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Consequences Of Brexit [Part 9] Read First Post Before Posting

Groose

Let me make this perfectly clear - any personal attacks will get you a suspension. The moderating team is not going to continually issue warnings. If you cannot remain civil and post within forum rules then do not bother to contribute.

 

In addition to remoaner we are also not going to allow the use of libdums or liebore - if you cannot behave like adults and post without recourse to these childish insults then please refrain from posting. If you have a problem with this then you all know where the helpdesk is. 

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50 minutes ago, Car Boot said:

The best thing the UK has done this century is to Leave the fading, out of date, twentieth century construct, the EU.

Can we have some evidence of that please or is this just another of your ill thought-out unsubstantiated rants?

At the moment, it only looks to have  a down side with no apparent benefits...

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As well as a border down the Irish Sea, it looks like we'll be getting one in Kent - Lorry drivers will face de-facto Brexit border in Kent, Gove confirms.

 

Quote

A de-facto Brexit border is to be introduced for lorry drivers entering Kent to travel on to the EU, Michael Gove has confirmed.

The minister for the Cabinet Office and chancellor of the duchy of Lancaster told the Commons that lorry drivers would need a “Kent access permit” to get into the county from 1 January with “police and ANPR cameras [automatic number plate recognition]” enforcing the system.

Drivers, British or foreign, who are travelling, for instance from depots in the Midlands, will need to get a permit before they arrive in Kent if they intend to board a ferry or Eurotunnel train.

The KAP has been considered inside Whitehall for some time as a means of averting traffic chaos in the county, but this is the first time it has been confirmed by the government as an operational plan for next January.

This is only necessary because of the government's failure to prepare for us actually leaving the EU.

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1 hour ago, Car Boot said:

Really well, thank you.

 

I...

40 minutes ago, altus said:

As well as a border down the Irish Sea, it looks like we'll be getting one in Kent - Lorry drivers will face de-facto Brexit border in Kent, Gove confirms.

...see :?

 

Kent should build a wall. And get Essex to pay for it.

Edited by L00b

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3 hours ago, L00b said:

How is that going for you lately?

Considering the assets are going to Frankfurt, i.e. in the EU, then obviously fully-accountable clean ones.

 

With even a passing knowledge of recent news (recent for many, less so for long-time dot-connectors), never mind the latest financial data trove to be whistleblown, it's easy enough to guess why the others are staying ;)

Thought Deutsche Bank were similarly tarnished

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A Kentish Border?

 

What about Yorkshire?  We want our own border controls!!!!

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7 hours ago, retep said:

Thousands of bankrupt angry EU farmers and no fish, seems a fair swop.

Why would EU farmers be bankrupt?  Lorries bringing food from the EU to the UK aren't going to be stuck in queues in Kent trying to get to Dover.

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6 hours ago, Car Boot said:

The best thing the UK has done this century is to Leave the fading, out of date, twentieth century construct, the EU.

Remind me which century the UK construct dates from...................................

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13 hours ago, RJRB said:

Thought Deutsche Bank were similarly tarnished

As are HSBC, RBS and a whole host of other UK banks and companies (and banks & companies from other countries -EU27 and not- too, for sure...but the most represented country in the leak is the UK).

 

What the FinCen leak shows, is how much of a money laundering turnplate the UK has long been and still is. It is one of the main smoking guns about the influence which Putin & assorted other kleptocrats' wield in the West, particularly in the UK. $2trillions' worth of influence. Goes a long way to explain why Tory governments have deliberately looked the other way about Russians for years. 

 

That doesn't detract from the point you were replying to: it's significantly harder to launder money in the EU-€zone, and never less so than after the EU AML Directive V (2018/843/EU) that came into force on 01 January 2020 , so any assets getting transferred from the UK to <anywhere in EU27, but particularly the €zone, including Frankfurt in Germany> are much more likely to be the squeaky-clean ones. Can't see much point in shifting dodgy assets into a much-more-tightly-regulated financial market, can you? In that context, that FinCen leak could also explain -in part- the UK's do-or-die intent to Brexit before end 2020.

 

Nor does it detract from the earlier, original point: for all the tax-avoiding, money-laundering and other toxic asset-trading wrongdoings of big and not-so-big UK banks over <decades and longer>, a non-trivial amount of economic activity was performed in the UK managing and trading these assets, generating a correspondingly non-trivial added value -at least some of which greasing the wheels of local/domestic commerce, with a portion ending up as revenue to the Exchequer (according to government accounts, long showing the City as a major source of annual tax contributions).

 

Shifting these assets to Frankfurt means their managing and trading will now get done in Frankfurt. Whereby Germany gets to enjoy the added value.

 

There's nothing partisan about that asset shifting, nor was there anything partisan about predicting it as a consequence of Brexit in 2015/2016, nor is there anything partisan in pointing at it happening now: it is (always was) an inevitable consequence of dropping FOM from the EU-UK relationship, because services passporting stems from FOM.

 

Look, Brexit is done, and the chips are falling where they do, both as they were predicted and not. Realistically, the UK is not rejoining any time soon, whether as a Union or individually as bit-States. So now what?

Edited by L00b

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10 hours ago, Longcol said:

Remind me which century the UK construct dates from...................................

The countries of the UK are not an artificial capitalist inspired twentieth century construct, but an organic group of nation states that predate capitalism, the industrial revolution, world wars...

 

It just doesn't make any sense to show loyalty to a trading bloc which since its beginning has been envious and jealous of organic nations.

Edited by Car Boot

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2 hours ago, L00b said:

As are HSBC, RBS and a whole host of other UK banks and companies (and banks & companies from other countries -EU27 and not- too, for sure...but the most represented country in the leak is the UK).

 

What the FinCen leak shows, is how much of a money laundering turnplate the UK has long been and still is. It is one of the main smoking guns about the influence which Putin & assorted other kleptocrats' wield in the West, particularly in the UK. $2trillions' worth of influence. Goes a long way to explain why Tory governments have deliberately looked the other way about Russians for years. 

 

That doesn't detract from the point you were replying to: it's significantly harder to launder money in the EU-€zone, and never less so than after the EU AML Directive V (2018/843/EU) that came into force on 01 January 2020 , so any assets getting transferred from the UK to <anywhere in EU27, but particularly the €zone, including Frankfurt in Germany> are much more likely to be the squeaky-clean ones. Can't see much point in shifting dodgy assets into a much-more-tightly-regulated financial market, can you? In that context, that FinCen leak could also explain -in part- the UK's do-or-die intent to Brexit before end 2020.

 

Nor does it detract from the earlier, original point: for all the tax-avoiding, money-laundering and other toxic asset-trading wrongdoings of big and not-so-big UK banks over <decades and longer>, a non-trivial amount of economic activity was performed in the UK managing and trading these assets, generating a correspondingly non-trivial added value -at least some of which greasing the wheels of local/domestic commerce, with a portion ending up as revenue to the Exchequer (according to government accounts, long showing the City as a major source of annual tax contributions).

 

Shifting these assets to Frankfurt means their managing and trading will now get done in Frankfurt. Whereby Germany gets to enjoy the added value.

 

There's nothing partisan about that asset shifting, nor was there anything partisan about predicting it as a consequence of Brexit in 2015/2016, nor is there anything partisan in pointing at it happening now: it is (always was) an inevitable consequence of dropping FOM from the EU-UK relationship, because services passporting stems from FOM.

 

Look, Brexit is done, and the chips are falling where they do, both as they were predicted and not. Realistically, the UK is not rejoining any time soon, whether as a Union or individually as bit-States. So now what?

As you may have gathered from past comments I am no supporter of Brexit and believe it to be the most stupid act of self harm for a number of obvious reasons and some that will become apparent in due course.

I have seen no evidence of our preparedness for what is about to happen either on the part of the government or within companies who will have to deal with tariffs,transport and red tape issues.

We have gifted our world position as a leading financial centre to Frankfurt and this was always a probability.

However,to suggest that the U.K. based banking system is or was any different to other banks around the world is naive.

Financial and banking scandals will continue because they are masters at circumventing controls in the interests of profit.

If the major financial centre of Europe is Frankfurt then the dirty money will follow.

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1 hour ago, RJRB said:

As you may have gathered from past comments I am no supporter of Brexit and believe it to be the most stupid act of self harm for a number of obvious reasons and some that will become apparent in due course.

I have seen no evidence of our preparedness for what is about to happen either on the part of the government or within companies who will have to deal with tariffs,transport and red tape issues.

We have gifted our world position as a leading financial centre to Frankfurt and this was always a probability.

However,to suggest that the U.K. based banking system is or was any different to other banks around the world is naive.

Financial and banking scandals will continue because they are masters at circumventing controls in the interests of profit.

If the major financial centre of Europe is Frankfurt then the dirty money will follow.

You are mixing the actors (banks), the venues (cities) and the plays (financial services) in the above, whilst glossing -deliberately or not- over the British Overseas Territory character of Bermuda, the British Virgin Islands, <etc> that were, and remain, instrumental to money laundering, and all of which were always significantly easier to access from London, than from Paris, Frankfurt, New York, Tokyo <etc>...

 

...and shall remain so, now that London is escaping the EU's latest anti money laundering legislation, designed to hinder and sever ties still further with tax havens on the EU's black list (established 2015) and which includes -guess which Carribbean BOTs- amongst others.

 

Much less a case of naivety, than pointing some inconvenient truths. But you don't have to be personally embarrassed by them, the situation is hardly your fault or doing - nor, for that matter, the fault or doing of those taken in by the Leave propaganda.

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2 hours ago, Car Boot said:

The countries of the UK are not an artificial capitalist inspired twentieth century construct, but an organic group of nation states that predate capitalism, the industrial revolution, world wars...

 

And the whole problem that caused this brexit farce is we still think we are "great" and in charge of the world like back then, trouble is the worlds moved on...just not us

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