Via Reuters
It was three years ago that the UK voted on leaving the EU by a 52% majority. Today it remains very unclear exactly how the UK will do that. The present deadline for leaving is October 31, which fittingly is Halloween night. The timetable now looks like this:
Cross party talks have failed
Last week saw Jeremy Corbyn tell Theresa May that that the cross party talks had 'gone as far as they can' due to the Government's present instability. Corbyn said:
Even more crucially, the increasing weakness and instability of your government means that there cannot be confidence in securing whatever might be agreed between us'
In reality Corbyn really wants a general election and a second referendum as a socialist remainer. Getting a deal was never his main concern. Theresa May is now coming to the end of her time and must prepare to hand the Brexit baton on, May will put her deal to a vote on June 3 (which will lose again) and agree a timetable for the election of her successor.
All eyes on Boris
The only candidate likely to garner more conservative votes is Boris Johnson, according to Conservative Lawmaker, Simon Clarke. The winner of the leadership contest will automatically become prime minister and take over Brexit negotiations. Boris is the obvious candidate. Strangely, I think this time it might suit Boris. I never saw him as a details man and I thought the Brexit negotiations would have bamboozled him. However, the Brexit negotiations is in such a mess that a charismatic big picture kind of guy might be able to talk a way through. Stylistically Boris is entirely different to May and is open to leaving without a deal. The growth of Farage and UKIP, taking mainstream voters away from Conservative and Labour voters, post more pressure on action now. The quickest, and swiftest action is a no-deal Brexit. Boris would take that route if backed into a corner. I think he could also take the country with him to face the challenges of a no-deal. The likelihood of a no-deal Brexit is increasing by the day and the GBP has been selling off on the news that Brexit for Britain is going from bad to worse. Unless we get some material change the GBP remains a sell on the rallies. The clock is ticking.
