Re:EU wants to require platforms to filter uploaded content,...
by Silhouette on Friday March 16, 2018 @11:44AM
(#16601409)
It matters a great deal what the UK immigration regime will be after Brexit.
Agreed, and this is an area where the facts seem quite clear and I'm hoping that sanity will prevail by the time the dust settles. In fact, what I'm really hoping is that the whole Brexit mess will force the government to fix our immigration and visa system more generally. It's already insanely slow, complicated and unpredictable for those legitimately visiting or moving here more permanently from outside the EU, and that doesn't really help anyone.
For what it's worth, I have no idea where your characterisation of the desired future treatment of EU nationals as illegal immigrants come from, and I think your predictions here are unlikely to the point of being almost inconceivable. The government might have to pay lip service to immigration controls up to a point, but they've been doing that for years anyway. I can't believe even the current lot are foolish enough to undermine the NHS, the education system, the tech and creative sectors, and so on with the kind of draconian system you seem to be envisaging.
I'm not saying it will be an overnight collapse, but more likely a slow melting away of new business and gradual movement of e.g. Euroclearing.
Perhaps. That's certainly a possible outcome in the longer term. Presumably whatever happens in terms of Brexit, any transition, and then any final deal beyond that, the economies on both sides of the Channel are going to adapt in time.
In the short term it may be as simple as moving the flag which says where the company's HQ is and moving its taxpaying nexus inside the EU.
This I find less likely. Various EU governments, notably including the Germans (albeit under the previous administration), have made it very clear that they don't want to see that sort of "technical" movement. And it's going to be very hard for the financial services firms to play games if the national regulators in their new home state(s) want to cause problems for them.
*You're also underestimating the willingness of those financial businesses which are within the EU to be comfortable with UK competition.
Given the scale we're talking about here, I'm curious to know which financial businesses you classify as being "within the EU" at present.
Agreed, and this is an area where the facts seem quite clear and I'm hoping that sanity will prevail by the time the dust settles. In fact, what I'm really hoping is that the whole Brexit mess will force the government to fix our immigration and visa system more generally. It's already insanely slow, complicated and unpredictable for those legitimately visiting or moving here more permanently from outside the EU, and that doesn't really help anyone.
For what it's worth, I have no idea where your characterisation of the desired future treatment of EU nationals as illegal immigrants come from, and I think your predictions here are unlikely to the point of being almost inconceivable. The government might have to pay lip service to immigration controls up to a point, but they've been doing that for years anyway. I can't believe even the current lot are foolish enough to undermine the NHS, the education system, the tech and creative sectors, and so on with the kind of draconian system you seem to be envisaging.
I'm not saying it will be an overnight collapse, but more likely a slow melting away of new business and gradual movement of e.g. Euroclearing.
Perhaps. That's certainly a possible outcome in the longer term. Presumably whatever happens in terms of Brexit, any transition, and then any final deal beyond that, the economies on both sides of the Channel are going to adapt in time.
In the short term it may be as simple as moving the flag which says where the company's HQ is and moving its taxpaying nexus inside the EU.
This I find less likely. Various EU governments, notably including the Germans (albeit under the previous administration), have made it very clear that they don't want to see that sort of "technical" movement. And it's going to be very hard for the financial services firms to play games if the national regulators in their new home state(s) want to cause problems for them.
*You're also underestimating the willingness of those financial businesses which are within the EU to be comfortable with UK competition.
Given the scale we're talking about here, I'm curious to know which financial businesses you classify as being "within the EU" at present.