Yep, quite right

Mervyn King, the former Governor of the Bank of England, warned today that Brexit has dragged on “far too long” and was preventing Government from addressing underlying issues within the UK economy.

Speaking as City traders braced themselves for yet more volatility on the markets after MPs on Saturday delayed approval of Boris Johnson’s Brexit deal, Lord King said he thought most people now have the view “just do it”.

As Mark Carney has also been saying. It’s the uncertainty itself which is now doing more damage to the economy than whatever action might actually be taken. We’re at that piss or get off the pot moment. Past it actually.

21 thoughts on “Yep, quite right”

  1. Todays treason is Bercow refusing to return the Deal for a vote so they think they can fall to amending the WA bill.

    Obv the thing is to go-No Deal vote/ no WA bill to wait on No Deal on 31/10/19. A deal vote unamended is the price of avoiding No Deal.

    They will run to the Courts. CCA seems the answer. From Friday the 7 day CCA”review” will be too late even if Johnson is too weak to set it aside.

    CCA–1-Set aside the FTPA and set a GE date asap after Brexit. Set aside CCA “review” until after GE date.
    2- Set aside the Surrender Act and Meaningful vote–issue direct instructions for whatever is needed for Brexit
    3– Courts “Holiday” until after the GE.

    Broadcast to the nation saying why it was needed and how the House of Traitors made No Deal all that could be done. Say–correctly–that the GE will be the British peoples verdict on his govt.

    I am sure he will win.

    All in proportion to outrageous MP behaviour. No arrests or tanks in Whitehall…

    Job done.

  2. I suppose if you are going ,to cut your bollocks off you want it down quick with a sharp knife but its hardly an optimal solution. UK in a Changing Europe project GDP per cap after 10 yrs down 2.3% to 7 per cent (Johnson plan/ depending on higher levels of immigration) It’s £49 billion hit in the worst case. ( and yes we are paying the £35billion as I said )
    Government’s analysis suggests that even at peak British negotiating success ( those other deals aka meaningless rhetoric) would yield an increase in GDP after 15 years of 0.1% to 0.2%.
    The uncertainty caused by the widely held view amongst the young the working educated and productive that this is stupid is yet another reason not to do it at all not the primary issue and as for the “ everyone shut up and agree with me “ line or argument …..Are you six fucking years old ?
    Mark Carney`s personal remain sympathies have led to him being attacked alongside law makers and MPs out of line with ” Da Volk” has this self-harm to deal with and must mitigate as best he can. He has said he cannot solve all the problems but is ready to cut rates and we may get more QE ,we know we are getting much more borrowing .

    Well done , good job

  3. The Rambling Rose of Betrayal and foreign tyranny returns with more “evidential” hot air from sprightly traitors like Carney that “remainia is right”. What underwhelming surprise.

    I almost hope for civil war Facepaint. A chance to settle the score with scum like you would be nearly worth it.

  4. We know Boris hasn’t physically signed the Surrender Act letter.

    Ignoring for a second the issue of whether a court may now force him to sign it, is that legally important (as it stands) with regard to any response from the EU? Ie, if the EU respond, will they in fact be responding to anything of substance? If not, would it legally be a substantive or valid response?

  5. Tim, presumably you disagree with Nigel Farage that an extension is better than Boris’s withdrawal agreement?

  6. An extension is cutting our own throats. Remainiacs want Boris to eat his 31/10 claims –which will make a bigger vote split for any pre Brexit GE. Which they aren’t really offering despite SNP bullshit on the docket. Try and get it.

    The Tories are working the HoC like Saturday Wrestling from the old World of Sport. It is a Big Daddy match with Daddy in the corner waiting for the tag while his undersized oppo gets a kicking from the baddies. In this case the wicked are a 3 man tag team with Bercow the ref openly biased , joining in the illegal attacks and jeering at the audience about how he is with the bad guys and they are scummy plebs. I can imagine the roof busting rage that would have built up in those old Saturday afternoon audiences.

    With every move, every stunt Bercow and the gang pull the national red mist grows thicker–and it was already a blood coloured pea soup. Boris is building up a head of steam.

    The bit I’m not clear about–save for my CCA idea- is how they get the tag so Big Daddy can climb into the ring and start the chant “Easy…Easy..” before dishing out the punishment.

  7. No Boris has complied with the law the rest of it is all bollocks , whether the EU will think it is worth giving any more extensions I don`t know, I would think so .
    I cannot imagine what more carnage the wreckers can want? Out of the customs union, out of the single market, much poorer and not only having agreed to hand over all our cash but to carve the country up just to get what is virtually no deal but a couple of years down the line.
    There is nothing to stop us crashing out then what more can you possibly want ….a pogrom of Poles , a ritual burning of the Financial Times and Guardian, show-trials for John Major, Phillip Hammond and other 5th columnists….. banning foreign art of music ?

    How could possibly make it any worse ?

  8. In fact Facepaint –as a reward for your unwavering evil and smug arrogant treachery you deserve a place in the record books and history.

    The first UK Balloon Hanging. Not a ref to the fact you are a puffed-up balloon but to you being hanged by suspension from a helium filled balloon. Gastight enough–if only you were–so that your carcase would waft from one end of the UK to the other while all looked overhead and called out ” Behold the parched flesh of a traitor” as you passed overhead.

    A place in History you hardly deserve–but lets be generous.

  9. Well the little cunt turned down the Deal voye as he obviously was always going to. m

    Tough luck Facepaint. You will just be exiled to Molenbeek–we need your balloon.

    Again this was all predictable–so Johnson must have something up his sleeve to stop the WA Bill being amended to shite.

  10. We know 2nd ref has to be funded and the Govt won’t and CU may not carry it as DUP won’t support and Letwin has said he and his coterie wont support either amendment–but it seems foolish just to trust to luck.

  11. Show Trials sounds good, maybe just hijack l’m a celebrity get me out of here, that’s usually on round about now, just use poisonous and large hungry versions of the insects and animals.
    Sure fire ratings winner

  12. Reading this, I’m increasingly of the view that if Boris can fudge some sort of disorderly exit by next Thursday, it might well be optimum.

    The ‘zero-tariff, zero quota’ FTA that Mr Johnson wants will come with a price attached – and a higher price than that demanded of more distance countries like Canada, with which the EU recently concluded such a deal.

    That means, for example, the EU will strike a hard bargain on fish, refusing to grant access to EU markets (where 75 per cent of UK-caught fish is sold) unless the UK grants EU trawlers access to it waters.

    This dynamic will repeat itself across the trade spectrum, where the EU is clear that it will not allow the UK to have a ‘cake and eat it’ policy, where it is free to have access to EU markets and undercut the EU on social, environment and tax regulations at the same time.

    In summary, a free trade deal won’t come with a free pass into EU markets. A clean-break Brexit will come with costs; as Mrs Merkel has warned twice in the last month, the UK will be a “competitor” on the EU’s doorstep after Brexit, and it will be treated as such.

    If we sign this deal by next Thursday:

    It’s a view – and of course we have a £93 billion trade deficit and other stuff to negotiate with, etc – but one might argue that, unless we pretty much capitulate in trying to agree a FTA in the next 9 months or so, we probably aren’t going to do any meaningful deal, or at least not too much of one?

    And in which case, we may now be handing over £39 billion (or less) for just an extra 14 months of the status quo? That’s a whole lot more than our current annual membership fee; and to which we then add the downside of an extra year of uncertainty for business. I do hope Baldrick has a plan…

  13. If an extn is forced on him after all his talk about Brexit on 31/10 then Boris will be massively weakened and TBP might again be the best prospect. His deal IS liveable and can be extended –but that only applies with the magic of this time being out on time. Sans that it will just look like he is a bungler. He must be considering the CCA option–which a head of steam is growing for across the Net with every smug gurn flashed by Bercow. Johnson must do something. If his strategy now consists of hoping luck will get him by tomorrow without cunts amending the bill to Hell then he has BIG trouble. Again –all of this was foreseeable at least from days ahead so no excuses. The CCA route to victory is still there if all else has failed–including setting asap GE date after Brexit to serve as the public’s verdict. Success there will demolish any attempted retaliation by HoTraitors–changed after GE–and Courts –personnel unchanged but would not dare.

  14. Ex-Bank of England Governor Mervyn King gives his views on the Brexit situation

    The UK hating racist sexist immigrant witch cackles & prattles
    BrexitCentral Editor Jonathan Isaby debates Yasmin Alibhai-Borown on Sky News

    Isaby spot on with “HoC Can’t change Surrender Treaty after it’s signed

    @Bloke in North Dorset October 21, 2019 at 8:50 am

    I worry this is too true

  15. Tim W, Matt Kilcoyne, ASI, Mr Ecks, Theo et al : Don’t be tempted – Boris Johnson’s deal is not Brexit

    An independent analysis

    This is ‘May Mk2’ – the EU’s latest colonisation treaty for the UK

    Prepared by Brexit Facts4EU.Org with advice from a Brussels-based barrister

    Legend: ‘WA’ = Withdrawal Agreement, ‘PD’ = Political Declaration

    1. Parliament will not be sovereign – UK still to be governed by existing and new laws of the ECJ – a foreign court – and with no say over these laws. [WA articles 4, 87, 89 and 127, PD para 131]

    2. Demands payment of a sum to be decided by the EU – Minimum £39 billion but this is likely to increase and the EU decides the final sum. This must be paid BEFORE any trade deal is agreed. [WA articles 138-144, and 152-155]

    3. No trade deal with EU – Not included as this is just a divorce treaty. Any EU trade deal must ensure “a level playing field for open and fair competition” and “deep regulatory and customs cooperation”. This will make it difficult for the UK to reduce non-tariff barriers in trade deals with USA, Australia, China, etc. [PD paras 17 & 21]

    4. Prevents independent tax policy – Political Declaration still obliges UK to adopt a future relationship which will impose EU State Aid rules and “relevant tax matters” on the UK. EU specifically intends to curb UK’s ability to have “harmful tax practices”. Withdrawal Treaty also applies EU law to UK during transition period – allowing EU to sue UK, including infringement proceedings for as yet unidentified breaches of State Aid rules and billions in VAT on commodity derivative transactions dating back to 1970s. [PD para 77, WA articles 86, 93, 127].

    5. Restricts independent foreign policy – UK to be bound by international agreements concluded by the EU despite having no influence in their negotiation during the transition period and must “refrain, during the transition period, from any action… which is likely to be prejudicial” to the interests of the EU. [Articles 129(3) and (6)].

    6. Prevents independent military action – UK permanently stopped from taking “any action likely to conflict with or impede” EU’s foreign policies. Critical parts of section on foreign policy and security are not reciprocal, eg future relationship will not “prejudice the decision-making autonomy of the EU” but no such language for UK – only permitted to “maintain the right to determine how [to respond] to any invitation to participate in operations or missions”. Also, parties “agree to consider” security collaboration in European Defence Agency, European Defence Fund, and PESCO “to the extent possible under [EU law]” which is prescriptive (not permissive) obligation. Despite paying for European Defence Agency during transition, British troops in EU battlegroups will not be led by British staff officers. [WA articles 129(6-7) and 156-157, PD paras 99, 102(c)]

    7. Controls UK fishing – Common Fisheries Policy continues in UK waters during transition (which can be extended) but UK will have no say in implementation or enforcement. After transition, Political Declaration requires “cooperation on… regulation of fisheries, in a non-discriminatory manner” – code for continuing current arrangements for EU access to UK waters. Any trade deal to “ensure service providers and investors are treated in a non-discriminatory manner, including with regard to establishment” – prevents UK protecting quotas from EU purchase. [PD paras 29 and 72]

    8. Replaces one EU Commission with another – New body established with “powers equivalent to those of the European Commission”. UK must accept exclusive jurisdiction of Arbitration Panel and judgments of ECJ. Grants EU officials criminal immunity and exemption from UK tax. Imposes gagging order on UK which must keep all EU information confidential but EU can use UK information as it sees fit. [WA articles 74, 101, 104-5, 106-116, 159, 168, 174]

    9. Leaves UK with €500bn liabilities from EU Investment Bank but no profits – No rights to past and future profits made from UK investment in EIB, no rights to UK share of assets of EIB, yet UK remaining liable for risk of up to €500bn of guarantees. UK must let EU bid for UK public projects at least during transition. [WA articles 34, 75-78, 127, 143, 147, 150].

    10. EU colonisation – makes UK bystander in laws that govern it – UK permitted to send civil servant to Brussels to observe EU passing laws designed to disadvantage UK economy during transition which might last many years. EU could regulate London’s huge foreign exchange markets, impose financial transaction tax that would be collected at UK expense by HMRC but sent to foreign governments. [WA article 34]

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