I tend to agree with this - of course many things can still go wrong...but (certainly on the UK side) as the list of outstanding issues decreases and as the cost of no deal becomes more apparent deal momentum will increase.
Still, he's taken a very big step back now. The cliff risk was today; both sides were so close to the edge they could easily have gone over it. The fact @10DowningStreet didn't means Govt must genuinely believe there's now a landing zone that works, & which it can sell ENDS
— Mujtaba Rahman (@Mij_Europe) December 13, 2020
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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...
The Commission’s view, according to several sources, is that Brexit means existing distribution networks and supply chains are now defunct and will have to be replaced by other systems.
Brexit reality bites: The new dawn of trade friction via @RTENews https://t.co/p6VdlhZUAN
— Tony Connelly (@tconnellyRTE) January 9, 2021
Of course, this was never written on the side of a bus. And never acknowledged by government. Everything was meant to be broadly fine apart from the inevitable teething problems.
It was, however, visible from space to balanced observers. You did not have to be a trade specialist to understand that replacing the Single Market with a third country trade arrangement meant the end of many if not all of the complex arrangements optimised for the former.
In the absence of substantive mitigations, the Brexit winners are those who subscribe to some woolly notion of ‘sovereignty’ and those who did not like freedom of movement. The losers are everyone else.
But, of course, that’s not good enough. For understandable reasons Brexit was sold as a benefit not a cost. The trading benefits of freedom would far outweigh the costs. Divergence would benefit all.
More from Politics
What would that "look like" in reality?

So a massive adult film star in all his glory is included in an official FBI government filing
Perhaps the explanation is that Patriots are in control.
— David Burney (@jdburney1) February 6, 2021
\U0001f923\U0001f923\U0001f923\U0001f923 https://t.co/W3S8TgeY74
Hunter Biden's book is categorized as "Chinese
Patriots in control?
— David Burney (@jdburney1) February 6, 2021
\U0001f923\U0001f923\U0001f923\U0001f923 https://t.co/p0rEyfd2DW
TIME admits to "conspiracy" to "not rig, rather
TIME admits stolen election, with spin!
— David Burney (@jdburney1) February 6, 2021
"They weren't rigging the election, they were fortifying it."
Recognize the Ministry of Truth? How many things in the last few years have been redefined to be the opposite of reality?
Google the definition of "bigot" if you doubt me. https://t.co/CNU888fxr4 pic.twitter.com/UEhRBOtUB6
A "pillow guy" has military-grade intercepts detailing the IP addresses and device MAC IDs of EVERY incursion into every county in the
God bless the pillow manufacturer.
— David Burney (@jdburney1) February 6, 2021
The last 30 minutes details where every single incursion is recorded including IP and MAC addresses. 100% proof. pic.twitter.com/P5MVb1xGNC
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BREAKING: President Donald Trump has submitted his answers to questions from special counsel Robert Mueller
— Ryan Saavedra (@RealSaavedra) November 20, 2018
Mueller's officially end his investigation all on his own and he's gonna say he found no evidence of Trump campaign/Russian collusion during the 2016 election.
Democrats & DNC Media are going to LITERALLY have nothing coherent to say in response to that.
Mueller's team was 100% partisan.
That's why it's brilliant. NOBODY will be able to claim this team of partisan Democrats didn't go the EXTRA 20 MILES looking for ANY evidence they could find of Trump campaign/Russian collusion during the 2016 election
They looked high.
They looked low.
They looked underneath every rock, behind every tree, into every bush.
And they found...NOTHING.
Those saying Mueller will file obstruction charges against Trump: laughable.
What documents did Trump tell the Mueller team it couldn't have? What witnesses were withheld and never interviewed?
THERE WEREN'T ANY.
Mueller got full 100% cooperation as the record will show.