I've been mocked since I predicted this in August 2016. Often by people who would say "I'm not going to believe a Wordpress blog over the FT." Now the FT has finally caught up with the Wordpress blog 💪🏼
That’s right &
@semperfidem2004
has been telling everyone that’d listen that this would happen. Certain retail assets have been transferred to EU offices, these sound like scary no’s, but they still produce returns for UK firms, (but on fairly low margins in any case.)
#Brexit
@RmSalih
She's done a brilliant job at the school. Excellent grades & attainment in a poor catchment area. That's what matters. Your points are just politics
The EU’s insane attempt to sue the UK for retroactive payment of VAT on derivatives transactions (see quoted THREAD) exemplifies the radical difference & incompatibility between EU & UK law. NEW THREAD
Brexit bore
@LizWebsterSBF
, who normally bangs on about farming, has is now waffling about its impact on the City 🙄. Nothing original, but everything's a teachable moment & I'll use this outburst to discuss listing, the financial services downturn & deregulation 🧵
If Farage and his acolytes had taken the time before his bash to quiz the inhabitants of the financial district on Brexit advantages to the City, the answer is “none”.
However if they’d asked about the disadvantages brought about by Farage’s anti-EU crusade, they might have
Replacing Mark Sedwill as National Security adviser with David Frost while Frosty is negotiating the EU trade agreement is epic trolling, indicating that zero fucks are given about the outcome
WTF are we doing letting George Soros and David Miliband "advise" us on military integration? Who are they representing? Can
@JohnnyMercerUK
point us to a full list of "advisers" or can someone FOI it? This stinks of corruption. We need a UK version of the US FARA act
A Lebanese fellow said, criticizing my hyper localism: "but there is a lot of corruption within municipalities".
Answer: "Corruption shows very easily within municipalities".
Rebecca Long-Bailey saying Labour will "abolish quarterly reporting" for companies with <£80k revenue
Quarterly reporting is only an issue if you're quoted on the stock exchange
How many companies with <£80k revenue are quoted on the stock exchange?
Fuckwit
@festa197
@DavidHawker17
It's his hypocrisy:
You, don't hug your old mum. Meanwhile me, I'll snog my aide
No different to how I viewed Ferguson's escapade or the freely mingling G7 leaders
Snogging, mingling: good - except if you're admonishing others not to
Friends, from time to time I check up on industry statistics to check my predictions of a minor impact of Brexit on the UK financial services industry. Today I look at UK fund management (short) THREAD
@perlmutations
@RaniaKhalek
Wrong way around. The way evidence emerged about Spacey & Weinstein shows it would have emerged about Trump - had it existed
It doesn't
"We're not the leader of the world any longer."
Classicist Mary Beard says Britain isn't "terribly efficient" and we ought to "work out how we're going to be an ordinary country"
WATCH:
#newsnight
|
@wmarybeard
|
#Brexit
This is delicious. Now that the story of job losses in the City because of Brexit is dead, they have switched to saying, with no trace of irony, the City has a shortage of labor - because of Brexit
It’s been a long time since I’ve posted any blogs or written any detailed threads (too busy with the day job). Today I want to revisit City exports to the EU and clear up a little mystery arising from a discussion with
@SamuelMarcLowe
(formerly CER, now Flint). THREAD …
Brexit restores the sovereignty of British parliament over the UK
No parliament can bind the hands of subsequent parliaments, or else those parliaments would not be sovereign
So the MPs in this parliament need to stop their games
So that's it? BBC thinks it can hire Left wing activists all day because their views before are "completely irrelevant." The arrogance & tone deafness are mind boggling
With immediate effect, "the hated cliff edge hard Brexit which will cause a jobs Exodus from the City of London" shall be referred to as "the hated cliff edge hard Brexit which will cause junior banker bonuses in the City of London to jump 60%"
46/ EU regulation is a one way street. Always increased, never repealed. Its prescriptive legal framework is harmful to UK common law, embodied in English contract law, which is one of the UK’s greatest competitive advantages.
#Brexit
saved your British asses END
I think it would be best for the UK if Sunak became PM. I'm not kidding. I think the Tories are going to lose the next election & blame for that must rest with Sunak & his Remoaner, wet, one nation faction THREAD
@uk_sf_writer
@DavidHawker17
@GBNEWS
I normally go along with that, except Hancock was solemnly admonishing us plebs not to hug. As long as you practice what you preach I don't care what you get up to
4/ The essential difference between the EU’s prescriptive, Napoleonic law & UK common law is that EU law seeks to tell you what is permitted, whereas according to UK common law you can do as you please as long as the law does not prohibit it (double negative)
Fascinating article by Frost, saying very candidly that the UK only signed the TCA under duress, brought about by the Remoaner 5th columnists like Benn. Great article
14/ If London's position as the financial centre of Europe were ever in question, this court ruling ends that debate for good. END (of thread & of Remoaner arguments forever)
@LizWebsterSBF
10/ Rather than resort to vague, waffly metaphors, let's look at hard data. The isolated jobs impact of Brexit was way below what the Remoaners forecast
@lionandfox6773
@Brexit365
@pouparts_junc
I predicted 5k City job losses due to Brexit
Bruegel predicted 35k
Oliver Wyman predicted 75k
EY predicted 230k
The actual number is currently 7k (and reducing)
I was right, the "experts" were wrong
We've known that Russiagate was fake for years, but this evidence that Twitter knew the Hamilton 68 Russian bots story was fake but suppressed the story us eye opening
@LizWebsterSBF
26/ That's all for now folks, but please come in with your suggestions and I may add some more. Thank you
@LizWebsterSBF
for providing me with a spur to write this thread with your ignorant & foolish comment
When I die, I've left strict instructions to ensure I'm wearing a mask when I'm put in the casket & buried. You can never be too careful. I want to keep myself & others safe throughout my natural life post-Covid & beyond
@GiveUsAQuid
@LizWebsterSBF
23/ There are a few recommendations. The UK could abolish all of the gender gap reporting and other woke requirements for listed companies. Companies need to serve their customers, observe the law & pay their bills. That's. It.
14/ Bear this in mind whenever you hear idiots like this say that Reese-Mogg "moved his business to Dublin." No moron, he issued a UCITS fund company in Dublin, which his Somerset Capital fund management company manages in the UK END
So it seems Priti Patel's ability to send migrants back is limited by the EU's Dublin III protocol. So yet another
#BrexitBenefit
: ditching Dublin III
10/ The message sent by this judgement to every EU bank and trading firm is ... get your ass out of the EU and over to London before those nutters eat you alive
1/ The UK’s legal system (particularly English contract law) is one of its fundamental competitive advantages, which EU membership was designed to erode
Timely thread. I would add, the cult inner circle periodically metes severe punishment out to people who are exemplary true believers. The Russian Communist party did so to many veterans of WW2 1/2
A little thread about cult organization to help you understand why so many Woke people are definitely in a cult but don't necessarily know it, and also why they can perpetuate the cult without ever having studied its doctrine directly.
I noticed with Moon that if I quote retweeted him I would often find a lot of engagement with my retweet from his other followers in my notifications, without seeing any retweet from him there ...
Roger Daltry. Great singer. Sound views. Trending today because the privileged bed wetting class can't stand it when working class people have opinions
Not much media coverage of this. EY (who stopped updating their "Brexit tracker" from beginning March, admit the miniscule City job moves have run their course
Real personal antipathy towards Frost -- who I'm told was markedly/obviously less cordial than Gove when handover was done...but idea that going around him to press Johnson seems optimistic to point of naivety.
@julianHjessop
@TrevorGreetham
Trevor you realise that the Doppelganger is a counterfactual which can't be tested, so no one will ever know how reliable that estimate (your word) is
This is a huge problem. EU membership has enabled the UK blob to over-regulate & bureaucratise UK administration, i.e. "Europeanise" it. The aim should be to offer *US* companies a *lighter* regulatory environment
Truth. To be a reserve currency, you need to be able to issue debt. While everyone is calling the greenback's demise, anyone with any wealth in emerging markets is parking their wealth in US real estate & other dollar assets
5/ What financial sector midwhit ignorami like
@LizWebsterSBF
don't realise is just how irrelevant listings are in economic terms. They're 14% of Euronext's total revenue and 15% of LSEG's capital markets - which is only 19% of its total revenue!
@davidschneider
@JuliaHB1
Real UK GDP has increased every year since 2016. How do we measure this "cost"? Or is it another one of these Remoaner Alice in Wonderland numbers?
Read transcripts of
@mrjamesob
arguing repeatedly, emphatically & wholeheartedly that paedophile liar Carl Beech was a reliable, credible witness. No wonder the
#FBPE
mongs treat him like a prophet
The
#DSA
is here to protect free speech against arbitrary decisions, and at the same time protect our citizens & democracies.
My requests to
#Meta
’s Mark Zuckerberg following the terrorist attacks by Hamas against Israel — and on tackling disinformation in elections in the EU ⤵️
With immediate effect, "the hated far right Brexit will decimate the UK services industry (services are 70% of UK GDP & not covered in the trade agreement)" is revised to "the hated far right Brexit will cause a shortage of lawyers"
2/ "London volumes are lower than Paris" - the fool doesn't realise that Euronext is an amalgam of many stock exchanges through acquisition. The increase is due to amalgamation, not Brexit
@stephenthegrate
@JackPosobiec
It does if you quote the book to convict the author in court & the part you don't quote exonerates him. Don't play silly games, it's tiresome
The more you look into it, the more Ofqual looks like PHE. They're quangos staffed by insiders that fail under pressure. They grew under Blair & kept expanding under Tories ...
7/ If the
#FBPE
twats say "that's EU law, the UK are so stupid they should have known" my answer is - that shows that EU law is insane so now you can stop asking me to provide you with examples of the benefits of Brexit ...