Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Brexit’

The bill for Boris Johnson’s Brexit is coming in and it’s punishingly steep

Posted by hkarner - 26. Januar 2021

Date: 25‑01‑2021

Source: the Observer Andrew Rawnsley

Ministers say it is just teething trouble. To many businesses it feels more like root canal surgery without the benefit of anaesthetic

‘All those acquainted with Mr Johnson and his casual relationship with the truth will have taken that with a juggernaut of salt.’

You would have to possess a heart of stone not to weep with laughter at some of those who are now suddenly complaining about Brexit. It is a bit late for Northern Ireland’s Democratic Unionist party, those lusty sponsors of the great experiment with the UK’s prosperity, to be wailing that they have been betrayed. I smiled to see that Roger Daltrey, the Leave‑supporting lead singer of the Who, has joined the chorus of rock stars furious that the post‑Brexit visa rules will ruin their prospects of touring across the Channel. Mr Daltrey will have to sing Won’t Get Fooled Again to himself before moving on to Boris the Spider and I Can’t Explain. Den Rest des Beitrags lesen »

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Move to EU to avoid Brexit costs, firms told

Posted by hkarner - 25. Januar 2021

Date: 24‑01‑2021

Source: The Guardian

Exporters advised by Department for International Trade officials to form EU‑based companies to circumvent border issues

Requirements for EU transport firms to provide VAT and tariff guarantees have left hauliers refusing contracts to carry loads for small‑ and medium‑sized UK businesses.

British businesses that export to the continent are being encouraged by government trade advisers to set up separate companies inside the EU in order to get around extra charges, paperwork and taxes resulting from Brexit, the Observer can reveal. 

In an extraordinary twist to the Brexit saga, UK small businesses are being told by advisers working for the Department for International Trade (DIT) that the best way to circumvent border issues and VAT problems that have been piling up since 1 January is to register new firms within the EU single market, from where they can distribute their goods far more freely. Den Rest des Beitrags lesen »

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Britain’s refusal to give the EU’s ambassador full diplomatic status is a childish insult

Posted by hkarner - 24. Januar 2021

Date: 23‑01‑2021

Source: The Guardian

This petulant slight echoes a move by the Trump administration – one that it quickly saw fit to reverse

‘Our man in Brussels, Sir Tim Barrow, was previously UK ambassador in Moscow and he is unlikely to take kindly to having his own status downgraded, which is the obvious reciprocal action the EU can take.’

Of all people in government Boris Johnson should be first to recognise the status of European Union representatives. His father, Stanley, was a European commission official for many years and the European taxpayer paid the prime minister’s school fees at the expensive Brussels International School and then Eton. 

However, in a row that has been rumbling for a year alongside Brexit trade talks, the government is refusing to give full diplomatic status to the EU’s ambassador to the UK, João Vale de Almeida and his 25‑strong mission. The Foreign Office claims it does not want to set a precedent by treating an international body in the same way it treats a nation state, with diplomats afforded the privileges and immunities under the Vienna Convention. Den Rest des Beitrags lesen »

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Brexiters are waking up to the damage they’ve done

Posted by hkarner - 20. Januar 2021

Date: 19‑01‑2021

Source: The Guardian by Polly Toynbee

From horse racing to fishing to road haulage, British industry is in chaos. No wonder leavers are turning on each other

Brexit has beached the fishing boats at Hastings. The two‑man crew of Paul Joy’s boat Kaya have left for shore jobs, after the price of the huss they land fell to just 2p a kilo. Exports to the European Union are Brexit‑blighted, with fishers across Britain poleaxed by new costs and regulations, their catches rotting before they reach EU markets. It’s costing them millions already.

For the past two years Joy, a passionate Brexiter, has consistently told me he believes his industry would be shafted in any trade deal. “Betrayed, sacrificed,” he says, outraged at the government’s failure to secure British fishing rights for 12 miles around the coast, and now crippled by the export costs. So when foreign secretary Dominic Raab has the effrontery to tell the BBC’s Andrew Marr that this is “a great deal for the fishing industry”, he must know it’s not true. Den Rest des Beitrags lesen »

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Simon Rattle decries Brexit as he applies for German citizenship

Posted by hkarner - 18. Januar 2021

Date: 17‑01‑2021

Source: The Guardian

Conductor laments impact on UK musicians’ careers and describes application as ‘absolute necessity’

The conductor Simon Rattle, who announced this week that he was cutting short his tenure at Britain’s leading orchestra to return to Germany, has applied for German citizenship after Brexit. 

The Liverpool‑born musician lamented the barriers thrown up by Britain’s departure from the European Union to the careers of young musicians who had grown used to performing freely to the continent’s music‑hungry public.

“My passport is on the way,” Rattle told a news conference on Friday, when asked if he had followed many EU‑based Britons in applying for citizenship that will let them continue to work freely around the bloc. “Like for many, this was an absolute necessity.” Den Rest des Beitrags lesen »

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Majority think Boris Johnson should resign as prime minister – poll

Posted by hkarner - 11. Januar 2021

Date: 10‑01‑2021

Source: The Guardian

Opinium survey finds 43% think PM needs to go, but only 20% say Keir Starmer should step down

The poll showed a slight drop in support for the handling of coronavirus by Boris Johnson’s government.

More people think Boris Johnson should resign as prime minister than think he should continue in office, according to the latest Opinium poll for the Observer.

The first poll of 2021 found that 43% thought he should resign, while 40% said that he should remain as leader. However, most Conservative voters (87%) think Johnson should stay on as leader, with just 7% thinking he should resign. Just 20% believed Keir Starmer should resign as Labour leader, with 52% saying he should remain as leader. Den Rest des Beitrags lesen »

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Brexit Forces Bankers to Shift Trading of European Stocks Out of London

Posted by hkarner - 7. Januar 2021

Date: 05‑01‑2021

Source: The Wall Street Journal

The abrupt move underscores the European Union’s broader plan to bolster its own financial centers

Trading in shares of companies including LVMH Moët Hennessy Louis Vuitton had to leave London due to Brexit. 

The fallout from Britain’s split from the European Union showed itself on the first trading day of the year as a big chunk of dealing volume in EU stocks moved from London to venues located in Amsterdam, Paris and the Continent’s other financial centers.

Britain’s membership of the EU had meant the region’s banks and investors could bypass the home exchanges of stocks such as Paris‑listed luxury‑goods giant LVMH Moët Hennessy Louis Vuitton SE and Amsterdam‑listed Just Eat Takeaway.com NV, the big food‑delivery company, and trade them in London over alternative venues. Those venues included Turquoise, a trading facility majority‑owned by the London Stock Exchange Group PLC, and rival platforms Aquis Exchange PLC and Cboe Global Markets Inc.’s Europe‑based marketplace. Den Rest des Beitrags lesen »

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View from the EU: Britain ‚taken over by gamblers, liars, clowns and their cheerleaders‘

Posted by hkarner - 2. Januar 2021

   Date: 31‑12‑2020

Source: The Guardian by Jon Henley

European commentators weigh in on what Britain’s departure from the EU means

Britain faces an uncertain future as it finally pulls clear of the EU’s orbit, continental commentators predict, its reputation for pragmatism and probity shredded by a Brexit process most see as profoundly populist and dangerously dishonest.

“For us, the UK has always been seen as like‑minded: economically progressive, politically stable, respect for the rule of law – a beacon of western liberal democracy,” said Rem Korteweg of the Clingendael Institute thinktank in the Netherlands.

“I’m afraid that’s been seriously hit by the past four years. The Dutch have seen a country in a deep identity crisis; it’s been like watching a close friend go through a really, really difficult time. Brexit is an exercise in emotion not rationality; in choosing your own facts. And it’s not clear how it will end.” Den Rest des Beitrags lesen »

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The Guardian view of Brexit: a tragic national error

Posted by hkarner - 2. Januar 2021

Date: 01‑01‑2021

Source: The Guardian Editorial

Britain is now out of the EU.

But this is a day of sadness, not of glory, for we shall always be part of Europe

‘This is a country divided over Europe. We were divided in the past and we will be divided in the future. Getting Brexit done is a fantasy.’

“And the answer is – we’re out.” Four and a half years have passed since the BBC’s David Dimbleby pronounced the result of Britain’s EU referendum. At 11pm on 31 December, his words became finally and fatefully true. The United Kingdom is now no longer part of the European Union or subject to its rules. We have closed the door and walked away. We are on our own. We’re out. Den Rest des Beitrags lesen »

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The Guardian view on the future of the union: Britain faces breakup

Posted by hkarner - 31. Dezember 2020

Date: 30‑12‑2020

Source: The Guardian Editorial

The combination of Boris Johnson, Covid and Brexit is creating a constitutional crash that is waiting to happen in 2021

A demonstration calling for Scottish independence in Glasgow on 31 January 2020. There has been majority support in Scotland for breaking away from the UK in 17 successive opinion polls.

The Covid year has intensified potentially terminal strains within the UK’s four‑nation union. When Boris Johnson began to grapple with the seriousness of the outbreak, the impact on the union was probably low on his list of concerns. But, as 2021 beckons, Mr Johnson’s approach to Covid has become a catalyst of the possible breakup of the United Kingdom. Covid’s most lasting political legacy in these islands may be that, in its aftermath, the UK will no longer exist.

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