Brexit.

[Innula Zenovka]

Or the EU could decide it's not really that important to them to set up a system of new BCPs. The ROI for Europe seems dubious, so why bother?

The delayed goods are presumably important to the individuals and businesses in the EU who ordered them, though, as are the time-limited cancer drugs that are having to be destroyed because of the delays important to the patients who need them (and since the British exporter is having to set up a new plant in the RoI to supply them, it looks as if they can't readily be sourced elsewhere).

The effects on the UK of all these are going to be considerably more painful, at least in the short- to medium-term than they are on the EU, but nevertheless they will probably be very painful indeed for particular EU businesses and their customers, and for particular areas.

Question for EU readers -- what steps, if any, are national governments or the EU taking to mitigate the problems caused by Brexit for their citizens and local businesses?

 

[Sid]

Brexit is no real thingy anymore since Jan 1 in the Dutch press.
Brexit information always came mostly from the BBC and The Guardian for me.
So I don't know what steps the EU are taking, if any.

 

[Kamilah Hauptmann]

idunno, ill put it here

 

[Innula Zenovka]

idunno, ill put it here

Did Jackie Weaver have the authority? – the law and policy of that Handforth Parish Council meeting

5th February 2021 Handforth Parish Council is not a happy parish council. This is an extract from a formal Letter from the Director of Governance and Compliance at Cheshire District Council (text p…

davidallengreen.com

Expert scrutiny of the proceedings from one of our top legal bloggers and journalists (and also a very well-respected legal expert).

 

[Kamilah Hauptmann]

 

[Innula Zenovka]

 

[Beebo Brink]

Disclaimer: I haven't verified whether or not this meme is true.

 

[Innula Zenovka]

Fury at Gove as exports to EU slashed by 68% since Brexit

Hauliers say Cabinet Office minister ignored their warnings, amid fears that worse is to come with introduction of import checks in July

www.theguardian.com

That 68% refers to the volume of freight carried through the ports. It's a measure of physical volume, not value.

 

[Innula Zenovka]

 

[Innula Zenovka]

Yorkshire lobster exporter says Brexit costs have forced it to close

Government has not been straight with fishing industry, says Sam Baron of Baron Shellfish in Bridlington

www.theguardian.com

 

[Chin Rey]

That's not just a joke. Patrick Minford has predicted that Brexit will finish off British manufacture and farming and he thinks it's a good thing. In his opinion, UK's economy shold be focused entirely on the service sector. Unfortunately the old loonie still has a lot of influence among Tories and Brexiters and even Boris Johnson has let this slip occasionally.

(For those not familiar with Minford, he's currently a professor in Applied Economics at Cardiff University. He is a strong supporter of Milton Friedman's voodoo economy and has been a major influence on the British right wing's economic ideology ever since the Thatcher period.)

 

[Sid]

Look! A brexiteer cat.

 

[Bartholomew Gallacher]

From London to NL: Intercontinental Exchange Inc. plans to move its 1 billion-euro ($1.2 billion) daily market for European carbon emissions contracts to the Netherlands from London in a blow to the U.K.’s attempts to build a green finance powerhouse after Brexit.

Bloomberg - Are you a robot?

 

[Sid]

The realities of leaving the EU have “come home to roost” for Britain, Mairead McGuinness, the EU’s financial services commissioner, said on Bloomberg TV last month.

 

[Innula Zenovka]

Nevertheless, if the City firms are suffering from Brexit, their complaints are strangely muted, unlike those of farmers, fishermen, hauliers, musicians, and other adversely affected groups.

The big banks are multinational organisations, and, no matter where the head office is, it doesn't really matter to them or their shareholders a great deal which of their local offices does the particular business.

As I understand it, the plan -- which the City seem quite happy with -- is that financial institutions in London will build strategic partnerships with both American and Pacific-rim banks and investors to offer products that can't be offered under existing EU rules, and then sell them in Europe through the European offices (whether the bank's head office is in London, Frankfurt, Paris, or elsewhere in the EU doesn't really matter).

I have no idea if it will work or not, but I think that's the general idea, and what's certain is that the UK's financial services sector is larger and healthier than manufacturing and retail, and of infinitely more importance to the economy than are farming and fishing. It's equally, certain, of course, that no Conservative government is going to do anything that upsets the City too badly.

 

[Innula Zenovka]

Brexit worse than feared, says JD Sports boss

Chairman Peter Cowgill says the new EU trade deal has meant "double-digit millions" in extra costs.

www.bbc.co.uk

 

[Sid]

Nevertheless, if the City firms are suffering from Brexit, their complaints are strangely muted, unlike those of farmers, fishermen, hauliers, musicians, and other adversely affected groups.

The big banks are multinational organisations, and, no matter where the head office is it doesn't really matter to them or their shareholders a great deal which of their local offices does the particular business.

As I understand it, the plan -- which the City seem quite happy with -- is that financial institutions in London will build strategic partnerships with both American and Pacific-rim banks and investors to offer products that can't be offered under existing EU rules, and then sell them in Europe through the European offices (whether the bank's head office is in London, Frankfurt, Paris, or elsewhere in the EU doesn't really matter).

I have no idea if it will work or not, but I think that's the general idea, and what's certain is that the UK's financial services sector is larger and healthier than manufacturing and retail, and of infinitely more importance to the economy than are farming and fishing. It's equally, certain, of course, that no Conservative government is going to do anything that upsets the City too badly.

Yeah, multinationals don't really care about borders and stuff.
Since a few days NL has the headquarters of Stellantis NV.
A group of 14 car manufacturers who merged and produce 7.9 million cars a year. (Abarth, Alfa Romeo, Fiat, Lancia, Maserati, Jeep, Dodge, Chrysler, RAM, Peugeot, Citroen, Opel , Vauxhall and DS).
Not a single one of these cars is manufactured in NL. But for tactical reasons (most likely fiscal ones) they choose NL for their headquarters.

 

[Sid]

Brexit worse than feared, says JD Sports boss

Chairman Peter Cowgill says the new EU trade deal has meant "double-digit millions" in extra costs.

www.bbc.co.uk

Yet another story that shows the gap between the Brexiteers dreams and the reality of what is actually agreed in the Christmas eve agreement.

 

[Kamilah Hauptmann]

Yet another story that shows the gap between the Brexiteers dreams and the reality of what is actually agreed in the Christmas eve agreement.

I anticipate learning how this is the EU's fault and doing.

 

[Ashiri]

Not a single one of these cars is manufactured in NL. But for tactical reasons (most likely fiscal ones) they choose NL for their headquarters.

Probably so, but I can also see that they can avoid the appearance of brand favouritism which might happen if they headquartered in another country.