Sunak calls in top City lawyers to help slash post-Brexit red tape!

Urmstongran

There is one major factor I believe as to why Paris will never rival London. Language.

US businessman and businesses dominate the financial World and the UK and US are united by a common language. Your average American businessman feels comfortable in a city where he understands everybody. He doesn’t want the hassle of negotiating frosty locals he can’t understand or who ‘will not’ speak English.

Time is money after all!

You do wonder then how Switzerland manages it??

We're on track to become the biggest money laundering country in Europe. Woo! Ain't Brexit Great!!!!

DaisyAnne

Dickens Mon 04-Apr-22 09:59:12

Sometimes I wish you didn't write as well and as comprehensively as you do . Sometimes I wish we all didn't have to face reality.

Like you, I am not particularly worried for myself but this will be the reality for our children and their children unless we find a way to turn it around.

Sometimes I simply wonder what on earth I can do.

Like you, I am not particularly worried for myself but this will be the reality for our children and their children unless we find a way to turn it around.

Yes, this.

They will have to become 'political' like our generation back in the 60s/70s. I've spoken to too many younger people who say things like, "oh, I'm not a political person, they're all the same", or "what's the point"... even one mid 30s young woman who said she had no interest in politics and didn't even know whether Boris Johnson was "Labour or Conservative" (I made her repeat it, because I didn't believe it either). Among the young activists, there's also an overwhelming apathy from far too many. Partly understandable, they're so bogged down with day to day living and running ever faster to stay in the same place, that it's easier to just flop in front of a screen or device and chat / relax with social media, etc.

But it won't do. No government or politician is going to bang the drum for their rights, they will - as always - have to be fought for. Governments court the young, their voice matters so they will have to use it - and much more. It's their future at stake. We've mad a hash of it and given them the worst government ever.

There are no benefits of Brexit. The regulations which Sunak is trying to discard were set up by UK as part of the EU.

growstuff Mon 04-Apr-22 11:56:37

It's a deflection growstuff. It is always a deflection. It must be getting more difficult as we see the promises of Brexit unravel. Hence the thin argument.

Dickens Mon 04-Apr-22 09:59:12

Sometimes I wish you didn't write as well and as comprehensively as you do . Sometimes I wish we all didn't have to face reality.

Like you, I am not particularly worried for myself but this will be the reality for our children and their children unless we find a way to turn it around.

Sometimes I simply wonder what on earth I can do.

Urmstongran

Yes but aiming for it and reaching it are two different things! I’m hoping that however it pans out the negotiations bring a desired effect.

What effects? Unregulated financial services? Dodgy companies dealing with your pensions funds and then disappearing? Sounds fab.

OMG! Do you honestly think English speakers can't learn French (or any other language)? Or that French financial markets couldn't operate in English?

Your "average American businessman" doesn't live in a global financial hub, but the people who do will almost certainly have learnt a foreign language as part of their education. Americans manage to trade with China and on the Japanese markets. I bet very few of them speak Mandarin or Japanese.

There is one major factor I believe as to why Paris will never rival London. Language.

US businessman and businesses dominate the financial World and the UK and US are united by a common language. Your average American businessman feels comfortable in a city where he understands everybody. He doesn’t want the hassle of negotiating frosty locals he can’t understand or who ‘will not’ speak English.

Time is money after all!

But that has always been the case with regard to financial transactions.

I’m reading Oliver Bullough’s book about the way the U.K. acts as butler I.e. making life easy for the worse sort of people in this world. The oligarchs, kleptocrats, and downright criminal.

This is merely a furtherance of this phenomena.

It is disgusting.

What is most alarming is that our democracy is being constantly undermined by these criminals who have the power to buy anyone willing to sell themselves like the Tory government.

DaisyAnne

But that was why they wanted you to vote to leave the EU Urmstongran. We live in a country where the people governing it have no care for you (or me) as anything other than the cannon fodder that allows them to get richer.

As I am now too old to do that (hopefully you are not) they are prepared to let us die. We have seen it with Covid as in the Care Home Catastrophe. We have seen it more recently. Sunak told the HoC Committed he had chosen to help the working population but not the poor.

I can't think how anyone would be in any doubt.

As I am now too old to do that (hopefully you are not) they are prepared to let us die. We have seen it with Covid as in the Care Home Catastrophe.

I feel quite unemotional (due to the cynicism that often comes with old age) about this... regarding it as an inevitable outcome from voting in a government whose ideology is based on free-market, small-state, principles. Wealthy / well-off Tory MPs are there to serve and preserve the interests of themselves and their privileged class. And the interests of those who are even wealthier than they are. And they will not do this by largesse to the public purse.

Sunak has chosen to help those who are working, not the poor. Why would he do anything other than this? We are units on a spreadsheet, the working population are productive units, those dependent on the state are not, basically. Sunak is an accountant (some think that's about all he amounts to) not a philanthropist or social reformer.

I don't think Tories actively want anyone to die so there will still be a flimsy basic safety net - they don't want to see people literally dying homeless on the street, but they have no interest in an equitable and egalitarian society - they wouldn't survive as a party under it.

As for the EU - well it's also a Capitalist institution... organised on the basis of nation states as economic and political entities. The difference is it recognises that to function efficiently as such, it has to offer workers and citizens rights and protections otherwise the whole edifice will collapse through rebellion and strife. Imperfect though it is, I still think we were better off in than out.

... but we are out and now, as a nation can 'decide for ourselves' who we trade with and under what terms, and make our own rules, etc. What this will mean ultimately for the ordinary people, both the working population and those reliant on the state, is yet to be seen. Personally, I'm not optimistic.

Dickens

Urmstongran

Will London become Singapore-on-Thames?

... as in low tax rates for businesses and a 'lighter' regulatory climate? Well, to be globally competitive - yes it will.

And we know how well 'light-touch' regulation works - remember the collapse of the Royal Bank of Scotland? The FSA allowed the bank to run high risks with low stocks of capital and liquid assets - and that chappie, Sir Fred Goodwin, RBS chief executive, watered down the official FSA letter so that the force of the message was lost to the Board, anyway.

... what could possibly go wrong!

And those "top City lawyers" don't come cheap.

I was thinking about that, too, Dickens.

And about how the tories have pointed to it continually as gross irresponsibility on the part of the Labour chancellor.

Presumably it's different if they do it..

Urmstongran

Will London become Singapore-on-Thames?

... as in low tax rates for businesses and a 'lighter' regulatory climate? Well, to be globally competitive - yes it will.

And we know how well 'light-touch' regulation works - remember the collapse of the Royal Bank of Scotland? The FSA allowed the bank to run high risks with low stocks of capital and liquid assets - and that chappie, Sir Fred Goodwin, RBS chief executive, watered down the official FSA letter so that the force of the message was lost to the Board, anyway.

... what could possibly go wrong!

And those "top City lawyers" don't come cheap.

But that was why they wanted you to vote to leave the EU Urmstongran. We live in a country where the people governing it have no care for you (or me) as anything other than the cannon fodder that allows them to get richer.

As I am now too old to do that (hopefully you are not) they are prepared to let us die. We have seen it with Covid as in the Care Home Catastrophe. We have seen it more recently. Sunak told the HoC Committed he had chosen to help the working population but not the poor.

I can't think how anyone would be in any doubt.

Yes but aiming for it and reaching it are two different things! I’m hoping that however it pans out the negotiations bring a desired effect.

Will London become Singapore-on-Thames?

Wasn't that exactly what they were aiming for?

Brexit is proving to be such an economic disaster that I suppose they’ve got to clutch at any straw they can.

I thought it was Moscow on Thames already