New EU Treaty - a good deal or not?

I think things have changed now we’re in the middle of a pandemic. A lot of compromises must be made.

I can’t see how it meets the Labour red line list though.

Actually not all UK banks are closing to migrants in the EU. Ours is fine, I have only heard of a couple ending services.

^ but it doesn’t really make sense for UK banks to have retail accounts overseas.^

It's not just banks offering retail services in the EU/EEA, though, is it, David0205?

Unfortunately the populist narrative continues though with the danger of continued division, and a prime minister who lies and who can’t be trusted not to mislead the public.

Lies must be called out, regardless of your party loyalty.

varian yes I think that has a good deal of truth.

Not angry and bitter. We (my family) won’t be affected as much as others and my children and grandchildren can retain EU citizenship and the right to freedom of movement. Just saddened for those who have lost more and sorry that the country will become poorer. Worried for Northern Ireland. Disgusted by the populist narratives that accompany Brexit (& will be with us as those Brexiteers in charge try to sell the new British identity (boak). Those unpleasant narratives have always been around though. They’re just more mainstream now.

GrannyGravy13

Nezumi65

Loss of passporting won’t have an immediate impact because British banks have already moved a thousands of jobs to the EU. I suspect more will follow. The slow puncture scenario.

Many European banks have applied for licenses to trade in London also.

The rules on passporting are not known yet because HSB and Santander, both foreign, have not made changes yet, but it doesn’t really make sense for UK banks to have retail accounts overseas.

Martin Wolf, writing in the FT refers to "A deal to end the Brexit delusions"

After four and a half painful years, we have reached the end of the beginning of Brexit. We have a deal. It is, inevitably, a damaging deal for the British economy compared with remaining inside the EU. But it is far better than the stupidity of no deal. Above all, it maintains a working relationship with the UK’s close neighbours and principal economic partners.

No responsible government would leave mere days for businesses to adjust to the complexities of this new situation. Still less would it do so in the midst of a pandemic. This will remain a foolish and unnecessary divorce. But the reality of Brexit may even bring some benefits.

The EU should already seen some. It would almost certainly have been unable to agree its €750bn pandemic recovery fund if the UK had remained at the table. From now on, the EU will be able to move faster towards its shared objectives.

For the UK, too, Brexit will bring the big benefit of separating reality from delusion.

Some delusions have already disappeared. Brexiters told the country that it would be easy to secure an excellent free trade agreement with the EU, because it held “all the cards”. In fact, it has proved quite hard to do so and the UK has had to make difficult concessions since 2016, notably over the money it owed the EU, the Irish border, and EU demands for a “level playing field”.

www.ft.com/content/63e62ff5-8f06-42ef-8cf1-ecd977862beb

It's a shame you don't understand what democracy is all about. It's not just about a vote. It's about government of all the people too, not trampling over their rights and feelings

Oh like David Cameron growstuff? He announced his resignation when the Remain vote didn’t go his way.

I remember my husband saying ‘thanks Dave, you obviously weren’t interested in the rest of us!’. Only wanted to be P.M. of those who voted his way.
?

So am I right in thinking this is more or less May’s deal? Give or take?

Apparently the Partnership Councils decision are as I said binding, but what I didn’t appreciate is that U.K. parliament only has the right to be informed.

I think it’s very sad that some remainers will spend the rest of their lives angry & bitter over leaving the EU.
What a waste of energy.
Leave it to the politicians to argue over every detail ( that’s what they’re paid for ) & just get on with your life ( what’s left of it )
I doubt Michel Barnier worry’s this much about Brexit as some of you lot.

Interestingly the terms are to be revisited every 5 years, which hilariously complies with the cycle of the commission and parliament. So 2026, just right for the next government.

It is clear that this will continue to figure heavily in political party manifesto’s for decades to come.

That was in reply to growstuff

I understand democracy thank you very much!!!!

Nezumi65

Loss of passporting won’t have an immediate impact because British banks have already moved a thousands of jobs to the EU. I suspect more will follow. The slow puncture scenario.

Many European banks have applied for licenses to trade in London also.

It is very clear that Brexit is no-where near done as many are claiming. In fact it is more not done than done and successive governments will be saddled with this for decades.

Can anyone explain to me, how taking back sovereignty squares with the deals agreement to comply with EU law in order to trade without tariffs?

The second question is that does anyone think the much advertised getting rid of bureaucracy and red tape, squares with the minimum cost of £7bn to business in customs paperwork etc.

Loss of passporting won’t have an immediate impact because British banks have already moved a thousands of jobs to the EU. I suspect more will follow. The slow puncture scenario.

EU implode, don’t be ridiculous the rich economies have been propping up the weak ones for very good reasons, preventing future conflict is one the other is to sell them everything they produce. Germany is the strongest economy for a very good reason, it spends the most on supporting other states, it’s not always popular at home because they need migrant workers to achieve that.

Don’t forget very little of the UK economy is UK owned a very large slice is EU owned, we have been particularly bad at retaining possession of our industries, selling them off for a quick buck.

“ waltzed back into government with a massive majority"

I think you’re meant to say “stonking” majority and follow it with several exclamation marks?

Lucretzia

But what can anyone do about it, varian?

It doesn't matter how many polls there are saying people regret their vote.

What's done is done.

Yes, let them own it, but there's no reason why others should accept the values underpinning it.

Passporting Financial services, it rather looks that it’s more of an issue to Expats who cannot continue with UK bank accounts, having to change to a local one. UK banks can apply for a Licence to operate in any EU state but then they have to comply with EU rules.
A major incentive for Brexit was not having to comply with the latest EU money laundering rules, and I’m sure the City will take full advantage of that, you can’t have it both ways.

The EU won’t implode either. a) it’s about far more than trade to much of Europe & b) they’ll look at what happens here.

GrannyGravy13

Oh and by the way I will never apologise nor should anyone in the free world for exercising their democratic right to vote for whom they want ?

It's a shame you don't understand what democracy is all about. It's not just about a vote. It's about government of all the people too, not trampling over their rights and feelings.