Realist, not conformist analysis of the latest financial, business and political news

Brexit, The Gift That Never Stops Giving

As to what is actually going to happen given Theresa May’s loss last night who knows. We can always hope, eh? We crash out to WTO terms on March 29th and we’re free at last. The betting money doesn’t seem to think so but that’s a measure of peoples’ views rather than anything else – it’s the weight of money moving the odds, not the bookmakers.

The thing being that the current default is that no deal exit. That’s what current law says. And there has to be a majority to change that. But we’ve no majority for any other specific deal. We’ve obviously enough a majority against May’s cobbled gittery but in favour of anything?

However, just as with the no deal being the best option anyway there are other gifts that Brexit brings us:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Mara Airoldi: Brexit has created a ‘lost generation’ of public services We’ve been wasting years trying to design Brexit, at the expense of local government, the NHS and social care, says the thinktank head [/perfectpullquote]

Isn’t that lovely? they’ve not had the time to screw things up even more by trying to plan them for us. Brexit, the gift that keeps on giving, they’re all too busy with it to rule us.

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Bernie G.
Bernie G.
2 years ago

This has always been the problem with the EU: a bunch of idle hands in Brussels having to invent things to fill their time.

Samarkand Tony
Samarkand Tony
2 years ago

“The betting money doesn’t seem to think so but that’s a measure of peoples’ views rather than anything else – it’s the weight of money moving the odds, not the bookmakers.” Well, yes. And what that shows is that the overwhelming expectation – which does, of course, inform the MPs’ voting – is that there will be a postponement of Art 50, followed by either a referendum or a General Election (or both) to give the mandate needed to move forward with or cancel Brexit – and we know which it’ll be. This is, of course, exactly what I predicted… Read more »

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