Johnson to Suspend parliament – the meltdown
Sterling is sliding right now.
Democracy is vanishing right before your eyes.
This is no exaggeration.
The leader of a party elected by 0.3% of the population who is only in power because they bribed with £10bn of taxpayers money the DUP, themselves supported by a group of known terrorists – want to suspend parliament to force through the will of 37% of the people.
The mainstream media are in meltdown. Tomorrow’s headlines will be interesting.
Political commentators are somehow stunned that Boris Johnson has actually gone ahead with calling for the suspension of parliament after all his denials.
The explosive move will be seen as an attempt to stop MPs from preventing the prime minister forcing through a no-deal Brexit. Parliament will not sit from the second week of September, meaning there will be just over a week between MPs returning from their summer break and the suspension beginning.
Opponents of Mr Johnson said the move was “deeply dangerous and irresponsible” and “an utterly scandalous affront to our democracy”. And they are right to be angry.
Downing Street sources said that, because of a planned break for the party conferences in late September and early October, only around four parliamentary days would be lost because of the suspension. But these are all tactics to destroy another day here and there to ensure a no-deal Brexit is forced through.
Johnson said it was “completely untrue” that the suspension was designed to stop MPs blocking his Brexit plans. He’s lying. Again.
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The pound has now fallen through €1.1 against the euro, after the House of Commons speaker John Bercow issued a blistering attack on the government’s plan.
That’s a one-week low, down 0.7% today, towards the 10-year low of €1.072 struck earlier this month.
German Bank Berenberg chief economist has his finger on the pulse – “the need for a Prime Minister to suspend his own parliament because he seems to lack a majority for his key policy – the approach to Brexit – is not exactly a sign of strength, to put it mildly.”
Expect stock prices in UK based companies only trading in UK products to slide.
“With only 22 scheduled business days for the House of Commons between now and the Brexit deadline, removing around a third of these will cause procedural issues for opposition plans to legislate to prevent a no-deal Brexit. Sterling’s reaction has been for a sharp fall vs both the dollar and euro from already suppressed levels. Domestic focused UK stocks have underperformed International peers as the heightened risk of a no-deal secession begins to be priced into markets” – City investment management firm Brooks Macdonald.
Ian Dunt – Politics.co.uk:
“Some of the reporting suggests MPs have lost the ability to stop no-deal. That’s wrong. This timetable still leaves parliament sitting from the 3rd of September to around the 12th. There would then be two weeks before no-deal for MPs to stop it. And there will now be a Queen’s Speech for them to use to attach amendments to. There is still time to block the government.”
The BBC’s Laura Kuenssberg has heard that Boris Johnson’s plan is to hold a Queen’s Speech – outlining the legislative priorities – on 14th October.
“That’s just two-and-a-half weeks before the UK is due to leave the EU.”
Signing off here at 12.24pm >>>