The Government should back the fastest growing sector of the economy, demand transparency and send clear policy signals.
Posts Tagged: City of London
Andrea Leadsom: It’s a year today until Brexit. Let’s continue to proclaim that it will be good for Britain.
The evidence points to a thriving City, and so I will continue to talk up our financial sector as the best game in town.
The Treasury should be saved from itself by bringing the Party Chairman in to scrutinise the Autumn Budget before it is finalised.
“If we were to accept passporting, we’d just be a rule-taker. We’d have to abide by rules that were set elsewhere.”
Patrick Minford: More compliance. Lower productivity. Reduced growth. Why we must free ourselves from EU regulation.
If we do, we could reverse at least some of the six per cent hit to GDP it has caused so far. If we don’t, we could continue to lose productivity growth of 0.2 per cent a year.
Free enterprise has huge benefits. But more than that, it is intensely democratic, open and diverse – breaking down monopolies, hierarchies and outdated practices.
Nicky Morgan: Perhaps the Prime Minister should have gone. But she didn’t. The Cabinet must now take a lead.
Ministers need get a grip by acting collectively to agree a Brexit end-state based in reality and on what Parliament will approve eventually – and then stick to it.
The alarmism of Osborne and others has proved to be baseless – instead, our existing strengths in financial services position us to grow even stronger.
My own analysis proposes ‘equivalence’, and outlines a model UK-EU agreement based on enhancements to the existing EU notion of it.
Luke Springthorpe: This was not as bad a year for the Conservatives as some claim. But 2018 must be much better.
The full force of policy and how it is communicated will need to be wrapped in an overarching theme of securing a bright future for the country after Brexit.
Mark Hoban: Why the regulatory deal on leaving the EU should be based on mutual recognition – and no material regulatory divergence
Because Britain and the EU both want to maintain high levels of access to each other’s markets, a bespoke deal is needed: there is no off-the-shelf solution.
They propose a bespoke agreement that would permit mutual market access, with a Solvency II equivalence outcome built into it.
In the Financial Times, of all places, it emerges that predictions of Brexit disaster in the City were overblown.
I understand the Government’s keenness to achieve a free trade agreement with the EU, but we need to be careful that the price is not too high.
James Arnell: Ready on Day One for Brexit. 1) Money. If there’s no deal, and the EU fails to play fair, we shouldn’t pay it a penny.
I would propose that we pay a total of €12 billion as our “divorce bill” – even if there’s no FTA. But subject to three conditions.