It still very well might, for the global economy. This is going to be a long, drawn out process. Could take up to two years to fully play out with a ton of unknown variables. Both sides of this issue are speaking too soon imo.
Going to take a lot longer than 2 years. They may not even start the Article 50 two year withdrawal process, for 2 years.
Next PM is officially a remain supporter, though she didn't do much at all in public campaigning, and a very authoritarian, Theresa May. Who knows what she'll do. She has not true political principles. She's flip flopped all over the place over the years to try and get power.
Yeah, guess it depends on what "going away" means. Farage could have run UKIP for another 20 years if he had wanted to. Wouldn't have gotten anywhere further electorally, but the membership loves him.
Reuters Mon Jul 11, 2016 12:50pm EDT Brexit vote was not binding so parliament must decide, lawyers tell PM LONDON | BY GUY FAULCONBRIDGE Lawmakers in parliament should decide whether Britain leaves the European Union because the Brexit vote was not binding, more than 1,000 prominent British lawyers said in a letter to Prime Minister David Cameron. The signatories, which include senior lawyers, said that lawmakers should have a free vote in parliament before any British leader takes the decision to trigger the formal EU divorce procedure by invoking Article 50 of the Lisbon treaty. A separate group of lawyers advising the British government has said the prime minister does not need parliamentary approval to start the process. The government has also rejected a petition for a second referendum. The letter is the latest attempt by opponents of Brexit to slow the divorce process. Some "Leave" campaigners say there is a concerted attempt by the British elite to prevent an EU departure by entangling any process in political and legal challenges. "Our legal opinion is that the referendum is advisory," the lawyers said in a letter dated July 9 that was signed by 1054 lawyers. Reuters has a copy of the letter. "We believe that in order to trigger Article 50, there must first be primary legislation," said the letter which was signed by 118 eminent lawyers known as Queen's Counsel. Turnout in the June 23 referendum was 72.2 percent. A total of 17.41 million people, or 51.9 percent, voted to leave the EU while 16.14 million, or 48.1 percent, voted to remain in the EU. While Theresa May, the only Conservative Party candidate remaining to succeed Cameron, says the vote will be implemented, the government is facing several legal challenges over whether it can begin divorce proceedings without approval from parliament. May has said Article 50 should not be invoked before the end of this year. HAIRDRESSER'S CHALLENGE The British government rejected an online petition signed by 4.1 million people calling for a new referendum on whether to leave the EU. "The Prime Minister and Government have been clear that this was a once in a generation vote and, as the Prime Minister has said, the decision must be respected," the Foreign Office said. "We must now prepare for the process to exit the EU." A separate set of lawyers, acting for hairdresser Deir Dos Santos, has started proceedings aimed at forcing the government to allow Parliament to decide whether Brexit goes ahead. The argument for Parliamentary approval before invoking Article 50 is based on a reasoning of the authority for EU law in the United Kingdom. Under this reasoning, EU law applies in the UK because of the European Communities Act of 1972 so the executive cannot undermine rights given by Parliament by triggering Article 50. "Articles 1 and 2 of the Bill of Rights of 1688, which is still in force today, expressly provides that no personal body apart from Parliament itself can override an act of Parliament and therefore only Parliament can take the decision to withdraw," said Dominic Chambers, a senior lawyer working on the Dos Santos case. "If the legal challenge is successful, the result will be that there will have to be a debate, a vote in Parliament and then it is up to Parliament to decide," Chambers said by telephone. Chambers said he was not charging his client. When asked whether it was an attempt to derail Brexit, Chambers said: "My client respects the results of the referendum and he is not in any way doing this to try to prevent Brexit: His sole concern is upholding the rule of law." Proceedings were issued on June 28 and a preliminary hearing in the High Court is due on July 19. Santos could not be reached for comment. DIVIDED NATION The Brexit vote unleashed turmoil in financial markets and has raised the prospect of the division of the United Kingdom as England and Wales voted to leave, while Scotland, Northern Ireland and Gibraltar voted to remain. The day after the vote, Scotland's first minister, Nicola Sturgeon, said a second independence referendum for Scotland was highly likely. "The Brexit referendum has made clear that the UK is not a united nation-state, but a divided state of nations," said Aidan O’Neill, who specializes in constitutional law and EU law. "If the UK is to survive the result of this vote, a consensus needs to be built up about the way forward." "Fully informed discussions and deliberations within and between our parliaments is the only proper constitutional way to achieve this," O’Neill added. The lawyers who wrote to Cameron, including Philip Kolvin, a senior advocate at Cornerstone Barristers, said the British government should establish a royal commission to review the evidence and to report on the benefits and risks of triggering Article 50. "The parliamentary vote should not take place until the commission has reported," the letter said.
Having the appearance of someone from a foreign planet won't help him at all with mere foreign countries. And I'm guessing he has spent 99% of his life in London. Such a joke of an appointment.
Pretty clear from May's appointments. Not going to backtrack on Brexit. Besides Johnson in the Foreign Office, have very committed Brexiters David Davis and Liam Fox in the newly created cabinet positions of Minister for Exit of the European Union and Minister for International Trade respectively.
FWIW you guys could make up any terminology right now and I would have no idea what you're talking about.
I don't know that much about how the UK Prime Minister's cabinet, but is she basically hoisting Johnson on his own petard? He was one of the Brexit leaders, so he gets to run point on dealing with other countries on how it will actually work despite probably not being best suited to the work? If he can't see negotiations through in a manner deemed favorable to Britain, his career is finished.
I don't think so, because my understanding is the Exit negotiations aren't going to be part of his brief now that there's a Minister for Brexit, that's going to fall to David Davis, who is actually a very serious politician, and was the frontrunner to lead the Conservative party back in 2005 when David Cameron came out of nowhere to win it.
Tweeting out individual trade deals with various EU countries has me dubious. David Davis MP @DavidDavisMP May 26 The first calling point of the UK's negotiator immediately after #Brexit will not be Brussels, it will be Berlin, to strike a deal David Davis MP @DavidDavisMP May 26 (1/3) Post #Brexit a UK-German deal would include free access for their cars and industrial goods, in exchange for a deal on everything else David Davis MP @DavidDavisMP May 26 (2/3) Similar deals would be reached with other key EU nations David Davis MP @DavidDavisMP May 26 (3/3) France would want to protect £3bn of food and wine exports. Italy, its £1bn fashion exports. Poland its £3bn manufacturing exports
He was a backbench MP with no power, campaigning to leave the EU and putting forth his vision of what that would look like?
Pedro da Costa@pdacosta #Brexit: Some 82% of UK CFOs expect to cut capital spending in the next year, the biggest proportion on record reuters.com/article/idUSKC…
Yeah I am sure Russia didn't have a hand in Brexit, just like they dont have a hand in the Trump campaign....sure
The real casualty of Brexit: reputations of economists who predicted doom All those "smart people" ...... were wrong. http://www.marketwatch.com/story/th...s-of-economists-who-predicted-doom-2016-08-24
Little early to be claiming success, rules. It's only been 3 months. Nice dumper on the lass in the article though. So that link isn't a total waste of time.
If the leading indicator for the UK's economy being "fine" is retail sales, it might be interesting to know how much of their retail sales was driven by tourists exploting the British Pound, which still remains roughly 20% off its 12 month best relative to the US dollar, and the BoE dropping interest rates to historic lows. And all this before the exit papers have even been filed, so nothing has changed in terms of trade and travel between the UK and EU.
Yeah, and even speaking as someone who was a proponent of Brexit, it's a little early period since they haven't even left or began the negotiations to leave yet.
http://www.belfasttelegraph.co.uk/n...hate-speech-says-damning-report-35103628.html at least, for your sake, we live in a #post-facts world so you can ignore the post-brexit realities, both economically and in society.
sweet hashtag yeah those outspoken post-Syria crisis racists were definitely holding back until the UK (which has questioned its place in Europe for over 50 years) voted to leave the EU. Leaving a free trade zone just took the leash off! something something independent and dependent variables
This is the most fantastic part. Without foreigners, those inbred twats don't have enough people to pull it off. Oh, the irony.
Per some teacher in the comments of that tweet, this is the reason? http://csapps.norfolk.gov.uk/csshared/ecourier2/fileoutput.asp?id=13754