Brexit News Archive: 31 May 2016

MoneyWeek: Are UK house prices about to crash?

All the jabbering about Brexit is clouding one fact about the UK housing market. ItÂ's currently slowing down. I suspect itÂ's less to do with Brexit or buy-to-let, and more to do with the fact that house prices in the UK are wildly expensive. House prices are too damn high ...
House Price Crash   |   Tue, 31 May 2016 22:47:16

VoteIn might have better arguments, but it is failing those it needs to reach

The arguments made at the VoteIn rally were, at last, convincing. But is the campaign refusing to engage with Brexiteers' grievances? High Street, Chipping Barnet, October 2015. Wikicommons/ Philafrenzy. Some rights reserved.At last the lineaments of the argument in the Brexit/Bremain debate are becoming scrutable. So far, I have maintained ...
Open Democracy   |   Tue, 31 May 2016 20:27:40

Tusk blames 'utopian' EU elites for eurosceptic revolt and Brexit crisis

Telegraph   |   Tue, 31 May 2016 19:00:00

A British Test of Reason

If voters in the UK decide in the country's referendum on June 23 to leave the EU, it will not be for economic reasons; indeed, it is more than apparent that Brexit would carry huge economic costs. So why does the outcome of the vote remain far from certain?
Jean Pisani-Ferry / Project Syndicate   |   Tue, 31 May 2016 17:23:30

Campaign Report: 22 Days to Go

Leave message: Government would axe fuel VAT post-Brexit. Remain message: Lord Sugar says Remain's better for business. Cut through: Fuel VAT cut post-Brexit. Leave social media count: 434,209 likes, 48,062 followers. Remain social media count: 440,282 likes, 31,838 followers. Odds [...]
Guy Fawkes' blog   |   Tue, 31 May 2016 17:01:55

Sterling Slumps as Phone Poll Shows Brexit Referendum Getting Tighter

The ICM poll gave a three point lead to "remain," a narrower lead than almost all other phone surveys so far.
Mike Bird / MoneyBeat   |   Tue, 31 May 2016 15:31:05

The pound is diving after the latest EU referendum poll showed a massive swing towards a Brexit

The British pound is crashing on Tuesday after a new Brexit poll showed that the Leave campaign has moved into the lead ahead of the UK's EU referendum, which is now just over three weeks away. On Tuesday afternoon, a poll conducted by ICM for The Guardian showed that 52% ...
Will Martin / Business Insider   |   Tue, 31 May 2016 15:24:58

Latest Brexit poll sends pound lower

Seeking Alpha / Seeking Alpha   |   Tue, 31 May 2016 15:01:14

The pound is diving after an unexpected Brexit poll result

Good morning! The British pound is crashing after an unexpected Brexit poll result. The Guardian reported that a new ICM/Guardian telephone poll showed that 42% of respondents would vote Remain, 45% would vote Leave, and 13% said "don't know." When including the results for those surveyed online and by phone, ...
Elena Holodny / Money Game   |   Tue, 31 May 2016 14:53:00

Misunderstandings on Brexit and the WTO

One of my pet peeves is how some people seem to think the WTO and other trade agreements are used to impose high tariffs. In fact, these trade agreements involve promises to lower tariff rates. For example, if the U.S. and Canada both charge a 20% tariff on car imports, ...
Simon Lester / Cato   |   Tue, 31 May 2016 14:02:00

Would leaving EU save British households £1.7bn a year on energy bills?

Leave campaign says Brexit would allow government to scrap VAT on domestic fuel, saving individual households £64 annually The Leave campaign has claimed that quitting the EU would save British households £1.7bn a year on heating and lighting, or £64 a year for each household, because the government would be ...
Sean Farrell / Guardian   |   Tue, 31 May 2016 12:30:35

BREXIT WATCH - Brexit bad for investors, says crowdfunder

May 31 A survey of over 3,000 investors by crowdfunding platform SyndicateRoom has pointed to around £2bn worth of assets at risk if the UK leaves the EU, with an average of £81,000 of invested assets per capita. Almost half of the investment at risk is in the property market, ...
Proactive Investors   |   Tue, 31 May 2016 11:05:00

From Verdun to London

European reconciliation and its achievements are the best reason to vote against Brexit
El País / EL PAÍS   |   Tue, 31 May 2016 10:11:27

Brexit debate ignores UK's privileged position in Europe

The UK enjoys opt-outs from many EU policies, without its influence in the EU being diminished. But the UK's privileged position in the EU has been neglected in the referendum debate, which has been caught up in statistics about the material costs and benefits of the EU.
Emmanuel Mourlon-Druol / Bruegel   |   Tue, 31 May 2016 09:13:30

GBP/USD turns volatile, drops to 1.4568 and returns to 1.4600 handle

The GBP/SUD pair erased all of the latest 'Brexit' poll result gains to 1.4724 and dropped sharply below 1.4600 handle to 1.4568 and is currently trad
Haresh Menghani / FX Street   |   Tue, 31 May 2016 08:46:47

Stephen Hawking: 'Trump is a demagogue'

Stephen Hawking has admitted that he is stumped by the popularity of Donald Trump or why people would vote for Brexit.
CNBC   |   Tue, 31 May 2016 08:22:00

Support for Brexit is no longer a minority viewpoint on the British left

In recent years, Euroscepticism has frequently been associated with the right of the political spectrum in the UK, but a number of figures on the left have also voiced their support for the country leaving the EU. Imke Henkel writes that while criticism of the EU's handling of the Eurozone ...
Blog Admin / EUROPP   |   Tue, 31 May 2016 06:30:59

Ben Carson: President Hillary Would Bring About "Tremendous Carnage And Death"

In a world in which everything has devolved to threats of Mutual Assured Destruction of the "if something does not happen then the world will end" variety observed most notably with the scaremongering campaign over Brexit in which David Cameron recently went as far as suggesting that war could break ...
Zero Hedge   |   Mon, 30 May 2016 19:57:02

Anthony Barnett in conversation with Yanis Varoufakis

openDemocracy founder Anthony Barnett discusses DiEM25, Brexit and European democracy with Yanis Varoufakis. Recorded at the Another Europe is Possible event in London, 28 May 2016. Sideboxes Related stories: DiEM25 in London The European project is ours: let's roll up our sleeves for remain Country or region: UK Rights: CC ...
Open Democracy   |   Mon, 30 May 2016 18:59:06

Migrants rescued in English Channel

Eighteen Albanian migrants rescued off Britain's southern coast over the weekend might have thought they were sailing to a new life of opportunity. Instead they have found themselves the latest political football in the contentious debate over whether the UK should leave the European Union.
CNN   |   Mon, 30 May 2016 13:57:58

Armstrong Economics: Open Letter to the Guardian

Despite the propaganda, Britain's economic growth peaked prior to joining the Common Market and has fallen ever since. Is it a co-oincident that our major heavy industries collapsed after that date, leading to the winter of discontent, 3 day weeks? Our heavy industry, fishing, mining, etc. continues to be gutted, ...
House Price Crash   |   Mon, 30 May 2016 10:11:16

Top Trading Links: President Trump, Brexit, And Life Lessons

It was a big week for stock market bulls, as the S&P 500 Index jumped 2.3% in the last full week of trading in May. Was that the last hurrah... The post Top Trading Links: President Trump, Brexit, And Life Lessons appeared first on See It Market .
See It Market   |   Mon, 30 May 2016 02:39:40

Voters in the EU referendum 'told to vote for Remain in postal vote guide', prompting protests from Brexiteers

Christopher Hope / Telegraph   |   Sun, 29 May 2016 21:00:00

Brexiteers turn attention to toppling Cameron

Personal attacks on PM intensify over the weekend
FT   |   Sun, 29 May 2016 17:02:52

Will Brexit impact on borders and the control of immigration?

There is now an ever-growing need for immigration and border criminologists to focus on the harms inflicted by racist state policies and practices, and strengthen strategies of resistance. Migrants are blocked by French riot police in a makeshift migrants camp near Calais, France, March, 2016. Jerome Delay / Press Association. ...
Monish Bhatia / Open Democracy   |   Sun, 29 May 2016 15:44:59

Brexit debate tax issues far from clear

Campaigners attack UK's loss of control over revenue raising powers
FT   |   Sun, 29 May 2016 15:37:25

Brexit 'an enormous economic problem'

Former Prime Minister Tony Blair says leaving the EU would create "an enormous economic problem" following any Brexit vote on 23 June.
BBC   |   Sun, 29 May 2016 12:44:49

Brexit camp steps up attacks on immigration

Johnson and Gove says PM's election promise of lower immigration 'corrosive of public trust'
FT   |   Sun, 29 May 2016 10:53:37

Economists overwhelmingly reject Brexit in boost for Cameron

Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy ...
Sonia Sodha, Toby Helm and Phillip Inman / Guardian   |   Sat, 28 May 2016 19:30:13

A Post-Referendum Agenda for Britain

Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Chris Patten / Project Syndicate   |   Thu, 26 May 2016 15:33:30

IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough

The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Yves Smith / Naked Capitalism   |   Thu, 26 May 2016 09:55:05

S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P ...
Will Martin / Business Insider   |   Wed, 25 May 2016 13:31:01

IFS warns Brexit would extend austerity for two more years

Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 23:01:23