BUSY BUSY today
Brexit means Brexit
www.msn.com/en-gb/news/uknews/brexit-theresa-may-to-bypass-european-commission-and-appeal-directly-to-eu-leaders-in-attempt-to-secure-better-deal/ar-BBuZKl3?ocid=spartandhp
May trying to bypass Juncker's lot.
Lionel Barber @lionelbarber
A shadow over Liam Fox's trade role -watch this space #Brexit
Liam Fox, looks like he has a lot of sitting on his hands doing nothing ahead of him. Sounds like there is potential trouble brewing too.
Newspaper quote from article attached to above tweet:
Some of Dr Fox’s colleagues thought the trade department, which is hiring negotiators from the private sector to build up the country’s minimal expertise, would lead talk on an EU free-trade agreement.
But the prime minister’s office insists that the trade department’s remit only covers trade deals across the globe, not the detail of any new arrangement with the EU.
www.theguardian.com/commentisfree/2016/jul/29/brexit-negotiations-michel-barnier?CMP=twt_gu
Worried about Darth EU Brexit Barnier? Its fineeeeee and all under control, insists Conservative MEP Syed Kamall.
www.buzzfeed.com/patricksmith/councils-call-on-government-to-secure-under-threat-eu-funds?bftwuk&utm_term=.ur04MbG8y#.ik4jQya1r
Councils are getting even more nervous
Christian May @ChristianJMay
Well look at that. Our 'embarrassing idiot of a Foreign Sec' is speaking fluent French in his Paris press conference.
Adam Bienkov @AdamBienkov
Only in Britain are people impressed by the sight of one of their own politicians speaking a foreign language
Sums up our English inward naval gazing really doesn't it?
www.independent.co.uk/news/uk/politics/racism-brexit-immigration-eu-referendum-post-referendum-boston-least-integrated-town-a7150541.html
Post Brexit Racism in Boston
Esther Webber @estwebber
@DavidAllenGreen the Labour spox also said in that debate "the penny had dropped" for farmers since the vote
hansard.parliament.uk/Lords/2016-07-21/debates/16072156000636/FarmingImpactOfBrexit#contribution-16072156000337
House of Lords Debate on the Farming Impact of Brexit from 21 July 2016
Some cracking concerns in there.
Other Government Related stuff
The FT are reporting the following this morning:
Real reason for Hinkley delay? May's key aide fears Chinese could "shut down Britain’s energy production at will”.
Is that Brexit related or not? I think that there is a question mark over that, as we are about to invite a lot of people here to invest in the country from abroad and suddenly we get cold feet over the idea of the Chinese having such a huge stake in the UK as we somehow don’t trust them as much as we should? Hmmm….
www.thetimes.co.uk/article/get-ready-for-the-great-brexit-lobbying-boom-sg8gxcd9b?shareToken=e3d129911405d8a2fb04b0ae1dc3f8e2
Indeed the Times have a story, saying to ‘get ready for the Great Brexit Lobbying Boom, and the political ramifications that might have: with the government almost held hostage by the situation and how that might not necessarily be a good thing for the country.
I’m paywalled out, but I think there is enough there to give a flavour and raise a question even if we can’t read it all as Jo Maugham points out with an extract:
Theory suggest that large firms are more likely to engage in lobbying behaviour and have better bargaining positions against their host governments than smaller entities. Conditional on jurisdiction size, public policy choices are thus predicted to depend on the shape of a jurisdiction’s firm size distribution, with more business-friendly policies being enacted if economic activity is concentrated in a small number of entities. We empirically assess this prediction studying local business tax choices of German municipalities. Exploiting rich and quasi-experimental variation in localities’ firm size structures, we find evidence for an inverse relationship between the concentration of economic activity and communities’ business tax choices. The effect is statistically significant and quantitatively relevant, suggesting that the rising importance of large businesses may trigger shifts towards a more business-friendly design of (tax) policies.
Jo Maugham QC @JolyonMaugham
Or, Government is captive. In unconnected news, under the Tories we have the lowest corporation tax rate in the G20.
So its bye bye EU overlords, hello big business overlords. Look how well lobbying is working out in the US. Taking back control and sovereignty my arse.
Labour
www.newstatesman.com/politics/uk/2016/07/jeremy-corbyn-and-his-opponents-are-now-locked-permanent-struggle
The New Statesmen doesn’t think Labour will split now
www.telegraph.co.uk/news/2016/07/29/corbynistas-demonised-as-thugs-are-like-the-striking-miners-who/
Corbynistas are demonised like the Striking Miners were (A timely reference to Orgreave and by extension Hillsborough) says Richard Burgon MP
Business News
brexitrecord.herokuapp.com/
Website carrying an updating list of bad economic news headlines post Brexit. Something to truly bring joy to your Friday morning.
Danny Blanchflower @D_Blanchflower
huge drop in UK Econ sentiment index from 107 to 102.6 every one of the 5 components collapsed: consumer, building, retail, industry & services
www.itv.com/news/2016-07-29/barclays-warns-of-brexit-impact-as-profits-dive-21-to-2-06bn/
www.independent.co.uk/news/business/comment/barclays-pays-a-heavy-price-to-become-the-brexit-bank-a7161806.html
Barclays of the FUKD. The Brexit Bank.
www.thetimes.co.uk/article/may-faces-battle-to-keep-banking-sector-in-london-5rnntd0sw?shareToken=372c789bc2804308b0fc1d4713b24dd2
Another Paywall problem but the Times admitting that May faces battle to keep banking in London.
If the Times are reporting this, then we should be worried.
www.bbc.co.uk/news/business-36912676
Brexit knocks manufacturers confidence
www.thetimes.co.uk/article/260fc618-54fa-11e6-917c-b7a493d07de7
Ford set to raise prices in the UK.
Another paywall, another selected quote from our friend Jo Maugham QC @JolyonMaugham:
There are also fears over the future of Ford’s manufacturing operations in the UK. While it has already stopped making cars in Britain, it builds some vehicle parts here, including engines.
Ford’s Bridgend and Dagenham plants are big employers producing engines for export across the EU to factories where its vehicles are assembled.
Mr Shanks did not offer any guarantee over the future of these operations, which employ several thousand, an said “everything is going to be on the table in Europe”.
UKIP
[[http://www.huffingtonpost.co.uk/entry/nigel-farage-panic-steven-woolfe_uk_579afe6be4b07cb01dcf57df?birw51iembrqw7b9
An Ukip official has claimed Nigel Farage asked him to stand as party leader because of “panic” that frontrunner Steven Woolfe could be ineligible, the Huff Post UK can reveal.
In a message sent on Wednesday evening – and seen by Huff Post UK this morning - Ukip Deputy Treasurer Peter Jewell said “Nigel and others” have asked him to throw his hat into the ring in order to “hold the fort for a while”.
Hold the fort?! FFS. Farage already planning his return then, whilst he takes a holiday in Australia.
Focus Groups and Polls
lordashcroftpolls.com/2016/07/post-brexit-britain-and-the-new-regime-the-voters-react/#more-14828
Pollster Lord Ashcroft’s latest focus groups. Always worth a read.
I note that he suggests that Leaver still think that immigration is more important than economy.
labourlist.org/2016/07/working-people-are-losing-their-voice-its-time-to-bring-democratic-reform-back-into-the-labour-mainstream/
Labour also have a focus group today, about how working people are losing their voice.
www.newstatesman.com/politics/staggers/2016/07/youre-wrong-about-leave-voters-four-surprising-facts-about-52-cent
And the New Statement has an article about what Leave voters think. They include the fact that Leave voters have to wait longer for the bus.
Other Voices
www.independent.co.uk/news/people/stephen-hawking-warns-human-race-will-perish-if-we-do-not-change-attitudes-towards-money-we-had-over-a7161631.html
Stephen Hawking on our attitude to money. We need to learn to share.
International
www.rt.com/news/353753-turkey-protest-incirlik-base/
Russia Today are reporting about protests outside Nato’s Incirlik base. I can’t find anyone else carrying the story at the moment. This comes a day after Turkish newspaper The Daily Sabah reported that ‘Incirlik airbase was the “think tank” of plotters in Turkey’.
Remember of course North Korea said yesterday that the USA had declared war on them and two more police officers have just been shot in San Diego (one of them has died and one is in surgery in hospital). And I have managed to get through all that without mentioning Farts.
If you are still with us after that lot, and having decided to just hang yourself, Buzzfeed have a fun quiz for you today about ‘What else could go wrong in 2016?’. www.buzzfeed.com/tomphillips/rise-of-the-woozles?bftwuk&utm_term=.jjEozXeK8#.dkJ51Vae6
The only trouble is, I wonder if some of these might come true!
Oh and Mrs Mangel from Neighbours has died today.
Enjoy your weekend.