Westministers: May Shares the Cake

[RedToothBrush]

May's Speech Abbreviated:

We still have nfi how we are going to do this. EU this is your fault. You sort it out. We are too lazy, workshy and fighting like high school children to work it out ourselves. Be our whipping boy.

I support democracy as long as I get to do whatever I like
I support human rights as long as I can ignore them when I like.
I support the rule of law except when it doesn't suit my agenda.

Waffle waffle.

"Creative", "Dynamic" PR for my Premiership.

Waffle waffle

We really need policing cooperation, PLEASE keep it with us. I know I threatened to withdraw this, but I'm sorry, I was wrong and a bit of a dick about this.

Gets to the point FINALLY.

"2 year transition period"

(With another time bomb lock which is still too short for IT departments. Nothing to do with the next general election, honest).

RULE BRITANNIA!

Polite Applause.

This is for anyone that needs cheering up. I love the comparison of Brexit to those rip-off uk winter wonderlands
www.theguardian.com/commentisfree/2017/sep/22/theresa-may-speech-brexit-prime-minister-florence?CMP=Share_iOSApp_Other

Love Marina

We will know when our not is back when he reads the title of this thread as 'shares the coke'

No coverage in non-euro press I've seen.

Thanks for the vote of confidence that my 9 year old DD would do a better job than DD.

I wonder if she just fancied a trip for snazzy Italian shoes ? hmm

If you want a giggle, have a look at the DM comments- pure outrage!

TMs speech has gone down like a cup of cold sick across the board.

Looks like TM's speech went down well with the markets :

Financial Times ‏Verified account @FinancialTimes 30m30 minutes ago
UK downgraded by Moody’s amid Brexit pressures

Moody's believes that the UK government's decision to leave the EU Single Market and customs union as of 29 March 2019 will be negative for the country's medium-term economic growth prospects. Aside from the direct impact on the UK's credit profile, the loss of economic strength will further exacerbate pressures on fiscal consolidation

Moody's is no longer confident that the UK government will be able to secure a replacement free trade agreement with the EU which substantially mitigates the negative economic impact of Brexit. While the government seeks a "deep and comprehensive free trade agreement" with the EU, even such a best-case scenario would not award the same access to the EU Single Market that the UK currently enjoys. It would likely impose additional costs, raise the regulatory and administrative burden on UK businesses and put at risk the close-knit supply chains that link the UK and the EU. Also, free trade arrangements do not as a standard cover trade in services which account for close to 40% of the UK's exports to the EU and 80% of Gross Value Added in the economy given the prevalence of non-tariff trade restrictions and the need to align regulations and standards. In Moody's view, the differences of outlook between the UK and the EU suggest that the most likely outcome is now a rather more limited free trade agreement which may exclude services: the UK's desire to pursue its own regulatory policies and to avoid the jurisdiction of the European Court of Justice will make finding an agreement on services challenging. Moreover, any free trade agreement will likely take years to negotiate, prolonging the current uncertainty for businesses.

Aside from the direct impact on the UK's credit profile, weakening growth prospects are likely to exacerbate the government's evident fiscal challenges. And this is likely to be happening during a period in which policymakers will be increasingly distracted by the twin challenges of sustaining a domestic political consensus on how to operationalise Brexit and reaching agreement with EU counterparts.

Brexit carries with it a heavy policy and legislative agenda which will dominate policymaking in the years to come. In addition to ensuring a smooth exit from the EU, the UK authorities aim for significant changes to the UK's immigration policy, its broader trade policies as well as regulatory policies. With Brexit dominating the government's legislative priorities for the coming years, there is likely to be limited political capital and civil service capacity to address other challenges relating to the UK's growth potential and weak productivity growth. While Moody's continues to assess the UK's institutional strength to be very high, the challenges for policymakers and officials are substantial and rising. The recent loss of the UK government's parliamentary majority further obscures the future direction of economic policy

In addition, in order to secure a working parliamentary majority, the new government agreed a 'confidence and supply' arrangement that increases public spending by GBP1 billion for Northern Ireland. It also abandoned a pre-election promise to review the costly so-called "triple lock" on state pensions after 2020. Overall, Moody's expects spending to be significantly higher than under the government's current budgetary plans and higher than the rating agency expected when the negative outlook was assigned in June 2016.

m.moodys.com/Research.html?docid=PR_372649.

.

From Le Monde....

http://mobile.lemonde.fr/referendum-sur-le-brexit/article/2017/09/22/royaume-uni-theresa-may-veut-une-periode-de-transition-apres-le-brexit51898664872498.html?

Interesting that Macron is still saying that until the first 3 things are sorted: the financial settlement aka the divorce bill ; the rules regarding EU citizens; and Ireland, then no progress can be made on the rest.

So no change then.

I also like the use of quotation marks throughout the piece - eg une solution "creative" : it adds a touch of to its analysis of what she said.

U.K. Credit Rating Cut to Aa2 by Moody's on Fiscal Outlook (hrs after May speech)

< that won't help business confidence or the pound >

https://www.bloomberg.com/news/articles/2017-09-22/u-k-credit-rating-cut-to-aa2-by-moody-s-on-fiscal-outlook

Moody’s Investors Service cut the U.K.’s credit rating for the first time in more than four years, saying the nation’s weakening growth outlook will exacerbate fiscal pressures

In a statement Friday, the company announced a one-notch reduction from Aa1 to Aa2, the third-highest investment grade, with a stable outlook.

The move comes just hours after Prime Minister Theresa May gave a key speech on her vision for the U.K.’s separation from the European Union.
In it, May said she would seek a transition period of around two years after Brexit, but failed to outline specifics on a divorce bill that has been a sticking point in talks with the European Union.

une solution "creative Is there a French equivalent of an unpolishable turd?

Is the Moody's downgrading good news for the predatory capitalists who planned and funded this rubbish?

Placemat king-ing

Faisal Islam @ FaisalIslam
NEW: Told that while Brexit means we will be leaving the Common Agricultural Policy & CFP, appears this will follow the implementation phase

... so won't happen in March 2019, which makes some sense given we'll be paying into the Budget, biggest spending item being CAP...

... this might be one of the examples of something that could have a shorter transition than two years. Possibly. Not mentioned in speech.

NEWER: other sources in Government suggest that decision hasn't been made yet on when we leave Common Agricultural Policy.

Oh we quite like the bit where we get more money than we put in. We'd like to stay in that longer.

Something tells me someone might have objections to that one. Though I also expect them to begrudgingly let us have it, just to shut our whining up.

Transition to Beano. Cos no detail of what we are transitioning to.

I can't see what the point in Brexit is at all. Anyone spotted it yet?

Jrm on newnight doing some weird flip flop between slagging may off for betraying the will of the people and backing her stance. But totally pro Boris.

Also evan Davisstating questioning as to whether eu being ridiculous demanding the ni question solved before trade deal sorted. No Evan, no they're fucking not. That's people lives ffs

< sidebar > Stay fit to fight the good fight, Westministenders !
This winter flu is predicted to be even nastier than usual
Get vacccinated

I'm getting mine (free) at work on Monday.
Sensible German employer - we're a tech firm, not public-facing, but with huge open plan offices to "foster teamwork"

woman Downgrading means Moody think prospects for the economy have worsened.

Might well mean easier sheering of sheep, so disaster capitalists may think their own prospects have improved

• and they'll probably only worry if it looks like Brexit will go smoothly / be watered down to almost Remain / be cancelled

Piece on German elections now. First question on absence of talk of brexit. Answer: brexit is largely irrelevant to the Germans

On R North's 1st Friday blog (he wrote 3 today !)

The btl poster BritainsFish is officially representing the UK fishing industry to the govt, with umpteen meetings.
He replied to those worried about govt ignorance revealed so far:

"you would be horrified to know the detail of some of the meetings I have been at,
where mere fisherman have had to be the legal brains."

I wonder if the brexiteers are happy with this speech...

The LeaveEU link has my theory: that this vacuous speech is not what May originally planned to deliver

The Moody's report is scathing.

And it is, pretty much word for word, what was outlined as the majority-opinion scenario when the 'experts' came onto MN pre-Referendum.

Utterly depressing.

There is no way you can tell me that the majority of the 52% genuinely believed they were voting to crash the UK economy. Though I suspect that the ones who didn't vote - knowingly - to do that a. have their heads deliberately in the sand now b. have zero interest in following all this.

Brexit is the most shocking example of an act of national sabotage I can think of. Shocking because it's been done in plain sight, by democratic(-ish) means. And I cannot believe it is carrying on. It really is going to be something historians are going to enjoy looking at in years to come.

the ones who didn't vote - knowingly - to do that a. have their heads deliberately in the sand now b. have zero interest in following all this.

Tellingly, there appears to be not one single active thread on May's speech on mumsnet.

The idea that not brexiting will result in an upsurge of popular protest is such utter bunkum. Outside a small social media bubble most people wouldn't care (or would be glad).

She proudly stated how respected UK Law is throughout the world.

Does she know that there is this thing called 'the news' and that people all over the world can see it and hear it? Has she heard of 'the internet'?

Stay fit to fight the good fight
, Does everyone get flu jabs?

Although my kids have had all the 'compulsory' state ones, I don't 100% trust/believe any of them. Preferred herb teas, chilli and honey to fight my bugs, but I am Chinese about illnesses.

A nasty flu epidemic on the way is the reason, no? Started in Australia already.

What's everyone else doing?

If we lived in a sensible country, there would be mass state immunisation to prepare for this.