Post referendum debrief August 5

Renault-Nissan optimism

The BBC reports  that the chief executive of Renault-Nissan is “reasonably optimistic”  the UK will be an important partner with the European Union, despite its vote to leave.

Carlos Ghosn said Nissan is not ready to make decisions on plans for its Sunderland plant, which employs 6,700 and that investment there depends on the outcome of UK-EU talks on Brexit.

Remember, in November he had warned Nissan would reconsider investment in the UK if Britain voted to leave the EU.

But now he is saying: “We are reasonably optimistic at the end of the day, common sense will prevail from both sides.”

Blame Project Fear not Brexit

An interesting read in The Daily Telegraph – it’s leader said the decision to cut interest rates is a significant policy consequence of Project Fear.

The piece goes on to say if Britain is indeed experiencing a dent in consumer confidence then it is not down to Brexit – for that hasn’t actually happened yet. Rather it is due to the pessimism of the previous government, the Labour Party, Barack Obama, global institutions, sections of the media and, of course, the Bank itself.

I will leave you to read the piece in full but one part did strike me – “People are looking for leadership to strengthen confidence and give a sense of where the country is headed. Theresa May’s government must make Brexit happen in a way that creates fresh opportunities for expansion.”

Housing market stays robust

The Week reports the housing market in the UK has stayed robust since Brexit.

Some may seize on signs of a post-referendum slowdown in the property market with figures showing a month-on-month fall in July.

However, The Week reports that as with all data in the relatively short period since the Brexit vote, the trend is not as simple – or negative – as this might suggest.

It says: “Halifax cautioned that monthly numbers can be erratic and that falls often occur within an upward trend. It prefers instead to focus on three-month rolling averages, which it compares with the previous month and year.

“In this light, house prices in July were robust, it said. Prices rose 1.6 per cent in the three months to July compared to the three months ending in June, representing acceleration in growth from the 1.1 per cent for the three months to May.”

Leave the EU no and watch Britain boom

So says Patrick Minford in The Daily Express today – he emphatically said – ditching Brussels immediately will lead to increased economic growth and a boost to living standards.

The Cardiff University professor called on the Prime Minister to “save us all time” and walk away from “the EU lock, stock and barrel”.

And he also said the Government should focus on scoring trade deals with countries across the globe, which could lead to economic growth of up to four per cent.


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18 Responses to Post referendum debrief August 5

  1. ian wragg says:

    I think that article by Minford is spot on. We keep paying the ever increasing tribute to Brussels and freedom of movement is still in force. We should announdce our intention to leave by 31st December this year and have free trade on a reciprocal basis.
    Pussyfooting about like we seem to be doing is nonesense and de-stabilising.
    PS. I hope the NEC get voted out and Woolfe gets on the ballot sheet.

  2. David says:

    The threat of not buying UK goods etc from certain eu staes & people, they should stop and reconsider as it works both ways, childish, but we can also stop buyin volkmobiles and that awful red stuff from france. but thats just personal taste eh.

  3. Ex-expat Colin says:

    International Beer Day today. I like it…the beer that is? (1st Friday in Aug)

  4. John Burnett says:

    It’s time to start thinking about UKIP as a new political force and new in the operative sense, rather than slavishly trying to emulate the moribund behaviour of the other partys.
    Sovereignty to be politically representative requires a ‘root system’ that nurtures ideas and gives political representatives a solid foundation. To achieve this in ancient Attica they created ‘demes’ of citizens (groups of 12) who expressed a view they then instructed their ‘Speaker’ to express in a larger assembly. The assembly drew these ideas into an agreed form that was passed to a higher assembly. This process has been systematised as the basis of democracy,but in doing so has become a vehicle for manipulation by interest groups rather than an expression of the true views of the electorate and, I believe, is one of the reasons for the disillusion by the public in the democratic process. I believe that UKIP could revitalise politics by literally following the political practise of ancient Attica and encourage the formation of UKIP demes that directed the party rather than responding, at the top, to the current fashionable flavour. I think it was this willingness to express the voice of the people, that gave both Jeremy Corbyn and ourselves the political support at the election. What I am suggesting requires a different political organisation from the conventional NEC calling the shots and directing policy. In fact it calls for a bunch of politicians getting used to a new idea, being directed by the electorate with a voice must be listened to – if you value your job. The manifesto would be determined by the electorate as an ongoing process, not a PR job created once every 5 years. Sovereignty is about where the buck stops, and where the buck stops is where the power lies, so it requires an electorate that will also accept living with their mistakes.

  5. lasancmt says:

    Is that the same Minford the most eminent brexit researcher Dr North.recently called “an idiot”?

    Block quote: “When the storm breaks on RAL, though, I shall just sit back and enjoy the squealing. Both sides – whether it’s the idiot Minford for the “leavers”, or the Kaletsky for the “remains” – seem determined to make a complete mess of the post-referendum debate, so much so that I’ve virtually stopped looking at the British media on anything to do with Brexit. ” end quote

    More on

  6. apparently says:

    Now to change the subject Mr. Helmer, I have just listened to Paul Oakden on the BBC explaining why it is fair to disbar Steven Woolfe from contesting the upcoming leadership election.

    As I understand things, the NEC is there to represent the interests of the members rather than themselves… Mr. Oakden suggested that the NEC was akin to a local authority when it comes to disbarring a prospective candidate… It is not, it is there to represent the interests of the members… The members who vote for its spokesmen.

    It is clear and has been from the day that Nigel resigned that one of the main runners in the leadership election would be Mr. Woolfe.

    It is also clear that UKIP was founded on the basis that the people of the UK were not being given an opportunity to express their opinion on our membership of the European Union.

    The actions of the NEC are anti-democracatic…

    Steven should be able to stand… In a fair election we shall see whether he is as popular as it is generally perceived.

    Without him standing there will be a strong whiff.

    I have been a member of this party since 1997, barring a couple of short breaks… But I will not be renewing my membership unless there is a return of proper democracy to the party.

    • kim Terry says:

      I feel the same too. I won’t renew my membership until UKIP get their act together and start acting and behaving like a serious, meaningful party. I wish Farage had never left . The party won’t be the same without him. First we had to put up with the going’s on in Scotland regarding the party and now in England. Can we please have some order or else UKIP will be finished as far as getting a good result if another GE is called soon.

  7. Ex-expat Colin says:

    Nothing to see here…move along:

  8. mike5262015 says:

    INSTRUCTION TO UKIP: – Get your act together, and do it P.D.Q. I am in my 70s and have never taken the step of being a member of a Political Party. I have joined UKIP as a member, due to being, at last excited, with the possibility of a Party that puts GB/UK first. Your NEC has the ability of a brain surgeon with the shakes, or in other words, to bring UKIP to nout !…….. ………I DEMAND that you try to set the standards that Nigel Farage, and other good MEPs had in the Party. Just because Nigel sees his job done with Brexit, of GB/UK out of the E.U., you do not have free reign to act like total destructive fools. GET A GRIP ON YOURSELVES !

  9. lasancmt says:

    So here’s the thing Roger. You can’t in the same blog post claim Nissan’s stance and Minford’s stance is good news for brexit. Both views are incompatible. Nissan’s chief executive says they’ll look favourable on continued investment in Britain if it stays in the Common Market while Minford says Britain should leave it to prosper. Both views are mutually exclusive and as a politician you should take sides. By claiming both are good news you are basically admitting that like most brexit shouters you haven’t got a clue what comes after.

  10. Frances Fox says:

    Roger, it is about time Britain come out now by using the 1972 Convention do you agree?

    Frances Fox



    • Nigel Greaves says:

      I heard that using the 1972 Convention route to exit the EU would be unlawful. The man who put A50 together has stated on record that it was never supposed to be used, so why bother?
      As Minford says lets just get out right now

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