The Senior Tory MP has called on both the government and Labour to show courage and admit that Brexit has failed

  • theinspectorst@kbin.socialOP
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    1 year ago

    If you’re French, you can’t buy car insurance from Italy or have a German bank account.

    They literally can and do. It’s just so seamless within the EU that people who aren’t interested may not even realise they’re dealing with a company from another EU country. Being able to sell services cross-border without extra requirements (on top of those applying EU-wide) is the whole point of the single market in services.

    • burningmatches@feddit.uk
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      1 year ago

      While technically true, the number of formal and informal barriers to a single market for retail financial services in the EU is vast. Passporting is mostly just useful for corporate/wholesale business.