Just as Geldof swearing at fishermen symbolised the referendum divide, negotiations over fish offer an insight into what ‘taking back control’ really means.
Posts Tagged: Financial Services
“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.
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.
Even Whitehall’s fiercest advocates of the need to stay as close as possible to the EU recognise that there are risks in being a rule-taker not a rule-maker.
This government has identified problems and is working on the solutions that will make a real difference to everyone saving for their retirement.
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.
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.
Abhishek Sachdev: Small and medium-sized businesses are being exploited by banks which abuse their power
Thousands of businesses have suffered material harm as a result of sharp practice against which they have no recourse.
They propose a bespoke agreement that would permit mutual market access, with a Solvency II equivalence outcome built into it.
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.
Britain and the EU are as well-placed as any two parties could be to strike a comprehensive agreement which covers this critical industry.
In a no-deal scenario, we must be prepared with a detailed plan which takes into account the trading and regulatory differences between industries.
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.