Along the way I wrote about considering Johnson’s Brexit decision as a choice between clichéd narratives. What would read / play best? Well...
‘Critics ridicule Johnson’s self-reverential mirroring of Winston Churchill, but even they can scarcely contest that he has become the most consequential politician of his generation.’
More from Objective Columnist
Typically excellent piece from @dsquareddigest The exponential insight is especially neat. Think of it a little like fishing...today you can’t export oysters to the EU (because you simply aren’t allowed to), tomorrow you don’t have a fish exporting business (to the EU).
The extremely small minority of people who known anything about this who think that Brexit will be good for the City make a number of arguments which I shall address in turn...
1. They need us more than we need them. This is a variant of the German carmakers argument. And we know how that went...Business will follow the profit opportunity and if that has moved then so will the business...
And what do we mean by us / we. We’re not talking about massed ranks of Euro investing / trading etc blue blooded British institutions.
Au contraire. We’re talking about the London based subs of US, Asian and indeed European capital markets players...As soon as they think the profit opportunity has moved then so will they...it’s a market innit...
London's status as a financial centre isn't as secure as some might think | Dan Davies https://t.co/q9SU7ra4oF
— The Guardian (@guardian) February 13, 2021
The extremely small minority of people who known anything about this who think that Brexit will be good for the City make a number of arguments which I shall address in turn...
1. They need us more than we need them. This is a variant of the German carmakers argument. And we know how that went...Business will follow the profit opportunity and if that has moved then so will the business...
And what do we mean by us / we. We’re not talking about massed ranks of Euro investing / trading etc blue blooded British institutions.
Au contraire. We’re talking about the London based subs of US, Asian and indeed European capital markets players...As soon as they think the profit opportunity has moved then so will they...it’s a market innit...
More from Brexit
On this, I think it’s highly unlikely to occur in the timeframe given. For several reasons, I don’t think it’s realistic for Scotland to secede, and then join the EU, in 9 years.
For that, thanks goes to Brexit.
A thread because why not...
Two important dates: March 2016 and January 1st 2021.
Firstly, prior to the 2014 referendum, the Nationalists proposed a date of March 2016 to secede.
Secondly, today - the end completion of Brexit five-and-a-half years after Cameron’s majority in 2015.
Brexit has demonstrated many things, primarily that splitting unions is not easy. The UKs membership of the EU was 47 years and by the end it was not at the heart of the EU. The Union has existed for over 300 as a unitary state.
Dividing a unitary state, like the UK, will not be easy. Frankly, it will make Brexit look simple. Questions of debt, currency, defence, and more will need to be resolved ... something not addressed with Brexit.
Starting with debt. Scotland will end up with its proportionate share of the UKs national debt. It’s not credible to suggest otherwise. Negotiating what is proportionate won’t be easy when both sides disagree.
It’s importance will be seen shortly.
For that, thanks goes to Brexit.
A thread because why not...
On the current trajectory, I think this is likely to be the map of Europe of 2030. pic.twitter.com/65i1A8CiP8
— Ben Judah (@b_judah) January 1, 2021
Two important dates: March 2016 and January 1st 2021.
Firstly, prior to the 2014 referendum, the Nationalists proposed a date of March 2016 to secede.
Secondly, today - the end completion of Brexit five-and-a-half years after Cameron’s majority in 2015.
Brexit has demonstrated many things, primarily that splitting unions is not easy. The UKs membership of the EU was 47 years and by the end it was not at the heart of the EU. The Union has existed for over 300 as a unitary state.
Dividing a unitary state, like the UK, will not be easy. Frankly, it will make Brexit look simple. Questions of debt, currency, defence, and more will need to be resolved ... something not addressed with Brexit.
Starting with debt. Scotland will end up with its proportionate share of the UKs national debt. It’s not credible to suggest otherwise. Negotiating what is proportionate won’t be easy when both sides disagree.
It’s importance will be seen shortly.
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