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Out of the frying pan, into the fire

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Out of the frying pan, into the fire

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It really is ‘out of the frying Brexit pan and into the Brexit fire’ at the moment for the government although this time it seems somewhat self-inflicted

Yesterday Speaker of the House John Bercow said there was an ‘arguable case’ the government was in contempt following its decision not to release the full legal advice on Theresa May’s Brexit plan. The motive behind May and Attorney General Cox’s decision is uncertain at the moment but the long and short of it is that Cox and maybe David Lidington could be suspended at a time when the Prime Minister needs as many supporters (and votes!) as possible.

Interestingly as well (and I am not saying the writing is on the wall here) the European Court of Justice is set to meet today and offer its preliminary reading as to whether a member state can revoke Article 50 once it has been triggered.

Elsewhere the strong growth that the UK saw in Q3 struggled in October and as we moved into Q4. Yesterday’s manufacturing data was a welcome pick up though with the readings beating expectations with new orders in particular impressing. The pound only has one focus in mind and that is the December 11th.

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