Post

Ten years on from Britain's vote to leave the European Union, activists on June 19 used a farmer's field in England to carve out a critical verdict on the move: 'Brexit Broke Britain'

23/6/26, 7:19 am49 reposts136 likes

lizlamb.bsky.social

@lizlamb.bsky.social

23 June

Should have written "Farage broke Britain"!

EkimAydın

@ekimaydin.bsky.social

23 June

The real point of Brexit was safeguarding Offshore Wealth Networks by staying off EU's Anti-Tax Avoidance Directive (ATAD). The UK kept its control over how it interacts with its offshoring territories Cayman Islands, British Virgin Islands etc. They pool trillions in untaxed global capital there.

EkimAydın

@ekimaydin.bsky.social

23 June

UK’s commercial banks lost business transferring £900 billion in assets; thousands of jobs to Paris and Frankfurt to keep EU passporting but the UK is now the capital of European private lending ~ 40% of all European private credit assets under management (AUM) £60 billion in direct lending assets.

jako87.bsky.social

@jako87.bsky.social

23 June

The City is still in the transition period until 2027 when it is set to lose euro clearing and trade in euro derivatives. Their biggest cash cow.😂

EkimAydın

@ekimaydin.bsky.social

23 June

When central banks raised interest rates to ward off inflation for the last 5 years, US drew the lion’s share of capital flight due to its money market funds while risk lovers embraced its AI boom so London Stock Exchange lost, IPOs are so few-nobody wants scrutiny; the huge global debt is growing 😟