Tag: Brexit

Waiting for Brexit

The EU Council did what no one expected, which was to come up with a compromise on the UK’s request for a Brexit extension which was different than the UK’s proposal and any of the pre-meeting rumors about the EU’s position. Although we’ll likely learn more about how this was arrived at, superficially, it looks […]

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Another Theresa May Faceplant as the Brexit Clock Ticks: Speaker Bercow Nixes Another Meaningful Vote in Current Session

Just when you thought Brexit couldn’t possibly become more chaotic, those wily Brits manage to surprise. Theresa May tripped yet another landmine. Thanks to her decision to repeatedly put off votes and decisions in the hope of still getting approval for her detested Withdrawal Act, May was already set to go to Brussel for Thursday […]

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The Dying Howls of British Politics

In the movies, shapeshifters such as werewolves, witches, and demons show their true form when fatally wounded. This week Brexit, 33 months since conception and only a fortnight before its due date, showed what it has always truly been: politicians haranguing each other over esoteric laws, in the name of unbridgeable differences. The sheen of […]

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Martin Wolf: Why Economists Failed as “Experts”—and How to Make Them Matter Again

Yves here. Even though Martin Wolf’s post makes many important observations, I feel the need to take issue with his conclusion. Economists have been and continue to be enormously successful as experts. PhDs in economics make roughly twice as much as those in other social sciences. Economists are the only social scientists to have a […]

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A Small Party Started Brexit. Is a Small Party the Antidote?

In 1988, Austrian philosopher Karl Popper argued in The Economist that the two-party system is the most democratic: Proportional representation, which encourages minority and coalition governments, gives undue power to small parties, who can threaten to leave and destroy a ruling coalition if their platforms aren’t prioritized. Nearly three decades later, the greatest political event […]

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Can Jeremy Corbyn Save Britain From Brexit?

For most of his career, Jeremy Corbyn, the Labour MP for Islington North since 1983, has been well respected in activist circles and parodied in parliamentary ones. Between 1997 and 2010, under the Labour governments of first Tony Blair and then Gordon Brown, Corbyn voted against his party an unrivaled 428 times. Not that anyone […]

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Brexit: MPs Sink to a New Collective Low of Incompetent Acquiescence

Yves here. I’m glad to see someone call out Parliament after having seen May successfully play it again and again. How many time has she moved back the date of the required Meaningful Vote? Ignored Cabinet resignations and even an unheard of censure? Let us understand all that happened: May made some pretty promises as […]

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Brexit Linkfest Special 2/26/19

I am departing from our usual practice and publishing Brexit links separately and early. The press has reported on two developments, one of Corbyn saying he would back a second referendum (although note that there still appears not to be enough votes in Parliament to back even a motion calling for one; recall that People’s […]

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Ford Threatens to Pull Out of the United Kingdom

Ford Motor Company has reportedly informed British Prime Minister Theresa May of its tentative plan to move out of the United Kingdom. The automaker explained the situation to May during a private call with business leaders tasked with assessing how Brexit might impact the economy. Ford said it was already preparing to move its facilities — […]

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Believing Six Impossible Things Before Brexit

Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.” Alice in Wonderland The noise to […]

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