by Suff » 13 Dec 2019, 16:17
We shall see.
I did note that Boris' very first appearance before a microphone he stated that the budget for the NHS would increase by £650m per week. We shall see but I fully expect that things will be sacrificed to meet that target.
As for people being disappointed and deserving what they get?
We will "leave" the EU on Jan 31st. That is a given now as the Tories have full control of Parliament and can bring the Lords to heel.
This means the "Treaties" governing the EU will no longer apply to the UK, however our "Deal" will keep us aligned with the EU until the end of 2020, in order to agree our post EU trade and movement agreement.
If anyone was in the slightest doubt, within the EU, as to whether Boris will rip the UK out of the EU on WTO terms with no right of movement, on Dec 31st 2020, the last 24 hours completely disabused them. The EU has been playing a political game with a hamstrung government in the UK. That strategy is now dead.
For the first time since that fateful decision in 2016 there is absolute certainty about where the UK is going. It is now up to the EU as to whether the UK continues to trade with the EU or moves to the US and the commonwealth.
The EU has a new commission. Junker is gone, their is no need to hold fast to past decisions just to save face. The world has changed.
Pretty soon, it will occur to the markets, once the UK has left the EU, that US GDP is $21.4.tn China is $14.1tn, rhe EU without the UK is $15.1tn and China is still growing at 6% whereas the EU is growing at just over 1% and the US is averaging about 2.5%
At current rates of growth, China overtakes the EU in 2021. Had the UK remained in the EU, China would have taken until 2024 to overtake the EU.
The world changed for the EU, as a major economic force, in 2016. Last night just sealed the lid on it.
These things will all unfold in the next 5 years. But we have to ask ourselves where is the UK going. If you listen to remain, we are going to diminish and pass into the west... If you listen to leave, we are going to emerge onto a bright new stage where our skills and knowledge can be used to catapult us into a bright new future.
I don't know which will happen. I suspect the middle path as there are those who wish to tear down and destroy to meet their political agenda (on both sides).
But I will tell you this. I was contacted by a friend a few months ago when the £ was sitting at it's lowest for 2019. He asked me what he should do as he had property and funds in Europe in $.
We talked for a bit and I explained that the UK economy is fundamentally sound and that the value of the £ reflected the uncertainty and not the strength of the UK economy.
He listened and agreed. Today the £ is significantly higher than it has been since the beginning of the year. It will surge again in Feb and again in Jan 2021.
My friend will make quite a lot of money. Those who continue to shout for remain will make nothing more than poison for us all to sup.
I was subjected to a tirade from a colleague at work last night. She was disgusted that I didn't vote for remain because I have a home in France and "told" me that the NHS is going to lose all its EU funding. She has friends in the NHS you know. I didn't even get a chance to explain my connection with the NHS, I'd been "told" and the "discussion" was over.
So if that is the quality of the debate, then I do hope those who voted for hope and a bright new future do get exactly what they deserve. Because they deserve what they voted for.
Regardless of what I hope for, reality will be something different.
What I can say is this. The poor idiot cheapskate politicians we have been forced to vote for over the last 2 decades are going to die a death. Because those politicians are going to have to be responsible for their actions.
I see that as a good thing.
There are 10 types of people in the world:
Those who understand Binary and those who do not.