NOTE: I am not starting this thread to discuss the rights and wrongs of this. I am looking for nuanced and thoughtful opinions on where this might all be going.
Is it just me, or are the events taking place post-brexit UK baffling as hell? Having carefully considered what is going on I am starting to think that Theresa May is attempting to stop the whole thing from occurring. But then again, "Brexit means Brexit" and she appointed Davis and Fox to key positions to deal with it. Ok, so let's examine this for a second.
Are we to leave?
The aforementioned Liam Fox has been appointed to tender for trading partners (a job he is already making a massive pigs ear of) and David Davis has been appointed Brexit minister. Davis in particular is known for speaking his mind and just resigning if he feels he is being stepped on from above. He is a noted Eurosceptic, and will undoubtedly be looking to withdraw from the EU as much as possible. Also is the statement from the woman herself - "Brexit means Brexit". Furthermore, she has a pretty small majority at the moment. If she causes enough of a kerfuffle (by denying the right-wingers of the Tory party their pound of Euro flesh) she will find getting anything done in parliament impossible. It could be the appointment of Fox and Davis was a demand of the 1922 committee, and she is stuck with them. The shutting down of Fox's "Customs Union" statement last week does point to him not really being there by the choice of Theresa May.
Are we to stay?
She has been jetting all over the place. She has spent more time out of the country than inside of it since she became PM, and is meeting every European leader by the looks of things. Why would she do this? Is it to calm nerves? Or is it to tell them all face to face that we're leaving? Why do the latter at all? Is she trying to sort some sort of deal out to remain in the single market but leave the EU? This could be the reason she appointed Johnson (a pro-EU Tory, whatever he said recently) to the foreign office.
I was on the fence until the other day. Mark Carney is expected to lower interest rates on Thursday in response to the economic crisis this has caused. If he does I think that is a pretty sure sign that we are staying in the single market at the very least and possibly the entire EU. The reason he would lower rates is to lower the cost of borrowing and lower the cost of mortgage repayments - giving the British public more spending power. Do you remember, pre-referendum, they warned of a massive hike in interest rates?
The reason why:
But no, they are going to lower them in something they have admitted is an attempt to stimulate consumerism. Is this economic insanity? Or is this a knowing nod and a wink to the markets to not be alarmed by brexit for a certain reason? Or am I missing something?
Is it just me, or are the events taking place post-brexit UK baffling as hell? Having carefully considered what is going on I am starting to think that Theresa May is attempting to stop the whole thing from occurring. But then again, "Brexit means Brexit" and she appointed Davis and Fox to key positions to deal with it. Ok, so let's examine this for a second.
Are we to leave?
The aforementioned Liam Fox has been appointed to tender for trading partners (a job he is already making a massive pigs ear of) and David Davis has been appointed Brexit minister. Davis in particular is known for speaking his mind and just resigning if he feels he is being stepped on from above. He is a noted Eurosceptic, and will undoubtedly be looking to withdraw from the EU as much as possible. Also is the statement from the woman herself - "Brexit means Brexit". Furthermore, she has a pretty small majority at the moment. If she causes enough of a kerfuffle (by denying the right-wingers of the Tory party their pound of Euro flesh) she will find getting anything done in parliament impossible. It could be the appointment of Fox and Davis was a demand of the 1922 committee, and she is stuck with them. The shutting down of Fox's "Customs Union" statement last week does point to him not really being there by the choice of Theresa May.
Are we to stay?
She has been jetting all over the place. She has spent more time out of the country than inside of it since she became PM, and is meeting every European leader by the looks of things. Why would she do this? Is it to calm nerves? Or is it to tell them all face to face that we're leaving? Why do the latter at all? Is she trying to sort some sort of deal out to remain in the single market but leave the EU? This could be the reason she appointed Johnson (a pro-EU Tory, whatever he said recently) to the foreign office.
I was on the fence until the other day. Mark Carney is expected to lower interest rates on Thursday in response to the economic crisis this has caused. If he does I think that is a pretty sure sign that we are staying in the single market at the very least and possibly the entire EU. The reason he would lower rates is to lower the cost of borrowing and lower the cost of mortgage repayments - giving the British public more spending power. Do you remember, pre-referendum, they warned of a massive hike in interest rates?
The reason why:
We import way way more than we export. This isn't just some nebulous thing for economists, we're talking about the food you eat, the clothes you wear, the petrol in your car, your car itself, your IKEA furniture, and your Samsung telly. We don't really make all that much to sell to the world and we certainly don't grow food - we sell services. Out of the single market these services are at best severely hobbled. So without single market access the UK has to collectively work harder to produce more whilst buying less and consuming less. And that means spending less on buying stuff from amazon, less on clothes and expensive food, and putting more in investment banks that will give to industries to start building things. Increasing interest rates will lower consumption and possibly increase productivity, reducing our negative trade balance.
But no, they are going to lower them in something they have admitted is an attempt to stimulate consumerism. Is this economic insanity? Or is this a knowing nod and a wink to the markets to not be alarmed by brexit for a certain reason? Or am I missing something?