So the UK is finished says Theresa Mayhem

[woody2]

6 minutes ago, manxman1980 said:

Does that not lead to a lack of choice for UK consumers?  Therefore higher prices fir insurance?  

Aren't those backroom banking jobs the sort that are done on the Isle of Man already (therefore technically outside of the EU)?

insurance is still past through the uk markets, its the profits that go to the eu companies, no loss to consumers...

iom has nothing to do with it we are talking about the uk, one company has 10000 employed across the eu providing backroom banking services to the uk, staff have been put on notice..... 

[pongo]

#woodyfacts #fakenews

[woody2]

face it you've lost.....

#exit2019

lets not forget the vat, corporation tax and import duty that will be paid direct to the uk instead of using the eu to avoid paying anything to the uk.....

[pongo]

1 minute ago, woody2 said:

lets not forget the vat, corporation tax and import duty that will be paid direct to the uk instead of using the eu to avoid paying anything to the uk.....

^ More made up facts.

----

One thing at a time, all of the hard Brexit positions are falling. This is only the latest surrender. And the Brexit bill rubbishes the lie that the EU would be desperate to reach a trade deal with the UK. At the last minute the govt has been forced into a climb-down.

It's actually very sensible. But it is probably too late. As the Morgan Stanley advice makes clear, this govt may very well not survive its own divisions.

[woody2]

you could always start a petition or faceache campaign....

loving the losers going into meltdown.....

[manxman1980]

12 hours ago, woody2 said:

insurance is still past through the uk markets, its the profits that go to the eu companies, no loss to consumers...

iom has nothing to do with it we are talking about the uk, one company has 10000 employed across the eu providing backroom banking services to the uk, staff have been put on notice..... 

Could you clarify your first sentence?  I cannot follow your thinking and the tenses you are using sounds like you are talking post-brexit which makes even less sense.

I know we are not talking about the IOM.  My point was that backroom banking services can be performed pretty much anywhere and as long as companies comply with Data Protection (soon to be GDPR) then they can move data across borders without an issue.  Which company has put staff on notice out of interest?

[woody2]

6 million brits use eu insurance companies, they won't be able to operate in the uk without a deal, that work will come back to the uk.....

[pongo]

29 minutes ago, woody2 said:

6 million brits use eu insurance companies, they won't be able to operate in the uk without a deal, that work will come back to the uk.....

Assuming that you are mostly talking about AXA,  their UK domestic business is already properly UK based. The question is whether their non UK business, and non UK insurance in general, has to re locate.

The next big climb-down will be over the need for a transition period.

Brexit: UK insurers push for transition deal to preserve London as global hub after EU departure (Independent - 29/11/17)

Edited November 29, 2017 by pongo

[woody2]

3 minutes ago, pongo said:

Assuming that you are mostly talking about AXA,  their UK domestic business is already properly UK based. The question is whether their non UK business, and non UK insurance in general, has to re locate.

The next big climb-down will be over the need for transition period.

Brexit: UK insurers push for transition deal to preserve London as global hub after EU departure (Independent - 29/11/17)

Quote

Six million UK customers buy insurance policies from EU companies and, after Brexit, those firms would not have permission to collect premiums or pay claims.

 

[manxman1980]

Okay, I follow your line of thought now.  Those 6 million UK customers buying the policies from EU companies would require a UK based organisation in order to collect premiums and pay claims.  What is to stop them simply having a registered office with a small number of staff and continuing to process everything else inside the EU? 

The UK is signing up to the GDPR and keeping it in place post Brexit so the interchange of data will not be an issue.  I honestly fail to see how this would create thousands of jobs.

[woody2]

30 minutes ago, manxman1980 said:

Okay, I follow your line of thought now.  Those 6 million UK customers buying the policies from EU companies would require a UK based organisation in order to collect premiums and pay claims.  What is to stop them simply having a registered office with a small number of staff and continuing to process everything else inside the EU? 

The UK is signing up to the GDPR and keeping it in place post Brexit so the interchange of data will not be an issue.  I honestly fail to see how this would create thousands of jobs.

and there's nothing stopping the uk doing the reverse yet the doomongers on here say 1000's of jobs are leaving, you can't have it both ways.....

overall vat, corporation tax and import duty been paid in the uk will be more important for the uk

[pongo]

2 minutes ago, woody2 said:

the doomongers on here say 1000's of jobs are leaving

But you still have not demonstrated or explained your original point. You said:

20 hours ago, woody2 said:

think of all the 1000's of job that will be brought back with a no deal.....

 

[pongo]

But moving on. The govt has clearly decided that rather than taking back control they are, instead, hoping to buy a bit back. In the hope of starting talks about talks about a possible trade deal. Although it all seem rather stupidly last minute. 

They seem to have agreed to what the EU was sensibly arguing for all along - ie agreement on a basis for calculating costs and responsibilities. Where as the hard Brexit people have pointlessly delayed the process for months by saying that nothing could be agreed until the EU presented an itemised bill. Or stupidly arguing that the UK had no commitment to pay anything.

I wonder what the next big compromise will be. Free movement? Moving the Irish border to the coast?

Edited November 29, 2017 by pongo

[woody2]

7 minutes ago, pongo said:

But you still have not demonstrated or explained your original point. You said:

 

i have....

[woody2]

2 minutes ago, pongo said:

But moving on. The govt has clearly decided that rather than taking back control they are, instead, hoping to buy a bit back. In the hope of starting talks about talks about a possible trade deal. Although it all seem rather stupidly last minute. 

They seem to have agreed to what the EU was sensibly arguing for all along - ie agreement on a basis for calculating costs and responsibilities. Where as the hard Brexit people have pointlessly delayed the process for months by saying that nothing could be agreed until the EU presented an itemised bill. Or stupidly arguing that the UK had no commitment to pay anything.

I wonder what the next big compromise will be. Free movement? Moving the Irish border to the coast?

nothing has been agreed.....