Putting all that unused preparation for Sky News into delivering the penultimate blog before the summer holidays, here are a few thoughts about the direction of Brexit politics over the coming months. After months of vague speculation, individuals and businesses should now be taking greater note of unfolding events as an unthinkable no deal scenario and the fall of the Government seem an increasing possibility:
- As Philip Johnston wrote in Wednesday’s Telegraph, Theresa May’s biggest mistake was articulating her red-lines which prohibited any flexibility on free movement of people and the jurisdiction of the ECJ. We could have been part of the European Free Trade Association a la Norway. This would have encompassed leaving the EU, we could have negotiated some freedom from the Schengen Agreement and at least taken control of our fisheries and agricultural policies. It would also have taken us out of the customs union allowing us to negotiate our own trade agreements. It could have been sold as a significant break from Europe and we could be home and dry by now. Hey ho. The damage of the ideologues has been done.
- We are now in a position where there is no Commons majority for Theresa May’s Chequers agreement and we haven’t even had the EU’s formal response yet. If she moves one way or the other to gain agreement, opponents are ready to pounce and unprincipled Labour will not come to her rescue. Why should they?
- The battle will come to a head in October when a final agreement on departure from the EU has to be discussed at a EU summit on 18th. There is a fall back summit on 13 December if there is still no agreement but things will be pretty desperate by then. A no deal scenario becomes more likely.
- What of Theresa May? She is safe until the Autumn (nobody wants her miserable job now) but if we are in a no deal scenario, she will be vulnerable to a desire for a new approach, from a new leader.
- If the Tories switch leader, with Theresa May departing unwillingly, there will almost certainly be a blood bath and a subsequent General Election. The EU would be forced to extend the transition period.
- A General Election just might well facilitate, through a party’s manifesto, a second referendum along the lines of Justine Greening’s proposal; preference voting on a new deal, a no deal or stay within the EU.
So the odds:
- TM as PM until the Autumn, assuming she wants it, 100%
- TM as PM beyond that to March 2019 70%
- TM as PM post March 2019 50%
- A GE in the next 12 months 40%
- A Labour Government (depending on the scale of bloodletting in the Tory Party) 40%
- A no deal scenario 20%
- A second referendum 30%
- Further damage to the UK’s international standing, its economy, to public life in general 100%.
Time for us all to go on holiday….