Wednesday, January 16, 2019

Poor Theresa May: Brexit Vote Goes Against Her Again

     The UK's Parliament overwhelmingly rejected hep Brexit plan yesterday, as expected.  Today, a vote of confidence will be taken to see if she can survive another couple of months.  The Brexit action is scheduled to go down on March 29th.   Apparently, nobody can really assess what implications are involved in a Brexit deal: the 600+ page plan no doubt is a dense tome readable to a few professors of economics and even fewer business types who depend on the trade rules for their livelihood.
     Maybe jeremy Corbin, the staunch Brexiteer, can come up with a plan.  Isn't that laughable?  What a kook!  The man is devoid of a brain, let alone a plan that makes any sense.  The poor voters were offered a Hobbsen Choice 2 years ago when they voted 52-48% to leave the EU market.  Now, they appear to be wavering:  "What have we done?", they ask.  Interesting question that: nobody can say for sure what they've done other than expose the incompetence of the sitting government, not just in London, but also in Brussels.  Fortunately, the Pound seems to be holding up, at least for the while.  When the final results come to be known, the Pound will tumble down, down, down to reflect its true value in Europe and the world.
Good luck Mrs. May.

No comments:

Post a Comment

Biden Hosts Island Nation Leaders

       In the first ever meeting among Pacific allies, President Biden hosted a tripartite meeting in Washington, DC. His goal: to indicate ...