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Tory Power Base Takes Another Hit After Theresa May’s Right Hand Man Fired Over Pornography

Tory (lack of) power-base takes another hit. The UK prime minister’s right hand man Damian Green has been fired from his post based on the allegations over pornography usage. In an ongoing saga Damian Green was “asked to quit” after he made “inaccurate and misleading” statements over what he knew about claims pornography was found […]

“You’re Right, I’m A Threat To Big Banks” – UK Opposition Leader, Jeremy Corbyn, Lashes Out At Morgan Stanley

Earlier this week, Morgan Stanley published a report arguing that UK opposition leader, Jeremy Corbyn becoming Prime Minister, was a bigger threat to UK asset markets than Brexit. MS saw a two thirds chance of a snap UK election in the second half of 2018 when UK can’t secure a satisfactory Brexit deal and the […]

The Two Churchills And The World’s “Collective Munchausen Syndrome”

Authored by Rusty Guinn via Epsilon Theory blog, This is my favorite street art in the world. It adorns a rail bridge that soars above I-45 in Houston. More than 300,000 cars pass by it every day. It has been modified a couple times by other street artists, but every time it goes back. It’s […]

Pound Slides, Then Rebounds, After Hammond Reveals Sharp Cuts To UK GDP Forecast

Update: after the GBP initially dropped on the lower GDP forecasts, it has since rallied after Hammond finished speaking , in what Citi said was a “relief rally” as there were no “banana skins and government safe. Relief trade here.” This was a risk event – while Budget Announcements are normally quite quiet affairs in […]

Visualizing The Massive Rise In UK MP Security Costs Since Jo Cox’ Murder

Since the murder of MP Jo Cox last June as she was campaigning in her Batley and Spen constituency, the total expenses claimed by MPs for security assistance have increased on a massive scale. You will find more statistics at Statista As Statista's Martin Armstrong details, from 2010/11 to 2015/16, the mean annual total was £73 thousand. […]

Pound Tumbles As Theresa May Faces Leadership Challenge Over Brexit Chaos

It might be a modest exaggeration it to say that Theresa May’s position as Prime Minister is doomed, but that is the general direction as the newsflow for the British PM remains overwhelmingly bad. Scandals aside, May seems to be falling into the growing gulf between Conservative MPs who are pushing more strongly for a […]

Frontrunning: November 10

Trump Declares New World-Trade Order (WSJ) Trump brings tough trade message in vision for Asia (Reuters) Trump Offers Trade to Asian Nations But Only If They Play Fair (BBG) Flynn Probed Over Alleged Plan to Send Back Turkish Cleric (WSJ) GOP’s Dueling Tax Overhauls Struggle to Pass a Key Red Ink Test (BBG) Trump’s CNN […]

UK Will Compromise On Divorce Bill To Accelerate Brexit Negotiations

At last, it seems like the deadlock in Brexit negotiations is over and, not surprisingly, it was the UK which blinked first. According to Bloomberg, the U.K. signalled it is preparing to compromise in its stand-off with the European Union over the Brexit bill, with new talks scheduled next week in an effort to break […]

Goodbye Royal Marines

Authored by Matthew Jamison via The Strategic Culture Foundation, Over the course of the summer there was great fanfare and much to do from the British Secretary of State, Sir Michael Fallon MP, regarding the 'completion' of two new British aircraft carriers called HMS Queen Elizabeth and HMS Prince of Wales. Fallon, a thoroughly odious […]

UK MP Jared O’Mara – Grovelling Apology For Sick Comments About Women, Gay Men, & Fat People

Jared O’Mara, who ousted former Deputy Prime Minister, Nick Clegg, to become MP for Sheffield Hallam in this year’s General Election issued a “grovelling apology” for sexist and lewd comments which were published on a well-known UK political blog, Guido Fawkes. O’Mara made the comments on a music forum, “Drowned in Sound” in 2004 when […]

Theresa May “Ambitious And Constructive” On Brexit Talks, Mocked By Corbyn In Parliament

In a statement to the UK Parliament today following last week’s EU summit, Prime Minister, Theresa May, stated that she was “ambitious and constructive” about the progress of Brexit negotiations. May talked up (again) progress made on safeguarding citizens’ rights so that EU nationals can remain in the UK and vice-versa. She also reiterated that […]

Pound Spikes After May Says She Has “Full Support” Of Her Cabinet

Amid speculation and doubts that UK Prime Minister Theresa May could be forced to resign as soon as Christmas amid a mutiny of Tory MPs following her disastrous conference speech, which resulted in the pound’s biggest weekly decline since last October’s flash crash, moments ago the UK Press Association reported that Theresa May said she […]

Cable Crashes To 1-Month Lows As May Mutiny Mounts

On the heels of our earlier note regarding the disastrous speech Theresa May gave yesterday and the backlash from her own party, it appears the mutiny is mounting as The Telegraph reports that Tory rebels have said that there is a "50/50" chance they will confront Theresa May in the next three days and demand […]

Theresa May Could Be Ousted By Christmas As “Quite A Few” MPs “Firmly” Want Her Out: Report

Following Theresa May’s “disastrous” conference speech in Manchester yesterday, in which she had a coughing fit preventing her from speaking for minutes, while a heckler gave her the UK equivalent of a pink slip, and ended with letters falling from the slogan behind the stage and the Prime Minister being comforted by her husband, her […]

“No News Is Bad News”: May Calls For 2 Year brexit “Transition Period”, No Mention Of Early Departure

Theresa May’s speech has concluded, and while she did not confirm prior rumors that she may call for early EU departure prior to 2019, cable is lower on what has been called a “no news is bad news” speech, because as Danske Bank said, May’s remarks in which she confirmed that the UK will be […]