42 8 25
bbc
Remainers are proving a national embarrasment...
11/02/2021 14:09:31 5 14
bbc
Really ? Then why are the EU Nations so angry with the European Commission ? Could it be that being tied to a lumbering, unelected, unrepresentative body has drawbacks that are best avoided ?
11/02/2021 14:38:19 3 7
bbc
British arrogance? Don't you mean British democracy. You'll find it under the letter D in the dictionary. And who was dictating to the EU anyway but yes, as a free independent country we have a right to choose our own path. You know, like the other 180+ non EU countries around the world that just get on with things.
And if you're so embarrassed by this country, nobody's stopping you leaving.
34
11/02/2021 10:47:27 11 5
bbc
Disgraceful that this was not in the deal :

"Financial services - a key driver of the UK economy - were largely omitted from the last-minute Brexit trade deal agreed in December. "

Also, it may be that :

https://www.theneweuropean.co.uk/brexit-news/london-uni-claims-britain-will-be-money-laundering-epicentre-88546

Maybe this is what the EU fears, and i expect the US will react to this too.
46
11/02/2021 10:51:29 8 2
bbc
Already is. World famous British rubbing the world and cheating the dirty money.

British virgin island etc...

In England the upper class do not pay tax.
47
11/02/2021 10:51:35 16 17
bbc
the EU will come round. They have no choice. If they cut the city out then the UK is free regulate financial services as it wants (no level playing field required). That is the nightmare scenario for the EU. They get the un-tamable tiger they always feared. Frankly its short term damage limitation by the EU, with no prospect of long term traction on the situation.
109
11/02/2021 11:06:53 5 5
bbc
I see.

Losing all this businesses, Amsterdam only trading more shares than London..., not to mention there is Frankfurt, Genova, Paris etc... as well,

is actually a good thing

??????
136
11/02/2021 11:14:32 1 3
bbc
The EU were always going to short term punish us for fear that any other countries such as Italy would be considering leaving as well.
48
11/02/2021 10:52:18 931 109
bbc
EU could cut UK out of financial markets - Andrew Bailey. This is to be expected because we are in direct competition to the EU. No good complaining because its what Brexiters voted for...
62
11/02/2021 10:54:59 191 76
bbc
The words you need to at look at are "could cut UK out of financial markets" not will.
823
11/02/2021 13:41:43 7 42
bbc
Shares..? So what? (If its TRUE! Over £1Trillion of Forex transaction go through London every day! Our Forex alone makes New York and Amsterdam look like Bit players! The BBC assumes that everyone who 'reads their Biased misinformation isn't educated enough to find out 'The facts' for themselves! Just keep watching listening to the BBC..and be 'Brainswashed'!
11/02/2021 14:19:25 2 10
bbc
You mean the majority of the population? that's who it was voted for Brexit, not just a small gang of brexiters as you imply.
However yet again we have the bullies of Brussels at it again now, Turn our back on them altogether and look elsewhere for more trades. YES, there are far more trades going on on-line even than in Amsterdam!!
11/02/2021 14:28:38 1 10
bbc
This is brilliant news, good riddance.

We are now going to have control and will rule world finance. Looking forward to moaner tears.
11/02/2021 14:53:07 2 2
bbc
Surprise this BBC article fails to mention Netherlands is low cooperation tax country
11/02/2021 15:21:58 0 4
bbc
Have you any idea of how much money the EU has invested in the London Stock Exchange ? It is billions! Reason....London is the biggest market in the world and the most profitable. Cut UK out of financial markets is cutting off their own nose. They are just trying to punish us for leaving. (same as the vaccine) !
11/02/2021 17:29:18 1 3
bbc
Out of the EU financial markets. You fail to understand that London was always a huge threat to the EU - which they can no longer effectively control. The BOE is saying cut us out if you want - but it will be to your detriment not ours; London will quite probably become the world financial capital irrespective of the EU
11/02/2021 18:07:17 0 3
bbc
The EU cannot compete with the CIty, they'd have to go to New York or Singapore - let them do it. The extra costs will soon have their multi-nationals leaving. Why Nissan and Unilever (not Beer on the Web or Bike Bitz) opted for the UK.
11/02/2021 19:14:23 0 1
bbc
Cut the UK out?

That will harm the anti-Brexit posters more than anyone else, in which case they will have to move the EU that they claim to love so much.
11/02/2021 19:21:56 0 0
bbc
Andrew Bailey wants to buy favour from the Brexit, having shown his how he mismanaged the FCA scandal and then tried to suppress it. Interesting that one man's
ego can trump the interest than a whole country!
11/02/2021 22:38:25 0 0
bbc
But EU capital markets are 60% funded by UK firms. Mmm that could prove to be a tad expensive for the EU.
36
11/02/2021 10:48:36 262 370
bbc
Share dealing online exceeds that done in Amsterdam, though
49
11/02/2021 10:52:24 100 9
bbc
All share dealing is on-line, but where are you going on-line to? More to Holland now, post brexit.
11/02/2021 17:16:14 2 0
bbc
Having worked on the Amsterdam exchange, trading companies get their computers as close to the exchange as possible for latency reasons. Some exchanges, thinking old Xetra, guarantee latency so physical location isn’t so important. My info might be out of date as I worked there in the late 90s.
50
11/02/2021 10:52:34 8 5
bbc
Ooh, yet another Brexit HYS. Yummy!
10
11/02/2021 10:39:20 164 30
bbc
Deregulation is what helped contribute to the events of 2008. Then rather than admit the whole system is broken and needing reform, central banks worldwide, including us, have tried to keep it afloat with so-called last resort policies of QE and low interest rates (that may soon be negative) for over a decade.

Therefore, further deregulation is the last thing we need.
51
11/02/2021 10:52:35 23 96
bbc
Houses were more affordable in 2009 than they were in 2007, though
11/02/2021 14:07:10 13 3
bbc
And lots of people ended up in negative equity unable to move house. A woste - unable to pay the mortgage and were repossesed.
11/02/2021 14:15:44 13 1
bbc
no the were cheaper - but as we were in a recession they were not more affordable as there was less cash in the economy
11/02/2021 17:10:52 0 2
bbc
From September 2008 untill at least March 2009 property prices were following month on month by around 3% in Greater London.
I put an offer of £165k on a £189k flat in Sept. 2008. Finally settled at Xmas 2000 at £165k despite having two mortgages pulled. Moved in March 2009 then sold in 2017 for £290K.

For a while at least very affordable & in the medium term very profitable indeed I would say
11/02/2021 17:49:41 3 0
bbc
Only if you could still afford them. Many people ended up with negative equity! House prices tend to reflect salaries. So if salaries go down so do house prices.
11/02/2021 18:09:32 4 0
bbc
And my master's name is Alfie, which is as relevant as this comment!
11/02/2021 19:46:56 2 0
bbc
Yeah. Tell that to those that lost their homes to make that happen. I'm sure they'd see the bright side.
7
11/02/2021 10:38:11 33 38
bbc
Cash cow and vaccination nation
52
11/02/2021 10:53:08 16 14
bbc
Will Brexiteers ever learn that the vaccine was a result of international cooperation, EU approval, made by a part-Swedish company and manufactured across Europe?

They somehow think it was all made by white English males in Oxford.
123
11/02/2021 11:10:36 10 5
bbc
LOL1
Who has ever said that?
Only the voices in your head
152
11/02/2021 11:12:50 3 5
bbc
Oh dear.
Please show me any post stating what you said.
Your comments are comical
53
11/02/2021 10:53:39 14 17
bbc
The EU's running scared of the UK, why else would they be acting like they are. Their problem is they underestimate the UK's resilience and ingenuity so let them throw what they like at us, it won't make a jot of difference. The EU's shown itself to be massively bureaucratic and slow, that will be it's downfall. To survive the EU needs to devolve power before it's taken back by the people
42
11/02/2021 10:50:18 8 13
bbc
The EU absolutely NEED access to the UK financial markets to finance their massive and increasing debt, if they want to play hardball they will be the losers in this. London IS the financial hub of the whole world due to it's language, time zone etc. and will always be so.
54
11/02/2021 10:53:43 9 3
bbc
Not anymore...
New York, Singapore, Frankfurt, Amsterdam.

London is a big lose of Brexit,

Already more share dealing in Amsterdam, than in London... ??????
11
11/02/2021 10:39:42 15 13
bbc
They just can't grasp the fact that they can no longer boss us around
55
11/02/2021 10:54:00 15 8
bbc
We helped to write the EU rules and voted for them. How is that bossing us around?????
28
11/02/2021 10:46:17 2001 363
bbc
The EU are looking after their own interests. If you mistake this for arrogance, you have failed to understand the results of Brexit, and its impact on us as a sovereign state.
56
11/02/2021 10:54:08 1661 391
bbc
Bingo, as a member they would have looked after us but we voted to be a 3rd party country and the brexiteers now complain that we are now being treated the way they voted for us to be treated...

Some people just can't get it into their head that we ceased to be a global superpower back in 1945
151
11/02/2021 11:10:55 122 257
bbc
I voted for Remain but it is clear this comes down to pettiness from the EU. We have exactly the same standards so there should be no reason to block us from their markets, until we diverge from the rules. Equivalence has been granted to the New York stock exchange who have various different standards. Unfortunately I can see us getting into a tit for tat trade war sooner rather than later.
215
11/02/2021 11:41:48 105 37
bbc
Also we were not a Global Superpower then either, the Sun was already setting on our Inglorious Empire.
233
kr1
11/02/2021 11:47:56 68 241
bbc
"looked after us" deluded, more like dictated to us!
251
kr1
11/02/2021 11:57:05 56 112
bbc
sometimes in life you have to slow down for a while so that you can come back stronger.
631
11/02/2021 13:23:32 10 30
bbc
You seem to misunderstand: the UK left because they didn't want to be dictated to by the EU and are not complaining about that. The EU are, again, treating dealing with the UK differently to other, and will probably cause problems for themselves in the process.
670
11/02/2021 13:27:46 5 4
bbc
More like 1845
57
11/02/2021 10:54:08 7 5
bbc
'Signs' but nothing concrete yet. So no news really.

I await to see how talks progress before commenting further.
86
11/02/2021 11:01:01 16 4
bbc
Amsterdam just passed London's share trading volumes, it's already happened, (unless you think the front page of the FT today is just another "sign").
58
11/02/2021 10:54:15 5 6
bbc
Well just as well we are out of the planned EU financial transaction tax regime which will send international investors running for the hills......

Spanish FTT – introduced with effect from 16 January 2021.

French FTT....TBC

Italian FTT....TBC
59
11/02/2021 10:54:37 10 14
bbc
Unbelievable to see the same Remoners on this HYS, spewing the same hate speech for their own country.

We understand you loath The UK and would love to see it fail. You don't need to be reminding everyone that each opportunity you get.
77
11/02/2021 10:59:18 11 3
bbc
You voted for this to happen - I didn't.

The EU and the City told you this would happen, you chose to ignore them.

The EU aren't doing this because they "loathe the UK", remainers aren't pointing it out because they "loathe the UK".

Your vote caused it to happen because you "loathe the EU".

This is where your hate gets you - poorer!
91
11/02/2021 11:03:21 1 2
bbc
You have just stated, unless everyone believes your reality, then they hate the UK.

Far from it - we love our country, and we had the ability to think a few steps ahead of the Brexit decision.

It does not make you pro-EU for knowing that Brexit will cripple the UK financially, more than staying in the EU.

It is simple logic.
95
11/02/2021 11:04:21 1 1
bbc
It's all they have.
Still won't move on - poor souls
122
PS
11/02/2021 11:10:26 1 1
bbc
Agreed. Maybe they ought to move to the EU.
14
11/02/2021 10:40:36 181 502
bbc
We are the financial hub of the whole world

Mwahh ha ha harrr
60
11/02/2021 10:54:41 44 10
bbc
It's more financial snub than hub for the UK these days.
18
11/02/2021 10:42:12 52 86
bbc
US Bad/EU Good just don't cut it anymore
61
11/02/2021 10:54:53 19 10
bbc
This is a political story trying to spin the fact that the UK knew this, and so did Brexiteers.

It is spin to get people to think that the EU is bad.

In reality of Brexit, project fear is now becoming project reality, and the Brexiteers will latch onto this as it fuels their hatred of everything they perceive as not British.

This is the start of the slow decline of the UK. Sad.
583
11/02/2021 13:15:01 4 3
bbc
It will not be slow.
11/02/2021 21:01:02 0 2
bbc
ROFL erm, this rant from a German MEP hours before Ursula started the vaccine war is all you need to make the EU look bad!

"We see that Europe is not treated well, not from the United States and not from the UK, and then we have to show our weapons. ... we need to tell other companies in the world, if we treat the Europeans as second class, you will suffer for this."
48
11/02/2021 10:52:18 931 109
bbc
EU could cut UK out of financial markets - Andrew Bailey. This is to be expected because we are in direct competition to the EU. No good complaining because its what Brexiters voted for...
62
11/02/2021 10:54:59 191 76
bbc
The words you need to at look at are "could cut UK out of financial markets" not will.
103
11/02/2021 11:06:07 44 4
bbc
Why wouldn't they? They won and we lost so now they are gobbling up all of our trade and service
139
11/02/2021 11:15:09 32 6
bbc
Ok then, "will".
It's their duty to their nations to enrich them.
163
11/02/2021 11:24:54 52 7
bbc
Brexiteers - ah, forever the forlorn optimists. At what point do you accept that 'project fear' was actually the truth?
225
11/02/2021 11:46:12 5 29
bbc
It can't more Euros are traded in Hong Kong than in Frankfurt or Amsterdam as an example. Paris is just a backwater in terms of FS. As ever in the EU, who do you call and where do you trade? So fragmented with Napoleonic law that is NOT what FS likes
971
11/02/2021 13:54:51 5 2
bbc
Well it seems we they are cutting us out - did you read the article?
11/02/2021 13:58:17 4 1
bbc
I think that its already happened. So they have.
11/02/2021 13:58:45 7 1
bbc
If it is more competitive, they will....
like everything else, if buyers can get things cheaper elsewhere, they will and UK businesses will suffer.
11/02/2021 14:21:55 5 1
bbc
and Friday might not follow Thursday, but it usually does.
11/02/2021 14:28:43 4 1
bbc
And if they don’t it will only be in exchange for agreeing to “ compromise our sovereignty “ by being subject to Eu rules and oversight

So why did we not stay in and get ALL the benefits of membership?

We are going to end up worse off in terms of compromise and concessions than as members because we won’t have all the benefits

But the majority knew best
They could feel it in their water!
Pip
11/02/2021 14:59:25 6 1
bbc
I think he chose his wording wisely 'could cut' however in reality I think it will be 'will cut' then a brain drain of our finest.

I suppose now, we fall back on our fishermen to bale us out.........?
Tim
11/02/2021 15:03:47 1 0
bbc
Well if I was Macron an ex Investment Banker I would be trying to get all the financial business I could to Europe and totally support a delay / misrepresent / veto in negotiations or what ever it took to keep the Brexit driven gravy train rolling.
11/02/2021 15:34:45 0 4
bbc
We are free of the EU vaccination schemes... OOPS they don't have any
11/02/2021 15:26:41 0 0
bbc
but they did. What are you missing that no one else is missing?
11/02/2021 16:47:50 0 3
bbc
Spot on, euroland would implode and nothing could change or save it if we cut them off from the city.
11/02/2021 18:09:18 0 2
bbc
The only problem you have is the jobs you said 'moved out' where the City firms moving the people who handle the EU assets that went back to the EU to subsidiaries to handle it. The big finance is still only in New York, City or Singapore. EU multi-nationals aren't so stupid. They'll just do the deals in London under UK law.
11/02/2021 19:21:17 0 0
bbc
Could? It already did. The UK is out, that's WHY Amsterdam is now top dog.

The UK is now begging for some bones until April, but the Boss of BoE already said the rest of the world is the way to got, he already gave up.
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
63
11/02/2021 10:55:28 76 6
bbc
It is not; it's called competition. When Britain decided to go it alone, Europe saw the negative consequences but also some positive ones (i.e. opportunities)
296
11/02/2021 12:13:50 8 22
bbc
Of course it is - confiscating drivers sandwiches to make a point, needing 70 page documents to clear a lorry through customs all down to being pedantic ... meanwhile their lorries zoom through UK customs with no delay. Sooner we return the favour the sooner it might be sorted out - I note they still want our money for imports though.
64
11/02/2021 10:55:47 700 81
bbc
You left the single market, but want single market access?

??????
190
11/02/2021 11:33:26 283 114
bbc
What the BBC is not reporting today is that Amsterdam has now surpassed London as Europe’s largest share trading centre last month as the Netherlands scooped up business lost by the UK since Brexit.

BBC and Andrew Bailey are simply mouthpieces for the Government offering zero scrutiny.
196
11/02/2021 11:35:15 32 7
bbc
That might because some of those campaigning for Brexit didn't fully understand what Brexit actually meant. Nadine Dorries still wanted the UK to have MEPs and a say in EU laws after Brexit so I'm not sure why she voted for Boris's deal.

https://www.independent.co.uk/news/uk/home-news/nadie-dorries-slams-brexit-deal-leave-remain-jk-rowling-a8639216.html
840
11/02/2021 13:43:02 1 16
bbc
Nope, could not care less, thanks.
11/02/2021 14:14:11 2 8
bbc
It’s called international trade. Is there something you don’t understand about that ?
11/02/2021 14:21:20 9 25
bbc
NO, we did not say we wanted single market access at all. Its Brussels thats have the go not the UK. We'll weather this storm and come out on top!
However we will not forget their intransigence!!
TJ
11/02/2021 14:25:34 6 14
bbc
No, we left the control of the ECJ and the EU commission. Thats different. They are now applying protectionist measures to us as they do other countries.
11/02/2021 14:40:07 1 4
bbc
As one of the largest customers in the world of the EU......why not?
Business rule number one......don't bite the hand that feeds you.
11/02/2021 14:54:53 0 1
bbc
Its not single market

Netherlands is low cooperation tax country ...EU states all have different tax laws
11/02/2021 15:36:01 0 0
bbc
????????????
TJ
11/02/2021 15:44:39 0 0
bbc
No we want to carry on our business in the world. The EUs response to their own clumsiness on the vaccines was to activate the NI protocol. And this was protecting what the single market in vaccines? The overstretch of the EU needs to be pinned back
11/02/2021 16:30:17 0 0
bbc
Just wait until Bojo the Clown starts playing all the cards the UK claims to hold.
11/02/2021 16:53:47 0 0
bbc
No, we left the protectionist federal ‘state’ because we want to trade with the whole world on our terms, as a soverign Independent democracy, not a satalite of the new European soviet.
11/02/2021 18:20:05 0 0
bbc
There was never a single market in services - but then what remoaner knows much about anything EU.
12/02/2021 06:13:23 0 0
bbc
Same way you now want our Covid vaccines! Eu is doing really well there putting the uk to sham... oh wait no it isn’t!!
17
11/02/2021 10:41:41 9 2
bbc
He just saw what he wanted to see, and what the BBC wanted to put across.
65
11/02/2021 10:55:50 0 14
bbc
Yes, the headline for this article as easily have been

"London would "undoubtedly continue as one of the world's leading if not the leading financial centre". - Andrew Bailey
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
66
11/02/2021 10:55:56 74 10
bbc
Respect comes from having a detailed understanding of the issue and not resorting to jingoistic posturing.
859
11/02/2021 13:44:32 1 5
bbc
I find it LoLworthy that you post this qualification despite your posting some of the most banal, trite & empty rhetoric over the last four years.

Jingoistic posturing, as you say, is you MO.

Pot.Kettle.Black.

Will copy this post of yours and send it back to you every time you post another vapid brainless piece of sophistry.
67
11/02/2021 10:56:19 1429 134
bbc
When we left the EU we stopped being a partner and became a competitor to the EU.

The EU is simply moving the business that it used to have with a partner away from a competitor and to another partner.

If you didn't understand this would happen, then it is because you decided to ignore the warnings that many gave you, this is what you voted for, the EU is simply doing what it said it would do.
107
11/02/2021 11:06:43 287 581
bbc
Who said we didn't understand that would happen?
119
PS
11/02/2021 11:09:43 13 124
bbc
Agreed but acting like snubbed parents is no way to conduct yourself in the professional business world.
221
11/02/2021 11:44:10 26 217
bbc
And long term we the UK will compete far more to our advantage despite a small shot term loss.
614
Jim
11/02/2021 13:20:39 27 9
bbc
The UK is still trying to act like a partner, and the EU is making the UK a competitor. Once both sides have finally accepted that we are no longer partners but competitors then clearly both sides will take further actions for themselves.

Is it fair to say the EU is already doing this, but I am a little unclear what more they can do? The UK has taken no action yet, but will soon be compelled to?
790
11/02/2021 13:39:06 5 74
bbc
An a very 'oversimplified' and ignorant, Biased point of view! The whole article is 'misleading' and typical of the BBC's well KNOWN Anti Brexit and Anti British agenda!
11/02/2021 14:26:40 1 17
bbc
Of course it was understood, and was hoped for!. We can compete properly now and become world leaders in finance. Even the honest MEP's have admitted that.

This is not news.
25
11/02/2021 10:45:08 575 65
bbc
So we have insisted to become a third county. Our neighbours have started to treat us as such and we try to dictate how and where from they should run their financial services.
68
11/02/2021 10:56:23 31 88
bbc
They've offering far better terms to all other 3rd countries e.g. Brazil, Hong Kong, Australia, US, Switzerland. This is simple vindictiveness and aggressive market capture. The EU and EU individual countries esp France are not our allies. We should stop referring to them as that and call out the nonsense of e.g. Macron referring to Britain as its ally when they're bent on doing us so much harm.
84
11/02/2021 11:00:43 73 12
bbc
Most of these countries do not sit only few miles across the water but are separated by oceans. Funny you should mention Switzerland: are you advocating us re-introducing freedom of movement?
156
11/02/2021 11:22:40 54 6
bbc
Play games, win prizes? After all the jingoism from a small country what do you expect. The london dimension was a function of being in the eu, contributing to overall eu product. Now we dont and it makes sense to anyone with half a brain that they will try to grow eu finance market. We left the eu to become a sovereign 3rd country- wheres their obligation to help us more than themselves.
188
11/02/2021 11:33:04 67 8
bbc
Switzerland get better access due to their membership of EFTA.

You'll be hard pressed to prove that Brazil, HK, Aus, US, etc. are treated any differently to how the EU is now treating us.

It smarts because we have lost advantages we previously had.
358
11/02/2021 12:32:42 15 4
bbc
Or.....it might have something to do with the way our government have behaved towards them over the last 4.5 years.....or that being right on their doorstep the UK could be a competitor the way that Brazil, Hong Kong, Australia and the US can't (Switzerland is different and has to accept many EU laws and regulations for their arrangement).
453
11/02/2021 12:53:13 8 1
bbc
And whose ally are we? Whose country do we care more about than our own?
800
11/02/2021 13:40:07 7 2
bbc
You obviously seem to have forget that all these countries are members of NATO just as we are so yes they are our allies. Or are you proposing we leave NATO now?
843
11/02/2021 13:43:08 14 1
bbc
Oh and those countries negotiated those terms. We chose to keep the Financial services sector out of the Brexit negotiations not them us. I guess you'll be complaining when the EU withdraw the EURO clearing from London and the £6 billion of taxation alone that will cost us. But as the EU said who else in the world allows another entity to control their currency clearing business answer nobody.
943
11/02/2021 13:52:19 7 1
bbc
Really ? They've spent the last 10 years filling the gap left when we scrapped Nimrod without a replacement by patrolling the North Sea and the Western Approaches on our behalf.
Sounds like a very close ally to me.
11/02/2021 14:07:21 7 1
bbc
Please note the EU stopped EU trading Swiss Shares in 2014. The EU will use Equivalence as a political tool. Also due to Brexit NY now has an 18% share of the European Derivative market. Something London used to Own. Long it takes for this to be sorted the weaker London gets. Boris did a poor deal this is proof of it.
RM
11/02/2021 14:20:33 8 1
bbc
The UK left the EU not the other way round.
Do not blame the EU for our mistakes.
bob
11/02/2021 14:23:45 11 1
bbc
Yes, got it in one!! Its because we are an EX MEMBER of the EU. We were a member and now we are a competitor - its what happens when you go on insulting the EU for year after year - saying (without foundation) that its 'corrupt' 'going to collapse' calling the EU the "EUSSR' even 'Up Yours Delors' . Are you really surprised?? The naivety of Brexiteers never ceases to amaze me!!!!
11/02/2021 14:30:51 8 1
bbc
brexiteers now crying about the EU not treating them as well as they think they're entitled to be treated is just too funny. oh but it was all just 'project fear' right!
Kat
11/02/2021 14:37:38 9 1
bbc
Switzerland is not an EU member state but it abides by many of the EU rules such as FREEDOM OF MOVEMENT. Also, unlike the UK, Switzerland never used to be a member state which suddenly decided it's too good for the EU and thus wanting to leave the union.
69
11/02/2021 10:56:37 6 23
bbc
"London would "undoubtedly continue as one of the world's leading if not the leading financial centre" - Andrew Bailey

BBC chose yet another pro-EU agenda.
72
11/02/2021 10:58:12 4 3
bbc
Surely that's a pro-UK statement from Bailey.
70
11/02/2021 10:57:14 13 15
bbc
London has gone from the financial hub to the financial snub thanks to the xenophobes.
73
11/02/2021 10:58:28 9 20
bbc
"London would "undoubtedly continue as one of the world's leading if not the leading financial centre". - Andrew Bailey
81
11/02/2021 11:00:14 1 1
bbc
Obviously never worked in the City!
85
11/02/2021 11:00:52 7 1
bbc
Ahh, your usual xenophobe comment.
That's one of your classics in your top 10 soundbites
99
11/02/2021 10:58:33 1 1
bbc
Now that is a real badge of honour - thanks!
71
MVP
11/02/2021 10:57:41 281 60
bbc
This is potentially disastrous for the UK. We have a service economy which has the City of London and the international banking sector at its core.

And I really do not like how Mr Bailey is being so cavalier about this.
79
11/02/2021 10:59:56 147 366
bbc
Rubbish. The City of London has existed long before the EU even existed. Paris and Frankfurt compete with the expertise in the square mile? Not a chance.

Brussels living in another parallel vaccine world!
102
11/02/2021 10:59:59 6 17
bbc
why, should he be miserable like the most on here?
112
PS
11/02/2021 11:07:17 14 46
bbc
Being dramatic is not a solution. It's called negotiation which is sadly lost on impatient remoaners who just can't stop whining at every opportunity.
193
11/02/2021 11:34:09 20 3
bbc
I don't think Bailey is the smartest cookie in the cookie jar.
Useless regulator bordering on breaking city rules
11/02/2021 14:59:51 0 7
bbc
BBC article failed to mention Netherlands is low cooperation tax country ...EU states all have different tax laws

UK can under cut them if it wants
11/02/2021 15:35:02 8 0
bbc
Andrew Bailey is simply putting on a brave face. He supported Brexit (one of the reasons Boris gave him the job), but now he can see what a dogs dinner it is.

Doubt he'll ever admit it though. Boris would fire him.
11/02/2021 15:42:57 0 0
bbc
What makes you think the banks will not find a way to make money out of this?!
11/02/2021 18:40:25 0 3
bbc
No it isn't, Robin Hood do share trading, are we going to panic over them too? Take a deep breath and calm down, the EU is in a strop over the vaccine, either they calm down or eventually the UK will start responding in kind, then Ursula will get another smack across the wrist.
11/02/2021 22:56:54 0 1
bbc
It's not disastrous. It is a storm in a teacup. It will make diddly squat of a difference. Thank goodness you are not running the UK financial sector.
69
11/02/2021 10:56:37 6 23
bbc
"London would "undoubtedly continue as one of the world's leading if not the leading financial centre" - Andrew Bailey

BBC chose yet another pro-EU agenda.
72
11/02/2021 10:58:12 4 3
bbc
Surely that's a pro-UK statement from Bailey.
148
11/02/2021 11:19:58 2 2
bbc
Course it is - a pro-UK statement by Andrew Bailey published in a BBC article.

That poster doesn't even understand what it's posting any more.

Mind you, many of these Quitters would find fault with the speaking clock if it didn't unequivocally back Brexit, such is their slavish delusion.
70
11/02/2021 10:57:14 13 15
bbc
London has gone from the financial hub to the financial snub thanks to the xenophobes.
73
11/02/2021 10:58:28 9 20
bbc
"London would "undoubtedly continue as one of the world's leading if not the leading financial centre". - Andrew Bailey
83
11/02/2021 11:00:22 1 7
bbc
So you agree with bankers when it suits you and criticise them when you don't.

Any hyperbole will do for Brexiteers. Don't worry, Bojo will tell you that London s world beating so you can sleep tight in your Union Jack duvet set.
74
11/02/2021 10:58:38 6 11
bbc
Hold your ground Governor, and tell the EU to b####r off!
38
11/02/2021 10:49:10 13 10
bbc
Brexiteers thought you can eat your cake and have it.

Complaining about fishing and the border on the irish sea which no British PM could agree with.

Bot Johnson put a border on the Irish sea, ??????
75
11/02/2021 10:51:33 2 2
bbc
Do you see the rest of the UK complain or just the DUP?
8
11/02/2021 10:38:51 8 5
bbc
Or you know, they can accept our standards are equivalent to theirs without dictating that we have to follow the exact same rules. You know, like how it works with every other trade deal in the world.
76
11/02/2021 10:58:57 5 3
bbc
You really have missed the point. The EU is much bigger than the UK, and they can set the rules on how business is conducted in THEIR countries.

Just like the UK can set the rules on how business is conducted here.

If WE do not follow their rules, we cannot trade with them.

If THEY do not follows our rules, they cannot trade with us.
621
11/02/2021 13:21:50 2 2
bbc
Not really, we can both have our own sets of rules, we can both agree that they are of a high standard and offer similar protections etc. without the EU saying you must do this. In financial service at the moment a lot of business will be done with the US at the moment. The US recognise our standards as being good, without making us pass specific pieces of legislation.
11/02/2021 14:57:20 1 2
bbc
yet they are quite happy allowing dealing from exchanges with lower standards than ours without making them adhere to eu rules
59
11/02/2021 10:54:37 10 14
bbc
Unbelievable to see the same Remoners on this HYS, spewing the same hate speech for their own country.

We understand you loath The UK and would love to see it fail. You don't need to be reminding everyone that each opportunity you get.
77
11/02/2021 10:59:18 11 3
bbc
You voted for this to happen - I didn't.

The EU and the City told you this would happen, you chose to ignore them.

The EU aren't doing this because they "loathe the UK", remainers aren't pointing it out because they "loathe the UK".

Your vote caused it to happen because you "loathe the EU".

This is where your hate gets you - poorer!
115
11/02/2021 11:08:32 0 2
bbc
No, leave spent too much time slurring anyone who dared not to toe the line.
78
izi
11/02/2021 10:59:27 566 148
bbc
Brexit voters were not experts on the economy and governance of the country. They were simply naïve people who believed the lies of opportunists and populists. So they voted on emotion. The fallout of which highlights one very important aspect: We lack the correct education as a nation. The next thing that will be impacted by this critical factor is our environment (aka 'climate change').
104
PS
11/02/2021 11:06:19 253 504
bbc
Are you suggesting that Remoaners were experts on the economy & governance? I suspect there agenda was to have an easy "middle class" life enjoying their 2nd homes in France.
135
11/02/2021 11:14:30 28 122
bbc
izi, I'm so glad not to know someone like you. Too clever for yourself no doubt?
If you don't like the UK I suggest find a country in the EU you do like.
Please leave if you have nothing to contribute.
727
11/02/2021 13:33:24 11 3
bbc
"We lack the correct education as a nation". Correct, we are brainless, just look at all the covidiots.
11/02/2021 14:55:08 0 6
bbc
I think it is remainers like you have fail to understand the strength of the city, return here in 6 months and make your reverse comments then
11/02/2021 14:56:58 1 1
bbc
you are clearly no expert on the economy

BBC article failed to mention Netherlands is low cooperation tax country ...EU states all have different tax laws
71
MVP
11/02/2021 10:57:41 281 60
bbc
This is potentially disastrous for the UK. We have a service economy which has the City of London and the international banking sector at its core.

And I really do not like how Mr Bailey is being so cavalier about this.
79
11/02/2021 10:59:56 147 366
bbc
Rubbish. The City of London has existed long before the EU even existed. Paris and Frankfurt compete with the expertise in the square mile? Not a chance.

Brussels living in another parallel vaccine world!
263
11/02/2021 12:03:36 41 7
bbc
Rubbish, the City of London suffered along with the rest of the economy in the 70s which resulted in the UK joining and remaining in the EU. Arguments that things worked before we joined aren't the same as the effect we feel leaving, they are at best indicative of what might have been had we not joined
477
11/02/2021 12:57:02 40 5
bbc
That the City of London existed long ago doesn't bring or guarantee eternal prosperity. This news is proof.
844
11/02/2021 13:43:33 30 4
bbc
The EU didn't exist, but now it does, and has done for some time - it's only a matter of time before more financial experts are relocated to the EU where there's more money to be made and closer links with the leading players. We have a problem, one that was entirely predictable. Let's hope we can find a solution.
11/02/2021 13:59:26 19 1
bbc
I think Paris and Frankfurt may have also existed before 1957.
11/02/2021 14:01:03 27 2
bbc
But pre-Thatcher, I believe, it was not such a large factor in the Economy as a whole. We actually had a production base, until Maggie turned the UK economy into a service economy.
11/02/2021 14:25:36 15 1
bbc
The uk had the worlds second biggest car industry in 1950.
11/02/2021 14:28:51 13 3
bbc
Sadly, this is the level of analysis we're used to from people who continue to see Brussels as The Bad Guy. Probably 'reads' the Express.
11/02/2021 14:59:56 9 0
bbc
Well the City may have existed. But not as a financial hub for Europe. Definately this was leveraged by EU membership
11/02/2021 15:14:23 7 0
bbc
Wake UP. It's a bad dream oh no It's "Project Truth"
11/02/2021 15:40:35 7 0
bbc
It has, but the days when we were the superior economic/political power are long gone. No longer can we dictate where people trade.
11/02/2021 15:45:45 8 0
bbc
Yes that's it. In the end a delusional belief in Britain's exceptionalism will defeat the hard reality of Brexit's economic consequences.

Pam
11/02/2021 16:10:34 4 1
bbc
Times change!
11/02/2021 16:15:28 0 3
bbc
well said
11/02/2021 16:43:29 4 0
bbc
Brexiteers are like Captain Brown in the old song, playing his ukelele as the ship goes down.
11/02/2021 17:01:31 0 3
bbc
The city existed before most of the EU’s satalite states (counties) even existed, Germany Belgium etc
11/02/2021 17:28:04 1 1
bbc
"Rubbish. The City of London has existed .... "

Hello?? 21st Century?? Things have changed a bit across the industry since the EU came into being

BTW You really need to learn when to use the past tense and when to use the present perfect, Vlad ....
ET
11/02/2021 17:36:02 1 0
bbc
Would you like to go back to the gold standard?
11/02/2021 17:39:31 2 0
bbc
London will just drop standards and allow more money laundering to compete, I guess.
11/02/2021 18:08:41 2 0
bbc
What you seem to have missed is that the expertise you talk about is busy buying flats in Amsterdam, Frankfurt and Paris and will soon all be gone, these guys follow the money and the money is leaving
11/02/2021 19:09:16 1 0
bbc
Wasn't Amsterdam the lead share trading nation before the City of London?
11/02/2021 19:30:28 0 0
bbc
Yeah, they live in fear of Admiral Nelson.
11/02/2021 19:46:03 1 0
bbc
Denial. Brexiteer stock in trade. I've got bored of saying I told you so. Still, thanks for the help with my pension investments. I somehow knew moving it all offshore before December 2020 would work out well.
12/02/2021 02:22:57 1 0
bbc
Former glory is no guarantee of future success.
The City of London has already lost large quantities of business and expertise.
The problem with financial services is that they can relocate very easily.
SJ
12/02/2021 23:58:59 0 0
bbc
Expertise ? It's share trading, not rocket science.
80
11/02/2021 11:00:01 547 68
bbc
Johnson didn't include finance in his deal. He was too busy 'getting brexit done' to notice that it was missing.
110
11/02/2021 11:07:05 382 59
bbc
I know financial services contribute £132bn to GDP, but why doesn’t the BBC mention that we’ve got a world beating fisheries deal?
175
11/02/2021 11:28:39 21 2
bbc
Spot on.
197
11/02/2021 11:35:33 65 2
bbc
Boris was true to his word.

He said f*** business.
617
11/02/2021 13:21:16 24 1
bbc
He never read it, my friend
854
11/02/2021 13:44:05 1 15
bbc
You don't know what your talking about!
11/02/2021 14:00:37 20 2
bbc
Along with the "Non-Boarder" in the Irish Sea.
11/02/2021 14:32:35 9 1
bbc
he was too busy working out how best to completely screw the fishing industry which he accidentally convinced to vote for a brexit he never actually wanted. remember him coming out the morning of the result looking like a ghost?
11/02/2021 14:43:12 4 1
bbc
I believe he genuinely didn't consider it to be a possible danger. Arrogance can be fatal.
11/02/2021 14:46:29 4 1
bbc
Not forgetting all the other service industries. I bet they are looking forward to BJs news in April.
11/02/2021 14:56:01 0 2
bbc
Its ok UK can cut tax levels for business to compete. Netherlands has low taxes
11/02/2021 15:37:33 0 2
bbc
It was OUR choice not to include financial markets. The EU wanted some control and we said no. They know how profitable it is. Now they are just acting up.
11/02/2021 17:34:20 0 0
bbc
He didn't include any services, but then it's only 80% of UK's GDP, or, at least, it was. By time he has halved the sector he'll know he was right. Who was who said f..k business?
11/02/2021 19:24:10 0 0
bbc
Now, there was never a deal possible, free movement of services comes only with free movement of citizens ,that has been repeated ad nauseam.
There will be no financial deal.
11/02/2021 19:34:44 0 0
bbc
What? you mean he didn’t sacrifice the livelihoods of fishermen in order to protect the lucrative financial services?
The idioyt never read the deal, he wasn't interested in it. Tory dogma over economic reality, never mind he got to shag somebody young enough to be his daughter! Removed
12/02/2021 18:29:58 0 0
bbc
"f"ck business"
70
11/02/2021 10:57:14 13 15
bbc
London has gone from the financial hub to the financial snub thanks to the xenophobes.
81
11/02/2021 11:00:14 1 1
bbc
Obviously never worked in the City!
82
11/02/2021 11:00:20 9 11
bbc
The more difficult the EU try to make it for the financial services industry, the more likely they are to see 'Singapore en Manche' on their doorstep.
90
11/02/2021 11:03:03 6 8
bbc
And the sooner the better
73
11/02/2021 10:58:28 9 20
bbc
"London would "undoubtedly continue as one of the world's leading if not the leading financial centre". - Andrew Bailey
83
11/02/2021 11:00:22 1 7
bbc
So you agree with bankers when it suits you and criticise them when you don't.

Any hyperbole will do for Brexiteers. Don't worry, Bojo will tell you that London s world beating so you can sleep tight in your Union Jack duvet set.
68
11/02/2021 10:56:23 31 88
bbc
They've offering far better terms to all other 3rd countries e.g. Brazil, Hong Kong, Australia, US, Switzerland. This is simple vindictiveness and aggressive market capture. The EU and EU individual countries esp France are not our allies. We should stop referring to them as that and call out the nonsense of e.g. Macron referring to Britain as its ally when they're bent on doing us so much harm.
84
11/02/2021 11:00:43 73 12
bbc
Most of these countries do not sit only few miles across the water but are separated by oceans. Funny you should mention Switzerland: are you advocating us re-introducing freedom of movement?
873
11/02/2021 13:46:09 0 6
bbc
Ah, geographical discrimination then?

What is another word for that I wonder?
70
11/02/2021 10:57:14 13 15
bbc
London has gone from the financial hub to the financial snub thanks to the xenophobes.
85
11/02/2021 11:00:52 7 1
bbc
Ahh, your usual xenophobe comment.
That's one of your classics in your top 10 soundbites
57
11/02/2021 10:54:08 7 5
bbc
'Signs' but nothing concrete yet. So no news really.

I await to see how talks progress before commenting further.
86
11/02/2021 11:01:01 16 4
bbc
Amsterdam just passed London's share trading volumes, it's already happened, (unless you think the front page of the FT today is just another "sign").
87
11/02/2021 11:01:36 4 6
bbc
The EU will only agree to global governance if it allows them to put up a protectionist wall around their own financial centres.
36
11/02/2021 10:48:36 262 370
bbc
Share dealing online exceeds that done in Amsterdam, though
88
11/02/2021 11:02:15 56 8
bbc
Share dealing is actually not "on-line". You click online and the company buys it for you.
11/02/2021 14:57:57 5 0
bbc
Yes. Mostly likely now, that'll be a Dutch company.
11/02/2021 16:27:22 0 3
bbc
.."and the company buys it for you...."

And how do they do that, pray tell?

I think you will find they do that. ..... online.

I think the days of men in brightly coloured coats running around with slips of paper went out, oh, let me see, about 30 years ago.

I should know. I helped build some of the systems
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
89
11/02/2021 11:02:44 36 7
bbc
Which ones and how? back it up
82
11/02/2021 11:00:20 9 11
bbc
The more difficult the EU try to make it for the financial services industry, the more likely they are to see 'Singapore en Manche' on their doorstep.
90
11/02/2021 11:03:03 6 8
bbc
And the sooner the better
59
11/02/2021 10:54:37 10 14
bbc
Unbelievable to see the same Remoners on this HYS, spewing the same hate speech for their own country.

We understand you loath The UK and would love to see it fail. You don't need to be reminding everyone that each opportunity you get.
91
11/02/2021 11:03:21 1 2
bbc
You have just stated, unless everyone believes your reality, then they hate the UK.

Far from it - we love our country, and we had the ability to think a few steps ahead of the Brexit decision.

It does not make you pro-EU for knowing that Brexit will cripple the UK financially, more than staying in the EU.

It is simple logic.
32
11/02/2021 10:47:02 203 732
bbc
Other Third countries get more respect
proving this is EU sour grapes.
92
11/02/2021 11:03:27 65 11
bbc
A government ready to break international law...

means you are not worthy enough to do business with...
124
11/02/2021 11:10:45 22 7
bbc
Whom are you talking about? Both parties have used Article 16 as a bargaining tool. They have both been wrong. We can at least agree on that.
883
11/02/2021 13:46:57 2 6
bbc
Mate, the EU did a U-turn on that so don't be too hard on them.
93
11/02/2021 11:03:54 7 20
bbc
"UK could cut EU from it's financial markets"

Fixed that for you Auntie.
113
11/02/2021 11:07:34 3 3
bbc
Fun fact: The EU is a much bigger economic entity than the UK.
94
11/02/2021 11:04:19 5 5
bbc
I *could* win the lottery too.
162
11/02/2021 11:17:02 1 1
bbc
The odds don't look to be in your favour though...
59
11/02/2021 10:54:37 10 14
bbc
Unbelievable to see the same Remoners on this HYS, spewing the same hate speech for their own country.

We understand you loath The UK and would love to see it fail. You don't need to be reminding everyone that each opportunity you get.
95
11/02/2021 11:04:21 1 1
bbc
It's all they have.
Still won't move on - poor souls
36
11/02/2021 10:48:36 262 370
bbc
Share dealing online exceeds that done in Amsterdam, though
96
11/02/2021 11:04:31 27 6
bbc
And your point is?
42
11/02/2021 10:50:18 8 13
bbc
The EU absolutely NEED access to the UK financial markets to finance their massive and increasing debt, if they want to play hardball they will be the losers in this. London IS the financial hub of the whole world due to it's language, time zone etc. and will always be so.
97
11/02/2021 11:04:55 0 2
bbc
Financial products and centres develop where the markets are, this month (for the first time ever) the largest share trading volume in Europe was Amsterdam not London. London (it turns out) was doing pretty well out of the EU, now it will have to adjust, which will cost money and take time, which is a shame because the 11% of UK tax it paid would have been useful in our COVID recovery
38
11/02/2021 10:49:10 13 10
bbc
Brexiteers thought you can eat your cake and have it.

Complaining about fishing and the border on the irish sea which no British PM could agree with.

Bot Johnson put a border on the Irish sea, ??????
98
11/02/2021 10:57:38 0 1
bbc
why you crying at each comment?
70
11/02/2021 10:57:14 13 15
bbc
London has gone from the financial hub to the financial snub thanks to the xenophobes.
99
11/02/2021 10:58:33 1 1
bbc
Now that is a real badge of honour - thanks!
100
11/02/2021 11:05:24 5 3
bbc
The contradictions of Brexit must be apparent, even to Andrew Bailey. We cannot leave the EU with the argument that we want to set our own (different from the EU's) rules and then object when the EU makes it difficult to access their markets. It seems we still believe in having our cake and eating it. Brexit might provide new opportunities but it also means the loss of business we took for granted