Re: The big picture
"The EU currently accounts for 44% of UK exports as a whole, and 39% of UK services exports. In contrast, China and India together account for just 4.6% of UK exports as a whole and only 2.6% of service exports, according to the report."
I did look at this and wonder how a bad thing was turned into a good thing. The Eurozone is tanking and expecting further problems from the last recession yet we rely on them so much? And as pointed out the growth economies account for so little. In or out of the EU surely it would be a good thing to look at diversifying our exports and it is much easier when you can have trade agreements.
"The UK "may have to make some very difficult choices" between the benefits to the financial services sector, in particular of maintaining "passporting" rights and the costs of regulatory compliance, the IFS said. However, without single market membership, there was a considerable risk that these firms would have to transfer substantial amounts of business to EU subsidiaries."
Again this ignores the increased burden the EU is desperate to impose as was mused on the bitcoin plans of the EU. The transactions will just leave the EU and funny enough we have a world leading financial sector here. Being outside the EU may be a benefit, it depends on what we choose to do (that whole taking back control thing).
""almost all of the EU's post-crisis financial regulatory measures, including passporting rights, are currently excluded" from the EEA agreement."
Does that include our money not being used to trap Greece and potentially others in an economic death spiral? Trying to prop up the Euro?
Every time a bad piece of news or another doom prediction comes out it is all brexit! brexit! brexit! When a good piece of news comes out we havnt left yet, its an expert so brexiters shouldnt believe em and it is despite brexit. I am starting to wonder if it is a masochistic pleasure or something.
Biting the hand that feeds IT
