Australian (ASX) Stock Market Forum

Brexit OUT of EU: What happens now?

Goes back to the 1980s and the time of Prime Minister Margaret Thatcher but sums up what they really think :
 
My observations from a recent trip, the plebs want out to stop O/S workers taking jobs, the well off love the freedom of travel that comes with an EU passport.
Just my observations, as usual, worth what they cost. :laugh:
 
Well it sounds as though there could be a 'silver lining' for Australia, if the U.K get out of the EU.

Witherspoons said they will serve Aussie sparkling wine, instead of French champagne.
 
https://www.usnews.com/news/busines...prepare-to-deliver-verdict-on-eu-divorce-deal

UK's May Faces No-Confidence Vote After Brexit Plan Crushed
British lawmakers have plunged Brexit into chaos and the U.K. politics into crisis by rejecting Prime Minister Theresa May's divorce deal with the European Union.
Jan. 15, 2019, at 4:53 p.m.

By JILL LAWLESS, GREGORY KATZ and RAF CASERT, Associated Press

LONDON (AP) — British lawmakers overwhelmingly rejected Prime Minister Theresa May's divorce deal with the European Union on Tuesday, plunging the Brexit process into chaos and triggering a no-confidence vote that could topple her government.

The defeat was widely expected, but the scale of the House of Commons' vote — 432 votes against the government and 202 in support — was devastating for May's fragile leadership.

It followed more than two years of political upheaval in which May has staked her political reputation on getting a Brexit deal and was the biggest defeat for a government in the House of Commons in modern history.

Moments after the result was announced — with Speaker John Bercow bellowing "the noes have it" to a packed Commons chamber — May said it was only right to test whether the government still had lawmakers' support to carry on. Opposition leader Jeremy Corbyn quickly obliged, saying May's government had lost the confidence of Parliament.

Lawmakers will vote Wednesday on his motion of no-confidence. If the government loses, it will have 14 days to overturn the result or face a national election.

Although May lacks an overall majority in Parliament, she looks likely to survive the vote unless lawmakers from her Conservative party rebel. Northern Ireland's Democratic Unionist Party, which props up May's government, said it would support her.

"The House has spoken and the government will listen," May said after the vote, which leaves her Brexit plan on life support just 10 weeks before the country is due to leave the EU on March 29.

May promised to consult lawmakers on future moves, but gave little indication of what she plans to do next. Parliament has given the government until Monday to come up with a new proposal.

She faces a stark choice: Steer the country toward an abrupt "no-deal" break with the EU or try to nudge it toward a softer departure. Meanwhile, lawmakers from both government and opposition parties are trying to wrest control of the Brexit process from a paralyzed government, so that lawmakers by majority vote can specify a new plan for Britain's EU exit.

But with no clear majority in Parliament for any single alternate course, there is a growing chance that Britain may seek to postpone its departure date while politicians work on a new plan — or even hand the decision back to voters in a new referendum on EU membership.

"If you can't resolve the impasse here in Westminster, than you have to refer it back to the people," said Labour Party lawmaker Chuka Umunna, who supports a second referendum.

May, who had postponed a vote on the deal in December to avoid certain defeat, had implored lawmakers to back her deal and deliver on voters' decision in 2016 to leave the EU.

But the deal was doomed by deep opposition from both sides of the divide over U.K.'s place in the bloc. Pro-Brexit lawmakers say the deal will leave Britain bound indefinitely to EU rules, while pro-EU politicians favor an even closer economic relationship with Europe.

The most contentious section of the deal was an insurance policy known as the "backstop" designed to prevent the reintroduction of border controls between the U.K.'s Northern Ireland and EU member Ireland Assurances from EU leaders that the backstop is intended as a temporary measure of last resort completely failed to win over many British skeptics,

Two and a half years after the referendum, Britain remains divided over how, and whether, to leave the EU.

As lawmakers debated in the chamber, there was a cacophony of chants, drums and music from rival bands of pro-EU and pro-Brexit protesters outside. One group waved blue-and-yellow EU flags, the other brandished "Leave Means Leave" placards.

Inside, the government and opposition parties ordered lawmakers to cancel all other plans to be on hand for the crucial vote. Labour legislator Tulip Siddiq delayed the scheduled cesarean birth of her son so she could attend, arriving in a wheelchair

Some Conservatives want May to seek further talks with EU leaders on changes before bringing a tweaked version of the bill back to Parliament, even though EU officials insist the 585-page withdrawal agreement cannot be renegotiated.

Tim Bale, professor of politics at Queen Mary University of London, said May was unlikely to get changes to her deal from that could "placate her Brexiteers."

"Or, she reaches out to Labour and goes for a softer Brexit than most Brexiteers would contemplate" — but which the EU might accept, Bale said.

Frustrated EU leaders called on May to make her intentions clear on the future of Brexit.

"Now, it is time for the U.K. to tell us the next steps," said Michel Barnier, the bloc's chief negotiator.

European Commission president Jean-Claude Juncker — who returned to Brussels late Tuesday to deal with fallout from the vote — said the rejection of May's deal had increased "the risk of a disorderly withdrawal of the United Kingdom."

"Time is almost up," he said.

Economists warn that an abrupt break from the EU could batter the British economy and bring chaotic scenes at borders, ports and airports. Business groups expressed alarm at the prospect of a "no-deal" exit.

"Every business will feel no-deal is hurtling closer," said Carolyn Fairbairn, director-general of the Confederation of British Industry. "A new plan is needed immediately."

European Council President Donald Tusk highlighted the quagmire the U.K. had sunk into, and hinted that the best solution might be for Britain not to leave.

"If a deal is impossible, and no one wants no deal, then who will finally have the courage to say what the only positive solution is?" he tweeted.

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May should be toast. Her "deal" would have been the worst of all worlds, virtually treason IMO.
 
From what I've read, which isn't much, Northern Ireland seems to be the stumbling block.
Is that correct?
 
From what I've read, which isn't much, Northern Ireland seems to be the stumbling block.
Is that correct?
Just one of many. May's deal wouldve made the UK a vassal state of EU, subject to all regs and laws, including the EU court, without representation, and without right of veto.
 
The duplicity and disingenuousness on display, on all sides of UK politics, is something to behold. Difficult now to see any negotiated outcome.

It's pretty clear there's an establishment Remainer movement with the unstated aim of bringing on a second referendum. Imagine the response of the people, to be told they made the wrong choice, so keep voting until you get it right!

May - a Remainer in charge of a Leaver party
Corbyn - a Leaver in charge of a Remainer party
 
The duplicity and disingenuousness on display, on all sides of UK politics, is something to behold. Difficult now to see any negotiated outcome.

It's pretty clear there's an establishment Remainer movement with the unstated aim of bringing on a second referendum. Imagine the response of the people, to be told they made the wrong choice, so keep voting until you get it right!
Isn't that the way of the World now? The vocal minority have worked out, the majority are silent, so just shout louder. Then call any opposition extremist, it is working a treat.
 
The duplicity and disingenuousness on display, on all sides of UK politics, is something to behold. Difficult now to see any negotiated outcome.

It's pretty clear there's an establishment Remainer movement with the unstated aim of bringing on a second referendum. Imagine the response of the people, to be told they made the wrong choice, so keep voting until you get it right!

May - a Remainer in charge of a Leaver party
Corbyn - a Leaver in charge of a Remainer party

In my early days on a committee we had a vote. If the vote was 7 for and 6 against we immediately had a second vote, the second vote was 13 for and none against. All decisions were recorded as unanimous.
 
https://www.usnews.com/news/busines...-honda-to-shut-uk-plant-imperiling-3-500-jobs

Report: Honda to Shut UK Plant, Imperiling 3,500 Jobs
Honda is to close a car factory in western England with the potential loss of 3,500 jobs, in another blow to a British economy made jittery by Brexit.

By JILL LAWLESS, Associated Press

LONDON (AP) — Honda will close a car factory in western England with the potential loss of 3,500 jobs, British media and a local lawmaker said Monday, in another blow to a British economy made jittery by Brexit.

Sky News said the Japanese carmaker is to announce Tuesday that the Swindon plant will close in 2022. Honda makes its popular Civic model at the factory, 70 miles (115 kms) west of London.

Local lawmaker Justin Tomlinson confirmed the news in a series of tweets. He said he had spoken to Honda, and the company said the decision "is based on global trends and not Brexit as all European market production will consolidate in Japan in 2021."

He said no job losses at the plant were expected until 2021.

Honda said it could not comment "at this stage."

"We take our responsibilities to our associates very seriously and will always communicate any significant news with them first," the firm said in a statement.

The Unite trade union, which represents workers at the plant, said it was looking into the reports. Des Quinn, the union's automotive-sector national officer, said the plant's closure "would be a shattering body blow at the heart of U.K. manufacturing."

The news comes as British businesses are issuing increasingly urgent warnings about the damage being done by the uncertainty around Britain's looming exit from the European Union. The U.K. is set to leave the bloc on March 29 but has yet to seal a deal laying out the divorce terms and establishing what trade rules will apply after Brexit.

Many businesses fear economic chaos if there isn't an agreement on the rules and conditions that will replace the 45 years of frictionless trade that came with being an EU member. The uncertainty has already led many firms to shift some operations abroad, stockpile goods or defer investment decisions.

Earlier this month, Japan's Nissan announced that it would not build a new SUV at its plant in Sunderland, England, as previously planned.

Nissan said it had made the decision "for business reasons," but added that "the continued uncertainty around the U.K.'s future relationship with the EU is not helping companies like ours to plan for the future."

Last week Ford said that if Britain left the EU without a deal on smooth future relations, it would be "catastrophic for the U.K. auto industry and Ford's manufacturing operations in the country."

Christian Stadler, professor of strategic management at Warwick Business School, said automakers were being hit by several factors, including a cooling global economy and a European crackdown on diesel engines.

"Add the fact that the supply chain for most British-made cars crosses the Channel several times as parts are shipped back and forth, so any delays at the border after Brexit could severely disrupt the industry's 'just in time' production method, and the U.K. starts to look like a less attractive place for international companies to build cars," he said.
 
Could this become any more farcical :woot:

- No deal, rejected by Commons
- T.May deal, rejected by Commons
- variations of May deal, rejected
- new referendum, rejected
- election, rejected
- remain, rejected

Never seen anything so dysfunctional or perverse. There are 17 million UK 'leave' voters that thought leave meant leave. This may not end well
 
The whole thing is a cluster of contradictions ............

"There’s a paradox at the heart of May’s government doggedly pushing its deal through rather than putting the matter to a new public vote: Remaining in the EU was the official policy of both Conservative and Labour parties for over 40 years, May herself campaigned for Remain in 2016, and over two-thirds of MPs also campaigned for and voted Remain. But if Brexit is no longer, in fact, the current will of the British people, why is May still adamant about delivering it? “The answer is very simple—failing to deliver Brexit will completely destroy the Tory party,” said one senior government official not authorized to speak on the record. Already, the hard-line pro-Brexiters of the European Research Group form “a party within a party … They already hate May for screwing up Brexit, as they see it, because she couldn’t deliver on their fantasy of all the benefits of [EU] membership without following all the rules. But if Brexit doesn’t happen, they will scream ‘Betrayal!’ And the swing to a new, [pro-Brexit] protest party would destroy our chances of coming back to power for a generation.”"
 
Desperate times in England looking for desperate solutions. Could there be a way to create some type of unifying spirit that can carry the day ? Some people are looking very hard...

Proposal for 'healing tsar' to reunite Britain after Brexit
Group meeting in secret also considers ideas for ‘Festival of Britain’ and live TV spectacular

Brexit staff

Mon 1 Apr 2019 06.00 BST

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The Festival of Britain in 1951 on the South Bank in London. A post-Brexit festival would celebrate the achievements of the country and foreign participation would be banned. Photograph: ANL/Rex/Shutterstock
Britain needs to take special measures if it is ever to recover from the scarring social divisions exacerbated by Brexit, says a working party drawn from the country’s leading institutions.

The Guardian understands one of the initiatives that has caught the imagination of the group is the creation of the post of “healing tsar” – a unifying figure to promote a feeling of national togetherness. Several well-known figures have been sounded out for the role, although there are worries that the politicians involved will try to parachute their own preferred candidate into the job.

https://www.theguardian.com/uk-news...-healing-tsar-to-reunite-britain-after-brexit
 
The BBC is a disgrace.
Check out how this presenter "interviews" someone to get their opinion on Brexit.
Absolute joke. Congrats to Tim for calling her out over and over and sticking it to her.
 
The BBC is a disgrace.
Check out how this presenter "interviews" someone to get their opinion on Brexit.
Absolute joke. Congrats to Tim for calling her out over and over and sticking it to her.

Wow!

That wasn't an interviewer, that was a remain advocate.
 
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