OFFICIAL Brexit Thread

All things Rugby
User avatar
message #2527204
Posts: 10807
Joined: Tue Jan 31, 2012 11:05 am
Location: Ultracrepidaria

Re: OFFICIAL Brexit Thread

Post by message #2527204 »

YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
As I said, they are stamping their feet and threatening financial upheaval across Europe. This was always planned for later in the talks, but has been moved forward.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1


:lol: , this is hilarious as empty threats go. For your info they’d have to instruct this (and pass laws etc ) by the end of September, otherwise swaps would be in the “illegal” third country on Jan 2nd.
Last edited by bimboman on Wed Sep 16, 2020 6:40 pm, edited 1 time in total.
User avatar
camroc1
Posts: 39906
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by camroc1 »

YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

Looks like to avoid market disruption Brussels has allowed London can keep this financial service into 2021. It definitely should be moved away from London/UK.
Brussels had said it would grant Britain "time-limited" access to euro derivatives clearing from January to avoid huge disruption to markets.
https://www.google.ie/amp/s/www.rte.ie/amp/1165269/
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.


:lol: , financial business has never been attracted by “more” regulation.

The EU I’m fairly certain won’t be “setting up” anything , unless the final transfer of power to the ECB goes ahead. Other wise domestic regulators and central banks would have to do.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 6:41 pm Looks like to avoid market disruption Brussels has allowed London can keep this financial service into 2021. It definitely should be moved away from London/UK.
Brussels had said it would grant Britain "time-limited" access to euro derivatives clearing from January to avoid huge disruption to markets.
https://www.google.ie/amp/s/www.rte.ie/amp/1165269/


They seem to be ignoring that anyone can write a “euro derivative” anywhere in the world.
User avatar
message #2527204
Posts: 10807
Joined: Tue Jan 31, 2012 11:05 am
Location: Ultracrepidaria

Re: OFFICIAL Brexit Thread

Post by message #2527204 »

camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
We have their fish, and now we know their plan ... negotiating in good faith my arse.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
Yes just read that after my initial report. Read the initial report over the weekend. That’s going to be a kick goolies for the City of London and UK.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 6:44 pm
camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
Yes just read that after my initial report. Read the initial report over the weekend. That’s going to be a kick goolies for the City of London and UK.

The city and international trading will have a couple of years to adjust and compete. Though you seem very sure of trouble for the UK , can you give a bit of detail on why?
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

What will happen is London will carry on as normal and the end of day balances where required by regulation will be “compressed “ into the EU. Pain in the butt and expensive for European banks Is all.


And of course some “regulator arbitrage “. :o
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

bimboman wrote: Wed Sep 16, 2020 6:43 pm
YOYO wrote: Wed Sep 16, 2020 6:41 pm Looks like to avoid market disruption Brussels has allowed London can keep this financial service into 2021. It definitely should be moved away from London/UK.
Brussels had said it would grant Britain "time-limited" access to euro derivatives clearing from January to avoid huge disruption to markets.
https://www.google.ie/amp/s/www.rte.ie/amp/1165269/


They seem to be ignoring that anyone can write a “euro derivative” anywhere in the world.
I read somewhere over the weekend that New York has the scope to take over from LCH’s. Separately Frankfurt took a legal case a few years ago claiming that since London/UK it was not Euro currency country that the service should not be allow provide this service. Lost the case mainly because the UK was in the EU then.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 6:50 pm
bimboman wrote: Wed Sep 16, 2020 6:43 pm
YOYO wrote: Wed Sep 16, 2020 6:41 pm Looks like to avoid market disruption Brussels has allowed London can keep this financial service into 2021. It definitely should be moved away from London/UK.
Brussels had said it would grant Britain "time-limited" access to euro derivatives clearing from January to avoid huge disruption to markets.
https://www.google.ie/amp/s/www.rte.ie/amp/1165269/


They seem to be ignoring that anyone can write a “euro derivative” anywhere in the world.
I read somewhere over the weekend that New York has the scope to take over from LCH’s. Separately Frankfurt took a legal case a few years ago claiming that since London/UK it was not Euro currency country that the service should not be allow provide this service. Lost the case mainly because the UK was in the EU then.

NY will take more Euro derivative business than Frankfurt if the city fails.

Here’s a question though, how did “Frankfurt” bring a court case ?
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

bimboman wrote: Wed Sep 16, 2020 6:46 pm
YOYO wrote: Wed Sep 16, 2020 6:44 pm
camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
Yes just read that after my initial report. Read the initial report over the weekend. That’s going to be a kick goolies for the City of London and UK.

The city and international trading will have a couple of years to adjust and compete. Though you seem very sure of trouble for the UK , can you give a bit of detail on why?
“An independent report conducted by EY for the London Stock Exchange last autumn said up to 83,000 clearing jobs could be lost in a worst-case scenario over the next seven years.
And Mr Rolet warned last year that at least 100,000 UK jobs would be at risk - in areas such as risk management, compliance, middle office and back-office support functions.”

Doesn’t look like great news for London to me.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 6:55 pm
bimboman wrote: Wed Sep 16, 2020 6:46 pm
YOYO wrote: Wed Sep 16, 2020 6:44 pm
camroc1 wrote: Wed Sep 16, 2020 6:38 pm
YOYO wrote: Wed Sep 16, 2020 6:32 pm The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement.

Without legal certainty of access to the EU, the LSE’s clearing unit LCH must give its clients in the bloc three-months’ notice to move billions of euros worth of swaps positions out of Britain.

https://www.reuters.com/article/britain ... SL8N2GB3R1
The latest is that they will give banks in London until 2023 to move clearing to an EU centre. The delay is to allow the EU and the various centres set up the appropriate supporting infrastructure.

And the banks will comply. They won't fúck around with EU regulators.
Yes just read that after my initial report. Read the initial report over the weekend. That’s going to be a kick goolies for the City of London and UK.

The city and international trading will have a couple of years to adjust and compete. Though you seem very sure of trouble for the UK , can you give a bit of detail on why?
“An independent report conducted by EY for the London Stock Exchange last autumn said up to 83,000 clearing jobs could be lost in a worst-case scenario over the next seven years.
And Mr Rolet warned last year that at least 100,000 UK jobs would be at risk - in areas such as risk management, compliance, middle office and back-office support functions.”

Doesn’t look like great news for London to me.


I didn’t ask the general report, I asked you why these jobs would be lost in London.

In somewhat ironic with this post, Mr Rolet has just lost his job.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

Not my sector bimbo but I could probably argue away with you with some decent come backs. You’d just have give me 2 minutes. :lol:
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

It was 2016.

https://www.cityam.com/moving-euro-clea ... an-200000/


You’re a slow reader I guess.
Sawtooth the Beaver
Posts: 362
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by Sawtooth the Beaver »

Sawtooth the Beaver wrote: ↑16 Sep 2020 16:52
Trying to catch up on this thread after a few hours away. It would seem that we are going through this whole shit storm because the EU does not have an exact equivalent as the private members bill, but it is fine and dandy for the UK parliament to enact legislation which is expressly against the wishes of member countries.

Did I get that right?

It would seem UK Union democracy would be strengthened by a form of veto system for member countries. Is there a precedent for that?


Oh and no evidence of the actual truth behind he said/ she said regarding the contents of the Barnier/Frost meeting.

All evidence continues to point to Boris being either a liar and/or incompetent.
There is only one country.
Brexiteer in denial / unaware that Scotland is defined as a country under British Standards shocker.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

Why would the jobs be lost in London. Is it not obvious?
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:06 pm Why would the jobs be lost in London. Is it not obvious?


Well no not really. People instruct into the LCH from all over the globe..... what would happen in London for that many jobs to go?
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

bimboman wrote: Wed Sep 16, 2020 7:08 pm
YOYO wrote: Wed Sep 16, 2020 7:06 pm Why would the jobs be lost in London. Is it not obvious?


Well no not really. People instruct into the LCH from all over the globe..... what would happen in London for that many jobs to go?
Well you change over in a phased approach to manage the associated risk, I would have thought. Not like a lift and shift approach.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

“Clearing houses are a crucial part of the “plumbing” of the financial system. They act as middleman between buyers and sellers of derivatives – financial contracts tied to the underlying value of a share, index, currency or bond.”

You don’t want to upset the flow and you need your plumbers to keep the money flowing.

I’m sure it can be moved following a strategic phased approach.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:15 pm “Clearing houses are a crucial part of the “plumbing” of the financial system. They act as middleman between buyers and sellers of derivatives – financial contracts tied to the underlying value of a share, index, currency or bond.”

You don’t want to upset the flow and you need your plumbers to keep the money flowing.


Nope, still no wiser on how the “jobs” are lost, if anything the manual input required to keep flows going would be more not less employment.

Come on, a few reasons on the 83,000?
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

bimboman wrote: Wed Sep 16, 2020 7:18 pm
YOYO wrote: Wed Sep 16, 2020 7:15 pm “Clearing houses are a crucial part of the “plumbing” of the financial system. They act as middleman between buyers and sellers of derivatives – financial contracts tied to the underlying value of a share, index, currency or bond.”

You don’t want to upset the flow and you need your plumbers to keep the money flowing.


Nope, still no wiser on how the “jobs” are lost, if anything the manual input required to keep flows going would be more not less employment.

Come on, a few reasons on the 83,000?
I never said the job numbers required to keep the flow going would be less. :roll:
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

I got my abacus put and came up with this break down.

About 31,000 “core intermediaries" of banks, sales and trading desks and interdealer broker jobs could be lost. Another 18,000 could go in related professional legal and accounting services, 15,000 in wealth and asset management and 12,000 at technology providers.

As a caveat that number could rise above 200k due to a significant domino effect.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:24 pm
bimboman wrote: Wed Sep 16, 2020 7:18 pm
YOYO wrote: Wed Sep 16, 2020 7:15 pm “Clearing houses are a crucial part of the “plumbing” of the financial system. They act as middleman between buyers and sellers of derivatives – financial contracts tied to the underlying value of a share, index, currency or bond.”

You don’t want to upset the flow and you need your plumbers to keep the money flowing.


Nope, still no wiser on how the “jobs” are lost, if anything the manual input required to keep flows going would be more not less employment.

Come on, a few reasons on the 83,000?
I never said the job numbers required to keep the flow going would be less. :roll:

Well you put up this silly quote about what clearing houses are and do (BIff and Chip do futures trading?)

And my only question has been why will there be 83,000 job losses.?

You made the claim ffs.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:28 pm I got my abacus put and came up with this break down.

About 31,000 “core intermediaries" of banks, sales and trading desks and interdealer broker jobs could be lost. Another 18,000 could go in related professional legal and accounting services, 15,000 in wealth and asset management and 12,000 at technology providers.

As a caveat that number could rise above 200k due to a significant domino effect.

You’ve changed “would” for “could”.....

Also again you’re just listing professions . Have you any actual reason why these jobs would go.

FYI, most of the these jobs have been done by people “working from home” in the last 6 months, the whole process is electronic.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

Another set of posts demonstrating you’ve little grasp.


Come on, tell me about your fly always again.
User avatar
message #2527204
Posts: 10807
Joined: Tue Jan 31, 2012 11:05 am
Location: Ultracrepidaria

Re: OFFICIAL Brexit Thread

Post by message #2527204 »

Sawtooth the Beaver wrote: Wed Sep 16, 2020 7:06 pm
Sawtooth the Beaver wrote: ↑16 Sep 2020 16:52
Trying to catch up on this thread after a few hours away. It would seem that we are going through this whole shit storm because the EU does not have an exact equivalent as the private members bill, but it is fine and dandy for the UK parliament to enact legislation which is expressly against the wishes of member countries.

Did I get that right?

It would seem UK Union democracy would be strengthened by a form of veto system for member countries. Is there a precedent for that?


Oh and no evidence of the actual truth behind he said/ she said regarding the contents of the Barnier/Frost meeting.

All evidence continues to point to Boris being either a liar and/or incompetent.
There is only one country.
Brexiteer in denial / unaware that Scotland is defined as a country under British Standards shocker.
4 Nations, one country.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

The helpful quote was for the benefit of the non financial services patrons on the bored. That was all.
User avatar
camroc1
Posts: 39906
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by camroc1 »

There was at least one honourable man in the UK government, but then, he is a Scot.
“Dear Prime Minister,

"It has been a privilege to serve in your Government as Advocate General for Scotland and to serve your two predecessors in the same office.

"Over the past week I have found it increasingly difficult to reconcile what I consider to be my obligations as a Law Officer with your policy intentions with respect to the UKIM [United Kingdom Internal Market] Bill. I have endeavoured to identify a respectable argument for the provisions at clauses 42 to 45 of the Bill but it is now clear that this will not meet your policy intentions.

In these circumstances I consider that it is my duty to tender my resignation from your Government.

"Your Government faces challenges on a number of fronts and I fear that the UKIM Bill in its present form will not make these any easier.

"I wish you well in dealing with these issues.”
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

bimboman wrote: Wed Sep 16, 2020 7:36 pm Another set of posts demonstrating you’ve little grasp.


Come on, tell me about your fly always again.
Haha!!! :lol: :lol: :lol:
Didn’t I not already tell you this was not my field. This is the field you worked in for years and years. Knock yourself out.

I can’t believe you are still smarting over getting you ass smacked by me for the past few days.
User avatar
message #2527204
Posts: 10807
Joined: Tue Jan 31, 2012 11:05 am
Location: Ultracrepidaria

Re: OFFICIAL Brexit Thread

Post by message #2527204 »

camroc1 wrote: Wed Sep 16, 2020 7:38 pm There was at least one honourable man in the UK government, but then, he is a Scot.
“Dear Prime Minister,

"It has been a privilege to serve in your Government as Advocate General for Scotland and to serve your two predecessors in the same office.

"Over the past week I have found it increasingly difficult to reconcile what I consider to be my obligations as a Law Officer with your policy intentions with respect to the UKIM [United Kingdom Internal Market] Bill. I have endeavoured to identify a respectable argument for the provisions at clauses 42 to 45 of the Bill but it is now clear that this will not meet your policy intentions.

In these circumstances I consider that it is my duty to tender my resignation from your Government.

"Your Government faces challenges on a number of fronts and I fear that the UKIM Bill in its present form will not make these any easier.

"I wish you well in dealing with these issues.”
More 5th columnists. There's a lot of them about. Almost 50% voted to remain - greater proportion in Scotland.

A load of Remoaner doctors also said they'd resign during the pandemic.
Last edited by message #2527204 on Wed Sep 16, 2020 7:47 pm, edited 2 times in total.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

You interpret things in a strange way bimbo.

The 83,000 predicted job losses was determined by academics and experts in the field. Don’t blow your top bimbo. I can direct you to the people who determined the numbers if you like.
User avatar
message #2527204
Posts: 10807
Joined: Tue Jan 31, 2012 11:05 am
Location: Ultracrepidaria

Re: OFFICIAL Brexit Thread

Post by message #2527204 »

YOYO wrote: Wed Sep 16, 2020 7:44 pm You interpret things in a strange way bimbo.

The 83,000 predicted job losses was determined by academics and experts in the field. Don’t blow your top bimbo. I can direct you to the people who determined the numbers if you like.
Was it Herr Heinz Frankfurt?
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

Ok bimbo to make you feel worse I will answer you.
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

People from all over the globe would have to stop instructing into the LCH. Am I right?
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:41 pm
bimboman wrote: Wed Sep 16, 2020 7:36 pm Another set of posts demonstrating you’ve little grasp.


Come on, tell me about your fly always again.
Haha!!! :lol: :lol: :lol:
Didn’t I not already tell you this was not my field. This is the field you worked in for years and years. Knock yourself out.

I can’t believe you are still smarting over getting you ass smacked by me for the past few days.


The Aussie chase is getting on a bit now.


So shall we just accept that you posted about job loses lying about when the report was written and having no grasp of any part of it and move on ?
User avatar
YOYO
Posts: 16548
Joined: Sat Feb 04, 2012 7:44 pm

Re: OFFICIAL Brexit Thread

Post by YOYO »

Am I right??
iarmhiman
Posts: 38568
Joined: Tue Jan 31, 2012 11:05 am
Location: Dublin

Re: OFFICIAL Brexit Thread

Post by iarmhiman »

1/ Behind the scenes the third country listing or 'food blockade' row isn't quite so dramatic. The EU wants the UK to provide details of its post-Brexit animal and plant health (SPS) rules by the end of next month. The UK says it will, and they'll basically be the same as now.
2/ The EU wants this information so it knows the conditions under which its farmers will be able to export goods to the UK from January 1. This is a requirement for opening up its market to agricultural produce from Britain, and is demanded of every third country on the list.
3/ EU official says the UK has pledged to transpose the Official Control Regulation, which gives the Commission oversight powers along the agrifood supply chain, as well as EU rules on animal and plant health 'with modifications'. They're now waiting for the domestic legislation.
4/ They won't have long to wait. UK spokes says legislation to make the OCR operable in UK law will be put before Parliament next month. Adds: 'The UK is committed to maintaining the highest animal welfare and biosecurity standards. Our future rules will reflect this commitment.'
/ The EU will reserve judgement until it has seen the small print, in particular those modifications to its SPS rules. But if all is well the listing can be done in a matter of days. This is now settling down into a technocratic exercise, which is what it was always meant to be.
6/ One possible fly in the ointment is the extent to which the EU will press the UK on possible future changes to its SPS regime. Some here are nervous about the influence of talks with the US. The UK will resist doing so, saying it'll notify the EU in good time of any new rules.
After all the talks about threats to Northern Ireland food, thank God for some sense from the UK.

To summarise:

The Commission will have oversight on agrifood supply chain into the EU
If the UK wants to do a trade deal with US with regard to SPS , they have to notify the EU .

Some progress.
bimboman
Posts: 65140
Joined: Tue Jan 31, 2012 11:05 am

Re: OFFICIAL Brexit Thread

Post by bimboman »

YOYO wrote: Wed Sep 16, 2020 7:44 pm You interpret things in a strange way bimbo.

The 83,000 predicted job losses was determined by academics and experts in the field. Don’t blow your top bimbo. I can direct you to the people who determined the numbers if you like.

No, it was predicted by an accountancy firm at the request of the London Stock Exchange, the reports predictions have universally failed to actually come true regarding other issues in it.
Post Reply