Re: Article 50 puts a two year limit after the notification
> If we are very good, we might get a better then WTO deal for a couple of industries. Probably banking and financial services as if that significantly reduced we'd be utterly fucked.
Hello, May I help you, sir ? Which part of passporting rights do you not understand ? And do you really think the EU will allow the financial sector of the UK to survive ? They have two choices, at their ENTIRE discretion:
1. Allow Britain-based banks passporting rights, which goes against the many treaties, but hey, Britain has managed to negotiate many advantages compared to others in the club.
2. Disallow Britain-based banks "passporting rights", in line with treaties, forces many banks to relocate to either Dublin, Paris, Frankfurt, Madrid, Rome ...
Basically, they can choose between:
Do Britain a favour
Do themselves a favour
Merci encore, les amis!
Biting the hand that feeds IT
