London May Become Independent City-State in Wake of Brexit
In the wake of Britain’s exit from the EU, there have been calls from many for ‘Londependence’, the Brexit-esque name for a referendum of London’s membership of the United Kingdom. Londoners voted 59.9% to 40.1% to stay in the EU. CoinTelegraph investigates the economic impacts of Britain’s exit from the EU and why this extremely radical idea may actually be a potential solution. The pro-Remain metropolitan capital. In a graphic published by the Telegraph outlining the vote breakdown on the EU referendum by regions, it is plain to see that Scotland, London and Northern Ireland were all in....
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Could a digital pound accelerate Britain’s growth post-Brexit and retake London’s status as the European financial hub? A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center in the wake of Brexit. Previously the gravitational center-point of Europe’s financial sector, London saw much of its influence lost at the end of 2020 when Britain’s exit from the European Union was finalized.The United Kingdom’s Finance Ministry will now take proposals on how to make the City of London more attractive to....
First there was Brexit or No Brexit, now the key question to ask is whether there will be a hard or a soft Brexit. If the United Kingdom takes a hard stance on the movement of people and completely moves out of the European Union in any shape and form including the EEC, then the chances are that the British Banks will lose their so-called passporting rights. Banking matters to Britain. Britain is the largest market for Euros outside of the common currency area. It is also a country that is dependent on its financial services industry for generating a large measure of its wealth. The UK’s....
Despite the Brexit, London still holds a lot of merit for the Fintech and blockchain industry moving forward. Blockchain institutions will continue to focus their attention on London, as it remains the financial capital of the world for the time being. Agentic Group, one of the more respected blockchain consortia, has opened its London Office yesterday. This is an interesting decision, as the company hopes to boost FIntech in the UK in the wake of the Brexit. Most people active in the world of blockchain and cryptocurrency have come across the name Agentic Group at some point. The New....
Britain’s Supreme Court has ruled against Prime Minister Theresa May stating that she does not have sufficient authority to enact Brexit alone, upholding a High Court decision that ruled it unconstitutional for Ms May to formally trigger Article 50 without first consulting MPs. According to Attorney General Jeremy Wright, who gave a statement after the Supreme Court Brexit ruling, he said that the Government was ‘disappointed’ by the decision to hand over power to Parliament in what many consider an historic battle, by a majority of eight to three. However, in a report from the....
Prior to the Brexit vote, an independence movement fizzled in Scotland. In the wake of Brexit, some Scots are reconsidering independence. In considering what went wrong in 2014, some blame failure to sufficiently address currency issues. In the interest of not making the same mistake again, some Scots want to consider how a national currency would work. A paper, “Scottish currency options post-Brexit,” by Dr. Craig Dalzell, an M.Sci. and Ph.D. in laser physics and photonics, notes that should Scotland begin another independence campaign, it should do so from the standpoint of using....