Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
No-deal Brexit is only alternative to Chequers plan, says Lidington | The Guardian |

The Cabinet Office minister, David Lidington, has warned that relations between Britain and France are at "a fork in the road" - and the only alternative to the prime minister's Chequers plan is a no-deal Brexit.

Ministers are concerned the French government remains deeply sceptical about the approach spelled out in its July white paper, prompting Theresa May to fly to Emmanuel Macron's holiday home earlier this month to try to win the president over.

David Lidington warns EU that Chequers plan is only alternative to no-deal | The Independent |

Speaking to the Mouvement des Entreprises de France (MEDEF) conference, Mr Lidington said: "With exactly seven months until the end of Article 50 process and less than two months ahead of the October European Council, we face the choice between the pragmatic proposals we are discussing now with the European Commission, or no deal.

"The alternative models do not meet the level of ambition or the outcome we all want to see delivered.

"So, we need the EU to engage with us on our positive vision of the future relationship."

He added: "I truly feel that we are at a fork in the road. There are trends on both sides of the Channel, both sides of the North Sea, and both sides of the Atlantic that could see us drift apart."

France and Germany make contingency plans for no-deal Brexit | France24 |

'Sapere aude'

by Oui (Oui) on Wed Aug 29th, 2018 at 06:05:15 PM EST
Well yes, there's "a fork in the road". since June 23, 2016 to be precise. Predictably enough, it's the Continentals' fault, as usual.
by Bernard (bernard) on Wed Aug 29th, 2018 at 06:31:26 PM EST
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yeah, I don't know what mischief is up to. I'd shrug, but today's surprise offered quite the counterfactual.

Bloomberg breaking this morning
Pound Climbs to Three-Week High as Barnier Pledges Unique Deal
1:$130.00 (1: €1.11)

RTE elaborates this afternoon
Barnier says EU prepared to offer UK unprecedented relationship

"We are prepared to offer Britain a partnership such as there never has been with any other third country," Mr Barnier told reporters in Berlin after a meeting with German Foreign Minister Heiko Maas.
He hinted that the UK could be willing to compromise on giving some role to EU institutions, such as the European Court of Justice, in reaching an agreement on the border between Northern Ireland and the Republic.
Officials on both sides say an agreement by October is unlikely, and they are now aiming for a mid-November deadline.
Speculators' reaction seems to me over-optimistic given misdirection from UK this past year. Indeed, independent.ie ran (unqualified) early downside prediction despite today's PR (paired with "Global central banks set to dump £100bn of sterling in hard Brexit").

Euro tipped to near parity with sterling under hard Brexit

It does not allow for an even more destabilising so-called worst-case scenario - where planes don't fly and medicine supplies run out.

An alternative scenario, of an orderly transition, would boost the pound - to 87 pence in the final quarter of this year and 88 pence versus the euro in early 2019, Investec thinks.

With scant progress in talks to date, traders are increasingly pricing in a harder scenario.

I suppose, without acknowledgement, the editors weighted steady IE-US surplus trade against EU27 -1 rebalancing.

Diversity is the key to economic and political evolution.
by Cat on Wed Aug 29th, 2018 at 07:00:28 PM EST
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Diversity is the key to economic and political evolution.
by Cat on Wed Aug 29th, 2018 at 07:03:28 PM EST
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"Store or value" has been sliding since the referendum, but ...this story at this time, "One-in-three chance of London house price crash, says expert poll ," is plain mean, topping agitation by unrequited homeless on both islands.

Notice the inset headline, too, Record proportion of Londoners selling up to move north (Midlands). I wonder idly how low GBP must go before more migrants slide into Scotland. GBP:RMB parity? I have already read (in comments) elsewhere of political tension between the "natives" and settlers, nationalists vs. unionists.

Diversity is the key to economic and political evolution.

by Cat on Wed Aug 29th, 2018 at 11:15:26 PM EST
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