Chequers White Paper

The White Paper (WP), following the agreement of (much of) the Cabinet in early July, sets out the details of the UK Government’s latest proposal for the UK to leave the European Union. This posts offers comments on selected ‘highlights’ from the paper. In her Foreword the Prime Minister refers to the result of the … More Chequers White Paper

Draft EU/UK Agreement – 1

This draft agreement was prepared by the European Commission and published on 15 March 2018: The 123-page document can be downloaded from here: https://ec.europa.eu/commission/sites/beta-political/files/negotiation-agreements-atom-energy-15mar_en.pdf This very long and tedious document translates into legal terms the intention of the EU to prevent the emergence of a dynamic and critical competitor just off its coast. In summary, … More Draft EU/UK Agreement – 1

Wisdom and War

David Cameron failed to get a fair hearing, let alone a decent deal, after he promised a renegotiation with the EU and a referendum on the outcome. He lost the subsequent Referendum; this was attributed by many as a vote on the big issue he had attempted to get Brussels to accept – immigration. When … More Wisdom and War

Canny or Carney?

A cynic is “a man who knows the price of everything and the value of nothing” [Oscar Wilde]. In relation to Brexit a typical Whitehall mandarin knows the risk of everything and the opportunity of nothing. Except they don’t know the risks, they are guessing at the cost of Brexit using estimation methods already shown … More Canny or Carney?

Quickies-3

Depressing The 1930’s Great Depression hit the USA hard but the suffering was less in the UK because in 1931 the Bank of England abandoned the Gold Standard and the Fed did not until 1933 (although it was only fully abandoned by Nixon in 1971). For the economy to recover, unemployment and low wages persisted; … More Quickies-3