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I have a burning need to know stuff and I love asking awkward questions.

Monday, December 05, 2016

When the chickens come home to roast (yes, I did mean that)……… 

Brexit: Italian PM Matteo Renzi warns UK over EU rights.

It will be "impossible" for Brexit talks to result in a deal that gives Britons more rights than others outside the EU, Italy's PM has told the BBC. Matteo Renzi warned that leaving the EU would be a "very difficult process" - but the problems could be solved only after the UK began the exit procedure. He said the Brexit vote had been "a bad decision" but had to be respected. Meanwhile a German business leader said a so-called "hard" Brexit, rather than a "fudge", was the only option. Following the UK's vote to leave the EU in June's referendum, attention has focused on the government's likely demands in Brexit negotiations. Mr Renzi said he had been shocked and saddened by the referendum result, but repeated Mrs May's vow that "Brexit is Brexit", saying democracy had to be respected. Asked about whether there could be "flexibility" over EU rules on freedom of movement and access to the single-market, he said "I think this is a very interesting debate, because this debate will be a debate about the concept of rules in the EU." But he said that debate could only begin once the UK had triggered article 50 - the official procedure for it to start leaving the EU - and he warned: "It will be impossible to give to British people more rights than other people outside the EU."

UK spending grew strongly post-Brexit vote, ONS data shows.

The UK services sector grew 0.4% in July, much more strongly than expected in the wake of June's vote to leave the European Union. It shows consumers carried on spending as normal after June's Brexit vote. Other figures from the Office for National Statistics (ONS) show economic growth accelerated faster than thought in the run-up to the referendum. Gross Domestic Product (GDP) grew by 0.7% in the three months to the end of June, up from the 0.6% first estimated. The second-quarter figures were well up from the 0.4% growth of the previous quarter. ONS statistician Darren Morgan said: "Together this fresh data tends to support the view that there has been no sign of an immediate shock to the economy, although the full picture will continue to emerge." The figures will help the Bank of England assess policy when it next meets in November. It has already cut interest rates since the UK voted to leave the EU and has hinted there could be another one if needed.

Tory ex-ministers push for speedy Brexit.

Britain could quit the EU well within the two-year time limit laid down by Article 50 of the Lisbon Treaty, Tory ex-ministers have told Theresa May. They also called for a work permit and cap system to control the number of EU migrants coming to the UK. Led by Leave campaigner John Redwood, the "Brexit Blueprint" urges a "take it or leave it" attitude to EU trade. Mrs May, who is due to tackle Brexit at the Tory conference on Sunday, says the right deal may not be the quickest one. She has already stated that Article 50, the formal mechanism for Britain leaving the EU, will not be triggered this year - but faces calls to clarify the government's demands. The so-called Blueprint was compiled at a private conference in Oxford's All Souls College earlier this month. It was convened by former Cabinet minister Mr Redwood with other contributions from former Iain Duncan Smith, Owen Paterson, Peter Lilley and Sir William Cash. Mr Redwood told the meeting there was no reason why negotiations over the terms of British withdrawal from the EU should take anything like the two-year maximum laid down by Article 50. "It is in both sides' interest to reach an earlier agreement to reduce business uncertainty," he said. "If there is a breakdown or no likelihood of agreement, then the UK should withdraw and after the two-year period the UK will be formally out. Trade will revert to World Trade Organization rules."

Nissan boss warns on UK investment.

The boss of Nissan has warned that Brexit uncertainty and possible tariffs could damage investment in the UK's biggest car factory. Chief executive Carlos Ghosn said the firm would need "compensation" for tax barriers that might result from Britain leaving the European Union. Nissan's plant in Sunderland produces about a third of the UK's car output. The comments come amid warnings from the UK car industry about the risk of EU tariffs from Brexit. "If I need to make an investment in the next few months and I can't wait until the end of Brexit, then I have to make a deal with the UK government," Mr Ghosn, who also runs France's Renault, said at the Paris Motor Show. "You can have commitments of compensation in case you have something negative," he said. Nissan is due to decide early next year on where to build its next Qashqai sport utility vehicle. The plant at Sunderland is Nissan's biggest factory in Europe, employs 6,700 people and has the capacity to produce around 500,000 cars per year. "We would like to stay. We're happy, we have a good plant, which is productive but we cannot stay if the conditions do not justify that we stay," he added. Mr Ghosn told the BBC that the Sunderland plant would "lose competitiveness" if Brexit meant the UK had to pay 10% tariffs to import into the EU.

Brexit: May to introduce EU repeal bill in Queen's Speech.

Theresa May has said she is to introduce a "Great Repeal Bill" in the next Queen's Speech that will overturn the act that took the UK into the EU. It will remove the European Communities Act 1972 from the statute book and end the supremacy in Britain of EU law. The government will also enshrine all existing EU law into British law and anything deemed unnecessary will be abolished later. Her pledge comes as the Conservatives gather for their annual conference. The repeal of the 1972 Act will not take effect until the UK leaves the EU under the process for quitting the bloc known as Article 50. Mrs May has previously said she will not start the formal process of leaving the EU until next year. In an interview with the Sunday Times, the prime minister said the repeal bill would mark "the first stage in the UK becoming a sovereign and independent country once again. It will return power and authority to the elected institutions of our country," she said. "It means that the authority of EU law in Britain will end."

All details above from BBC News website.

[It’s interesting to see, with the Supreme Court appeal starting today, that passions have hardly cooled since the Referendum vote back in June. Yet again the crazy Right-Wing press is calling the case an affront to democracy knowing full well that not only is the case an *example* of democracy in action but the point it turns on is the essence of a democratic state – where the power lies, with the Government of the day or with Parliament itself. It is not and has never been about over riding the decision (stupid as I feel it to be) made back in June to leave the EU. It’s about using the proper procedure as laid down in our constitutional law and applying the rules not just when it’s convenient to those in power who want to rush everything through before people have an opportunity to scrutinise things properly. You do have to wonder what the Government is afraid of considering that most MP’s have publically said that they not oppose the enacting of Article 50. Hopefully we’ll be allowed to find out.]


Brian Joseph said...

It is such a time of turmoil on both sides of the Atlantic.

I hope that things end up as good as they possibly can up after the business with Brexit.

CyberKitten said...

It might, theoretically at least, be interesting to watch a country commit economic suicide - just not one you happen to be living in! I think it's the stupidest thing we've ever done - and that's saying something..... I'm confident (as you might have guessed) that it's going to be a disaster... [lol]