What May will say today.

[johnoddy]

Pre-speech brief..."No" to a soft Brexit

“A little over six months ago the British people voted for change. They voted to shape a brighter future for our country. They voted to leave the European Union and embrace the world. And they did so with their eyes open: accepting that the road ahead will be uncertain at times, but believing that it leads towards a brighter future for their children – and their grandchildren too.

And it is the job of this Government to deliver it. That means more than negotiating our new relationship with the EU. It means taking the opportunity of this great moment of national change to step back and ask ourselves what kind of country we want to be.

My answer is clear. I want this United Kingdom to emerge from this period of change stronger, fairer, more united and more outward-looking than ever before. I want us to be a secure, prosperous, tolerant country – a magnet for international talent and a home to the pioneers and innovators who will shape the world ahead.

I want us to be a truly Global Britain – the best friend and neighbour to our European partners, but a country that reaches beyond the borders of Europe too. A country that gets out into the world to build relationships with old friends and new allies alike. I want Britain to be what we have the potential and ambition to be: a great, global trading nation that is respected around the world and strong, confident and united at home.

Our vote to leave the European Union was no rejection of the values we share. The decision to leave the EU represents no desire to become more distant to you, our friends and neighbours.

We will continue to be reliable partners, willing allies and close friends. We want to buy your goods, sell you ours, trade with you as freely as possible, and work with one another to make sure we are all safer, more secure and more prosperous through continued friendship.

We seek a new and equal partnership – between an independent, self-governing, Global Britain and our friends and allies in the EU. Not partial membership of the European Union, associate membership of the European Union, or anything that leaves us half-in, half-out. We do not seek to adopt a model already enjoyed by other countries. We do not seek to hold on to bits of membership as we leave.

The United Kingdom is leaving the European Union. My job is to get the right deal for Britain as we do. We have 12 objectives that amount to one big goal: a new, positive and constructive partnership between Britain and the European Union. And as we negotiate that partnership, we will be driven by some simple principles: we will provide as much certainty and clarity as we can at every stage. And we will take this opportunity to make Britain stronger, to make Britain fairer, and to build a more Global Britain too.”

[Conoflex]

She's done a superb job of stating the UK's position and hopefully will get a deal that will best suit everyone

I am a bit concerned about Parliament getting a vote on the final deal- as long as they realise that failure to endorse it means leaving without a deal of any sorts and not scrapping the process to date and dropping the decision to leave then it's even better

[cyprusgrump]

She must have said something right...

POUND SOARS 2% AGAINST DOLLAR

The pound has soared 2% against the US dollar and is now moving towards its biggest intraday gain since October 2008. It is also rallying against the Euro, now 1.45% stronger against the single currency having been flat before the speech. Who was predicting that this morning?

[johnoddy]

She must have said something right...

POUND SOARS 2% AGAINST DOLLAR

The pound has soared 2% against the US dollar and is now moving towards its biggest intraday gain since October 2008. It is also rallying against the Euro, now 1.45% stronger against the single currency having been flat before the speech. Who was predicting that this morning?

Shushhh....HiC may hear you Grumps

[cyprusgrump]

She must have said something right...

POUND SOARS 2% AGAINST DOLLAR

The pound has soared 2% against the US dollar and is now moving towards its biggest intraday gain since October 2008. It is also rallying against the Euro, now 1.45% stronger against the single currency having been flat before the speech. Who was predicting that this morning?

Shushhh....HiC may hear you Grumps

Sorry, did I shout...?

[Dominic]

Um, it is still less than what it was a week ago. However, it does show that people hate uncertainty more than anything. Any decision is better than no decision.

[cyprusgrump]

Um, it is still less than what it was a week ago. However, it does show that people hate uncertainty more than anything. Any decision is better than no decision.

And more than it was in October 2016 and a lot less than it was in November 2015... it just shows that exchange rates vary based on my different factors...

[Dominic]

Well, yes and no. However, they all hated the Brexit vote result.

[Dominic]

I meant all the exchange rates hated the Brexit result.

[ApusApus]

I meant all the exchange rates hated the Brexit result.

Yes but exchange rates move for all sorts of reasons, Brexit was just another one! Without Brexit they would still be moving, remember a few years ago when it was nearly 1:1 ............... no Brexit involved then!


Shane

[Firefly]

ApusApus

I used that very point on CL, but the remainers chose to stick their heads in the ground, non so blind as those who won't see !

Jackie

[Dominic]

Oh come off it. What else caused the huge plunge on the 24th? Of course the vote didn't cause every currency shift, but it certainly caused that one!

[Conoflex]

Sterling was widely considered to have been overvalued for some time, so yes the Brexit vote was indeed the trigger that brought about the adjustment, but if it hadn't been Brexit something else would have done it

If we cast our minds back to 2007 Sterling was (over)valued at Euro 1.51- a little over a year later it was trading at Euro 1.02

That fall helped Britain cope with the economic recession better than it's European competitors.The current fall will help it cope with Brexit better than it's European competitors (the vast majority of who are still stuck with an overvalued Euro and still haven't sorted out the fallout from the last slump because of that )

[PhotoLady]

Methinks we shouldn't be worrying too much about what our PM will be saying rather than good old BoJo who's probably just rocked the boat for Brexit yet again..... You really couldn't make this stuff up if you tried!

Boris Johnson has warned EU leaders not to give the UK "punishment beatings" for Brexit "in the manner of some World War Two movie".

http://www.bbc.co.uk/news/uk-politics-38658998

Remind anyone of this?

[ApusApus]

Methinks we shouldn't be worrying too much about what our PM will be saying rather than good old BoJo who's probably just rocked the boat for Brexit yet again..... You really couldn't make this stuff up if you tried!

Boris Johnson has warned EU leaders not to give the UK "punishment beatings" for Brexit "in the manner of some World War Two movie".

http://www.bbc.co.uk/news/uk-politics-38658998

Remind anyone of this?

Who needs an enemy when you've got Boris on your side!


Shane

[June]

Johnoddy, you provided a very detailed synopsis (almost word for word) @ 9 .08 GMT yesteday morning of a speech to be made later in the day.
How were you able to do this?

[Conoflex]

Bojo of the FO (FO being ambiguous) is always going to be a bit of a loose cannon, but in this case he is right- even if he could have made the point less controversially.

Hollande, as explained previously, is not going to be around much longer- he isn't going to be running for President, he will only ever be remembered as the ultimate Shampoo Socialist for spending Euro 10,000 a month of taxpayers money on a haircut that made him look like Bela Lugosi and he has achieved a "popularity" rating of 4% in France - suicide bombers could poll higher than that

He has been spouting off about punishing Britain for some time, safe in the knowledge he won't be in charge when the economic fallout of a hard Brexit hits France, so he really ought to be butting out and letting the big girls May and Merkel sort the mess out

Talk of punishing Britain is now redundant- May has stated that Britain is exercising it's democratic right to quit the EU and simply wants a trade deal that benefits both sides. If Britain is punished it walks and the economic consequences for Europe are every bit as difficult for them as they are for us if people like Hollande are stupid enough to let that happen.

[cyprusgrump]

Johnoddy, you provided a very detailed synopsis (almost word for word) @ 9 .08 GMT yesteday morning of a speech to be made later in the day.
How were you able to do this?

Multiple media outlets breached the midnight embargo on the pre-briefed quotes from Theresa May’s speech.

So most of it was in the public domain hours before she stood up and said it.

It seems to be normal these days to announce the content of a speech hours before it actually happens which seems daft to me...

[June]

Thanks for that Cyprusgrump.
I didn't know that and do agree it seems a bit daft.

[cyprusgrump]

Thanks for that Cyprusgrump.
I didn't know that and do agree it seems a bit daft.

Yes, I'm sure there is a reason behind it...

...but it gives the opposing side on any debate time to prepare a response which they can fire out to the media as soon as the speech is over.