Posted Apr 19, 2018 by Martin Armstrong
The upper house in Britain has overruled the people trying to keep the UK in the EU which would destroy the British economy. The upper House of Parliament backed calls to remain in the EU customs union after Brexit. The House of Lords voted 348 to 225 to amend the government’s EU Withdrawal Bill in a real insane move. This will now return to the House of Commons where the defeat is likely to spur renewed opposition to the whole BREXIT issue.
The amendment would now require the government to report to Parliament by October 31st on exactly what steps it has taken to remain in the customs union. This vote clearly shows that the House of Lords is seriously out of touch with economic reality. London is the financial center and it is THE market that dwarfs all of Europe combined. The entire posturing of Brussels to try to take trading the Euro away from Britain is based upon the fear that they can not control the Euro. They have outlawed shorting government bonds and they would like that power over the currency as well.
By tinkering with the Free Trade portion, they are disrupting the entire process and laying the seeds to overturn BREXIT entirely. Thank God Maggie is not here to witness these machinations. She was devastated when her cabinet stabbed her in the back to try to take the pound into the Euro. Had it not been for the attack on the pound which forced it to leave the ERM, Britain would have been completely destroyed by John Major’s government. They just do not comprehend what Europe is all about – Maggie did!