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new draft of paper: climate change and brexit as financial stability risks July 21, 2017

Posted by Bradley in : financial regulation , add a comment

Here: Climate Change and Brexit as Financial Stability Risks (July 2017 version).

brexit “negotiations” round 2 July 20, 2017

Posted by Bradley in : brexit , add a comment

After more than a year it is quite amazing that the UK “government” still seems to have no idea what its specific Brexit negotiation objectives are. Michel Barnier’s speaking points state that negotiations are not possible where there is no clear British position. This is a statement which is so blindingly obvious that it should not need to be made. So there were discussions about the British exit payment. The EU 27 have set out their thinking on this question and the UK, rather than setting out details of their own thinking seem to have just said they realize they will need to pay something (Boris Johnson’s unhelpful comments about how the EU 27 should just go whistle aside) but haven’t really spelled out their ideas about how to get to the right number. And the UK position on other issues doesn’t really seem to be much clearer than this (except they seem to think very many of the EU citizens living in the UK must be criminals). It is as if most of those involved think only of the impact of what they says and do in terms of short-term domestic UK politics rather than in terms of how to achieve a successful negotiation (maybe they recognize that all possible deals for the UK are worse than EU membership?), or how to protect the future of the country.