Brexit

While the European family seems to be having its internal spats – populist sparks within threatening to light the powder keg – the marshals and deputies, for the most part, are attempting to contain the British contagion.  Britain is still scheduled to leave on October 31 without a deal with the European Union.  The divorce papers remain unimplemented, and the lawyers and mediators are chafing.  Governments across the European Union are planning for the hardest of hard departures, and

TruePublica
The EU is London’s biggest customer when it comes to financial services with exports worth £26 billion in profits. As the EU and Britain failed to agree a deal, the industry’s hopes of largely unfettered access to the bloc, banks began moving around a trillion pounds of assets from London to new EU hubs, while trading worth around €240bn a day in eurozone government bonds has moved to Milan and Amsterdam.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the Remainer MPs inability to figure out a way to derail Brexit, remove Boris Johnson and avoid a Jeremy Corbyn tenure as UK Prime Minister.
As October 31st approaches, it appears that Brexit leverage has swung back Boris’ way, unless the Remain faction executes the nuclear option and decides to nullify the 2016 Brexit Referendum in full.
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TruePublica

Brexit and UK Prime Minister Boris Johnson suffered yet another setback after the Supreme Court ruled his proroguing of Parliament illegal. I’m no British legal scholar, and I certainly don’t want to be, but from what I understand the arguments used seem incredibly dangerous.
In effect, the plaintiffs argued that if the Prime Minister can suspend Parliament for any length of time, say three days, it would be legally no different then him suspending Parliament for a year or, even, indefinitely.

John WIGHT
A measure of just how tumultuous and fast moving politics has now become in the U.K. is that a Labour Party conference in Brighton that had taken on the character of a Shakespearean drama — complete with a challenge to Jeremy Corbyn’s leadership over Brexit and an aborted attempt to unseat his deputy, Tom Watson, over his unending plotting and scheming – was quickly overshadowed by the Greek tragedy that unfolded at the same time in the country’s Supreme Court in London.
Johnson’s Judicial Caning

It delighted Labour supporters and party apparatchiks who had been falling over each other in murderous ceremony at the party conference in Brighton: Prime Minister Boris Johnson would come to the unwitting rescue with his own version of a grand cock-up.  This involved a now defeated attempt to circumvent parliamentary scrutiny and interference ahead of the Brexit date of October 31 through a prorogation of parliament.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Germany’s looming recession as factory output hits a decade low. Germany suffered its biggest slowdown in factory output since the financial crisis, as the eurozone’s biggest economy is speeding towards recession.

Via Zerohedge…
Even before the hammer blow of yesterday’s Supreme Court ruling, it was for many a damning indictment on Jeremy Corbyn and Labour, that in a time of such disarray and division in the (now minority) government, that they are still behind in the polls and showing no real signs of being able to beat Boris Johnson and the Tories in an election.