Support for Brexit hardens

According to both the Daily Telegraph and the Guardian newspapers, the EU's chief Brexit negotiator, Michel Barnier, told a private meeting of MEPs that he wants the remaining 27 member states to have a "special relationship" with the financial markets of the City of London. "Some very specific work has to be done in this area," he said, according to the minutes. "There will be a special/specific relationship. There will need to be work outside of the negotiation box … in order to avoid financial instability."

Barnier is very concerned that European governments, companies and institutions needing to raise capital will find it much more difficult and time-consuming to do so, in a post-Brexit world, if they no longer have free access to the City of London which acts as Europe's investment bank. This mirrors the Bank of England's view - as expressed by its Governor to MPs last Tuesday - that the risks to financial stability from Brexit were now greater for the remaining members than they were for the UK.

Reacting to the Brexit vote, President Hollande of France declared that London's financial institutions should no longer be allowed to handle any transactions denominated in Euros; "Euro clearing operations" are worth about $150 trillion a year, according to the Guardian's article. A senior source recently told the newspaper that closing London as a Euro clearing centre was likely to increase costs for EU banks and companies.

Its going to be interesting to see how the exiting of the EU negotiations pan out, we are all hearing so much conflicting chatter from both sides of the negotiating table.

All we can hope for is a grown up negotiation I suppose, with no bitterness shown from the EU side.

My stance is optimism for the moment but that could soon change

Still a lot of unfounded claims on this thread. I did try holding my breath, but found my brain worked a little better with oxygen.

Well, please feel free to tell us some facts that you know about regarding the forthcoming negotiations and outcome

I will tell you a fact, nobody knows

Not sure that answers my question, it seems to be the pattern that, when challenged, certain people here just skip the question, or ask a question themselves.

I could bore you again by listing some of the claims made in this thread... for example that the UK would have been forced to adopt Schengen had it remained in the EU. I'm coming to the opinion that some people are making up facts as they go along

I feel for them.

You're a bit of a lad aren't you

Just to clarify the post-Brexit demographics and other useful UK info' for our Filipino members....




.

You should start a new thread with the map Graham, I am sure it will amuse the Filipino members no end, I expect the Filipino contingent avoid our political debates and will not see it

I'm sure there will be lots of questions asked.

If someone asked you to place "thieves" on the UK map then a lot of people would indeed go for Liverpool no offence to our Scouse friends

i was born in post industrial hell--but moved to the isle of wight--no--make that isle of man--no--thats not right
oh sh1te.

Well, looking at the news today it looks like we will be coming out of the single market and customs union, super

Thank goodness we never got dragged into the Euro.

Yes, we dipped our toe into the water all those years ago, when some of us voted 'NO', only to get sucked into a swamp full of predators and parasites.

Time to shake ourselves off, clean up, and put some fresh clothes on.

Germany's outgoing economics minister and Vice-Chancellor, Sigmar Gabriel, labelled Brexiting Britain as "enemies of Europe".
Addressing the Bundestag on Thursday he said "If Europe’s enemies, after Brexit last year, are successful once again, if they’re able to achieve success in France or the Netherlands, then we are really in danger of seeing the largest civilisation project of the 20th century fall apart, namely the European Union."

Martin Schulz, the former President of the European Parliament, has condemned Theresa May’s plan for so-called "hard Brexit" "unacceptable" and threatened to vote to veto Britain’s departure.

Two Eurocrats who clearly did not listen to Theresa May's speech from Lancaster House last Tuesday - but then as a Lib Demer might say, "nobody listens to her, she's a nonentity".

Looks like I'm going to have to join the Home Guard if we are going to war with Germany again

Sooner with have cut our ties the better.