Monday, January 28, 2019

Brexit Here We Come

I haven't really talked much about the Brexit situation for several reasons:

1) We've been having crazier shit happening stateside, goddamn you trump,
2) The last time I discussed Brexit I made it a personal argument with someone I respected and ended up offending them, so it's a bit of a sore spot to revisit.

But, well, things are heating up now because Brexit is on a deadline now, with the Conservatives in the British Parliament (Tories to their friends) set on getting some sort of deal by March 29. With the looming possibility of a No-Deal Brexit (you may start hearing posh economists screaming like terrified camp counselors in a horror movie right aboot here) happening that will very likely crash one of the biggest economies on the globe.

To refer to Yasmeen Serhan at The Atlantic on this one:

Indeed, in the two and a half years since Britons made the consequential decision to leave the EU, the process of their departure has been defined by political chaos. In 2017, it was the snap election in which May lost her party’s governing majority after gambling with the hope that she could expand it. The year that followed was one of a near-constant stream of negotiation deadlocks, cabinet resignations, and no-confidence letters. And though 2019 has only just begun, it appears to promise more of the same.
It began with May holding a previously delayed vote on her negotiated Brexit agreement with the EU, which British lawmakers rejected by a record-breaking margin—the kind that, in normal times, would have almost certainly resulted in the prime minister’s resignation...
That May continues to survive without the governing majority or authority to get her deal through Parliament is a testament to how far some of her Brexit deal’s biggest opponents—including the hard-line Brexit supporters within her own Conservative Party and their partners in the Northern Irish Democratic Unionist Party—will go to stave off a general election. Though they might not like the prime minister’s deal, they like the idea of a Jeremy Corbyn–led Labour government even less...

It doesn't help matters in the UK when the Labour Party - the next largest opposition party to the Tories - aren't entirely opposed to the Brexit efforts, not on party principle at least. The crazy thing about the Brexit chaos is that the major parties are split themselves: The Tories are split between a 'Hard' Brexit and a 'Soft' Brexit (which would be pulling out of the EU by name but keeping a lot of EU-friendly deals in place); Labour is split between a 'Soft' Brexit (whatever Corbyn thinks it should be) and a rejection of the 2016 referendum (to either 'Remain' or hold a second referendum with different terms instead).

What's really crazy, and I mean Florida-level crazy: the UK government seems determined to race towards the Brexit deadline on what is turning out to be a suicide run.

The scale of disaster awaiting the British economy depends entirely on the size of whatever Brexit deal gets passed. Even a middle-of-the-road 'Soft' Brexit is going to cause disruptions with trade deals outside of the EU, while a 'Hard' Brexit would cause serious disruptions to trade across the board as well as employment losses in key industries. The Brexit move has already harmed the British healthcare system with medical staff fleeing due to the uncertainty. Another impact of Brexit would be the loss of institutions and corporations - some are leaving NOW - that have made London a key financial capital.

And the topper is the situation with Ireland. Thanks to the EU, there is an open border between Northern Ireland (British) and the Republic of Ireland. If Brexit happens, that border - sharing trade and resources - closes shut unless exemptions are made... and Ireland isn't in the mood to deal. That border situation is one of the key elements of the peace that has formed on that troubled Island since the 1990s. Without a resolution on that border, the British Parliament may well proceed to a No-Deal Brexit. Which is sort of like dropping a financial Hiroshima bomb on the Tower of London.

A No-Deal Brexit would mean:


  • an immediate halt on all trade and transit between the United Kingdom and Europe
  • food shortages
  • medical supplies shortages
  • general supplies shortages
  • loss of legal rights for EU residents in the UK and for UK residents in Europe
  • most likely major drops in their stock markets and pound valuation

Like I said, it's like making a suicide run... straight over the White Cliffs of Dover.

Who would have thought that Ireland would be the cause of the United Kingdom's downfall?

With all that at stake, with everything in chaos, it's frustrating to note that there is a simple goddamned solution to this Brexit mess:

Just stop. Cancel the whole thing.

The Article 50 declaration to leave the EU can be canceled, just like that. You may get a lot of howls from the Leave factions who are obsessed with that cliff dive, but you avert even partial economic disaster if you do.

There are valid arguments to cancel Brexit. First, The referendum that started this whole mess was poorly planned out. Second, the people who pushed for Leave - Nigel Farage, above all - turned out to have lied about their positions meaning the arguments favoring Brexit are not in good faith. Third, the complications surrounding Brexit are proving the referendum wasn't a good idea. Fourth, there is growing evidence Russia meddled in the damn thing the same way they've meddled in other Western elections and ballot issues.

All May has to do is convince Parliament that there just isn't enough time and rational thought to make Brexit doable, and cancel the Article 50 request. She can argue that they need time to regroup on the matter and work out a plan first, THEN hold another referendum to see if the people agree with doing a Brexit later.

Let calmer judgment prevail.

...

It's not going to happen is it? The British Conservatives are apparently just as batshit crazy as the Republicans here at home.

This is not going to end well.

1 comment:

dinthebeast said...

So whatever form Brexit takes, if they do leave, they will at the very least need more customs infrastructure in place at their ports.
They are at least doing that, right? Right?!

-Doug in Oakland