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The Guardian (September 12)

2019/ 09/ 13 by jd in Global News

“Here the issue… is that a British prime minister persists in asserting the impossible. He demands that Britain leave the European single market but with a gaping hole in its border, in Ireland. He wants a border and no border.” A no-deal Brexit would cause “chaos” in a worst case scenario, but “in Ireland it is physically impossible.”

 

Washington Post (September 3)

2019/ 09/ 04 by jd in Global News

“Prime Minister Boris Johnson, under public assault for his scheme to suspend Parliament to push through a no-deal Brexit, has now lost his majority.” This is typical of the “right-wing populist canard,” which works best in the minority. “Being snake oil salesmen and anti-government nihilists,” they “don’t know how to fix much of anything, and after all the huffing and puffing, the public gets the idea the populist cult leader is an incompetent charlatan.” While in this case it’s Johnson, Trump’s turn will come. “The lessons here for the United States are not hard to discern.”

 

The Guardian (August 29)

2019/ 08/ 30 by jd in Global News

“There is plenty of constitutional outcry on the front pages of the British papers today, which all lead with Boris Johnson’s decision to suspend parliament ahead of the looming Brexit deadline. Front pages from abroad show the international press is transfixed too.”

 

Reuters (August 8)

2019/ 08/ 10 by jd in Global News

“Sterling’s recent slide is not yet over as the chances Britain and the European Union part ways without a withdrawal deal have jumped again after arch-Brexiteer Boris Johnson took over as prime minister last month.”

 

Washington Post (July 23)

2019/ 07/ 23 by jd in Global News

Tomorrow Boris Johnson may get “the chance to prove that the manure in Britain smells different” than in the EU. “He has vowed to push forward Brexit, break free of the tyranny of the European Union and lead a liberated Britain to its former global greatness. His supporters are willing to look beyond a cringeworthy record of gaffes, sordid peccadilloes and soft bigotry. Most analysts, though, reckon that he is in for a rude awakening.”

 

Investment Week (July 17)

2019/ 07/ 19 by jd in Global News

“A ‘no deal’ Brexit could result in sterling falling to parity with the dollar,” according to Morgan Stanley. “Exiting the European Union without a deal looks increasingly likely.” In a “worst-case scenario” the pound, currently at $1.24, could plunge roughly 19% “to historic lows of $1-$1.10.”

 

Wall Street Journal (July 11)

2019/ 07/ 13 by jd in Global News

“The bitterness of Brexit pervades all aspects of British life and politics. It has divided friends and families, produced a Conservative cabinet with more leaks than an old sieve, split the diplomats of the U.S. and the U.K., and exposed a rift between Britain’s elected politicians and its unelected civil servants.”

 

The Irish Times (July 10)

2019/ 07/ 12 by jd in Global News

“The Brexit planning document published by the Government on Tuesday is reminiscent of the warnings about the Irish economy and housing market that proliferated in the first phase of the economic crash a decade ago. It is one of the most alarming documents ever published by an Irish government…. Written in low-key officialise, it is a sobering read.”

 

The Guardian (July 9)

2019/ 07/ 11 by jd in Global News

“The pound has come under fresh selling pressure amid rising fears over the strength of the British economy as no-deal Brexit looms,” tumbling to its lowest sustained level in over two years. “The latest sell-off comes at a time of a stalling UK economy, as the boost from stockpiling before the original Brexit deadline begins to fade” and fears grow that “the economy probably contracted in the three months to June, raising fears of a technical recession.”

 

The Economist (June 29)

2019/ 07/ 01 by jd in Global News

The “metropolis of money, known as the City, generates £120bn ($152bn) of output a year—as much as Germany’s car industry.” Increasingly, Brexit appears to threaten an outcome that “would make the eu poorer and damage London’s position.” In addition, the end result could “change the workings of the global financial system.”

 

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