Skip to comments.How to Pretend to Understand the Brexit Deal
Posted on 10/18/2019 12:28:43 PM PDT by SunkenCiv
Much of the discussion has seemed like an egg-centered debate: soft or hard, but it won't be over easy. A soft Brexit means staying closely aligned with the EU on trade, and is favored by Britons who oppose leaving. Hard means a clean break, and that could cost an estimated 9% of GDP cumulatively, along with 450,000 jobs.
Pro tip: If a Brexit discussion gets too detailed, scare the other party off by insisting that a hard exit would "force the BOE back to the ZLB with more QE." Just in case your bluff is called, that's Bank of England, zero lower bound, and quantitative easing, and it means if you Brexit-'til-you-wrexit, spenders will need to be stimulated, and savers, scolded...
Anyhow, the new deal tries to solve the issue of the "Irish backstop," which has nothing to do with offshore tax loopholes, or leaving parties without saying goodbye, and everything to do with avoiding new checks or infrastructure between Ireland, which is in the EU, and Northern Ireland, which is part of the U.K. This part of Brexit is the most sensitive, and acceptance of the new deal is not assured.
(Excerpt) Read more at barrons.com ...
Boris scheduled the vote for a Saturday, which was a smart move. His opponents, and the opponents of Brexit, are boxed in now.
Explains it sort of, mostly a bit on the amusing side (y'know, for a Barron's piece).
I like the simplistic view Farage stated: If the EU is happy then it can’t be real Brexit.
I pretend to know by saying “backstop” a lot.
Anyone find a link to the text of the deal?
Great. I love Boris, but now I've got "Monster Mash" going through my head, and can't get it to stop. It's the one thing I hate about Halloween.
Tomorrow Parliament will hold its first Saturday session since 1982.
There are two choices: a Brexit deal or a no deal Brexit. MPs will have to choose their poison.
There is no chance the EU would gjve Britain the kind of exit terms it wants.
They can either leave with a compromise deal or take their chances and crash out of the EU.
There is no third option unless everyone wants to revoke Brexit before October 31.
Sauce for the goose.
Not that I've seen. It's probably long and in legalese, or since it's with the EU, illegalese.
——that could cost an estimated 9% of GDP cumulatively, along with 450,000 jobs.——
“could”....... anti Brexit propaganda that has no solid basis in fact.
No mention of the benefits which will improve the economy
There will be some, uh, economic turmoil for short while (weeks, to a couple of months), no matter when they do it, they need to get 'er done.
I think you have correctly stated the likely outcome.
There will be some further disruptions, but Britain leaving the EU is the economic equivalent of most of the rest of the members leaving simultaneouslyl The EU is all about unchallenged political power, but they need economic activity to maintain everything.
Thanks for the link to the text of the deal.
Pages 17-64 of the 64 page doc list all the EU laws and regulations the UK will remain a party too, along with a handful of repeals.
So it seems to me that the only thing they’re actually leaving is the trade union and attempting to deal w/NI concerns.
Those items are not what prompted brexit, as I understand it. The bulk of the stuff that prompted it is what stays in place.
Nice shell game actually. Folks vote for brexit and the press and politicians are all about “what about this, this, and this?”
So they come up with a deal that addresses the “this, this, and this” and puts “that” right back in, if you follow my meaning.
The reasons given by most folks who voted leave was immigration. Boris plan manages EU immigration
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