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The deal is bad, and no deal is worse. Brexit needs to be aborted.
Plenty of people in the elite can't wait to do a new referendum to get rid of Brexit altogether.
"no-deal" probably means a lot of economic damage.
And any "deal" probably means bending over for the EU.
About 44% of UK exports go to EU countries, and the role of the city in finance is in part attached to its position in the EU.
Fishermen of any countries would still go out an fish and still be subsidized by their country. If anything the EU is the part of Europe that resists the most overfishing.
Without a deal, finance will move in part inside Europe and out of the UK.
And in any case, without a deal, the sudden change of access will mean economic disruption one way or an other. Industries serving the UK will have to move in, and others that serve the EU will have to leave. You don't move factories easily. This has a huge cost.
The English have often dreamed of raising the anchor and sailing out away from old Europe. But their country remains stubbornly stranded there.
They are much more alike continentals than they like to admit.
These are the high paying jobs that have sustained the city.
https://www.ft.com/content/a3a92744-3a52-11e6-9a05-82a9b15a8ee7
https://www.bloomberg.com/news/articles/2017-05-03/jpmorgan-to-move-hundreds-of-staff-to-three-eu-offices-on-brexit
https://www.cnbc.com/2018/12/04/reuters-america-factbox-impact-on-banks-from-britains-vote-to-leave-the-eu.html
One thing the British consumer will realize very quickly in a Brexit is their grocery bill will take a huge dive, and they'll see an increase in quantity.
Oh, and the Biggest One of All: Amazon will no longer be able to use the Dutch-Irish Sandwich to hide it's BILLIONS in UK Sales in low tax Dublin from UK Taxation.
Really? because they control where Amazon operates from? Or what it does abroad?
If the EU could stamp out these tax evasions, it would be history by now.
But the UK runs a trade surplus with the non-EU Rest of the World. Which has been growing steadily.
Because the UK relies on finance and debt, whereas Germans rely on actual skills and industries.
If anything this is going to make things worse. The UK should take a page from the Germans playbook.
JUST IN: German Foreign Minister Maas says if May's Brexit deal is rejected by parliament today there could be new talks with the EU pic.twitter.com/yAuNFzOnwM
— Reuters UK (@ReutersUK) January 15, 2019
WATCH | "Your decision. Not politicians. Not Parliament. Just you."
— Leave.EU (@LeaveEUOfficial) December 7, 2018
This is what we were told by the leader of our country when casting our vote. Now our Remain Parliament wants to take back control from the people because we "got it wrong". Remember MPs, you work for us! ? pic.twitter.com/mYwWPNsNdr
If May falls, watch other politicians argue that the referendum had this or that problem and needs to redone.
The establishment is waiting to push that option.
The deal is so ridiculous it leaves the UK in customs union and puts ulster at risk. No trade deals possible because of customs union.
May must resign.