Thursday 22 June 2017

LAUGHING STOCK OF EUROPE

A Swiss newspaper (HERE) recently said we were the laughing stock of Europe and I'm really not surprised. Look at where we are. The Chancellor is making speeches (HERE) insisting we must remain in the customs union, at least for a long transition period, while our negotiator David Davis begins talks with his counterpart on the basis we leave in March 2019. The Prime Minister negotiates with a minor Irish party, to prop up her minority government (courtesy the election own goal she scored), neither of them wanting a hard border between us and the customs union that we are planning to leave (or not depending on who you listen to).

Business after business is pleading for continued membership of the single market and the customs union but is blithely ignored even as the government tries to paint the Labour party as being anti business. George Soros, the man who broke the bank of England in 1992 says our economy is ata tipping point (HERE) and "economic reality is starting to catch up with us as household debt reaches levels last seen in 2009.

A few days ago we learned civil servants were leaving DEXEU at a rate (HERE) and today Sky news reports (HERE) a number of people have either left or are thinking of leaving the Prime Minister's business liaison group. This follows Mrs May having to sack her own two closest advisers. 

We are just about exactly one year on from the referendum and to say we are in turmoil would be a kindness. As negotiations get underway, no one knows what we are aiming for or how we are going to get there, when we might arrive or how much it is going to cost. We are in an appalling mess! How humiliating it is for all of us.