The only 'lies' Remainers actually care about is the 'extra £200 million a week for r NHS' and 'easiest trade deal in history'.

R NHS now gets more than £200m extra per week compared to 2016 and it could have been the easiest trade deal in history if the EU didn't act like a jilted ex.

For me the argument was always free trade over protectionism disguised as standards/regulations and the ability to act and adapt without needing permission from the EU.

I think thats fair, to point out that fiancial servies are more than just "stock exchange".
And that the UK has alot of "derivatives and foreign exchange" area's, where the sums of money are much larger, and they are many times bigger (35-70 times) than of Amsterdamn, in those area's.  How resent were those data points though? I dont even know where to lookup/fact check if thats actually currently true.

So William Wright, makes a good point with the "calm down people, its just stocks" take.

However he ends (the tweet chain) with:

"The City cannot afford to be complacent: we have long argued that Brexit will have a ‘drip feed’ impact on the City on jobs, activity and tax receipts. But anyone expecting the shift we have seen in equities to happen elsewhere is going to be disappointed. / ENDS"



Day after you have headlines like these:

Derivatives trade worth billions flees London for New York post-Brexit:

https://finance.yahoo.com/news/brexit-london-new-york-swaps-trading-derivatives-075711621.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cucmVkZGl0LmNvbS8&guce_referrer_sig=AQAAAHXWfERYQXzR8cINOKqluNIcOTo7J268fS6czq081kDFZFLMdxFYuOUt7mLw75qz8WJSgOZ6vpr1uEjRL6iCfgWPxbBkawDIqUz-KyoNEB7DXn3Waxs08HBmKbA9miS94fW42-7YrMSgY-6L2_SmBFuSlO9Yg2j4WJCQFMFIVkSm


"Trade worth hundreds of billions has shifted from London to New York due to Brexit.

The European derivatives market has seen a significant shift away from the UK and towards the US since Brexit officially took effect at the turn of the year.

London has traditionally dominated the European market for interest rate swaps — derivative products that let companies guard against unexpected changes in interest rates.

But New York has seen its average weekly trade in these contracts balloon by over $600bn (£435bn) since the turn of the year, data provided to Yahoo Finance UK shows. Separate figures shows London's market share has fallen by 75%."

"The data comes just a day after figures showed Amsterdam had overtaken London as Europe's share trading capital. The milestone underlines the impact of Brexit on the UK's financial services sector, which accounts for a significant chunk of the UK economy.

Derivatives are contracts between two parties based on an underlying price or asset — usually an interest rate or foreign exchange rate. The market is huge — worth a theoretical $600tn — and London has traditionally been the hub in Europe. But a failure to strike a Brexit deal covering financial services has driven business to New York, the other global hub for the market.

The International Swaps and Derivatives Association (ISDA) told Yahoo Finance UK that trading in euro-denominated interest rate swaps on US venues averaged $882.2bn per week in January. That was up from $246.2bn in January 2020 — an increase of more than 250%. The value of the overall market in New York fell by 21% in January, data showed, meaning New York was winning European business even as the market declined."

The thing is.... over time, will William Wright be proved correct?

Is this just a drop in the bucket? doesnt really effect the UK fiancial markets?
Or is it a death by a million small cuts, that mean in the years to come, the fiancial sector is alot smaller than it currently is?

London does 10 Trillion (with a T) a day in derivatives. 50-70 Trillion a week.

You're right to point out that NY is a bigger 'threat' to London than the EU but it's not like London is going to start shrinking. They might grow at a slower rate but the City is going nowhere and anyone who thinks it's success is due to the EU is delusional.

South Korea joins "Euroland" in excluding elderly from AstraZeneca vaccination.

https://www.nasdaq.com/articles/s.korea-says-wont-initially-provide-astrazeneca-coronavirus-vaccine-to-elderly-2021-02-15


Sweden seems to have problems with the AstraZeneca vaccine. Doesn't fit study data (10% side effects vs. 25% side effects). Hospitals in trouble as personnel call in sick. (Imagine that happening in regions like Portugal where staff is scarce).

https://tekdeeps.com/swedish-regions-are-taking-vaccine-breaks-due-to-side-effects/

"Two Swedish regions have temporarily suspended the use of the AstraZeneca vaccine due to an unexpectedly high number of people with mild side effects.
[...] One region is Sörmland, where about 100 out of 400 vaccinated hospital staff have experienced side effects such as fever.
The reason for the temporary vaccine break is, among other things, that the region does not want to run into too many sick leaves at the same time.

According to SVT, the British-Swedish company AstraZeneca regrets the relatively high proportion of vaccinated people who experience side effects.
– It is not good. There seems to have been a greater proportion of side effects than we had expected.
– In studies, we have seen about ten percent vaccinating get these side effects, says Andreas Heddini, medical director of AstraZeneca in the Nordics, to SVT."

While there is certainly a risk of a lot of financial services to be lost to EU there are also a few things to consider:

- Based on brexit predictions from 2016-2017-2018 the City should now be devastated with dozens of thousands of jobs lost to EU. 4-5 years after we know that didnt happen so take any prediction with a big salt mine.

- If EU refuses to have a deal about financial services with London and lock UK out of EU financial services, there is a big chance London will go South-Asia style and become a soft financial paradise/tax haven regarding financial services (I believe this is UK objective anyway) which could compensate for a lot of the losses, if of course the professional predictions about the losses actually happen.

- If EU makes a deal the impact will be minimal to UK and still could be compensated somehow.

"- Based on brexit predictions from 2016-2017-2018 the City should now be devastated with dozens of thousands of jobs lost to EU. 4-5 years after we know that didnt happen so take any prediction with a big salt mine."  -EnricoPallazzo

https://www.fnlondon.com/articles/up-to-7000-financial-services-jobs-lost-since-brexit-bank-of-england-governor-says-20210106

Upto 7,000+ jobs in london financial services have been lost, since Brexit.

+

Also look at this (less jobs opening in london in that sector over time):

(this is not because they have since filled all the positions, and have no more need of new work force, its because theres less and less jobs for it)

-" If EU refuses to have a deal about financial services with London and lock UK out of EU financial services, there is a big chance London will go South-Asia style and become a soft financial paradise/tax haven regarding financial services (I believe this is UK objective anyway) which could compensate for a lot of the losses, if of course the professional predictions about the losses actually happen."

Yes tax evasion, and ease of it, is the real reason why alot of the rich in the UK wanted brexit.
So thats comeing eitherway, and so why would EU just leave large parts of a industry in the UKs hand to profit from, when it could be in the EU?
Weither it compensates for the losses (becomeing a tax heaven)... time will tell. 

In the here and now (ei. not 10years down the road), all points just lead to the sector shrinking in the UK.



-" If EU makes a deal the impact will be minimal to UK and still could be compensated somehow."

Why would the EU compensate the UK?
UK isnt in a position of power here, to say "dont take away your bussiness, we want/deserve it, otherwise we'll punish you with X,Y,Z"
The EU would just reply "you do X,Z,Y, and we do A,B,C"

*If EU makes a deal the impact will be minimal to UK and still could be compensated somehow."

Bad english, I meant UK could still compensate the impact with other initiatives like becoming a tax haven.

I shouldnt post before having some coffee  

If rich Brits pay the taxes UK imposes, it's not evasion at all.
If rich foreigners falsely become UK (or any other country) resident to pay less taxes, while actually still reside in their home country long enough to mandatorily be considered still legally residing there and doing or directing most of their business from there, then THEY are evaders. But they had no say in the decision, at least officially.

I'd like to see more updated information on this?