Who will deliver Brexit?
The Tories have one issue on their plate – Brexit. And it’s seasoned with plenty of snake oil, says Emily Hohler.
The Tories have one issue on their plate and it's seasoned with plenty of snake oil. Emily Hohler reports.
"When Donald Tusk, the European Council president, warned Britain in April not to waste' the extra time it had been granted to sort out its position on Brexit", he probably didn't have the Tory leadership contest in mind, say George Parker and Sebastian Payne in the Financial Times. This week, much of the debate has revolved around the idea that, unless Britain can renegotiate its Brexit deal, it will leave with no deal on 31 October. However, Jean-Claude Juncker repeated on Tuesday that the draft withdrawal deal would not be reopened, and there is still no majority for a no-deal Brexit in the Commons. The Tory leadership contest is "taking place on a different plane".
Boris Johnson, the frontrunner, says he will see through his promise to ensure that Britain leaves on the 31st, with or without a deal. Andrea Leadsom "insisted that the EU would agree to rewrite the deal". Dominic Raab is talking of "suspending Parliament" to force through his vision of Brexit, says the Financial Times's Robert Shrimsley (though Labour is moving to prevent this). Esther McVey is refusing to rule out this gambit, too.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Gymnastic manoeuvres towards the exit
Regardless, Johnson is leading the field by a long margin, commanding the support of at least 80 MPs, more than twice that of his closest rivals, says Daniel Capurro in The Daily Telegraph. Jeremy Hunt whose "central pitch", notes the FT's James Blitz, is that he is "a wiser and more pragmatic figure than Mr Johnson" has the backing of 30 MPs. Michael Gove, who may have had his chances scuppered by revelations of his cocaine use, has 31.
Johnson is also fighting this contest in "propitious circumstances", says James Forsyth in The Spectator. He is the Tories' most obvious answer to the Brexit party, and the least like Theresa May (parties always "overcorrect when picking a successor"). The "conundrum" for the Tories is that they need a "proven vote winner" like Johnson, but they are also "desperate to avoid the very election they need him to fight until Brexit is delivered", says Philip Johnston in The Daily Telegraph. If Johnson were to push for a no-deal Brexit by 31 October, his "short-lived government" would be brought down in a vote of no confidence.
"Mind you, this assumes that when Johnson says he will seek a no-deal Brexit, he means it." But once he encounters refusal in Brussels, he will surely realise that the "only way out" is another general election or referendum, with the Tories campaigning unambiguously for Leave and Labour morphing into the "champions of Remain". Johnson may even do a deal with Nigel Farage. But "until Brexit is sorted", any "promises and attempts to redefine Conservatism are irrelevant". The country "craves clarity, direction and a leader who can provide it Without Johnson, arguably, Brexit would never have happened. Now he has to deliver it."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published