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"Japanese giant Sumitomo Mitsui Financial Group (SMFG) has become the third Japanese firm in less than a fortnight to unveil plans to open a business in Germany that will act as its EU hub following Brexit."
It joins Nomura and Daiwa, two other large Japanese securities groups with big EU businesses based in London, in unveiling plans to open subsidiaries in Frankfurt, a process that will require them to apply for banking licences from the German regulator. Daiwa announced its move on June 22 and Nomura followed just days later.
in other news from Japan
Japan and the EU will sign a FTA
EU and Japan set to agree trade deal after talks progress
"A deal would slash European tariffs on Japanese cars and parts, opening new markets for the likes of Toyota, and potentially affecting the competitiveness of British car factories following Brexit."
maybe this explains this
Investment in UK car industry plummets amid Brexit uncertainty
Investment in the UK car industry has fallen to just £322m in the first half of 2017, in a sign that companies are delaying or cancelling spending ahead of the UK leaving the EU. Last year £1.66bn was invested in the auto sector, more than 30 per cent down from £2.5bn in 2015, as carmakers and their suppliers delayed non-essential investment following the EU referendum in June 2016.But investment looks to have fallen even further in the first six months of this year, according to figures compiled by the Society of Motor Manufacturers and Traders, an industry body.
I really don't get the whole fear about which courts have jurisdiction. Any independent court presented with the same facts and laws will come to the same conclusion in any clear case and in any marginal case could go either way.
If something is wrong, then it doesn't really matter who finds it wrong, the British supreme court or European court, its still wrong!
Just because its not always the result that you want, doesn't mean its not just!
The implication that only 'out' courts should rule would be somehow better than the European courts would perhaps imply that our courts are maybe not independent and could be influenced by the government or public opinion - something which I really hope is not the case!
The fact that the government lost the article 50 parliamentary vote case would somewhat indicate our courts are thankfully independent from government. In fact that case was a complete waste of taxpayers money, any man and his dog could see such a constitutional change requested from a non binding referendum would require an act of parliament!
on a slight side note, i see labour are still trying to buy young votes by saying they are gonna wipe 100 billion in student debt,,,,,,,,
ffs, they will turn us into the next greece
Yes I posted months ago saying exactly that. Not sure why all the
Yes Labour got the student loan thing wrong. I have suggested that they offer a heavy subsidy for key students i.e. medics, research scientists and nurses and most of the rest can pay.
I also think they should add 1p to income tax across the board and make bigger effort to sort out the NHS which is creaking.
It's too late, by triggering A50. If the UK government would be stupid to back away, first, there would be hell to pay from the public, second there would be no rebates, no say on EU projects, no veto on voting rights, a higher cost to using the single market etc The EU would have the UK over a barrel and screw us and they know it if the UK were to retract the A50. A much worse position than currently. Grab the opportunity and see the positives.
It's too late, by triggering A50. If the UK government would be stupid to back away, first, there would be hell to pay from the public, second there would be no rebates, no say on EU projects, no veto on voting rights, a higher cost to using the single market etc The EU would have the UK over a barrel and screw us and they know it if the UK were to retract the A50. A much worse position than currently. Grab the opportunity and see the positives.
Barclays have just announced plans to move some parts of the business to Dublin as a result of Brexit
Daily Mail Headline
"Britain's exports to EU continue to grow"
That's right, with the right spin it can be made to look different. International airlines opening a little office to gain a license so they can continue exactly as before, wow.
Off course EU exports are growing, because of the exchange rate. I'm a major shareholder in a international carbon company whose business is booming in the EU in the last 12months, due to exchange rate benefits. They are doing so well they are opening a small plant in Europe, fed from the UK to maximise sales.
If those wanting to hear hinder the Brexit process risk crashing the whole process and the UK leaving Inc without any deal or arrangements.. Art 50 is ticking, no stopping the clock just about getting a deal or no deal
That's right, with the right spin it can be made to look different. International airlines opening a little office to gain a license so they can continue exactly as before, wow.
Also, don't most European to US flights go through UK airspace? Twud be a real shame if we had to make 'em take a detour
Also, don't most European to US flights go through UK airspace? Twud be a real shame if we had to make 'em take a detour
mb
It's such a none story, just like banks needing passporting to operate in the EU. A very small office will suffice to attain this. Spain and France will be up in arms if their tourism's collapses because of a pretty minded point that is so easily overcome. If multinational companies haven't taken the necessary steps ensure continuity of trade, bloody fools they're. I know what happening with companies that deal with the European market, they have already planned for such events in leaving the EU. International trade is a small percentage of the UKs GDP so it's not effecting the majority of business in the UK.
03 July 2017, 05:49 PM
