Andy Onchan Posted January 31 Share Posted January 31 What effect, if anything, has Brexit had on IOM financial services? https://www.euronews.com/business/2024/01/31/brexit-four-years-on-what-did-it-cost-for-the-financial-sector 1 Quote Link to comment Share on other sites More sharing options...
woolley Posted January 31 Share Posted January 31 You do realise that PK is going to have to double up on his posting? 3 Quote Link to comment Share on other sites More sharing options...
Kopek Posted January 31 Share Posted January 31 He's one behind you though Nigel. 😀 Quote Link to comment Share on other sites More sharing options...
manxman1980 Posted February 1 Share Posted February 1 I don't think it has as the Isle of Man was never a member of the EU anyway. Probably the biggest threat to the Isle of Man financial services sector would be if, and big if, the Tories really did want London to become like Singapore. If that happened and the UK made moves to lower taxation to a similar level to the Isle of Man then I suspect many businesses may leave the Island. Quote Link to comment Share on other sites More sharing options...
asitis Posted February 1 Share Posted February 1 Not as many negative effects as our FSA that's for certain ! 2 Quote Link to comment Share on other sites More sharing options...
Omobono Posted February 1 Share Posted February 1 3 hours ago, manxman1980 said: I don't think it has as the Isle of Man was never a member of the EU anyway. Probably the biggest threat to the Isle of Man financial services sector would be if, and big if, the Tories really did want London to become like Singapore. If that happened and the UK made moves to lower taxation to a similar level to the Isle of Man then I suspect many businesses may leave the Island. we were never a member of the EU but we had access to European markets and labour subject to work permit issued here , since Brexit we have seen the demise of the UK and the island is slipping down the ladder fast , this was bound to happen when you loose access to the worlds second largest trading block we will shortly require a visa to go anywhere in Europe , we are second class citizens , Boris and Gove conned the British public and we are now paying the price 1 Quote Link to comment Share on other sites More sharing options...
P.K. Posted February 1 Share Posted February 1 (edited) 18 hours ago, woolley said: You do realise that PK is going to have to double up on his posting? That's daft even for a brexiteer! Late as ever ie you should read a decent newspaper. A couple of months ago Larry Elliot, economics editor of my trusty Guardian, wrote this piece: I’ve got news for those who say Brexit is a disaster: it isn’t. That’s why rejoining is just a pipe dream Many still hanker for how things were: but looking across the Channel, it’s completely illogical to do that https://www.theguardian.com/commentisfree/2023/dec/05/brexit-disaster-rejoining-channel-europe-economy However I don't agree with the basic premise. John Major et al left Maastricht with the best deal in the best trading bloc on the planet. Full market access and keeping the pound. Now all stupidly pissed away by the brexiteers. To rejoin would mean adopting the Euro and I think that folks would see that as a step too far. So I don't see it ever happening. The reactions to the piece made for interesting reading: https://www.theguardian.com/politics/2023/dec/08/by-every-measure-brexit-is-harming-britain This made me smile: So Brexit is only a partial disaster. That’s all right then... For balance: https://www.theneweuropean.co.uk/larry-elliot-the-guardians-in-house-brexit-apologist Edited February 1 by P.K. Clarity Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 1 Share Posted February 1 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 1 Author Share Posted February 1 6 hours ago, manxman1980 said: I don't think it has as the Isle of Man was never a member of the EU anyway. Probably the biggest threat to the Isle of Man financial services sector would be if, and big if, the Tories really did want London to become like Singapore. If that happened and the UK made moves to lower taxation to a similar level to the Isle of Man then I suspect many businesses may leave the Island. I thought back in Big Al's day he wanted to style IOM on Singapore, as the european equivalent of an International Finance Centre? Quote Link to comment Share on other sites More sharing options...
Fred the shred Posted February 1 Share Posted February 1 Britain was a bottom brick out of a very unsteady wall and when it was removed it caused cracks, now there are quite a few countries who are doubting the EU as being the best way forward, sure, initially some countries who were in poor financial shape came out of it well but things are not so rosy now and immigration has caused massive problems on the continent. We shall see what happens there are some important elections on the way and the tide is turning , very slowly, but turning. Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted February 1 Share Posted February 1 2 minutes ago, Fred the shred said: Britain was a bottom brick out of a very unsteady wall and when it was removed it caused cracks, now there are quite a few countries who are doubting the EU as being the best way forward, sure, initially some countries who were in poor financial shape came out of it well but things are not so rosy now and immigration has caused massive problems on the continent. We shall see what happens there are some important elections on the way and the tide is turning , very slowly, but turning. Looking at the scenes in Paris and Brussels today, you may well be right. It would be terrible if the ultra right prospered all over Europe because of the dysfunctional EU. Not quite what it hoped to achieve politically. 2 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted February 1 Share Posted February 1 19 minutes ago, Fred the shred said: Britain was a bottom brick out of a very unsteady wall and when it was removed it caused cracks, now there are quite a few countries who are doubting the EU as being the best way forward, sure, initially some countries who were in poor financial shape came out of it well but things are not so rosy now and immigration has caused massive problems on the continent. We shall see what happens there are some important elections on the way and the tide is turning , very slowly, but turning. Relevant with what happened with Hungary and the EU funding for Ukraine. I suspect someone pointed out to Orban that he needs the EU a lot more than the EU needs him. Germany is holding the whole thing together and they're not in the best state economically at the moment. 1 Quote Link to comment Share on other sites More sharing options...
P.K. Posted February 1 Share Posted February 1 The right wing are essentially populists who fool the hard of thinking into blaming easy targets for their woes - like migrants. We all know the drill eg you can't get a doctor's appointment for two weeks because of all the foreigners coming to the UK for free healthcare etc etc as reported by the Daily Mail, Express, Sun and Telegraph etc Then you add a very simple empty slogan to concentrate what minds these people have left like "Stop The Boats" or some such and away you go. Winner! 3 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 1 Author Share Posted February 1 14 minutes ago, The Voice of Reason said: Looking at the scenes in Paris and Brussels today, you may well be right. It would be terrible if the ultra right prospered all over Europe because of the dysfunctional EU. Not quite what it hoped to achieve politically. You don't have to be "ultra right" to understand that some things just don't work without the will of the people. 2 Quote Link to comment Share on other sites More sharing options...
ccsnet Posted February 1 Share Posted February 1 (edited) ... (long time lurker here), I did not vote for it as I believe eventually the human race should come together but thats many life times away given some of the things you see in the world now. Having spoken to those around me, including direct family who did vote for it mostly it was down to old out of date values and what they read/saw from all the sources we know. I voted for staying on the basis of it been a barrier for good business but quite honestly its even worse than that now with the stuff out of westminster. No where is perfect but just look at a certain MP resident in IOM whos been investigated, my own has his stories. Where has this led me ? I'm currently looking at leaving here and not coming back and been a comeover as I love the place. It would be intresting to hear the views for Brexit affecting the IOM wider if you have any. One good thing however - I do believe Ireland will come together in some form (some thing Star Trek predicted and the BBC edited out at the time lol) followed by Scotland and Wales eventually. Thanks Terran Edited February 1 by ccsnet Quote Link to comment Share on other sites More sharing options...
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