Monday 31 October 2016

JAPAN TIMES Brexit Headlines: 1 Oct - 31 Oct 2016

The Japan Times
Brexit Headlines



Britain's May to trigger EU divorce by end of March

WORLD / POLITICSOCT 3, 2016

Prime Minister Theresa May said on Sunday she would trigger the process to leave the EU by the end of March, offering the first glimpse of a timetable for a divorce that will redefine Britain's ties with its biggest trading partner. Britain's shock vote to ...







It's farcical for the French to lecture us on immigration, blasts Leo McKinstry

PARIS has long been known as the City of Light, a testament to its beauty, elegance and civilisation.


Tents in Paris set up by refugees
Refugees have started setting up tents in Paris
But now tragically parts of the French capital have been transformed into sprawling, squalid migrant camps. 
Many central Parisian streets are lined with rows of filthy tents, put up by young men from Africa and Asia who think that Europe owes them a living. 
This mess is a symbol of the deepening immigration disaster inflicted on the continent by treacherous, unpatriotic politicians. 

The EU has made a fetish of open borders and multiculturalism. Now in the Paris makeshift settlements we can glimpse the destructive consequences of that ideology. 
The squatter camps in the capital have expanded in recent days due partly to the closure of the Jungle in Calais. 
But the Jungle in Calais was only allowed to develop in the first place because of the same mix of cowardice, political correctness and lethargy that is enabling the Parisian tents to mushroom. 
Instead of showing robustness and determination when the Calais freeloaders first started to arrive, the French authorities were pathetically inert. 
As the camp’s population reached more than 10,000, violence became endemic and businesses were destroyed. 
We ask you to take your responsibilities and assume your moral duty
Letter to Amber Rudd
Only when the continuing viability of the port was actually threatened did the French government finally act. 
Yet what has been so intolerable about this saga has been the instinct of French politicians and pro-immigration groups to blame Britain for the shambles. 
The Jungle campers were on French territory and had been waved through to Calais by French officials. Yet somehow, in the mindset of some Gallic buck-passers, it was our fault simply because the migrants had expressed a wish to live in England. 
In the aftermath of the camp’s closure French leaders are at it again with claims that Britain must take in 1,500 “unaccompanied minors” who were living at the camp when it was closed. 
Amber Rudd in a green jacketGETTY
Activists in Paris sent a letter to Amber Rudd stating the UK should assume its moral duty
In a phone call to Theresa May on Saturday President Francois Hollande said that our Government must “play their part in subsequently welcoming these minors to the United Kingdom”. 
His demand was echoed by other figures such as Xavier Bertrand, the president of the Calais regional council who argued that “we now need the British Government to implement and accelerate the juvenile transfer process to the UK. It is a question of dignity and humanity”. 
From Paris more than 100 Left-wingers sent a pompous letter to Home Secretary Amber Rudd that stated: “We ask you to take your responsibilities and assume your moral duty by immediately organising their arrival.” 
All this Gallic emotional blackmail is as offensive as it is absurd. For a start the attempt to tug at our heartstrings will no longer work after the fiasco last week over Britain’s previous acceptance of so-called “unaccompanied minors” from Calais, many of whom turned out to be hulking young men rather than vulnerable children. 
The con trick played on the British public by the Calais agencies has permanently discredited the case for more assistance. 
Just as importantly, none of this is any business of ours. No matter how many times the phrase “my uncle in Birmingham” is heard, most of these migrants have absolutely no connection with Britain. 
If there really have been so many unaccompanied children at the camp then how on earth did they get there and why have the French done nothing about them until now? 
It sounds like Gallic negligence on an epic scale. And they have the nerve to lecture us about our supposed “moral duty”. 
French politicians are prize hypocrites. They want to focus attention on Britain to distract attention from their own spectacular failings, which have led to profound public disillusion in France with the entire political process. 
Instead of berating us President Hollande should put his own house in order. Under his hopeless leadership France has completely lost its way. 
Immigration is out of control. Militant Islam is a growing menace. France has become a land of fear and division. 
The French political class has treated its own people with contempt, refusing to defend the integrity of the nation or the fabric of society. As the Parisian squatter camps demonstrate, a grasping culture of entitlement now pervades in migrant circles, fomented by the self-serving politicians and media. 
It used to be held that the right to claim asylum was based on a genuine fear of persecution or death. 
Now the fashionable definition of a refugee is so ridiculously wide that it is applied to anyone “fleeing poverty”.
Given that there are around 1.3billion living in severe poverty around the world that label offers scope for an unrelenting deluge of new arrivals. 
It is a flood that will only accelerate under the auspices of the EU, to which French politicians remain absurdly attached despite the damage that Brussels is inflicting with its addiction to mass immigration and its hatred of traditional nationhood. 
The founding father of the European project was Frenchman Jean Monnet, as was Jacques Delors, the architect of the European Union. 
At least the British public had the sense to vote for freedom through Brexit. The French electorate will never be allowed that chance and so the nightmare of disintegration will only accelerate.
http://www.express.co.uk/comment/columnists/leo-mckinstry/726911/French-immigration-Francois-Hollande-Calais-Paris-Brexit

MP Steve Baker: We need a pragmatic approach to leaving the European Union

The UK will leave the EU. We will be an independent country, passing our own laws and governing ourselves. We will be a Global Britain, always the most passionate, most consistent ...

Monday 31 October 2016 1:03am
Steve Baker
Steve Baker is Conservative MP for Wycombe and a co-founder of The Cobden Centre, an educational charity for honest money and social progress.

EC Berlaymont Headquarters In Brussels
Steve Baker: The EU would be foolish to sever all financial
services ties with the UK (Source: Getty)


The UK will leave the EU. We will be an independent country, passing our own laws and governing ourselves. We will be a Global Britain, always the most passionate, most consistent, most convincing advocate for free trade, promoting peace and prosperity around the world.
We will seek a unique, reciprocal UK-EU arrangement of open trade in goods and services and co-operation on other matters, like counter-terrorism.
That was the Prime Minister’s message on 2 October. The only constructive choice is to help make it happen.
In that context, the Legatum Institute’s Special Trade Commission, bringing together over 200 years of experience across hundreds of trade agreements, has become the UK’s leading voice of pragmatic free trade in this transition.
Its Financial Services Briefing, released yesterday, illustrates in authoritative detail a spectrum of viable models for UK financial services trade with the EU.
The UK must be willing to rely on existing third country arrangements with the EU so we can pursue opportunities for better regulation and global growth. Nevertheless, there are strong mutual incentives to agree regulatory equivalence and continued reciprocal market access as a transitional arrangement to a full free trade agreement.
That agreement would have a comprehensive services schedule binding both parties to market access and national treatment subject only to each complying with globally-agreed standards.
Given we will be fully compliant with EU law on exit, the practical barriers are low; the obstacles are political and the pressures on our partners will increase.
Take asset management. There are 94 EU firms with passports into the UK, managing nine per cent of the £5.7 trillion assets under management here.
Meanwhile, 32 UK companies passport to the EU with six per cent of assets held by European investors. There is strong reciprocal interest here. At our exit date, we will be compliant with the UCITS V directive.
While that regulation offers many opportunities for improvement, EU members can allow asset managers to delegate their functions to firms in third countries.
Ireland permits delegation to managers in countries outside the EU, including Japan, Hong Kong, Australia and the USA.
The bottom line is that it would not be feasible for the EU or its members to cut off delegation to the UK, especially against likely objections from Ireland and Luxembourg: operating as a third-country asset manager would be viable.
However, if the UK is deemed equivalent in our withdrawal agreement – the logical consequence of our following EU law until we leave – then there is no reason we cannot continue asset management on the present basis as a transitional measure to a full bilateral free trade agreement.
With limited opportunities for growth in Europe, we must be positioned to turn outward to Asiaand Latin America, where since the crisis assets under management have grown twice as fast as in Europe.
We have a transformational opportunity to pivot towards providing better-regulated UK products to savers and investors in regions with deep and growing capital pools: that must be our strategic goal.
In investment services and market infrastructure, the new “MiFID II” rules will take affect in January 2018, introducing a new regime for authorisation of third-country firms. That provides a pathway to market access in addition to national and WTO rules.
There will be no legal obstacle to the Commission recognising the UK as equivalent under MiFID II and the alternative would be significant market disruption across the EEA.
Through member-state authorisation, third-country agreements and equivalence recognition, viable options exist for deposit takers and insurers too. In every sector, there are strong reciprocal incentives to conclude bilateral arrangements of equivalence as a transition to a modern free-trade agreement.
There is disadvantage to EU firms, for example, in failing to carry forward the preferential risk weightings of assets held in the UK.

The Special Trade Commission has shown that the foundations and incentives are in place for viable transitional arrangements for our financial services firms doing business in the EU.
Once the pragmatism of commercial incentive supplants political grandstanding, we will find we can leave the EU swiftly and successfully into a world of more competitive regulation in which the City flourishes.
http://www.cityam.com/252592/mp-steve-baker-we-need-pragmatic-approach-leaving-european

We can renew London once again post-Brexit – if we channel the can-do spirit of our ancestors in facing up to our housing and infrastructure challenges