Discover and read the best of Twitter Threads about #transitionperiod
Most recents (3)
Whatever happens after the #transitionperiod ends, we can foresee that one or both “sides” will double down on their initial beliefs - as found in the #LeonFestinger 1956 study of the Seekers. 
Which is explained brilliantly by @TimHarford in his #CautionaryTales series (Wall Street Crash episode).
#CognitiveDissonance
#CognitiveDissonance
Yes, I will be doubling down on this prediction regardless of what happens.
Although, it’s important to note the #Festinger study also found some people looked at the information afresh, when new information became available. Seems the best approach to take.
Although, it’s important to note the #Festinger study also found some people looked at the information afresh, when new information became available. Seems the best approach to take.
1/
Brexit has happened
The 'transition' period ends at the end of 2020.
If the UK and EU can't agree a trade agreement with the EU due to other things like the #COVID19 pandemic then it will need to agree an extension of 1 or 2 years by 30 June.
Brexit has happened
The 'transition' period ends at the end of 2020.
If the UK and EU can't agree a trade agreement with the EU due to other things like the #COVID19 pandemic then it will need to agree an extension of 1 or 2 years by 30 June.
2/
A agrement to extend the 'transition' period needs to be made by 30 June and it isn't as 'easy' as extending #Article50 was because each of the EU27 needs to be asked, which isn't a last last-minute thing.
A agrement to extend the 'transition' period needs to be made by 30 June and it isn't as 'easy' as extending #Article50 was because each of the EU27 needs to be asked, which isn't a last last-minute thing.
3/
Civil and diplomatic service grandees, including Ivan Rogers, Philip Rycroft and Gus O'Donnell have called for an extension to the transition period to deal with #COVID19
"It is simple common sense"
Philip Rycroft, former head of the Brexit department
prospectmagazine.co.uk/politics/civil…
Civil and diplomatic service grandees, including Ivan Rogers, Philip Rycroft and Gus O'Donnell have called for an extension to the transition period to deal with #COVID19
"It is simple common sense"
Philip Rycroft, former head of the Brexit department
prospectmagazine.co.uk/politics/civil…
Downgrading of Moody ✅
Medicine shortages ✅
EMA moving to 🇳🇱 ✅
EBA moving to 🇫🇷 ✅
Deutsche Bank shifts 1/2 euro clearing to 🇩🇪 ✅
Honda Logistics UK closes in 2021 ✅
Car manufacturing slumped by 16.5% ✅
Aviva moving £7.8bn of assets to 🇮🇪 ✅
#TransitionPeriod
Medicine shortages ✅
EMA moving to 🇳🇱 ✅
EBA moving to 🇫🇷 ✅
Deutsche Bank shifts 1/2 euro clearing to 🇩🇪 ✅
Honda Logistics UK closes in 2021 ✅
Car manufacturing slumped by 16.5% ✅
Aviva moving £7.8bn of assets to 🇮🇪 ✅
#TransitionPeriod
USA Bank of America Merrill Lynch spending $400m (£306m) to move UK staff to 🇫🇷 ✅
BAML moves further 125 jobs to Dublin, moving European HQ from U.K. to 🇮🇪 ✅
British Bank Barclays moved £166bn clients' assets to 🇮🇪 ✅
Credit Suisse have moved 250 bankers frm UK to EU ✅
BAML moves further 125 jobs to Dublin, moving European HQ from U.K. to 🇮🇪 ✅
British Bank Barclays moved £166bn clients' assets to 🇮🇪 ✅
Credit Suisse have moved 250 bankers frm UK to EU ✅
Brexit supporting Dyson billionaire Sir James Dyson relocates HQ frm Wiltshire U.K. to 🇸🇬 ✅
Jaguar Land Rover cutting 4,500 jobs, maj in UK ✅
JP Morgan moved commercial banking & European wealth management to Luxembourg & investment banking to 🇩🇪 ✅
#TransitionPeriod
Jaguar Land Rover cutting 4,500 jobs, maj in UK ✅
JP Morgan moved commercial banking & European wealth management to Luxembourg & investment banking to 🇩🇪 ✅
#TransitionPeriod
