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Neodym
A Different Bias
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Comments by "Neodym" (@neodym5809) on "" video.
UK bankers believed to be too important to be cut of, irreplaceable. What city would be able to compete with London? Turns out, Paris, Frankfurt, Dublin, Amsterdam, all quiet capable of doing so.
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The governor of the Bank of England even was crying that the EU should not be so hard, as this would benefit New York and Hong Kong, while London would suffer. But why would the EU care?
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What major British banks are still there? London was a hub for non European (and Swiss) banks to conduct their bushiness in the EU. Now London lost this function.
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A Norway style Brexit may have been different. UK remains closely aligned with the single market (so, copy and paste EU laws in UK law) and accepting the four freedoms, by that, still having full access. Fisheries and agriculture would be exempt (like Norway). No custom Union, so it can negotiate its own trade deals (like Norway). Wasn`t really possible due to Freedom of movement was such an issue, as well as "making our own laws"...
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@davidcooks2379 Well, Thatcher was clever enough to exchange UK manufacturing with foreign manufacturing (mostly Japanese) to compensate.
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@panzerkami2381 Norway has access to the EU financial market as it follows EU law and is under EU jurisdiction.
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Well, finances are always a ticking bomb in your economy, and having it dependent on an outside financial center is like handing the detonator to a foreign power...
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CPTPP is rather limited on services. And what services can the UK offer that Singapore hasnt covered already?
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