The EU will fleece us during the Brexit process. The talk is that the only way they would entertain limiting the freedom of movement part of EEA is in return for ending the City’s banking “passport” to the EU. So a crippled economy. It's an option of course but as a financial and services economy the impact on our economy would be devastating and that would hit us all [Link]

I'll leave this informative 'How Brexit happens - our base case' document here again and retreat from the discussion as I'm getting too doom and gloom!

[Link]

Edited by blackpalacefan (02 Jul 2016 6.38am)

'When we leave the EU we will be leaving the banking passporting system.'

Are you sure about this? Isn't it a case of what we want when we leave the EU, not that the bank passporting system is automatically removed from London? Do you have official conditions?

Merkel and Brussels have outright already refused an EEA+ agreement that gives UK migration control, passporting and single market access. That is an opinion. Is there a pre-written condition?

Independent: 'France may offer the UK membership of the European Economic Area. This would give the UK single market access. BUT IT MAY SEEK TO EXCLUDE THE PASSPORTING SYSTEM in return for the migration cap that was so important to Leave campaigners in the run up to the referendum.

That would mean that in order to guarantee the migration cap, THE UK MAY HAVE TO CEDE ITS POSITION AS A GLOBAL FINANCIAL CENTRE. City executives have said that they expect this to happen as the rest of Europe tries to give governments in France and the Netherlands a boost, to avoid the rise of the far right and the threat of other countries leaving the EU.'

'Maybe and may seek to.' A stitch up? I don't agree in the far right apart from making a noise when people agree in a protest (UKIP) but punishing anyone for leaving a club and using this as a reason? It's opportunism. He'd want to do it regardless of the political climate.

He is bitter following the multi million pound court decision last year to keep clearing and exchanges in London. He now sees the opportunity to grab at it.

How fast were BNP Paribas to announce they were leaving London? Rapid. Gone quiet for now. Perhaps because they don't want to leave London until they're made to.

The 3 big US investment banks AND HSBC have announced they are not intending to leave London. They released statement pre-Brexit that they might. Since then they have scrapped plans.

The banks don't want to go, well not the ones not French. It looks it isn't inevitable that we give up the European bank passporting system (or is this incorrect), and it looks as if it's Hollande who's pushing for this. It'll be a foreign affairs and general election victory. Is Merkel acquiescing but cautious with regards to the following negotiations? Is this why Sapin, the French Finance Minister said thins were on the table for discussion/negotiation?

COYP

I felt more enthusiasm last night for a compromise on freedom of movement and what I'd like to see, free to enter the UK from the EU with a job offer or uni offer, as long as it's feasible isn't open to abuse.

I was watching Newsnight and some of the Burnley folk moaning about EU migrants taking social housing and handouts disappointed me. I was disappointed either in them or in the system. I don't know which because I do not have experience of their communities.

Freedom to enter the UK from the EU with a job offer or uni offer IMO would satisfy a lot of people. The London vote to begin with. If it's communicated properly it can satisfy the disconnected working or non-working classes. It could also tell Scotland that it's all very well having an open door policy, but you need to have a plan and some actual jobs to offer it. Scotland do not, but they still say they'd like to take more people.

Pretty much like the desire for independence from some. They'd like it, but they couldn't afford the public services with it, and in turn would need more austerity, not less. And that's before being another net receiver from the EU following about 5 soon to join.

COYP

It's quite embarrassing to hear some remain supporters propose that parliament ignore the referendum vote.

Democracy only when they agree with the result. The implications are quite insidious....Sometimes you can see how people would be if society ever broke down.

Anyone with the idea that Brexit isn't going to happen is completely out of touch.

We actually do democracy here.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

It'll be difficult for whoever takes over the Tories. Most of their MP's are anti Brexit. Yet as Willo said earlier party membership is an average age of 68 which is the main demographic for leave.
If May wins and goes to carry out the will of the membership by invoking article 50 asap she may cause a rift in the PCP

Some Remainers remind me of the African poacher who hunts the animal knowing it is close to extinction but doesn't care because he will just find another animal to hunt.
The short termism of out of control capitalism is alarming and indicative of stupid human greed.
It seems that remainers are either in that camp or have some starry eyed idea of a hippy dippy future of peace, harmony and equality.

Never gonna happen.

We must force this government to abide by the democratic decision of the people and save us from this European power trip. We must think about the consequences if we continue on the path we have been following. Britain cannot sustain an ever growing population and see our culture and standard of living rapidly eroded by corporate shortsightedness and self interest.