16th October 2017
Latest Financial Market Commentary
This week we have been treated to a further display of exactly what calibre of people we are currently governed by.
Read our Full Market Commentary to see how last week’s news affected the Financial Markets.
This week we have been treated to a further display of exactly what calibre of people we are currently governed by. As has become tradition, after the conclusion of the latest round of talks between the UK and EU negotiators, David Davis has made claims of huge progress while Michel Barnier rolled his eyes and made a rude gesture behind his back – figuratively speaking.
The real problem is that it is impossible to negotiate when you don’t know what you want – and the almost fatally wounded Prime Minister appears unable to exert even a modicum of control over her cabinet and is left unable to state a position.
There is a hard-core faction in the Tory party who view crashing out without a deal as a necessary price, and have the sway in the weakened government to make it happen. That ministers are now starting to plan for such an event is telling. The optimistic few are pinning their hopes on the EU not acting against its own economic interest out of spite; completely ignoring the irony of the situation.