by Suff » 11 Jul 2016, 13:11
In the end it's stabilising markets and calming things down. It also leaves the gate open for Carney to keep rates on hold which will further bolster the £ and the markets. By September we could and I do mean "could", be in a reasonable place to negotiate an exit.
If that means sacrificing a clean leadership competition to the benefit of the country? I'd go for it.
Contrast the absolute clusterfuck going on in the Labour party right now. Imagine if they were actually running the country???
To be honest, thinking about it laterally, I don't want anyone too strong or too popular in the Tory leadership right now. We don't have a viable opposition and we've proven that too powerful a government on either side does nobody any good in the long term.
Let's give it a month and see where we've got to. The Tories are running scared internally. There is no way that they will not go with the will of the people, they'd be totally decimated in the polls. Just look at the voting spread of the people who voted out. It was overwhelmingly Tory with enough Labour voters to make it stick once and for all...
What interests me more is that the EU And the US still seem to believe that there is some way the Tories can avoid Brexit and survive politically. None of them seem to realise that if we do renage on the Brexit vote, come 2020 there will be political carnage the likes of which this country has never seen before. Nobody in power wants that because none of them would be able to determine whether or not they could keep their seat. Even rock solid safe seats would become wild cards.
I'm listening to all this posturing about "we won't" and "you will" and "you will not", from all these people who still believe they have influence over the British political establishment. Hopefully May will squash all that talk firmly. Note the UK has just proposed a new commissioner for the EU who is a fluent French speaker, has worked with the EU before and was the Ambassador to France.
Britain has "formidable" negotiating and political skills on the world stage. The only place we've never been able to deploy them is within the arena of the EU, where extremely jealous nations have used our expertise to their own benefit and then squashed any attempt for us to negotiate anything within the EU.
It was May, remember, who stated that she would not guarantee the rights of EU citizens in the UK until the EU first guaranteed the rights of UK citizens in the other EU countries.... That is the kind of negotiating stance we need. Not the political mimble mimble of the Labour party.
September is now less than two months away. After that it will take the better part of 2 years to get out. We have time to let the dust settle. As has already been proven, the markets cannot respond as fast as the mechanisms of government (admittedly with their gonads leveraged with red hot tongs), can move. So we get chaos. Carney moved very fast and the markets responded the only way they can to that kind of move... Down. Now we need calm, time and firm words with simple messages so the market mentality (of a 5 year old), can take it in.
I think May winning now is probably the only way to achieve that.
There are 10 types of people in the world:
Those who understand Binary and those who do not.