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Old 27-02-2016, 17:37   #699
Osem
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re: [Update] The UK votes to leave the EU

Quote:
Originally Posted by Damien View Post
No one is saying we won't get new trade deals. It's the length of time they take and the conditions they will apply. People seem to think that trade deal is simply both countries agreeing not to apply tariffs to trade between those countries but it's a lot more. For example what if the EU don't want financial services to be covered in any trade deal? Maybe Paris and Frankfurt fancy improving their banking sector.
Well as I pointed out, if all parties want it to happen promptly in the common interest it will. If they don't well it'll be worse for everyone whether that's between us and the EU or anywhere else. We don't need to negotiate major deal with every EU member either, we can happily concentrate on those with which we're doing the most business and where there's most scope.

As for financial services - anyone who thinks staying in the EU is in any way a guarantee of London's security is living in cloud cuckoo land. Paris and Frankfurt will only seek to undermine the City and if we remain in we'll be able to do nothing about it. If we're outside, the City will be able to set its own rules and be as competitive and responsive to market trends as it wants.
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