It has been a bleak week in the sunny highlands of sovereign Britain as various Brexit chickens continue to return home to roost, before being questioned for several hours at Heathrow, detained at Yarl’s Wood and then deported.
Or should it be Brexit chickens? Many of the key issues appear to involve our agreement with French, which the B word has considerably reduced cordial.
Take the UK’s desire to give its huge financial services industry single market access, which was good back then before you-know-what. The good news is that our friends over the Channel are ready to help us recover this in negotiations with the EU. The bad news is that in order to do this, we will have to give French fishermen access to the fishing grounds of Jersey, the scene of protests a few weeks ago.
While Boris Johnson reflects on this capture Twenty twoBrexit fanatics are now insisting that neither fishing nor the single market will matter in the sunny highlands ahead. Matthew Lynn from Telegraph called the fishing industry that was supposed to be saved by Brexit ‘irrelevant’, adding: ‘Cornwall and St Helier are hardly crucial to the 21st century economy that we are supposed to be trying to create. no longer worth making concessions for ”, and who can doubt that when financial services are only worth £ 130 billion a year, with a third of exports to the EU?
Meanwhile, the drop of financial services jobs from London to Paris is becoming a threatening trickle. Morgan Stanley will have moved 200 positions there by the end of the year, and aims to have 400 by the end of 2024. JP Morgan is moving another 200 London employees to EY this year, mainly in the French capital . Barclays is also expanding in Paris. In total, Brexit has so far created around 2,500 new financial services jobs in Paris, as well as the transfer of 170 billion euros in assets to the French capital. Well done, everyone.
Maybe locals will thank us for this unexpected Brexit dividend when we visit friends and family who have moved to France this summer. For as long as, that is to say, as our hosts recalled that the “third country rules” now mean that they must apply mayor of their region at least one month in advance to obtain a accommodation certificate for their guests, a tedious and expensive process of filling out forms, extracting documents and paying fees before they can travel.
Happy holidays everyone, and thank you Brexit!
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