Tag Archives: May

May didn’t expect this: Brexit Latest

Where May leaving no stone unturned in bringing EU members and own MP’s together on the same page, Parliament is inching toward a plan to delay Brexit as a way of preventing a chaotic no-deal departure. The pound rose. Opposition leader party John trying best to drag the UK exit from EU on 29th March in case May efforts turned no fruit out. From all major stakeholders, it’s a possible way out but temporary as it will give some extra time to May to keep hopes alive or face worst circumstances.

U.K. Parliament Moves Closer to Stopping a No-Deal Brexit

Key Developments

  • Labour Party is likely to support a backbench plan to delay Brexit and avoid no-deal
  • Brexiteer lawmakers are trying to wreck cross-party attempt to delay
  • Pro-Brexit Trade Secretary Liam Fox hints he could live with a short extension to reach a deal
  • EU Commissioner Moscovici says the extension is a ‘possible scenario’
  • Goldman Sachs sees Brexit delayed till June

Pound Pushes Through Key Level (11:45 a.m.)

The pound broke back through the $1.30 level amid continued market optimism that Parliament moves are reducing the risk of a no-deal Brexit. The currency also got some traction on the overnight report that Labour is likely to support the Cooper-Boles plan to delay Brexit, according to Jeremy Stretch, head of Group-of-10 currency strategy at Canadian Imperial Bank of Commerce.

                                           Image result for no brexit deal

Brexit-Backers Strike Back at Plan to Delay (11:30 a.m.)

With momentum in Parliament swinging toward delaying Brexit, anti-EU Conservatives are fighting back. They’ve proposed an amendment today that seeks to limit the amount of parliamentary time given to non-government business — the immediate impact would be to kill off the cross-party effort led by Yvette Cooper and Nick Boles to force a Brexit delay if there isn’t a deal.

But the latest amendment will struggle to pass even if the government backs it. Boles and the nearly 20 other Tories who support him aren’t going to vote for it. It will, though, provide an interesting preview of next week’s arithmetic.

On Twitter, Boles said his plan would be modified to “override” the Brexiters’ amendment even if it did pass.

Fox Hints He Could Accept Delay to Get Deal Done (10:10 a.m.)

Trade Secretary Liam Fox told Bloomberg Television in Davos he’s not against an extension of Article 50 in all circumstances. “A delay because we’ve got a deal and want to implement it, that would be one thing,” he said in an interview when asked about Parliament moves to delay Brexit.

It’s worth pointing out there are seven Brexit-related bills currently making their way through Parliament, according to Prime Minister Theresa May’s office, and time is getting tight to pass them all. So a kind of last-minute, short extension to Article 50 might well be needed — even if she does get her deal through Parliament.

The pound edged higher on Wednesday on growing expectations that a no-deal Brexit would be ruled out. And options also indicate investors expect a delay to exit day.

Image result for no brexit deal

CBI Slams ‘Fantasy Economics’ of No-Deal Brexit (9:05 a.m.)

The idea of a smooth no-deal Brexit is nothing more than “fantasy economics” and no amount of trade agreements with other countries can compensate for lost trade with the European Union, Confederation of British Industry Director-General Carolyn Fairbairn has warned

Speaking to Bloomberg Television’s Francine Lacqua in Davos, Fairbairn also said the vast majority of firms are not prepared for Britain to leave the EU without a trading agreement in place.

“We are talking to thousands of smaller businesses who say to us, actually we can’t we can’t be ready,” she said. “There is just so much uncertainty, our supply chains are so complex, and they are saying Brexit simply cannot be managed. That is our big concern.”

Dublin on Edge (9:05 a.m.)

In Dublin, nerves are beginning to jangle.

At first glance, the European Commission’s comment Tuesday that a no-deal Brexit would mean a return of a hard border in Ireland is a statement of the obvious. Some, however, interpret the Commission’s intervention as an effort to focus minds in Dublin on the consequences of no deal — and a harbinger of pressure to come to soften the backstop.

Agriculture Minister Michael Creed sought to calm those concerns, telling broadcaster RTE that Brussels stands united behind the withdrawal agreement, and tried to turn the focus back to London, saying the best way to avoid the issue is by Westminster backing the deal.

Fox: No-Deal Brexit Is ‘Real Possibility’ (8:40 a.m.)

U.K. Trade Secretary Liam Fox is at the World Economic Forum in Davos, where he’s telling everyone he meets that a no-deal Brexit is “a real possibility” and that they should get ready.

Liam Fox

“We’re not telling them to ‘prepare for,’ we’re telling them to ‘prepare in case of”’ a no-deal Brexit, he told BBC Radio. In the interview, he also warned that the biggest danger facing Britain — bigger even than a no-deal Brexit — was not abiding by the result of the 2016 referendum. That would be “calamitous,” he said.

Parliamentary moves to delay the U.K.’s departure from the EU if there’s no deal were backed by people who wanted to “delay Brexit indefinitely,” he said. Fox said the solution to the Brexit impasse was in changes to the Irish backstop, and that Prime Minister Prime Minister Theresa May was focusing her efforts on doing that.

Barnier Thinks Brexit Issues Can Be ‘Overcome’ (Earlier)

“I believe that we can overcome the current difficulties when we discuss that issue together,” the EU’s Brexit negotiator, Michel Barnier, said in an interview with the Luxembourg Times. A more ambitious future relationship could help make the Irish backstop — the key stumbling block in the U.K. Parliament — “less prominent,” he said.

Barnier said his impression is that the backstop “is not the central issue,” and that the key debate in the U.K. is over what the country’s future should look like. British politicians need to find a “positive majority for something,” he said.

Osborne: Delay ‘Most Likely Option’ (Earlier)

Former Chancellor of the Exchequer George Osborne has told the World Economic Forum in Davos “delay looks like the most likely option” in the Brexit process. “It gives some space.”

Police Warns of No-Deal Brexit Risk (Earlier)

Neil Basu, Assistant Commissioner of London’s Metropolitan Police, told the BBC that a no-deal Brexit “would not be good for security.”

Coming Up:

  • Theresa May takes Prime Minister’s Questions at 12 p.m.

May seeking MP’s to reconsider the deal after defeat: Brexit

Prime Minister Theresa May, facing a humiliating defeat in a crucial vote on her Brexit deal on Tuesday, pleaded with U.K. lawmakers to support her or face the “real risk” of Britain’s departure from the European Union being delayed or even canceled.

She warned opponents who won’t back her agreement because of the inclusion of a so-called backstop provision to ensure the post-Brexit Irish border stays open that there’s no deal available from the EU without it. “That isn’t going to change, however, the House votes tomorrow,” she said Monday in Parliament.

‘Not Perfect’

“It’s not perfect,” May said. “But when the history books are written, people will look at the decision of this House tomorrow and ask ‘did we deliver on the country’s vote to leave the European Union, did we safeguard our security, our economy and our union, or did we let the British people down?”’

The beleaguered prime minister was speaking after a day of maneuveringthat saw rival proposals put forward by different parts of her Conservative Party. According to people familiar with the matter, the government is considering supporting a backbench amendment to May’s Brexit motion that would ensure the backstop ends on Dec. 31 2021.

Why Ireland’s Border Commands Its Own Brexit Backstop: QuickTake

But the change, proposed by Tory member of Parliament Andrew Murrison, would put May on collision course with the EU, which argues that an end date would negate its benefit as an insurance policy.

Doomed Deal?

In any case, the deputy leader of Northern Ireland’s Democratic Unionist Party, Sammy Wilson, said the amendment didn’t offer enough to win their support. The backing of the DUP, which props up May’s minority government, is essential if May is to win other Brexit-backers over.

The talk in Parliament is not about whether May will lose the vote, but by how much. Even though some lawmakers said they would now back the prime minister, the numbers were coming in a slow drip rather than in the deluge May needs to win.

“The prime minister has completely and utterly failed” to get the legal assurances she promised the House of Commons when she pulled the vote in December, opposition Labour leader Jeremy Corbyn told lawmakers. “Absolutely nothing has changed.”

  • The DUP confirmed it will join the opposition Labour Party and vote against the deal after May failed to get legally binding agreements on the backstop
  • Tory Nick Boles published a proposed new law that would give May’s government “a few weeks” to win the support of Parliament and the EU for its Plan B — whatever it is. If that fails, the Liaison Committee of senior MPs would then have “a few weeks” to find an alternative plan that a majority in the Commons could support
  • Gareth Johnson quit as a government whip, telling the prime minister that the backstop “ensures we will be fettered in our ability to negotiate trade deals with other nations in the future”

Brexit temporary BreakThrough: May had no option other wise

May claimed UK wont get better document on their table if they wont second and own the document she has with her. It wont be anything more than division and uncertainty which is no more in favor of Britain

They need to understand and trust on the efforts we have been doing for more than 18 months now. Nothing is more apt for British people than the document i have for EU. I am doing my best efforts to bring MP all together to back my document and that’s the best in their interests.

For me there is no option or thought as NO BR EXIT deal because that’s what we got vote for in referendum in 2016 so its just an implementation of the mandate people given and we are delivering it.

A competent prime minister might have used the time to press home her advantage. To give a television statement in which she talked up the historic nature of her achievement. That she secured a Brexit deal that would deliver on the will of the people. The sunlit uplands were in touching distance. But May just couldn’t bring herself to do that.

Pound is crashing and May is helpless

3rd Minister to resign on Brexit Draft concerns

Brexit Break through, May cabinet on same page

Breaking News Brexit

British travelers will not need visas to visit the European Union for short stays even if there is a no-deal Brexit, the European Commission has said.

Britains will now enter EU under

Commissioners made the recommendation to put the UK on the visa-exempt list at a meeting in Strasbourg on Tuesday. The policy is dependent on the UK continuing to offer reciprocal visa-free access for EU citizens.

To what extent British citizens will have the right to work in the EU or move there long-term are separate to the question of travel visas; these questions will be settled as part of the future relationship negotiations between the EU and UK, expected to commence next year.

The move on visas is part of the EU’s intensified planning for a possible no-deal Brexit. In a statement, the European Commission said: “The European Commission has today proposed to grant UK citizens visa-free travel to the EU after the United Kingdom’s withdrawal from the European Union.

“It would mean that UK citizens would not need a visa when travelling to the Scavenge area for short stays of up to 90 days in any 180-day period. In the scenario where the UK leaves the EU without a deal, this would apply as of 30 March 2019. If a deal is reached, however, it would apply as of the end of the transition period, as outlined in the withdrawal agreement. This follows the commission’s continued commitment that citizens’ rights must come first in the negotiations on the UK’s withdrawal from the EU.

“This proposal is entirely conditional upon the UK also granting reciprocal and non-discriminatory visa-free travel for all EU member states, in line with the principle of visa reciprocity. The UK government has declared its intention not to require a visa from citizens of the EU 27 member states for shorts stays for the purposes of tourism and business. EU rules on non-EU nationals travelling to the EU, such as those on border control, would of course apply to UK citizens once they are no longer EU citizens.”

The visa-free policy covers the 22 EU member countries that are members of the Schengen area and the four Schengen-associated states – Iceland, Liechtenstein, Norway and Switzerland. It will also apply to Romania, Bulgaria, Croatia and Cyprus, which are outside Schengen but coordinate their policies with it.

Intractable problems?

EU negotiators – having agreed that the UK as a whole may enter a “temporary” customs territory with the EU to avoid the emergence of a hard Irish border – did not seem at all willing to shift their consistent position and sanction an escape clause for the UK to quit the arrangement at its own discretion whether the EU likes it or not.

All week, Cabinet Brexiteers and like-minded Tory colleagues have been loudly demanding exactly that.

Image copyrightREUTERSAs for the fear of a hard Irish border emerging, Brussels wanted Northern Ireland to remain in the EU customs and regulatory system “unless and until” there’s a full blown free trade agreement. They still do. 

And they’ve argued the UK conceded that principle last December. 

Mrs May and the UK government has insisted, and still insists, they can’t, won’t and never will weaken the integrity of the UK. 

To the question: will Britain allow Northern Ireland to function under the full range of EU customs and market rules, while mainland Britain does not?, the answer is a very clear “no”.

The problem of finding an agreement have seemed intractable. Squaring the Cabinet without resignations may be hard, Securing Parliamentary approval could be a political mission impossible. But Theresa May looks to have decided she has no option but to give it a try.

Trump got the most eccentric response from Britishers: May

 

The president savaged Mr May’s Brexit proposals and warned they would likely kill off any chance of a future trade deal with the US in a bombshell interview.

He also backed former Foreign Secretary Boris Johnson for PM, and launched a fresh attack on Mayor of London Sadiq Khan.

As he was due to meet the Queen today, thousands of people descended on central London for a women’s march and a ‘Stop Trump’ protest calling for people to “build bridges not walls.”

During his state visit to London, May told BBC what Trump has a trick for her to deal with EU and it was astonishing. Trump told May not to walk away from negotiations but sue them. What does that mean?

He also told May that he may not contest for 2022 presidential election in USA.

How Trump has been treated in London?

 

Its always been hard to be in the trade partners country when you just labelled tariff on their goods. Not only trade but also his immigration and foreign policy is not liked by most of the Britishers out there hence Thousands of people are expected to attend demonstrations in London and other places to protest against his controversial approach to immigration, trade and foreign policy.

                          Immigration         –         Trade         –          Foreign Policy

These are the major concerns of protesters faced by Trump in London and due to which he has to stay caution while roaming around in restaurants the way he used to walk around in his previous trips

The final part of Mr Trump’s trip in Scotland will likely exacerbate anger, as it is believed he will spend a lot time playing golf, with British taxpayers covering the £5m cost of security.

Showcasing the UK’s military and its capabilities will form a key element of the trip for the UK, with the US defense secretary having recently questioned Britain’s ongoing commitment to maintaining world-class forces.

The visit will take in a lavish black-tie dinner at Blenheim Palace, near Oxford, a working lunch with Ms May at Chequers, and a meeting with the Queen at Windsor Castle, but only a brief overnight stay in London.

Asked whether the president’s schedule was designed to keep him away from possible protests, a Downing Street spokeswoman said: “We’re looking forward to making sure the president has a chance to see and experience the UK beyond London and the South-East.”

Donald Trump ‘considered invading Venezuela’, reports say

She added that it is normal for prime ministers to make use of Chequers when foreign leaders are visiting, with former presidents Richard Nixon, George Bush Senior and Junior having all visited the 16th-century manor house in Buckinghamshire.

But the majority of the trip being outside London, means it seems unlikely the president will come close enough to Westminster to see the “Trump baby” blimp protesters plan to fly over the houses of parliament, after receiving permission for the stunt from London mayor Sadiq Khan.

The Downing Street spokeswoman added: “As with any protest, we are a free and open democracy and we believe in the right to peaceful protest.

“But I would also say that I think the majority of British people understand the importance of the UK-US alliance.

“The presidential visit is an important moment to recognise our close and special relationship and to have good and frank discussions on the key issues.”

Mr Trump arrives in the UK on board Air Force One next Thursday afternoon, straight from the Nato summit in Brussels where he is expected to confront European allies over levels of defence

Trump corrects tweet boasting about his writing after it has spelling mistakes

The president and his wife Melania will then be guests of honour at a dinner for around 100 guests at Blenheim Palace, the birthplace of Sir Winston Churchill, a personal hero of the president.

The trip to the 18th-century country house, built for the first Duke of Marlborough as a reward for his military victories, will begin with a military ceremony in the Great Court of the Palace, where the bands of the Scots, Irish and Welsh Guards will play the Liberty Fanfare, Amazing Grace, and the National Emblem.

Later in the trip Ms May and Mr Trump will also visit an unnamed defence site to view a demonstration of UK military capabilities, with a strong stress on integrated UK-US training.

The focus on defence comes after Mr Trump appeared to be impressed with the French military parade he saw on Bastille Day while being hosted by Emmanuel Macron earlier this year.

Since then the two leaders have apparently formed a close relationship and earlier this week a leaked letter from the US defense secretary Jim Mattis suggested France could be the “partner of choice” for the US in international affairs in the future.

The Downing Street spokeswoman said: “In every aspect of our relationship, we are seeking to deepen our special relationship and defence is one of those, and security.

“Our armed forces have fought together for over a century and no two countries work closer together in defence co-operation and that element of the visit is a reflection of that.”

The dinner at Blenheim will be attended by the Prime Minister, with guests including leaders of UK business sectors including financial services, travel, creative industries, food and drink, engineering, tech, infrastructure, pharmaceuticals and defence.

Downing Street said it is intended to “celebrate the strong business links between our two countries” at a time when the UK is hoping to strike a free trade deal with the US following Brexit.