Monday 3 September 2018

'NO DEAL' LOOMS EVER CLOSER AS BORIS INCREASES THE PRESSURE.

Boris Johnson has stuck his oar in again on the subject of Brexit and drawn a furious response from Downing Street, presumably because he's struck a nerve. At the same time, it's reported that the Treasury is in discussion with the highly political and Europhilic Governor of the Bank of England, Mark Carney, in an attempt to get him to remain in post for longer than originally agreed. Project fear remains in full swing.

On the other side of the equation, Michel Barnier, on behalf of the European Union, has made it clear that he has serious issues with various elements of Theresa May's 'Chequers deal' proposals, while it seems that the chances of the UK parliament approving Mrs May's plans, never good, are reducing by the day; neither remainers nor brexiteers seem enthusiastic about it.

Where will it all end ? Whether or not Mrs May gets her proposals through parliament, if Barnier rejects them it matters not; either way, she'll be dead in the water and Boris will be leading the race to replace her. If Boris, or another brexiteer, gains power, Mr Carney will find his wings clipped if he's been fool enough to stay on as Governor, and a 'No Deal' Brexit will be a near certainty.

One can hardly believe that this is what Barnier and his friends really want but, if they don't start being realistic very soon, that's what they're going to get.




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