Brexit Update - 27th November 2019

Wake Smith Solicitors 27 November 2019

Wake Smith chairman Nick Lambert looks at the latest Brexit news...

Political pressure is now intensifying on all sides, including from the EU to try and push voters towards either side of the Brexit issue divide.

Ex Prime Ministers are creeping out of the woodwork, with one notable individual urging tactical voting specifically to create a hung Parliament, in the hope of demanding a second referendum from the British public.  

EU leaders are hinting at high demands from the UK to facilitate any deal, which could include retaining free movement of people and full retention of fishing rights for EU members into UK waters.

Whether these are coincidental leaks or hints that are strategically designed to influence the outcome of the UK's 12 December general election, can only be determined by how sceptical your individual view point is!

There is no doubt however, that the rhetoric, fear-mongering, false pledges and unpleasantries being bandied about are testament to how closely run the competition in the election is – with no single party yet expected to take a convincing majority.  

This brings us back to the main individual parties and whether or not their respective manifestos are convincing enough to place them in the running.

Labour's proposals lean heavily towards the party's policy of remaining in the EU, or forging a deal that keeps the UK much more closely aligned to it, including the retention of free movement.

The scope of change and spending that their manifesto suggests is vast compared to pledges by other parties. This may convince many voters in marginal seats, who are looking for radical change in UK politics, with day-to-day spending estimated at £83 billion, compared to £3 billion by the Tories.  

As a policy, it is more akin to a European economic model than say the American model in terms of borrowing and spending, which would be a dramatic shift for the UK which has traditionally sits somewhere between the two.

At the opposite end of the scale, the Conservative manifesto is very light on spending, borrowing and taxation changes, which is less likely to cause unrest amongst private business owners, but may not offer sufficient change to galvanise the voting public.  

The Conservative economic model is geared towards the UK becoming more self-sufficient in a post EU membership world as per its Brexit pledge, with less risk to absorb and more reassurance to businesses to help soften the effects of a departure from the bloc at the end of January.

We have also seen the Liberal Democrats publish their manifesto with heavy spending and promises to rejuvenate the NHS, which would represent an extra £13bn a year, four-and-a-half times higher than the current level of spending, but still behind Labour's spend. Other parties continue to publish their manifestos and the promises may become yet more outrageous as we enter the final weeks before the election date. 

However, the smaller parties are likely to be part-players in a hung Parliament scenario and the possible cross party coalitions are, at this stage, too far ranging for consideration before 12 December.

Tags

Archive

November 20245October 20246September 20245August 20245July 20243June 20243May 20245April 20242March 20247February 20242January 20248December 20236November 20232October 20233September 20232August 20234July 20232June 20235May 20237March 20234February 20235January 20233December 20225November 20224October 20224September 20223June 20221May 20227April 20223March 20223February 20223January 20224December 20214November 20213October 20214September 20216August 20212July 202111June 20218May 20216April 20212March 20218February 20218January 20219December 20208November 202013October 20208September 20208August 20203July 20208June 202016May 202011April 20206March 202016February 20208January 202011December 20199November 20199October 201911September 20195August 20194July 20196May 20198April 20196March 20193February 20195January 20194December 20186November 20185October 20182September 20185August 20184July 20189June 20184May 201810April 20185March 20184February 20184January 20183December 20175November 20178October 20177September 20179August 20175July 20176June 201710May 20175April 20178March 201711February 20176January 201710December 20169November 20167October 201610September 201610August 20166July 20167June 20163May 20162April 20166March 20162February 20164January 20165December 20153November 20155October 20156September 20156August 20157July 20157June 20157May 20156April 20159March 20156February 201510January 20156December 20145November 20144October 20142September 20143May 20144March 20146February 20144January 20142December 20132November 20133September 20134July 20132June 20132May 20133April 20131March 20133February 20133January 20136December 20121November 20123October 20122August 20122July 20128June 20123April 20123March 20121January 20124December 20112November 20111October 20112September 20113August 20113July 20117June 20119May 20117April 20115March 20119February 20118January 20111December 20101October 20102September 20102August 20103July 20106June 20101May 20102April 20106March 20102February 20103January 20102December 20095November 20092October 20092September 20092August 20091July 20095June 20095May 20093April 20093March 20093February 20091January 20092November 20082October 20082September 20081August 20083July 20081January 20082

Featured Articles

Contact us