Brexit: 50 days to D-Day, but the future is still loading!
Just as you thought it wouldn’t get more rocky, it does. The HM Government or the Tories have not delivered a smooth transition, neither has the House of Commons. As the European Union and the European Commission are not making it softer either. The stalemate are there and both parties are creating a battlefield. They are behind the barriers, but that was to be anticipated.
Because, the Department of Exiting the European Union (DEXEU), the Foreign Secretary and Secretary for DEXEU could have sorted this out, but it has been hectic and looking like nothing. That is why the Withdrawal Agreement made with the EU got voted down in the House of Commons. Since, then the Tories, Prime Minister Theresa May or anyone else haven’t solved anything.
The Tories and the politicians in London, still acts like they can negotiate and configure the results in their favour. As they are not considering the need of European Commission and the EU Members State majority of the 27 nations. The UK had the time since revoking the Article 50 and had two years to solve it. Instead, it has been a PR game and soft declarations without any binding legality between the parties.
That is why these days are weird. As the stalemate is getting so close. The Tories promised that this would be easy. That this would be a simple separation between the UK and EU. However, what the last two years have proven, that it is far from it.
This will cost, not only the UK, but both parties. The withdrawal and the possible “No-Deal” will hurt the economy. It will create a harder border and ensure that movement between the UK and EU will be with more hurdles. The procedures and the imports/exports situation will change as the WTO tariffs and others come into effects. Also, with the planned movements of Financial Institutions and stoppage of international companies who change destinations of production instead of doing it in the UK. That is what is happening, Global Financial Funds who have either moved to Ireland or Germany. This will create less jobs and less liquidity in the markets. Therefore, the no-deal will hurt the economy.
It is like they do this deliberately, the warnings was there. The Brexiteers called it scaremongering, when it really was a reality check. As Airbus, Barclays, Nissan, Honda and others has called it out and said they are moving their businesses, as the expenses of doing it in the UK will be to costly with a No-Deal. Not that it has mattered, because, that is just the way it is. That is why also many businesses have awaited to invest as, they are not sure of the market or the possibility to earn it there.
As well, as the years of austerity might make it worse. The Bank of England today said the no-deal would probably drive the Kingdom into a recession, as the hard hit on the economy are made by the lack of agreement and also smooth transition, which is needed in this sort of arrangement. The businesses and investors are awaiting and the multi-national companies already there are trying to move to a safe-haven to safe their assets and their businesses in general.
The UK have hit itself hard, as the reality check is loading. It is loading and the UK are still in limbo. The Tories are acting like they have all the time in the world. Brexiteers have acted like this was easy. Like it was child’s play or a pick-and-mix, where they could cherry pick the rules and regulations between the EU and UK. However, that has been proven, unfavourable and not the real deal.
I have stated from the beginning. The EU would have protocols and have regulations to put forward. Concerning borders, movement and trade, this being Customs Union and other direct trading between them. That would directly change when the relations between the UK and EU would become differently.
The uncertainty, the lack of trust and the lack of progress is staggering. As the time is running out. The future is now loading. But nothing in sight, that gives hope of solved enterprise or anything that would give solution at this very moment. The weirdest thing is that its only 50 days to the revoking of Article 50 comes into effect. Peace.