Monday, 23 January 2017

BAD NEWS BEGINS TO EMERGE

The banks are now convince we will lose access to the single market and are said to be accelerating plans to pull staff out of London (HERE). With the legal judgement coming tomorrow the government are said to have prepared four different versions of the Article 50 bill, depending on what the Supreme Court says (HERE) although the Telegraph thinks it is "in the balance". We shall see.

Northern Ireland's exit from the EU will destroy the peace deal. Apparently the Good Friday agreement gives people in the north rights to Irish citizenship and this will be difficult if not impossible to continue to have effect (HERE).

Meanwhile a cross party group of MPs are trying to block plans for what they call a hard brexit (HERE).  The BBC have a report about the difficulty under WTO rules to have what the PM describes as "sectoral deals" since and free trade agreement has to cover "all or substantially all" trade between two countries (HERE) and finally, retail sales took a nose dive in December (HERE). Since consumer spending is what is keeping the economy going these are dangerous times.

Prosper like never before!

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