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Hammond: We are now objectively a European-style economy. We are on the U.S. end of the European spectrum, but we do have an open-market economy with a social model that is recognizably the European social model that is recognizably in the mainstream of European norms, not U.S. norms. And most of us who had voted Remain would like the U.K. to remain a recognizably European-style economy with European-style taxation systems, European-style regulation systems etcetera. I personally hope we will be able to remain in the mainstream of European economic and social thinking. But if we are forced to be something different, then we will have to become something different.

Welt am Sonntag: We don’t understand: Who or what would force you?

Hammond: Economic circumstances. If we have no access to the European market, if we are closed off, if Britain were to leave the European Union without an agreement on market access, then we could suffer from economic damage at least in the short-term. In this case, we could be forced to change our economic model and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do. The British people are not going to lie down and say, too bad, we’ve been wounded. We will change our model, and we will come back, and we will be competitively engaged.

That Dutch deputy PM wants to preserve his own tax haven.

The Netherlands is third in Oxfam’s tax haven league

The social-democrats are the most hypocritical of the European politicians. Don't trust them.

Good point, the Dutch Irish double sandwich.

But the prospect the whole Britain becoming one big channel island must not be tolerated. Too much competition to Ireland, Netherlands and Luxemburg.

So it goes.

...
We will see if the eurocrats have enough balls.

But never mind the bureaucrats, the hard economy facts decide what will happen.

Today EU is losing some 10e12 € per year in tax evasion. One big Channel Island more is just too much.

So it goes.