In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘brexit fiasco’

EU takes aim at UK tax perks

Posted by seumasach on November 8, 2017

“With the future of the City of London at stake, British chancellor Philip Hammond has previously hinted the UK could become an offshore tax haven if the UK’s financial centre was locked out of the single market.”

EUObserver

26th October, 2017

EU competition authorities have sunk their teeth into UK tax perks for multinationals amid a wider crackdown on aggressive tax avoidance. The European Commission said on Thursday (26 October) it had opened an “in-depth investigation” into a British law that let big corporations shift profits to offshore subsidiaries. It said the opening of the probe did “not prejudge the outcome of the investigation”.

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5 reasons why no deal could mean no Brexit

Posted by seumasach on October 26, 2017

May’s position of chaperone for Brexit looks certain to be coming to an end. The logic of things is that the Brexit hardliners will bid for power if they are not already completely demoralized. Lacking a sufficient base of support for a no deal Brexit they will then burn out quickly leading to a Labour government. The strange irony here is that Labour probably could successfully negotiate the three outstanding , thorny issues of the divorce agreement but would they want to? By then the public mood will have changed as reality begins to dawn on all but the most blinkered. The jolly, little Brexit venture may be coming to an end and may be remembered as a curious aberration a bit like the Gallipolli campaign. A historical inquest would reach a verdict of death by misadventure.

Politico

22nd October, 2017

LONDON — A specter is hanging over Westminster — the specter of “no deal” killing off Brexit altogether.

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Statement by Michel Barnier

Posted by seumasach on September 23, 2017

“With regard to Ireland, the United Kingdom is the co-guarantor of the Good Friday Agreement. Today’s speech does not clarify how the UK intends to honour its special responsibility for the consequences of its withdrawal for Ireland. Our objective is to preserve the Good Friday Agreement in all its dimensions, as well as the integrity of the Single Market and the Customs Union.”

This is just the most difficult of the three very thorny issues which have to be dealt with when negotiations re-open on Monday. Barnier presents them in a clear and rational manner which is more than can be said for the British media. Given the state of “opinion” in the UK May’s task, for she has now abrogated all powers to herself to conduct these negotiations, seems impossible.

European Commission

22nd September, 2017

In her speech in Florence, Prime Minister Theresa May has expressed a constructive spirit which is also the spirit of the European Union during this unique negotiation.

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Brexit department chief to join PM’s team

Posted by seumasach on September 23, 2017

In the next round of talks next week, he will sit alongside Davis, who will continue to be the “principal negotiator” for the U.K. However, the government official was at pains to stress that the prime minister, not Davis, remained the “chief negotiator.”

As the Murdoch press’s long touted bet that the Euro and the EU will collapse looks to be a losing one, it is Brexit itself which is imploding. This quiet move essentially neuters the Department for Exiting the EU and puts May in charge. We now await the blowback from the eurosceptics but Jonson may have served as a conductor leading their lightning to earth in a favorite trick of the British ruling class. Farage is right to smell a rat after hearing May’s Florence speech but, then again, he has to ask himself what happened to his promise on the morning of the Brexit vote to “bring down this failed project and lead us to a Europe of sovereign nations”. The speech itself moves the government towards Labour’s ambiguous position whose  merit is to put off the catastrophe that is Brexit until all but the diehards have agreed to forget it. Meanwhile May is left with the impossible task of negotiating a Brexit which she no longer wants and the main reason for going to Florence was to appeal to EU negotiators for understanding of her predicament.

Real Info News

18th September, 2017

Britain’s top Brexit negotiator, Oliver Robbins, left his job in the Department for Exiting the European Union to work directly for Theresa May in Downing Street.

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May’s post-Brexit trade policy unravels in Japan

Posted by seumasach on September 2, 2017

Politics

31st August, 2017

One of the core Brexit arguments was that outside of the EU we could negotiate our own trade deals. We wouldn’t have to sit with 27 other nations anymore, trying to construct a uniform trade policy between such disparate economies. We wouldn’t have to be hobbled by the political need to protect things like oranges, which we don’t care about, and could focus on things like financial services, which we do. Britain would be unleashed, a roaming imperial tiger on the global stage.

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Australian firms ‘very interested’ in Ireland as EU bridge post-Brexit

Posted by seumasach on February 25, 2017

With the election of Trump and the Brexit vote we will see the fate of economic nationalism in a world globalized as never before. Trump, I suspect, is perfectly aware of the need to do deals with China and others but the UK has manoeuvered itself into a corner: such deals are contingent on the UK being the gateway into the EU. That is why so much is going into a big push in 2017 to bring down the EU. Let’s hope, for all our sakes, that it fails.

RTE

24th February

Australia’s Foreign Minister Julie Bishop has said Britain leaving the European Union represents an opportunity for Ireland.

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China will drive a hard bargain with post-Brexit UK

Posted by seumasach on January 25, 2017

It’s sad to think back on how I covered in these pages the emerging strategic partnership between the UK and China and how we spurned the whole thing in favor of Brexit. That was a highpoint in UK diplomacy which will never again be attained not only because a coherent UK state will likely no longer exist but also because our being a gateway into Europe would have been  the key element in that partnership.

Emanuele Scimia

Asia Times

23rd January, 2017

In her January 17 speech outlining Britain’s rough plan for exiting the European Union (EU), British Prime Minister Theresa May hailed Brexit as an opportunity to advance a “truly Global Britain” that “goes out into the world to build relationships with old friends and new allies alike.”

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Supreme Court ruling heralds constitutional chaos

Posted by seumasach on January 24, 2017

Cailean Bochanan

24th January, 2017

It is not necessary to read beyond the first sentence of today’s Supreme Court Ruling to arrive at the heart of the matter

“The devolution Acts were passed by Parliament on the assumption that the UK would be a member of the EU, but they do not require the UK to remain a member.”

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Fallon tells Trump: Freedom cannot be traded in Ukraine

Posted by seumasach on January 22, 2017

The divergence between the UK government and the new US president couldn’t be more stark. But Britain will stand alone with it’s policy of confrontation with Russia.

Telegraph

20th January, 2017

Britain will stand alongside Ukraine in its confrontation with Russia because freedom cannot be “traded”, the Defence Secretary has said, amid fears Donald Trump may scale back support to Kiev in a deal with Moscow.

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May takes Britain on journey to nowhere

Posted by seumasach on January 18, 2017

Cailean Bochanan

18th January, 2017

The most striking feature of May’s latest attempt to clarify Brexit is that “global” Britain will remain focused on Europe. We our leaving Europe only in order to reengage with Europe, except this time without free movement: Europe without Europeans.

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Brexit and the flash crash mystery

Posted by seumasach on October 9, 2016

Cailean Bochanan

9th October, 2016

Friday’s flash crash may remain a mystery but it should be no mystery that the pound is in freefall and that it could become the focus of hostile trading.

This is not just about Brexit itself but what is behind Brexit. If we want to destroy our own economy by leaving the single market that it is our business. But if we want to use Brexit to turn the UK into a base for hostile operations against our creditors and closest trading partners that is their business.

Incredibly, that is exactly what has happened. We have appointed negotiators who delight in the prospect of the implosion of the EU. Boris Johnson has endorsed Change Britain whose neo-conservative leadership sees the end of the EU as inevitable and desirable. His clowning has taken him as far as putting a good word in for Erdogan regarding EU membership for Turkey. This is our foreign secretary. Liam Fox’s ultra-atlanticist views and his visceral animosity to the EU are well known. Defense secretary Fallon has seen fit to launch the amazing provocation of vetoing EU security arrangements.Much is being made of supposed European hostility towards us but with this crowd it looks more the other way round.

The May government wasted no time at all in reversing our growing ties with China. Obviously we weren’t going to be entering into a strategic partnership with a”security threat”. Wrecking out rapport with our biggest creditor and supplier was simply destructive. You either enter negotiations with your creditors or you wait for the bailiffs to come in. Jumping on the “isolate China” bandwagon only made sense if you were thinking in terms of “taking them out”. The dramatic developments in the USA where the Pentagon has effectively marginalized the White House on foreign policy were our cue to enter into just such a hostile posture towards both Russia and China. So at the first key test of our supposed new-found sovereignty and independence we chose to align ourselves with the Pentagon.

So “Global Britain” now has a hostile stance towards most of the Eurasian land mass. Meaningful negotiations with the EU, Russia or China are precluded. At the same time the dreadful reality of our economic plight cannot be hidden by the massaging of statistics. You only have to walk down any high street to see that Britain’s consumer economy model is dead. We are not a great trading nation. Out deficits and debts only get worse. If we were a business we would have closed down years ago. We are a bankrupt country that has chosen to go down hitting out wildly just so that the military industrial complex can keep itself afloat. We cannot of course afford Trident but will press on with it regardless. Everyone else will have to pay the price. It is an astonishing fact that the opposition of virtually the entire legally operating business community is as vehemently opposed to this whole unfolding scenario as it is marginalized by it. It seems we are to be taught a lesson in where the real power in this country lies.

A few months after the Brexit referendum we have made clear our indifference to our economic future and instead are intent on bringing the world to the brink of WW3. And then we wonder about the “mysterious” sinking of the pound.

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