Brexit mega thread : part 9 : Winter is Coming

[Chevyimpala67]

Part 10 of our long running thread.

Not sure what to say, really, other than it is worse than I feared.

Strap in, folks. It's gonna be a rough ride...

I like how the markets calmed after Kwasi’s sacking until Truss spoke. She just doesn’t seem to get it.

The FTSE 100 made significant gains as news of Kwarteng’s sacking emerged. However, the prime minister’s appearance erased almost all of its advance in afternoon trading, with the blue chip index up just 8 points at 6,858 on the day

They thought she was brilliant a month ago.

A month is a loooonnng time in politics

They all thought Theresa May was wonderful until she wasn't. A bit like Hemingway's How did you go bankrupt? First slowly, then suddenly. It happens to virtually all of them, but for me it's a delight seeing it happen to this corrupt version of the Tory party.

More post Brexshit winning

"BMW to move production of electric Minis from UK to China"

Jeremy Hunt Parody
@JeremyHunt_MP
·
15m
The Daily Mail now seem to be unhappy with their choice for prime minister and want someone else. Someone needs to tell them you can't just have another vote because you didn't like the result!

Mark Carney in the FT

As a public servant Mark Carney declines to offer a 'value judgement' on Brexit. He's happy to give a neutral valuation though: “Put it this way, in 2016 the British economy was 90 per cent the size of Germany’s. Now it is less than 70 per cent." Boom.

Anyone else feel like chipping in and buying Dominic Cummings a pint ?

Seems his plan to raze the Tory party to the ground is working perfectly.

If only he could have applied some of that planning to making the UK better ...

FFS! The Torygraph has finally joined the real after backing the wrong horse for 6 effing years;

Project Fear was right all along...

(Along with a useful little website for removing paywalls - 12ft.io/ )

Well, well, well...

Thanks for that useful little website

It' almost like many on the Westminsterenders thread 5 (?) years ago had 'crystal balls'. You know, the ones who would take sandwiches, a coat and a few 'bob' in their pocket when going out for the day, also known as being prepared!

@HannibalHeyes (great username btw), if it wasn't so fucking tragic, I'd be gloating. Those charmers on here that called me vermin must be pleased with themselves for the mess they've made.

I've never been more sorry to have been right

Murdoch (via the Times) backing Labour again.

This time Labour should use the 100+ majority to change the voting system - reintroduce FTPA and properly redefine the UK.

The longer the farce in the UK continues the harder it is to deny that Disaster capitalism is the desired aim of 'the UK government' where it is principally the ERG who are pulling the strings. Further abuse of the NHS lining it up for sale, European companies gradually withdrawing from the UK (BMW stating that Electric Minis will be built in China Not Oxford thus also making the mega factory for EV batteries unlikely. Looking at the links between various sections of industry all point to the roots being pulled out of the UK. The UK cannot U-turn and rejoin the EU as so many bridges have been burned and the UK is becoming uninvestable.

The U.K. will have to go back to the EU eventually but that’s 10 years off. We will have to spend years in the economic wildness and defeat the Brexit ideology completely before the EU would even contemplate having us back.

For the moment it’s a question of trying to sink slowly and smoothly rather than breaking apart like the Titanic.

When even POTUS feels they have to comment, you know you are fucked as a country.

www.bbc.co.uk/news/world-63276374

The UK is a laughing stock. The markets - which the Tories naively believed they controlled - won't settle until we've got our act together. And the problem for the Tort party is those same markets have already decided that won't happen with them in charge.

It's not really rocket science, and anyone who can't grasp it must consider themselves a bit intellectually challenged. A year - fuck it , six months ago - if you had said that a UK Prime Minister and Chancellor would deliver a Hogwarts fantasy budget, the markets would have laughed you out of town.

Now it has actually happened, they aren't going to be fooled twice. Not with so much at stake.

As for Ben "what a thickie" Wallace and his promised defence upspending ... if he believed Liz Truss then I don't think I feel secure with him in charge of my defence. He might end up buying some magic beans.

All we really wanted was to be wrong about Brexit.

I think this is even worse than expected, although I suppose some of it could be due to the pandemic and the war. Although those are also easy things to hide behind.

I want to go back to the days when having a affair was a resigning offence. Now they can crash the economy and destroy everything.

It was clear to me at the start of Brexit that the Uk will have to 'suck up to'/join a large trade bloc for which remaining in the EU might have been a possibility, or to ally with the USA, China or Russia. Russia is probably out of that discussion now and of course the USA and China would never give the UK a 'starring role' in any such agreement as it is simply too small. The bridges to the EU have been largely burned so the question still remains, whose poodle is the UK going to be now?

All we really wanted was to be wrong about Brexit.

I would have been so pleased to have been wrong. But everything awful that we though would happen is happening, if in slow motion.
At the very least we should have been fast off the starting block to recover after Covid, as the new unfettered global UK. Instead we’re sinking without trace.

Pre Brexit CBI report told us that EU membership was probably worth 4-5% of UK GDP.

Post Brexit (CER -estimate) "..the final quarter of 2021, GDP was 5.2% smaller, investment 13.7% lower, and goods trade 13.6% lower than what they would have been had the UK remained in the EU."

{HannibalHeyes · Today 19:04

Pre Brexit CBI report told us that EU membership was probably worth 4-5% of UK GDP.}

And there are the opportunity costs on top of the former projections because the UK has actually been driving backwards and actively destroying so many links with science and industry that would have helped the UK recover from Covid (amongst other issues). Climate change has suddenly bounced into the major headlines with the droughts this summer and hurricanes etc elsewhere. THis is at a time when technology and collaboration that the UK is/was good at would have put the UK in the teams of development and research which Europe (perhaps coordinated by the EU as drought does not understand borders).
I drove the French/Spanish border a few weeks back and the water absent from so many reservoirs was quite stunning. The Rhine being difficult for barge navigation required the Germans to prioritise road haulage for coal to keep things ticking over. The UK has excluded itself from so many opportunities.

Labour has claimed Mark Fullbrook’s position as Downing Street chief of staff is no longer tenable after it was revealed that before his appointment he tried to change UK foreign policy by arranging for two cabinet ministers to meet Fathi Bashagha, a Libyan politician with links to the Russian Wagner Group

It really is deeply disturbing to find that Truss has deliberately chosen individuals to advise her / No 10 with such questionable links. But it’s not just her. Mark Fullbrook has worked for decades with Lynton Crosby, and he’s got a long reach into the Tory party.