www.economist.com /leaders/2019/12/13/victory-for-boris-johnsons-all-new-tories
print-edition iconPrint edition | LeadersDec 13th 2019
7-8 minutes
BRITAIN’S ELECTION on December 12th was the most unpredictable in years—yet in the end the result was crushingly one-sided. As we went to press the next morning, Boris Johnson’s Conservative Party was heading for a majority of well over 70, the largest Tory margin since the days of Margaret Thatcher. Labour, meanwhile, was expecting its worst result since the 1930s. Mr Johnson, who diced with the possibility of being one of Britain’s shortest-serving prime ministers, is now all-powerful.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Showing posts with label Brexit. Show all posts
Showing posts with label Brexit. Show all posts
Friday, December 13, 2019
Friday, September 6, 2019
Boris Johnson’s Unconservative Party
From Economist.com
print-edition iconPrint edition | LeadersSep 7th 2019
4-5 minutes
BORIS JOHNSON has been Conservative leader for little more than a month, and until this week had appeared in Parliament as prime minister only once. But that did not stop him carrying out the biggest purge in the party’s history on September 3rd. After a backbench rebellion led to a resounding defeat of his uncompromising Brexit policy, 21 moderate Conservative MPs, including seven former cabinet members and a grandson of Winston Churchill, had the whip withdrawn and were told they would not be allowed to stand as Tories at the next election.
It was the most dramatic step in a long process: the transformation of Britain’s ruling party from conservatives into radical populists. The capture of the Tories by fanatics determined to pursue a no-deal Brexit has caused the party to abandon the principles by which it has governed Britain for most of the past century. With an election looming, and the Labour opposition captured by an equally radical hard-left, the Tories’ sinister metamorphosis is terrible news.
print-edition iconPrint edition | LeadersSep 7th 2019
4-5 minutes
BORIS JOHNSON has been Conservative leader for little more than a month, and until this week had appeared in Parliament as prime minister only once. But that did not stop him carrying out the biggest purge in the party’s history on September 3rd. After a backbench rebellion led to a resounding defeat of his uncompromising Brexit policy, 21 moderate Conservative MPs, including seven former cabinet members and a grandson of Winston Churchill, had the whip withdrawn and were told they would not be allowed to stand as Tories at the next election.
It was the most dramatic step in a long process: the transformation of Britain’s ruling party from conservatives into radical populists. The capture of the Tories by fanatics determined to pursue a no-deal Brexit has caused the party to abandon the principles by which it has governed Britain for most of the past century. With an election looming, and the Labour opposition captured by an equally radical hard-left, the Tories’ sinister metamorphosis is terrible news.
Labels:
Boris Johnson,
Brexit,
Britain,
coup,
Economy,
European debt crisis,
European Union,
Populism
Friday, July 7, 2017
Britain Isn't Greece, Prime Minister
Enough austerity. The government can afford to raise spending where that would help the economy.
By The Editors
7 Ιουλίου 2017, 9:39 π.μ. EEST
Bloomberg
Britain’s government isn’t due to announce a new budget until the autumn, but debate is already raging over public-sector pay. With Brexit bearing down, the embattled prime minister, Theresa May, will have to choose between making another embarrassing U-turn and defending a policy that is both unpopular and unnecessary.
Sadly for May, the U-turn makes better sense.
By The Editors
7 Ιουλίου 2017, 9:39 π.μ. EEST
Bloomberg
Britain’s government isn’t due to announce a new budget until the autumn, but debate is already raging over public-sector pay. With Brexit bearing down, the embattled prime minister, Theresa May, will have to choose between making another embarrassing U-turn and defending a policy that is both unpopular and unnecessary.
Sadly for May, the U-turn makes better sense.
Wednesday, June 21, 2017
Brexit Bulletin: The New Political Reality
By Simon Kennedy and Robert Hutton
21 Ιουνίου 2017, 9:52 π.μ. EEST
Bloomberg
Prime Minister Theresa May will make her first attempt to engage with Britain’s new political landscape on Wednesday as she publishes a Brexit-heavy legislative program.
Queen Elizabeth II will read out the plan for the next two years. It’s set to include a bill designed to convert thousands of European Union rules into British law and another to regain control of trade policy from the bloc.
21 Ιουνίου 2017, 9:52 π.μ. EEST
Bloomberg
Prime Minister Theresa May will make her first attempt to engage with Britain’s new political landscape on Wednesday as she publishes a Brexit-heavy legislative program.
Queen Elizabeth II will read out the plan for the next two years. It’s set to include a bill designed to convert thousands of European Union rules into British law and another to regain control of trade policy from the bloc.
Tuesday, June 13, 2017
Britain’s Theresa May comes under pressure to soften her stance on Brexit
The Washington Post
By Griff Witte and Karla Adam June 12 at 3:30 PM
LONDON — When Britain voted last week in an election that ended with Prime Minister Theresa May hanging onto her job by a thread, Brexit wasn’t on the ballot.
Even though the country had split nearly down the middle in last year’s referendum – 52 percent to 48 – and continues to be closely divided, none of the major parties ran on a platform of reversing the public’s decision to leave the European Union.
Labels:
Brexit,
elections 2017,
European Union,
Geopolitics,
Terrorism
Friday, June 9, 2017
Theresa May Loses Overall Majority in U.K. Parliament
By STEVEN ERLANGER and STEPHEN CASTLE
JUNE 8, 2017
LONDON — Prime Minister Theresa May of Britain suffered a major setback in a tumultuous election on Thursday, losing her overall majority in Parliament and throwing her government into uncertainty less than two weeks before it is scheduled to begin negotiations over withdrawing from the European Union.
JUNE 8, 2017
LONDON — Prime Minister Theresa May of Britain suffered a major setback in a tumultuous election on Thursday, losing her overall majority in Parliament and throwing her government into uncertainty less than two weeks before it is scheduled to begin negotiations over withdrawing from the European Union.
Wednesday, May 31, 2017
Greece Seeks to Lure U.K.-Based Shipowners, Brokers on Brexit
by Paul Tugwell and Sotiris Nikas
31 Μαΐου 2017, 2:05 π.μ. EEST
Bloomberg
The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc.
“We’re in contact with five large ship-insurance brokers who are considering various EU member countries for the transfer of their headquarters,” Shipping Minister Panagiotis Kouroumblis said in an interview in Piraeus, Greece’s biggest port. Kouroumblis declined to name the firms as the talks are private. “We’ll meet by the latest in June to discuss the terms they’d like in order to choose Greece,” he said.
31 Μαΐου 2017, 2:05 π.μ. EEST
Bloomberg
The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc.
“We’re in contact with five large ship-insurance brokers who are considering various EU member countries for the transfer of their headquarters,” Shipping Minister Panagiotis Kouroumblis said in an interview in Piraeus, Greece’s biggest port. Kouroumblis declined to name the firms as the talks are private. “We’ll meet by the latest in June to discuss the terms they’d like in order to choose Greece,” he said.
Labels:
Brexit,
Economy,
Greek Crisis,
investments,
shipping industry
Wednesday, May 24, 2017
BlueBay Turns Short Pound as 'All Roads' Point to Hard Brexit
by Anooja Debnath
24 May 2017, 7:00 π.μ. EEST
Bloomberg
Sterling could drop to $1.20 toward end of this year: Dowding
Bundesbank’s Dombret says Brexit to be hard or very hard
The pound is heading lower whatever the outcome of the U.K.’s elections, according to BlueBay Asset Management.
24 May 2017, 7:00 π.μ. EEST
Bloomberg
Sterling could drop to $1.20 toward end of this year: Dowding
Bundesbank’s Dombret says Brexit to be hard or very hard
The pound is heading lower whatever the outcome of the U.K.’s elections, according to BlueBay Asset Management.
Monday, April 24, 2017
Brexit Bulletin: What Macron Means for May
Macron has pledged to be tough on Britain.
by Simon Kennedy
24 Απριλίου 2017, 9:30 π.μ. EEST
Bloomberg
Theresa May’s first electoral test came on Sunday in France.
Even as she heads for a general election at home, the U.K. prime minister will have been looking across the English Channel at the weekend in the knowledge that whoever wins the French presidency will have a key influence on Brexit negotiations.
Emmanuel Macron, the favorite to win next month’s run-off after the first round of votes, pledged on the campaign trail to be “pretty tough” on the British “because we have to preserve the rest of the European Union.” He also promised to coax “banks, talent, researchers, academics” to relocate to France.
Thursday, March 30, 2017
In historic break, Britain plunges into Brexit with hard negotiations still to come
The Washington Post
By Griff Witte and Michael Birnbaum March 29 at 4:17 PM
LONDON — The end came not with a bang but a letter.
Over six crisp and unsentimental pages, Britain said goodbye to the European Union on Wednesday, spelling out its hopes, wishes, threats and demands for divorce talks that will strain alliances, roil economies and consume attention across the continent over the next two years.
Coming a little over nine months after British voters stunned the world by choosing to withdraw from the E.U., the hand-delivery of the letter in Brussels officially triggered Article 50, the bloc’s never-before-used escape hatch.
Wednesday, March 29, 2017
British PM May to fire starting gun on Brexit
Wed Mar 29, 2017 | 7:15am EDT
Reuters
By Guy Faulconbridge and Elizabeth Piper | LONDON
Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.
Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting the bloc it joined in 1973.
The prime minister, an initial opponent of Brexit who won the top job in the political turmoil that followed the referendum vote, will then have two years to settle the terms of the divorce before it comes into effect in late March 2019.
Reuters
By Guy Faulconbridge and Elizabeth Piper | LONDON
Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.
Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting the bloc it joined in 1973.
The prime minister, an initial opponent of Brexit who won the top job in the political turmoil that followed the referendum vote, will then have two years to settle the terms of the divorce before it comes into effect in late March 2019.
Friday, March 24, 2017
A Bad Brexit Deal May Be Better Than No Deal After All
by Simon Kennedy
24 Μαρτίου 2017, 2:01 π.μ. EET 24 Μαρτίου 2017, 11:24 π.μ. EET
Bloomberg
The mantra within the British government as it prepares to hammer out the terms of its break-up with the European Union is that no deal is better than a bad deal.
Walking away with no regime for 230 billion pounds ($287 billion) of annual exports to the bloc and the 3.3 million Europeans in the U.K would be “perfectly OK,” says Foreign Secretary Boris Johnson. Not “frightening” at all, says Brexit czar David Davis.
24 Μαρτίου 2017, 2:01 π.μ. EET 24 Μαρτίου 2017, 11:24 π.μ. EET
Bloomberg
The mantra within the British government as it prepares to hammer out the terms of its break-up with the European Union is that no deal is better than a bad deal.
Walking away with no regime for 230 billion pounds ($287 billion) of annual exports to the bloc and the 3.3 million Europeans in the U.K would be “perfectly OK,” says Foreign Secretary Boris Johnson. Not “frightening” at all, says Brexit czar David Davis.
Wednesday, March 15, 2017
‘Brexit’ Fuels Feeling in Scotland That Time Is Right for Independence
By KATRIN BENNHOLDMARCH 14, 2017
LONDON — Scotland’s nationalists wasted no time: Just minutes after the country’s leader, Nicola Sturgeon, called on Monday for a new independence referendum, a website went live asking people to show their support on Twitter and donate to the campaign.
By Tuesday morning, 204,345 pounds, or about $249,000 — more than a fifth of the £1 million target — had been raised; pro-independence banners in Scotland’s blue-and-white colors had gone up across the country; and celebrities were offering support, including the actor Alan Cumming, who shared a Twitter post by Ms. Sturgeon, with the comment “It’s showtime!”
It was an early glimpse of the Scottish nationalists’ formidable campaign machine, evidently little diminished since the last referendum, in 2014. Support for independence rose from about 27 percent at the start of that campaign to 45 percent at the final count.
LONDON — Scotland’s nationalists wasted no time: Just minutes after the country’s leader, Nicola Sturgeon, called on Monday for a new independence referendum, a website went live asking people to show their support on Twitter and donate to the campaign.
By Tuesday morning, 204,345 pounds, or about $249,000 — more than a fifth of the £1 million target — had been raised; pro-independence banners in Scotland’s blue-and-white colors had gone up across the country; and celebrities were offering support, including the actor Alan Cumming, who shared a Twitter post by Ms. Sturgeon, with the comment “It’s showtime!”
It was an early glimpse of the Scottish nationalists’ formidable campaign machine, evidently little diminished since the last referendum, in 2014. Support for independence rose from about 27 percent at the start of that campaign to 45 percent at the final count.
Thursday, February 23, 2017
Brexit Bulletin: What Can By-Elections Tell Us About Brexit?Bre
Labour is facing a stiff challenge in its traditional heartlands.
by David Goodman
23 February 2017, 9:30 π.μ. EET
Bloomberg
Voters in Copeland and Stoke Central take center stage today in by-elections that will have an impact beyond the borders of the two constituencies.
Both districts have traditionally elected Labour MPs but voted for Brexit, putting it firmly on the agenda during the campaigns, alongside more granular local issues. That, coupled with timing of the polls and the positions of the parties involved, mean they matter more than the average by-election, according to Bloomberg’s Robert Hutton.
Tuesday, February 14, 2017
Brexit Bulletin: Can Britain Split the Difference?
The U.K. may need to drive a wedge between EU states in Brexit talks. So far the Continent is singing with one voice.
by Simon Kennedy
14 February 2017, 9:30 π.μ. EET
It now looks like Theresa May was a little naive.
Back in October, the U.K. prime minister said she hoped her commitment to start the Brexit process by the end of March would prove enough for the European Union to engage in some “preparatory work” beforehand.
“This is important,” she told the BBC. “It’s not just important for the U.K.; it’s important for Europe as a whole.”
Instead, European officials held their line that there would be “no negotiation without notification” that Britain was definitely leaving.
by Simon Kennedy
14 February 2017, 9:30 π.μ. EET
It now looks like Theresa May was a little naive.
Back in October, the U.K. prime minister said she hoped her commitment to start the Brexit process by the end of March would prove enough for the European Union to engage in some “preparatory work” beforehand.
“This is important,” she told the BBC. “It’s not just important for the U.K.; it’s important for Europe as a whole.”
Instead, European officials held their line that there would be “no negotiation without notification” that Britain was definitely leaving.
Thursday, February 9, 2017
Brexit Bulletin: Victory, But at What Price?
Theresa May is now a technicality away from starting Brexit.
by Simon Kennedy and Tim Ross
9 February 2017, 9:30 π.μ. EET
Theresa May was celebrating on Wednesday night as the House of Commons voted overwhelmingly to approve starting the Brexit process.
Not only that, but the government managed to avoid any amendment to its 137-word bill, leaving it on track to invoke Article 50 by the end of March. The unelected House of Lords will now debate the legislation, but doesn’t have the authority to derail it.
Brexit Secretary David Davis hailed the 494-122 vote as “historic” and said it was time for the county “to unite to make a success of the important task at hand.” Former UKIP leader Nigel Farage was exultant, as was one-time Tory leadership hopeful Andrea Leadsom.
by Simon Kennedy and Tim Ross
9 February 2017, 9:30 π.μ. EET
Theresa May was celebrating on Wednesday night as the House of Commons voted overwhelmingly to approve starting the Brexit process.
Not only that, but the government managed to avoid any amendment to its 137-word bill, leaving it on track to invoke Article 50 by the end of March. The unelected House of Lords will now debate the legislation, but doesn’t have the authority to derail it.
Brexit Secretary David Davis hailed the 494-122 vote as “historic” and said it was time for the county “to unite to make a success of the important task at hand.” Former UKIP leader Nigel Farage was exultant, as was one-time Tory leadership hopeful Andrea Leadsom.
Tuesday, February 7, 2017
Split by ‘Brexit,’ May and Merkel Diverge on Wider Issues, Too
By KATRIN BENNHOLD and ALISON SMALEFEB. 5, 2017
The New York Times
LONDON — In another era they could have been allies.
Both vicars’ daughters and born just a few years apart, Chancellor Angela Merkel of Germany and Prime Minister Theresa May of Britain share an understated pragmatism and conservative roots, and have made their way in the still largely man’s world of politics. But there could be so much more.
At a time when President Trump is lashing out at friend and foe, and when the macho politics of strongmen is resurgent from Moscow to Manila, when not just the European Union but high-minded Western values, free trade and security alliances are under attack, the two women might have worked together to defend the liberal global order.
Monday, February 6, 2017
U.K. Business Says Brexit Already Having a Negative Effect
by Tim Ross and Lucy Meakin
6 February 2017, 10:22 π.μ. EET 6
Brexit has already damaged businesses even before Prime Minister Theresa May triggers the start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies.
More than half -- 58 percent -- of top executives at Britain’s biggest firms said the vote to quit the bloc has had a negative impact on their businesses, the Ipsos MORI “Captains of Industry” poll found. Two-thirds of the chief executives, chairmen and directors interviewed for the survey said they believed the business situation would worsen in the next 12 months.
6 February 2017, 10:22 π.μ. EET 6
Brexit has already damaged businesses even before Prime Minister Theresa May triggers the start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies.
More than half -- 58 percent -- of top executives at Britain’s biggest firms said the vote to quit the bloc has had a negative impact on their businesses, the Ipsos MORI “Captains of Industry” poll found. Two-thirds of the chief executives, chairmen and directors interviewed for the survey said they believed the business situation would worsen in the next 12 months.
Friday, February 3, 2017
U.K.’s Brexit Plan: Prepare for Failure, Hope for Success
by Tim Ross , Robert Hutton , and Alex Morales
2 February 2017, 11:31 μ.μ. EET
Bloomberg
Prime Minister Theresa May is making plans for emergency laws to protect the U.K. economy in case Brexit negotiations break down without a free-trade deal, as concerns grow that she’ll fail to achieve the sweeping agreement she wants.
In its 75-page plan for Brexit, May’s government said on Thursday that while it was expecting to find common ground with the 27 other members of the European Union, it will prepare contingency measures to avert economic chaos if the discussions collapsed.
Thursday, February 2, 2017
Europe gets creative to win banks after Brexit
Wed Feb 1, 2017 | 10:56am EST
Reuters
By Anjuli Davies, Andrew MacAskill and John O'Donnell | LONDON/FRANKFURT
Regulators in European countries competing for post-Brexit banking business are offering London-based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say.
Global banks have warned they might have to move their European bases from Britain if its departure from the European Union means they lose "passporting" rights to operate across the bloc under the supervision of just one member state's regulator.
Brexit negotiations have yet to start and will take years but big centers like Frankfurt and Paris, as well as smaller ones like Dublin, Amsterdam and Luxembourg, are encouraging banks, insurers and fund managers to consider moving to them.
Reuters
By Anjuli Davies, Andrew MacAskill and John O'Donnell | LONDON/FRANKFURT
Regulators in European countries competing for post-Brexit banking business are offering London-based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say.
Global banks have warned they might have to move their European bases from Britain if its departure from the European Union means they lose "passporting" rights to operate across the bloc under the supervision of just one member state's regulator.
Brexit negotiations have yet to start and will take years but big centers like Frankfurt and Paris, as well as smaller ones like Dublin, Amsterdam and Luxembourg, are encouraging banks, insurers and fund managers to consider moving to them.
Subscribe to:
Posts (Atom)