Gibraltar Brexit agreement on the Rock

[Borchester]

There's a story in today's torygraph behind a paywall hat the city has retained its crown as the money capital of Europe,I await Gerry telling us how it's all bad news though.

City keeps European financial crown despite Brexit

Predictions of the Square Mile's decline after Britain left the European Union have failed to materialise
By Simon Foy 24 September 2021 • 9:00am

The City of London has maintained its crown as Europe's dominant financial hub as firms in the Square Mile adapt to Brexit.

London came second only to New York in the latest global financial centres index, which is published by Z/Yen Group, a financial think tank.

The City comfortably beat rival European centres, including Paris, Frankfurt and Amsterdam, which came 10th, 14th and 17th, respectively.

The report said London's strong performance "reflects confidence in the longer-term prospects for the centre".

It comes despite repeated warnings from chief executives and politicians that Brexit would damage the Square Mile's reputation.

Z/Yen said: "The relatively strong performance of New York and London suggests that the financial services sectors in these cities managed to sustain their performance despite radical changes in working practices during the last 18 months."

The report highlights that the City has successfully navigated its way through the pandemic and Britain's withdrawal from the EU, relative to other financial centres.

UK financial service exports to the EU even rose in the first three months of the year despite warnings that and its ability to trade with the Continent would be hampered by Brexit.

A mass exodus of finance jobs out of London has failed to materialise post-Brexit, despite Xavier Rolet, the former boss of the London Stock Exchange, warning that as many as 232,000 could disappear. 

Michael Mainelli, executive chairman of Z/Yen, said: "We see two patterns in the results – confidence in the recovery of the North  American and Western European economies following the shock of 2020; and a levelling  off following the rapid rise of Asia/Pacific centres and their economic stability in the Covid-19 pandemic. Competition remains tight.

"Outside the top two centres, only five points on a 1,000 point scale separate the centres ranked third to eighth."

[cromwell]

There's a story in today's torygraph behind a paywall hat the city has retained its crown as the money capital of Europe,I await Gerry telling us how it's all bad news though.

[Borchester]

So your idea of sovereignty is when the UK makes a agreement that months later it can walk away, do something totally different.

How does that work with the UK's international reputation and the ability to do future trade deals, in this scenario how can anyone trust the UK, anything they agree today can be gone tomorrow.

It will be a bit like when the Irish imposed that embargo on the beef after we left the EU and you said that the UK would starve to death.

Somehow we got by 

[GerryT]

Yes. It's that awkward thing where we have our sovereignty back and can make our own decisions.
The Spanish love a bit of diversion when they have enough trouble keeping their coalition together in Madrid.

So your idea of sovereignty is when the UK makes a agreement that months later it can walk away, do something totally different.

How does that work with the UK's international reputation and the ability to do future trade deals, in this scenario how can anyone trust the UK, anything they agree today can be gone tomorrow.

[Barry]

In what way laugh, is it that the UK Govt agree one thing and then in months do an about turn, that sort of funny.

Yes. It's that awkward thing where we have our sovereignty back and can make our own decisions.
The Spanish love a bit of diversion when they have enough trouble keeping their coalition together in Madrid.

[Borchester]

In what way laugh, is it that the UK Govt agree one thing and then in months do an about turn, that sort of funny. 

No, the laugh is that there is sod all the EU can do about it.

Unless Ireland is going to send one of its nuclear powered subs 

[GerryT]

rate to leave the European Union at all costs, the UK government of Prime Minister Boris Johnson signed Brexit agreements that it longer supports, and is now threatening to renege on these deals if they are not renegotiated. This is the approach it has taken with the Northern Ireland Protocol, and on Wednesday it did it again with the preliminary agreement on Gibraltar, the British Overseas Territory in the south of the Iberian peninsula, which was ceded to Great Britain in 1713 under the Treaty of Utrecht.

In what way laugh, is it that the UK Govt agree one thing and then in months do an about turn, that sort of funny. 

[johnofgwent]

The article which is of course put up by a Spanish paper tried to claim Boris is not as popular as when he won his 80 odd seat majority and wishes tomsyggestbthe Gibraltar l baby us "very powerful".


I rather doubt both

[Sheepy]

https://english.elpais.com/international/brexit/2021-09-23/uk-threatens-no-deal-scenario-for-gibraltar-due-to-plans-for-spain-run-border-controls.html
You have to laugh.

If you say so, but me thinks ever since Covid there doesn't seem anybody likely to get a grip on anything.

[Barry]

https://english.elpais.com/international/brexit/2021-09-23/uk-threatens-no-deal-scenario-for-gibraltar-due-to-plans-for-spain-run-border-controls.html

It is starting to become a pattern. Desperate to leave the European Union at all costs, the UK government of Prime Minister Boris Johnson signed Brexit agreements that it longer supports, and is now threatening to renege on these deals if they are not renegotiated. This is the approach it has taken with the Northern Ireland Protocol, and on Wednesday it did it again with the preliminary agreement on Gibraltar, the British Overseas Territory in the south of the Iberian peninsula, which was ceded to Great Britain in 1713 under the Treaty of Utrecht.

On December 31, 2020, just hours before Brexit became a reality and the UK definitively left the EU, the British and Spanish governments struck a last-minute deal to avoid Gibraltar from becoming a hard border of the EU. This preliminary agreement must now be enshrined into an international treaty between the EU and the UK, and which is set to be negotiated later this year.

On June 20, the European Commission issued a mandate to start these talks, but the UK government opposes this document and announced on Wednesday that it is considering a no-deal scenario for Gibraltar.

You have to laugh.