MinBane

I write what I like.

Brexit: Davis Davis proposition today not such an exit after all; pre-Brexit has proven implications for Central Bank of Ireland and Ofcom!

yes-prime-minister-clip

I am sure today that Yes Minister is fitting as the quotes in Parliament and the previous uttering words of Boris Johnson about free-movement that counter all the work of the Brexiteers during campaigning for the cause. The work that we’re to pretend that the separation from the continent would be peaceful and jolly; but the Brexiteers didn’t know and the Tories still doesn’t know.

Therefore I begin with this a re-cap of TV in 1981:

“Sir Humphrey Appleby: Well, Minister, I’m afraid that is the penalty we have to pay for trying to pretend that we’re Europeans. Believe me, I fully understand your hostility to Europe.

James Hacker: I’m not like you, Humphrey. I’m pro-Europe, I’m just anti-Brussels. I sometimes think you’re anti-Europe and pro-Brussels” (Yes Minister – ‘The Devil You Know (#2.5)” (1981).

davis-davis

Today the Brexit-Minister Hon. Davis Davis uttered these wonderful words in Parliament:

“The simple answer we have given to this before is, and it’s very important because there is a distinction between picking off an individual policy and setting out a major criteria, and the major criteria here is that we get the best possible access for goods and services to the European market. If that is included in what you are talking about then of course we would consider it.” (Watts, 2016).

So the ones leaving is now changing terms, they want to set standards that opens the market. While still being outside the Union, so the Brexiteers wants now to get the full benefit while being outside. This doesn’t fit with the hazardous statements from Martin Schulz and Jean-Claude Juncker who has said their peace about an easy transition!

Certainly the European Union wants to make an example of the United Kingdom and their markets; they have to pay dearly to be part of it, while wanting to secure their borders and movement. Now, the Davis Davis wants its simplified.

bank-of-ireland

Irish Central Bank sees this already:

“He said the Central Bank’s workforce planning for next year reflects the additional resource needed to deal with applications and contingency has been built in as it is expected that the financial sector will grow materially” (…) “Mr Roux told reporters after the Dublin event today that the Central Bank was seeing applications for new business and the licensing of firms who are not present here” (…) “He also said it was seeing very significant indications from “regulated firms that are small today but want to be big tomorrow” (…) “We see the whole gamut of firms enquiring for establishing or growing in Ireland, it is MIFID (markets in financial instruments directive) firms, insurance companies, CSDs (central securities depositories) and payments institutions,” he added” (Rte, 2016).

So when businesses are looking towards Dublin, which is in EU and already part of the European Single Market; the London based firms might move to Dublin to secure their profit-lines and such. Even the Central Bank of Ireland is seeing this. This must really hurt the Brexiteers who fought well, but didn’t think of the implications. Davis Davis sees this now and wants to be able to go out of being EU Member State, but still being part of EU Single Market.

That is really the Norwegian EFTA model, but they will have hard time and pay lots of funds to get what they have now and would also betray the democratic values of majority vote that wanted a true separation, which this isn’t. Then the Tories will do the same trick as the Norwegian Government did to their public, when they signed the EFTA and made agreements to join the EU Single Market, but not having the EU Member State privileges. Something the United Kingdom is losing with triggering the Article 50 of the Lisbon Treaty.

This is so special and so weird. That Hon. Davis Davis are acting and flip-flopping like this. Surely the warning from Ofcom must say something as well:

mou-scotland-ofcom

“Chief executive Sharon White said that the industries her organisation oversees are “inextricably European” and could be badly hit if they are not taken into consideration when arranging the UK’s exit for the EU” (…) “Making Brexit a success matters for communications – because these services are fundamental to our lives,” she told the Institute for Government in London” (…) “She said: “The country of origin rule is a good example of an EU law that benefits member states and supports broadcasters – providing a mass audience, and promoting cultural exchange by transcending borders” (…) “But keeping this principle after Brexit will demand constructive discussions with European neighbours. Country of origin cannot endure merely by virtue of existing in UK law.” (Sky News, 2016).

So with this the broadcasters like Ofcom and Central Bank of Ireland sees the implications of the Brexit with their bare eyes. The indications are not put in light of joy and positive future, as the Irish might get more business, this means that corporations moving to Dublin instead London, because of the safety of EU Single Market that the Hon. Davis Davis wish to keep and pay Brussels, but if the EU will accept it is mere speculation.

The Tories government has decides as the Prime Minister Theresa May has to make decisions that makes the Brexit successful. But early November 2016 a leaked memo showed that the government hadn’t done due diligence or check and balance for the industries. Which is evident with the corporations planning to move and Ofcom are sceptic to the Brexit itself.

Therefore the reactions to the Brexit will continue to come for businesses and for the Parliament; the House of Commons would surely be a bit shocked by the proposition from the Brexit Minister. We all are, not like Irish paying for Welsh roads, but still spectacular thinking about how the Brexit Campaign celebrated the idea of total freedom from EU. Now they want the perks, as long as the EU accepts the fixed payments for the entry to the Single Market. Peace.

Reference:

Rte – ‘Central Bank not seeking to dissuade UK financial firms from moving to Ireland – Roux’ (01.12.2016) link: http://www.rte.ie/news/business/2016/1201/835805-central-bank-says-not-dissuading-brexit-moves/

Sky News – ‘Ofcom boss warns of Brexit impact on UK communications sector’ (01.12.2016) link: http://news.sky.com/story/ofcom-boss-warns-of-brexit-impact-on-uk-communications-sector-10679371

Watts, Joe – ‘Brexit: David Davis says UK Government could pay money to EU for single market access’ (01.12.2016) link: http://www.independent.co.uk/news/uk/politics/brexit-single-market-access-david-davis-eu-money-uk-a7449416.html

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: