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Brexit


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Let's Stay Friends...

Published:

Feb 01, 2020


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Posted In:

Brexit

Published:

Feb 01, 2020


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3 years and 3 Prime Ministers later - the UK has left the European Union. Brexit supporters were chuffed to bits celebrating last night - while others didn’t bother to participate in the festivities dubbed ‘Let’s Stay Friends’ - with pubs promoting reduced prices of German beer, French vodka, and Irish whiskey.

Fintech startups in the UK are arguing “Brexit Shmexit!” as the UK pulled in more fintech funding ($4.9b) in 2019 than China and India, and double the rest of the EU. Moreover, more than 1,000 European financial firms have plans to open their first office in post-Brexit Britain.

But it may be the humble Dover sole that ends up causing some unpleasantness in the EU - UK trade negotiations. The EU threatens to restrict the City’s market access in Europe if fishing quotas for herring, mackerel, and sole can’t get ironed out.

So, in the ups and downs that will define the next 12 months negotiations, the best advice for everyone in Europe is perhaps Kipling’s mantra, which Boris took to heart as Foreign Secretary, “treat triumph and disaster the same” and have a cup of tea!

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Let's Stay Friends


Pub chain hosts 'Let’s Stay Friends’ promotion following Brexit - Time Martin's JD Weatherspoon is holding a promotion Friday that reduces the price of drinks including beer from Germany, vodka from France and whiskey from Ireland. Read more

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A thousand EU financial firms plan to open UK offices after Brexit - More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, according to the regulatory consultancy, Bovill. Read more

Brexit Shmexit: the UK saw record fintech investment last year, trumping China and India - On the eve of Brexit, UK fintech startups are prepped for battle after a record year of investment, making up over 50% of European capital flows in the space. Read more

The Price of Fish and Finance in EU-UK Trade Talks - The EU has explicitly linked the City of London’s future market access to Britain giving ground on fish. Ireland’s prime minister Leo Varadkar told the BBC on Monday that “you may have to make concessions in areas like fishing in order to get concessions from us in areas like financial services. Read more

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When Ana ditched Andrea - She runs mega-bank Santander; he’s a top deal-maker. She offered to make him the best-paid CEO of any bank in euroland. It didn’t happen, and the $123 million lawsuits that followed shows even banking royalty can’t always get their way. Reuters special report! Read more

Elon Musk just dropped an EDM track on SoundCloud - Following Tesla posting positive earnings, the Starling project coming together, and SpaceX nailing its commercial crew flight test Musk thought it was the right time to drop the mixtape with the lyrics "Don't doubt your vibe / because it's true." Read more

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Knox - Boston based real estate investment and management platform raised a $3m Seed round led by Greycroft. Read more

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Policygenius - New York based online insurance marketplace raised a $100m Series D round led by KKR. Read more

Teller - London based financial services API raised a $4m Seed round from Lightspeed, Founders Fund and SciF VC. Read more

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