Brexit watch – w/c 18 July 2016

David DavisWell, the Brexit Minister, David Davis (left) has been on overdrive this weekend. Whilst most of us have been overwhelmed by events in Turkey and Nice, Mr Davis has been busy making trade deals. Or at least feeding the Daily Express – that paragon of truth – some guff about the irrelevance of the EU single market.

I am also reassured that Mr Davis is the right man for the job. Having spent many years and much effort trying to get out of the EU, it is curious how little he understands about negotiating trade deals. He seemingly is of the opinion that it is possible to negotiate individual trade deals with EU members. He does really need to be briefed better before he starts negotiating.

What’s more, it is not even clear if it is his job. He’s minister for Brexit, that is not the same as Minister for Trade (and presumably agreements). That job goes to Liam Fox as Secretary of State for International Trade.

Oh, and then there is ARM, described correctly by ITV’s political correspondent Robert Peston, as Britain’s ONLY world-leading electronic company (sic). Mrs. May, in her Birmingham launch speech on 12 July, said that she would protect firms in strategic industries from foreign takeover. It did not take long for that pledge to be converted into Treasury orthodoxy; namely, that all firms have a price, strategic or otherwise.

The Founder does not think it is such a good thing!

And looking at this graphic above, it really is not good for the UK.

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