Unintended consequences of brexit

Definitely tactical Jalimal.

There is factual information relating to the last two years and we can see that the UK economy has fared much worse than other EU countries since the referendum

So pleased you asked, whilst I have no inside info (I am only an ageing Gran) I do watch Ian King on sky, and read as much as I can. Here is the Ian King report and doubts the motives of the announcements made by the EBA. He also reports the counter to the EBA from the Bank of England:

Ian King
Business presenter

"There are two ways to look at the warning from the European Banking Authority that some financial institutions are unprepared for a hard Brexit and need to be.
One is that this is a straightforward, common-sense piece of advice.
The possibility of a hard Brexit is certainly increasing as the Irish border issue, in particular, looms ever larger as a stumbling block. Supporters will argue that the EBA, which seeks to promote financial stability across the EU, is merely pointing that out and reminding the sector that even a transition deal is by no means guaranteed.
The other is that this is a cynical intervention calculated at undermining the City and Canary Wharf and at persuading banks and other financial services institutions to move more of their staff away from the UK to Paris, Frankfurt, Dublin and other locations.
:: Banks not prepared for no-deal Brexit
The EBA will say that, in reminding banks that they must have sufficient numbers of staff at their new operations to ensure continuity of operations after Britain leaves the EU in March next year, it is merely repeating the warnings of others.
For instance, this warning comes just days after Joachim Wuermeling, a member of the board of the Bundesbank, Germany's influential central bank, urged German banks to better prepare for a hard Brexit.
Yet the EBA's advice does rather read and feel like an effort to chivvy banks into moving more staff out of Britain and particularly because it contradicts what the Bank of England has been saying recently.
The Bank, which was not commenting on the EBA statement on Monday, made clear at the end of March that "it would be difficult", ahead of Brexit, "for all financial institutions to have completed all of the necessary steps required to mitigate the risks to the provision of financial services in the EU and the UK".

The Bank of England has told financial services firms there is no need to panic on the prospect of a hard Brexit
To that end Sam Woods, the Bank's deputy governor for prudential regulation and chief executive of the Bank's Prudential Regulation Authority, wrote to banks and other financial institutions, making this observation: "The Government has committed to bring forward legislation, if necessary, to create a temporary permissions regime to allow relevant firms to continue their activities in the UK for a limited period after withdrawal. In the unlikely event that the Withdrawal Agreement is not ratified, this provides confidence that a back-stop will be available."
That was a pretty clear signal to the financial services sector that, while it was important for them to prepare for Brexit, they need not panic about the prospect of Britain leaving the EU without a transition deal.
The EBA's statement on Monday looks like an attempt to undermine the Bank's previous advice and one has to wonder why.
Perhaps it is because it is some City institutions increasingly suspect the EU's own financial regulators are stalling on negotiations.
As Miles Celic, chief executive of The CityUK, the main industry body, said: "Financial services firms in the UK have had contingency plans in place for months.
"Our industry has had a constructive, ongoing dialogue with regulators and government. We have worked together to minimise the risk of disruption to clients and the wider economy.
"The single most helpful thing European authorities can now do right now is to engage urgently and seriously with the issue of contract continuity. The lack of progress by EU regulators on this vital issue is the most pressing item on the agenda."

If this has not been a deliberate attempt by the EBA to undermine the City, it is perhaps just a remarkable coincidence that Monday also saw a separate warning from the European Central Bank to banks looking to set up hubs in the eurozone that, if they did not have their licence applications in by the end of the month, it could not guarantee they would have their authorisations in place by the time of Brexit".

news.sky.com/story/european-banking-authoritys-brexit-warning-is-nothing-of-the-sort-11416615

Highly fallacious stuff coming out of an unprepared EU Banking system. The UK Banking system is ready for Brexit.

You will be thrilled to know that England did not win, but it does not make any difference, both teams went hrough. They could have drawn a straw really, but reasonable match.

Whart a stupid thing to say, Ally Implication being that Jura is unpatriotic?

Well, folks. I'm pretty good with horses. Are unicorns at all similar?

MaizieD, First, let Jura stand up for himself or herself. Second never, call me stupid, or anything I say stupid. You might not like it, you might disagree with it, but it will never be stupid.

Why you imply that Jura is unpatriotic from that comment is stretching it. I have no idea, why you should come up with unpatriotic I certainly didn't imply it or say it. You might have connected it to the thread at that time when I was being told off for not understanding how European he felt and the vicar felt and you felt etc. From that someone assumed and posted that he/she would want to watch it because it was Belgium or as someone said in error in their post Brussels, and that he/she because of this would like the match. I have no doubt that he or she is as patriotic as the Union Jack, Devon cream tea's, Lancashire cheese, Melton Mowbray pies, haggis, or leeks, or Yorkshire Tea. Unless you know something I don't and he flies the EU flag, but even that wouldn't be unpatriotic would it?

Its Donkeys I have trouble with.

Jura is actually Swiss and has been unhappy that we are leaving the EU, I don’t think ‘unpatriotic’ comes into it MaizieD you would need to be British by birth really for that to apply, and in any case nobody has said or implied it, you are simply stirring by saying this.

Allygran

Brid yes, there is much in what you say, we need to wait and see what actually happens ( a lot on GN just hate doing that though)
In my view, some short term pain would be worth the long term gain of making our own decisions on everything without consulting with 27 other countries who only have their own interests at heart and run by a bloated and often corrupt lot of bureaucrats in Brussels.
However, there may not be any pain, short or otherwise!

allyg You obviously didn’t get my joke to jura about England v Brussels.
Never mind. It wasn’t very funny anyway.

lemongrove, I am as British as you are.. and yes, I am Swiss too, and European to the core too. You see, there is no contradiction at all in that, not at all.

Switzerland is doing rather well in football ...thank goodness for freedom of movement hey ? The team is looked after so well by ‘my’ little physio from Guadaloupe too, who is as Swiss as I am. BTW, our new Maire and Council leader is ... Belgian, and his second in command French... and his predecessor a Vicar from Istanbul (with Swiss nationality though) ... nationality is not half as important as citizenship and integration.

You would have to be British by birth ?!? what an incredible statement, truly ??

This page has been circulating round some other forums. The Home Office is trying to separate already. All of us are at present EU citizens as well as UK ones. This entitles us to register here

gov.smartwebportal.co.uk/homeoffice/public/webform.asp?id=67&id2=627DF7

Which means the number registering should be in the millions, let's see how many we can get.

Very interesting yggdrasil. Thanks for the link.
I’ve registered now.
I always find it confusing when people talk about EU citizens rights - as you say, we (in the U.K.) are all EU citizens.

Jura: "nationality is not half as important as citizenship and integration."

I believe that nationality is just as important as citizenship and integration.

Lemongrove, thanks for the information that explains a lot.

Jura, you say you are as British as Lemongrove.
Not wishing to perpetuate this discussion for too long, however, I am interested to know how you came to this conclusion. By what measurement do you justify your statement "lemongrove, I am as British as you are.."?
It may have been a throw away statement, I realise that, but if it wasn't I would like to understand how you came to that conclusion.

Oh dear

Of course you are not as British as me Jura since I am British by birth not citizenship.Which means I grew up here, immersed in British history and culture, with British ancestors.You married a British man and have dual citizenship but were born and grew up in Switzerland.
Sorry, that doesn’t make you as British as me at all.
If I had married a Swiss man it wouldn’t make me as Swiss
As you.

We are all European to the core since Britain is part of Europe.

jura2
I'm surprised at your proud claim to be British when you find so much wrong with our wonderful country

I agree Fennel. We don't have to justify ourselves for being British, or any other natonality, if others feels British, European and Swiss, that is fine, no need to justify that either. That is great. Equally though, feeling British is OK too and others should not try to make it seem that it is wrong to feel British.

Using nationality to qualify an argument is not helpful, Brexit is not about individual choice, it is about a system of control and Governance that is unelected, unwanted. The UK has chosen to regain sovereign control, free trade and unrestricted Parliamentary democracy. This Country has a proud history of welcoming all and that will not change. Controls will simply mean that visa's will be required, just as going to and from any other non EU Country.

The 'unpatriotic" remark which triggered this, was unhelpful and dragged us into this fallacious Brexit discussion. Some would like nationalism to be an issue in Brexit, but it simply isn't. Lemongrove is right about previous threads about 'unpatriotic' claims, it is "simply stirring things up".

I should add that when I say "Brexit is not about individual choice", in the previous post, I should qualify this by saying It means and should read, "Brexit is not about individual choice of Nationality.