Brexit

There are not many predictions that are safe to make in the financial markets. M&S’s results will always be disappointing is perhaps one. Sir Philip Green will never apologise for anything is another. And there is one more that can now be added to the list. The Bank of England won’t raise interest rates when it meets this week. But it should. Why? Because the ‘emergency’ post-Brexit cut is already looking like an over-reaction. In truth, the Bank’s Governor Mark Carney is already looking dangerously over-committed to Project Remain. The best thing the Bank could do now would be to admit that it had a made a mistake – and

Throughout the EU referendum campaign, we heard that Brexit would not only sink the UK economy but destroy the Union because Scots were likely to vote Remain. In the event there was a difference at the polls—38 per cent of Scots voted for Brexit, vs 52 per cent in the UK as a whole—but was it enough to destroy, or even threaten, the Union? Polls in the immediate aftermath showed an uptick for support for Scottish separation which has since ebbed away. Kantar TNS has today published a poll showing that 53 per cent of Scots are against independence, which confirms the YouGov poll taken at the end of August showing 54

Since the nation voted to leave the European Union in the referendum, Brexit has been described as a lot of things by a lot of people. However, until now Mr S had not heard it be described as sexy. At today’s European Union Select Committee, David Davis — the Brexit secretary — claimed that his brief is the ‘sexiest area of politics’. He made the comments as he answered a question on the possibility of establishing a ‘clearing house’ where interested parties can get in touch with the department: ‘As you can imagine — because this really is the sexiest area of politics at the moment — everybody writes to us. And my

Unlike the boss, I thought Liam Fox’s comments on fat and lazy British businesses that could be exporting more but aren’t because, well, an afternoon on the golf course is more comfortable than striving for Britain were deplorable. But they were also telling. Because they were a further confirmation that the United Kingdom now has a nationalist government. The liberal Toryism of the Cameron era is gone, sunk with a whimper in record time. In its place is a Conservative nationalism that envisages SS Britannia buccaneering its way across the world’s oceans. This, after all, was the animating spirit of what we might call the Brexit campaign’s more cheerful wing. Well, it’s a nice

When Theresa May appointed three of the most outspoken and free-minded Brexiteers to her Cabinet, her fellow Remainers were delighted. Surely the only question is what they’d do first: implode or disembowel each other? Ever since, the speeches they’ve made have been seen through this narrative. First, David Davis was seen to have gaffed for pointing out that it’s “improbable” that the UK stays in the European single market. And today, we have Liam Fox’s remarks to Conservative Way Forward about Britain’s trade problem. A friend of mine was at the event, and took a video. Here’s the transcript: CoffeeHousers can judge for themselves if his remarks are really so outrageous. “This country is not

Theresa May received the traditional desk banging reception when she addressed the 1922 Committee of Tory backbenchers. May pleased Tory MPs by emphasising that they  would have more opportunity to feed into policy making process now through George Freeman and the policy board and the green papers that will—once again—precede white papers. But what most excited Tory MPs was what May said about opportunity and grammar schools. May said that she would give a speech on a 21st century education system soon, explaining how selective schools–in other words, grammars–fit into the mix. Strikingly, she defended an ‘element of selection’ arguing that there is selection already in the system, and it