chris_notts wrote: ↑Tue Nov 27, 2018 1:24 pm
According to the Torygraph:
it emerged that a Downing Street task force set up to save Brexit is already resigned to losing the vote on the deal, and is engaged in damage limitation. Aides reportedly believe that if Mrs May loses the vote on December 11 by more than 100 votes she will have to resign immediately, but if the losing margin is lower than 100 she will battle on and try to win a second vote.
Here's hoping for a big loss...
My understand is that a count by a major paper has around 400 declared against the deal, I think it was 231 declared for the deal, and twenty-odd undeclared (or not present). There may be some shift in those numbers, but she'll be very lucky indeed to lose by fewer than 100 votes. I suspect of course that trying to make it into an unofficial VONC like this, by briefing anonymously, is an attempt to improve her numbers.
Because what do Tories do if she goes? Does the next leader try to push the same deal, and likewise fail? Does the next leader just go for No Deal, and get blamed when the bodies start piling up? Can the next Tory leader even still claim the support of the DUP, and hence a majority, given that both Maydeal and Nodeal are unacceptable to the DUP?
The only sane and functional way forward is new elections that take the DUP out of the equation. Otherwise, I don't see what else can be on the table...
-------------
Meanwhile, we've had the first respectable, thorough analysis of where we stand economically. Actually, we've had two versions.
NIESR, the National Institute for Economic and Social Research, calculate that between 2020 and 2030, the UK will lose around 3.9% of its GDP. On the other hand, a consortium of the London School of Economics, King's College and the Institute for Fiscal Studies have calculated that between 2020 and 2030 the UK will lose between 1.9% and 5.5% of its GDP.
For context here, because these numbers are being thrown around in the media without much attention to what they mean: both groups are talking about, on average, a loss similar or greater in total magnitude to the Great Depression or the Great Recession. Except much, much more long-lasting (the dip caused by the Great Recession, for example, only lasted 5 years in total - that is, we got back to 0% after five years, whereas the economist predict this time we'll still be at -4% after ten years). This would be arguably the greatest economic catatastrophe in this country for centuries - perhaps since the Long Depression (similarly long but less severe), or since the Napoleonic Wars.
On the other hand, that's actually the good news. Because the bad news is that the same consortium has run the numbers for No Deal, and that comes out at between a 3.5% and an 8.9% collapse by 2030. That could be more intense than the post-WWI depression*, and much longer in duration.
Now, of course, economists. Pinch of salt and all that. Truth is, no-one knows what this will be like, it's unprecedented and complex. And these aren't official numbers from the Bank of England or the Office for National Statistics or the like. Nonetheless, both groups are very serious and reputable - this isn't one of those scaremongering numbers dreamt up by a tabloid mishearing some historian they know - and the fact that two independent analyses have come up with very similar numbers should be really alarming. Because even their best-case scenarios are still armageddon.
Of course, it might not matter, since we may all be dead by then. One of those fun No Deal facts: our water purification systems run on chemicals imported from the EU, which cannot be stockpiled as they are volatile with a short shelf-life. The government expects water purification plants to stop operating within a few days of a no deal brexit. By law, that means nobody can be sold any water. Of course, in practice, if this happened, the government would keep the water flowing - but it may mean a surge in water-borne diseases.
*in the UK, the Great Depression was actually much milder than the 1919-1921 depression had been. Although we're not taught that, because we import our history from the US.