[...]Morgan Stanley joins Standard Chartered and Nomura, both of which also picked Frankfurt as a new EU base, and JP Morgan and Goldman Sachs, which are moving jobs out of London to various other centres. Morgan Stanley’s asset management arm is to relocate to Dublin, as several European cities woo jittery banks that will not hang around to see what final deal is hammered out between the UK and Europe before they start looking elsewhere. A competition to host the UK’s bankers post-Brexit would have as its slogan: “Better in than out.”
The question isn’t if Brexit is going to damage the UK’s financial services industry. It is how bad will that damage be.
DW: Can you explain why the ECJ is such a bone of contention in the Brexit negotiations.
Sir David Edward: No I can't. To be honest I think it's partly due to confusion between the ECJ and the Court of Human Rights in Strasbourg. They're both referred to as the European court. And the court in Strasbourg has made a number of decisions adverse to the UK which some parliamentarians at any rate considered to be an intrusion on domestic autonomy. For example there is a case where more than once the court has held that the British policy of refusing a vote to all prisoners is contrary to the Convention on Human Rights. And that is thought to be an intrusion on British sovereignty. There have been cases where the ECJ has held that British immigration policy is incompatible with EU law, which offends that particular section of the Conservative Party and particularly Mrs. May as she was home secretary [at the time]. Part of the origin is just the cry that we don't want to be ruled by foreign judges, entirely overlooking the fact that there is always a British judge in the court and the British have always had an advocate general in the ECJ.
And I think particularly in England there is a belief that the English common law is superior to other any other system of law and therefore to be told what to do by anybody else is not acceptable.
That's a pretty damning indictment if you say that members of Theresa May's cabinet don't actually understand the difference. Would that include the prime minister herself?
I think it does. For example the talk about ending the jurisdiction of the ECJ in the United Kingdom is misleading. The ECJ only has jurisdiction to decide cases that are properly brought before it. It's not to say that the ECJ has jurisdiction in the United Kingdom. It has jurisdiction to answer questions put to it by the judges of the United Kingdom and it also has jurisdiction in cases where the commission brings a case against the United Kingdom under the rules dealing with failure to fulfill EU obligations. But it doesn't have jurisdiction in the same sense as a Supreme Court or indeed any British court does.
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we went to a now defunct but sort of revered-in-memorium old movie theater, maybe ten blocks from our house, and literally feasted for years on the world's great movies, for then $1.50 to enter, often going twice a week. That was the Fox Venice.
A detailed colour-coded document reveals there is agreement on 22 “green areas” but fundamental disagreements on 14 “red” issues and a further eight “amber” areas that need further clarification.
Among the red-light issues in the document, which is dated 19 June, is the UK’s requirement for “self-sufficient” citizens such as stay-at-home parents and students to have private health insurance or comprehensive sickness insurance (CSI).
Theresa May said this would no longer be required in her official proposal to the EU in June, but it remains sticking point, according to the working paper.
“Some areas marked green, eg CSI ... or freedom of movement for Brits in the EU are puzzling. Is this a mistake, an oversight?” asked Anne-Laure Donskoy, chair of the 3million group campaigning for the rights to EU citizens in the UK.
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Several European countries aren't signed on as members, but aren't singled out for crappy trading policies.
The way Germany et al would like to treat England is shitty and hypocritical.
Long time ago..