11-29-2016, 11:03 PM
The Bank of England governor is urging Theresa May to abandon her timetable for completing Brexit by 2019, it has been reported. Mark Carney is working on a 'secret plan’ for a transitional arrangement which would see Britain stay in the single market until 2021, to head off the worst economic damage. The governor has held private meetings and dinners in the past two weeks, appealing to business leaders to focus on a common goal for Britain’s EU exit, the Sunday Times reported.
Despite the recent announcements from Google, Facebook, Apple, Jaguar Land Rover and Tata, the OECD is particularly concerned about the outlook for foreign direct investment into the UK. Who knows, the Paris-based thinktank could be right. The Brexit divorce negotiations have yet to begin, after all. For the time being, however, the OECD should not be surprised if it is the target for the old joke: there are three sorts of economists – the ones who can count and the ones who can’t.
Scepticism about a Brexit apocalypse looks increasingly justified | Business | The Guardian
But there’s a big difference between today and the 1930s, and it becomes clear when you dig into YouGov’s stats. In Britain, the No 1 predictor of becoming an “authoritarian populist” is your age. Thirty-eight per cent of them are over 60; a further 21% aged between 50 and 60. Low educational achievement is another big predictor, though not as strong... The rightwing populist masses of the 1930s were mostly drawn from the economically ruined lower middle class. Though there were workers who supported Hitler, the majority opposed him, albeit ineffectively. The clearest divide was class. Today, the clearest divide is by age and education.
George Osborne, the former chancellor, made more than £320,400 in a month from giving speeches to US banks, financial organisations and a university, his register of interests shows. The senior Conservative, who is still an MP, appears to be a popular choice with American financiers, after he signed up to the Washington Speakers’ Bureau on leaving government... The total he is expecting to receive for freelancing in just one month is almost four times his annual salary as a backbencher, which is £74,000. The former chancellor is following in the footsteps of Tony Blair and Gordon Brown who also signed up to the agency. He is not earning anywhere near as much as the £200,000 a time that Blair was thought to command, but around the same as Brown, who donated fees of about £70,000 to his charitable foundation.
George Osborne made more than £300,000 in a month from speeches | Politics | The Guardian