Can Johnson secure a Brexit deal?
Boris Johnson could secure a Brexit deal. But the details had better be forthcoming soon.
Boris Johnson compared himself to the "Incredible Hulk" last week, shackled by the EU but determined to break free. By Monday he had transformed into the "Invisible Man", says Lionel Laurent on Bloomberg. Talks hosted by Luxembourg's prime minister, Xavier Bettel, ended with a press conference that the British PM refused to join due to loud protests. Bettel went ahead with the conference, mockingly gesturing to the empty podium. This was just the most obvious sign that Europe's leaders, who are still waiting for concrete proposals for a replacement for the Irish backstop, are "getting frustrated" with Johnson.
A new idea to replace the backstop
If that means we are heading for a no-deal Brexit, then even the government accepts that the consequences could be severe, says The Guardian. "Operation Yellowhammer", the government's official planning for a no-deal scenario that was published last week, suggests that leaving without a deal could be "a recipe for chaos, with medical supply shortages near the top of a list of consequences that are already scaring people around the country". Even ardent supporters of no deal "could be put off by the prospect of two-day traffic jams, energy price rises, civil unrest or a lack of clean water".
What "chaos" will look like
One thing that won't affect the chance of a no-deal exit is the pending case before the UK Supreme Court over the legality of the decision to prorogue parliament, says Bobby Friedman in The Daily Telegraph. Proroguing parliament did not prevent MPs passing a bill to stop no deal, and if they went back to work they'd only have to break again for the conference season anyway. What happens in court may have important implications for constitutional law, but as far as Brexit itself is concerned, the "proceedings are all mouth and very little trousers".
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Lib Dems back revoking Article 50
Liberal Democrat leader Jo Swinson put Brexit at the core of the next general election campaign by promising in a speech to her party's conference to revoke Article 50 should they win power, reports Peter Walker in The Guardian. Swinson dumped the party's previous policy of re-running the 2016 poll in favour of halting Brexit without a second referendum. The pledge has been "divisive" even within the Liberal Democrats, but Swinson argued it was important to revoke because "there is no Brexit that will be good for our country".
It is an "empty pledge" as the Lib Dems have little chance of winning the majority they'd need to put it into practice, says Robert Shrimsley in the FT. But it does clearly signal that, with Labour now promising a referendum on a future deal, the Lib Dems "will not allow themselves to be outremained". And with a £20m war chest allowing them to credibly contest up to 80 seats, it might prove a smart strategy. It is, however, an "entirely short-termist" one that could badly backfire, especially if the PM manages to deliver Brexit before the next election. Even if the Lib Dems are right about the "permanent polarisation of politics", they forget that, when it comes to polarisation, "voters are already well served" by the two main parties.
Ironically, the Lib Dems' stronger position on Brexit could be good news for Boris Johnson, says James Johnson in The Times, as it could end up splitting the Remain vote, "stopping Labour from winningor holding on againstthe Conservatives". Cosmopolitanconstituencies assumed to be "lost causes" could "suddenly become winnable" for the Tories.
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Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
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