April 09, 2019

Way too many have kept busier defeating Brexit than saving Britain, come what may.

Sir, Philip Stafford writes “City executives describe the EU’s no-deal plans as a ‘nakedly political’ grab for London’s business” “Tail risk” April 9.

Alex Barker in “Barnier vs the Brits” FT already in November 2011, wrote about the fears of Sir Mervin King held about that some Brussels reforms would reshape a vital British industry, banking, to the benefit of eurozone rivals. 

Specifically Barker mentioned: “Underlying the alarm in London is a more visceral fear: that Mr Barnier’s backers on the mainland are using this regulatory marathon to sap London’s strength as Europe’s pre-eminent financial centre.”

And that was when Michel Barnier was only the “European internal market commissioner – a perch giving him oversight of the continent’s financial industry. Arguably, no European Union job is of more consequence for the UK.”

Well yes, there was. Now Michel Barnier, since December 2016, is the European Chief Negotiator for the United Kingdom Exiting the European Union, a job with even more consequence for the UK.

Given the previous rough relationship between Britain and Monsieur Barnier, one could have made a very well argued case that his appointment served no one well. And I am sure many EU nations would have understood that.

As a friend of Britain, I have one way or other argued the previous on several occasions, but with no luck. I believe that is because way too many were kept too interested in just defeating Brexit and so, to try for a better Brexit, did not fit their plans.


@PerKurowski