Brexit

Its difficult to believe that only three months ago, our major political parties were in a state of meltdown. We now have a new Prime Minister who heads a Conservative administration whose members we thought were united by a common purpose, regardless of whether they were previously ‘remainers’ or ‘leavers’. That is to negotiate the UK’s exit from the European Union on terms most favorable to Britain. While we are all used to the incessant bitching and noise from the Left, what is less easy to accept are the loud demands by some MP’s on the Government’s own side, who want Mrs May to divulge her negotiating strategy in the forthcoming talks with Brussels in advance of the event. Not only that, they are also demanding a say in the actual date when Britain will trigger Article 50 of the Lisbon Treaty, which will formally signal the UK’s intention to leave the EU. These are all tactics designed of course to frustrate the will of the British people who have voted to leave that trading bloc. Mrs May now has to contend with the recent adverse High Court ruling giving Parliament a say in the process, which is being appealed.

The PM was right to give nothing away to these Tory and other troublemakers in advance of what will be very sensitive negotiations. She exudes a quiet confidence in the upcoming process of trying to get the best deal for Britain, probably a mutually beneficial non-tariff customs union, and rightly will not give a running commentary on progress. That Parliament will be kept informed in the customary manner should have been enough for anyone.

In the current situation where we’ve witnessed a sustained fall in the value of the Pound, Bank of England executives, Treasury officials and business chiefs should be emphasizing the underlying strength of the British economy, which is backed by solid evidence. The pound has fallen far enough and its time for our business leaders not only to broadcast our strengths, but to show confidence in a world brimming with trade opportunities for the UK outside the EU.

The Chancellor and the Bank of England Governor, both first class people, would do us all a favour if they talked up the pound with a bit more enthusiasm, and behaved less like undertakers!

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