You guys should know that the Brexit white paper is out.
I've been taking a look, and it seems really... weird.
Your thoughts?
How the hell is possible to separate goods from services? Thus, is not a condition a vassal state for the UK?
Also read this: https://news.sky.com/story/brexit-white-paper-bus…
No "Singapore on-thames" is coming?
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I guess some financial services will face problems, depending on what exactly the other EU members will have to say. - i.e. a credit card issuer based in the UK that is selling cards into the other EU27 right now might have to seek agreements with the member countries (just an example for a financial service). - A "service provider" with a UK license might have to apply for a EU wide application of their service
Overall not a great position to be in, but let's see what the wider EU feedback will be.
I am against Brexit tbh, but the deal on the table is worse than Brexit as de facto force us to be rule takers in the goods sectors and shuts down the service sector which is 2 timers larger than the goods one.. Rule takers withouth having a say: lose of sovereignty = vassal state.
At this time, no deal Brexit is 100% better. In this case no deal means making the kind of preparations that will keep Britain flourishing through any disruption: cuts in taxes, removal of regulations, openness to global business
But is a GREAT challenge
Mutual recognition would have been better for services, to say the least
I find that the produced document doesn't carry much detail, despite the two years it was in the making. English is a beautiful language, but if you are creating a legal or binding document there needs to be enough meat on the bone to make it clear for everyone. The way it stands right now a lot of key decision makers can interpret the meaning in many different ways. And I don't believe those folks would have an actual detailed understanding of the financial economy anyway...
For anyone looking; https://www.gov.uk/government/publications/the-future-relationship-betw…
Is there an economic report too?
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