Friday, October 14, 2016

What's for Brexit This Morning?

Meanwhile, the chickens are coming home to roost in the UK.

PM Theresa May's regime settled any doubts about its claimed non-ideological "technical" handling of Brexit by interpreting it as mainly a vote to limit immigration.  They did this by demanding that the UK's employers publish the proportion of their foreign workers, to aid in their goal of drastically reducing them.  It met with a storm of dismay.

This and other evidence that May would push a major separation (or "hard Brexit") from the European market, led to a "flash crash" of Brit currency, which hasn't yet recovered.  As feared, some US banks confirm they'll be moving out of the UK and into Europe once Brexit takes place.  London had been a capital of capital for the EU, but that's history.

The republic of Ireland maintains its membership in the EU, and not coincidentally, applications within the UK for Irish passports and citizenship have skyrocketed.

May's handling of Brexit was criticized by members of her own party, who called it "tyranny."  To gauge the seriousness of all this, here's the opening graph of a Guardian article:

Amid death threats and intensifying political disagreement, three of the most senior judges in England and Wales will hear claims that the government cannot trigger Brexit without parliamentary approval.

But the European Union is itself taking a hard line: "The only alternative to a hard Brexit is no Brexit."

Meanwhile, the process has officially begun that may lead to another referendum in Scotland to leave the UK.  Smart money would be on: as fast as possible.

On the bright side, observing all this UK chaos, remaining member states are feeling that the European Union is a pretty good deal after all.

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