UK to lose banking and medicine agencies

The European Union is set to take prestigious agencies off the United Kingdom as the separation from the EU progresses.

And the EU is playing hard to get on trade talks in repercussions following the Brexit vote and UK government formerly proceeding with a separation.

Guardian: Britain set to lose EU ‘crown jewels’ of banking and medicine agencies

The EU is set to inflict a double humiliation on Theresa May, stripping Britain of its European agencies within weeks, while formally rejecting the prime minister’s calls for early trade talks.

The Observer has learned that EU diplomats agreed their uncompromising position at a crunch meeting on Tuesday, held to set out the union’s strategy in the talks due to start next month.

The European Banking Authority and the European Medicines Agency employ about 1,000 people, many of them British, and provide a hub for businesses in the UK. It is understood that the EU’s chief negotiator hopes the agencies will know their new locations by June, although the process may take longer. Cities such as Frankfurt, Milan, Amsterdam and Paris are competing to take the agencies, which are regarded as among the EU’s crown jewels.

And trade talks look stalled at this stage.

Meanwhile, it has emerged that Britain failed to secure the backing of any of the 27 countries for its case that trade talks should start early in the two years of negotiations allowed by article 50 of the Lisbon treaty. The position will be announced at a Brussels summit on 29 April.

The UK will have to suffer deal with the consequences of their distancing from the EU.

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30 Comments

  1. David

     /  16th April 2017

    “Britain set to lose EU ‘crown jewels’ of banking and medicine agencies”

    A regulatory agency is a ‘crown jewel’? Perhaps there is a clue here as to why the UK voted to leave.

    Reply
  2. One of a kind

     /  16th April 2017

    This is great news. (For NZ)

    It looks like the EU have decided to treat the UK as a paraiah/leper for the next 2 years.

    This means the Poms will be super motivated to look for trade agreements elsewhere including NZ and other Commonwealth countries.

    Even though they officially can’t negotiate Free Trade Agreements for 2 years I bet unofficially they will be wanting to have them ready to go come 2019

    Reply
    • Yes it does create more opportunities for non-EU countries queue up to fill the gap.

      Reply
      • One of a kind

         /  16th April 2017

        It will make the EU look pretty stupid if they shut the Poms out and the Poms end up prospering after making trade agreements with Canada/US/Australia/NZ/India and the like.

        The UK could end up being the NZ of the Northern Hemisphere – FT agreements with all and sundry and minimal tariffs.

        Apart from Europe. The good old Europeans got their noses out of joint and shut the Poms out of their festering Caliphate.

        I tell you what – if the UK economy kicks into gear after the final Brexit, then I suspect there will be a few more lining up to kick the EU for touch.

        Reply
  3. David

     /  16th April 2017

    The sobering fact is the EU has a 70billion surplus with the UK which they really need to be careful of, while Germany thinks its ok to have a current account surplus of 9% of gdp the EU is stuffed.

    Reply
    • Blazer

       /  16th April 2017

      so you favour Germany running deficits….interesting.

      Reply
      • David

         /  16th April 2017

        Germany runs a very large surplus with the rest of the EU, that means money is transferred from all those member states to Germany. Those same states are locked into a currency union with Germany, so there is no shock absorber between them and Germany.

        How long do you think that will last before something major gives? Germany either has to move money back to those states in fiscal transfers, reduce it’s surplus dramatically, or the euro will fail.

        Reply
        • Blazer

           /  16th April 2017

          so punish….success…or just admit that private central banking is no more than a manipulated….*magic show*!

          Reply
          • David

             /  16th April 2017

            Of course it’s a ‘magic show’. Money is a construct, a confidence trick.

            The only reason we tolerate it is because it works.

            Reply
          • David

             /  16th April 2017

            Blazer I am not sure how you get that I think its ok for Germany to have a massive surplus or they should run deficits, I dont.
            They are successful but in normal circumstances their currency would rise and huge imbalances would level off and reduce global instability, basically you have most of Europe making Germany wealthier while their economies get hollowed out..the Euro is unsustainable.

            Reply
            • “most of Europe making Germany wealthier”

              A cynic who has carefully researched the very beginnings of the EU, back in 1943, will not be surprised at this. Those who think the Euro has been a failure do not grasp that it was always intended to achieve precisely what David has described – the subjugation of the other European countries to Germany.

              None of the EU apparatchiks gives a toss about the millions of people financially sacrificed to achieve this. Their only concern (apart from their own pensions) is the supremacy – military, economic and social – of Germany.

              It is little consolation to the onlooker to note that the suffering countries walked right into the trap, being bribed literally witless by the EU to join, each like a monkey with clenched fist trapped inside a jar of nuts.

            • One of a kind

               /  16th April 2017

              Kind of like Europe of the war minus the little Austrian Corporal.

            • To ‘One of a kind’ – yes. A group of high-ranking Nazis (minus said ex-Corporal) decided that said ex-Corporal’s military attempt to conquer Europe was proving an unmitigated disaster. It was not only unsuccessful, it was also horrendously expensive and destructive of infrastructure and workers. So they set in motion plans for Germany to conquer the Continent by economic means. And they have succeeded.

            • Blazer

               /  18th April 2017

              thesailor has the most …splendid…tinfoil hat of all contributors on YNZ.

  4. the EU what idiots – Nose… meet knife… we will show those Brits what is what.

    The UK should let the EU know they can get stuffed. Turn their teams to “informal” talks with other major economies and have FTA’s lined up to sign as soon as the 2 years are up. And then whack a dirty big 30% tariff on all German goods. And let the Germans know that is what will happen….

    The UK is the 5th biggest economy in the world. The EU thinks it can bully the UK? The bureaucrats in Brussels and Strasbourg are in for a shock… Europe outside German and some of the small North European countries is a basket case. France, Italy, Spain, Portugal, Greece – all moribund or worse.

    The EU needs the UK. the Uk doesn’t need the EU.

    Reply
    • Blazer

       /  16th April 2017

      tariffs the answer now….amazing,so much for the efficiency of…free trade!Dave the political…dilettante.

      Reply
      • Tariff as a threat when being bullied by faceless bureaucrats is fine in my book Blaze – EU are trying to punish and bullied. Kick them in the teeth in retaliation.

        And given you are running the idea down – it must be a valid strategy : )

        Do you ever comment without a little snide remark Blaze? Ever? No didn’t think so.

        Reply
        • Blazer

           /  16th April 2017

          Consistency is a wonderful thing…dave…Surely you do not expect your assertions to go …unchallenged.I never mean to offend people.

          Reply
          • Consistency of what Blaze? When I have I ever said tariffs as a weapon and negotiating tactic are not valid?

            Come back with a direct quote from me saying tariffs are not valid as a tactic and maybe you will have a point.

            Supporting free trade is one thing, negotiating with a belligerent bureaucracy and using tariffs as a part of the negotiation is another thing all together…

            Reply
            • David

               /  16th April 2017

              Blazer you are quite annoying is there any chance just once you could actually add something useful to any debate rather than just picky snide comments.

            • Blazer

               /  16th April 2017

              @David,I can’t apologise for not agreeing with you or for pointing out….hypocrisy and …double ..standards.

            • Oh dear – caught in a little lie and cant man/woman up and withdraw. You don’t change – hypocrisy is a word that is apt for you Blaze….

            • Blazer

               /  16th April 2017

              @dave..don’t try too hard dave…make up your mind..free trade or…protection….which is it….today?

            • [Deleted. This is going too far. PG]

  5. Trumpenreich

     /  16th April 2017

    The EU is a sick, confused and dying beast. The only thing holding it together for now are Eurocrat courtiers desperate to preserve their careers and wealth.

    #MEGA (Make Europe Great Again!)

    Reply
  6. Missy

     /  18th April 2017

    Pete, be careful quoting the Guardian as fact on these issues, they are definitely anti-Brexit and have been talking down the UK’s chances of survival outside the EU since before the referendum, they are in no means an independent source when discussing Brexit, their commentary on this is very one-sided (a bit like the BBC really).

    This is not a done deal, these are the wants of the EU, they will form part of the negotiations, though it is likely, remember this is the pre-negotiation posturing.

    Reply
  1. UK to lose banking and medicine agencies – NZ Conservative Coalition

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