High Court Brexit defeat for Government – Landlords Reactions

by Property 118

12:18 PM, 3rd November 2016
About 2 years ago

High Court Brexit defeat for Government – Landlords Reactions

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High Court Brexit defeat for Government – Landlords Reactions

The High Court has today ruled that Parliament must vote on whether the UK can start the process of leaving the EU.Brexit

This means that the government alone without Parliament approval cannot trigger Article 50 of the Lisbon Treaty and begin formal negotiations with the EU.

Theresa May’s official spokeman said government had “no intention of letting the judgement derail Article 50 or the timetable we have set out. We are determined to continue with our plan”.

The government is appealing this decision and a hearing is likely to be in December.

Theresa May was relying on the democratic referendum and existing ministerial powers to not require a further vote by MPs, but campaigners who funded the case called this unconstitutional.

Gina Miller, who brought the case, said that government should not appeal and “the result today is about all of us. It’s not about me or my team. It’s about our United Kingdom and all our futures.”

Nigel Farage, UKIP leader, said “we are heading for a half Brexit. I worry that a betrayal may be near at hand. I now fear that every attempt will be made to block or delay the triggering of Article 50. If this is so, they have no idea of the level of public anger they will provoke.”

Jeremy Corbyn, Labour leader, said “this ruling underlines the need for the government to bring its negotiating terms to Parliament without delay. Labour respects the decision of the British people to leave the European Union. But there must be transparency and accountability to parliament on the terms of Brexit.”

Tim Farron, Liberal Democrat leader, “ultimately, the British people voted for a departure, but not for a destination, which is why what really matters is allowing them to vote again on the final deal, giving them the chance to say no to an irresponsible hard Brexit that risks our economy and our jobs.”



Comments

Mark Alexander

12:21 PM, 3rd November 2016
About 2 years ago

I wasn’t at all surprised when the UK voted marginally in favour of Brexit. What did shock me was the extent of the fall in the value of the pound and the rapid departure of the pro-Brexit Politicians.

It will be interesting to see what impact this Court ruling has on the £ as that will affect buying and selling decisions of overseas investors. Those overseas investors who piled into the UK property market when the pound was so low might exit just as quickly if the pound recovers sharply, as that could provide a quick profit.

The big question is my mind is whether just the 48% who voted remain will be happy or whether that figure will grow based on Brexit voters who may now be feeling cheated, and with good reason to feel that way in my opinion.

Having said all of that, I’m still not sure whether Brexit or Remain will be better for the UK in the long term. I’m certainly not convinced that Europe is a stable economy. With the recently reports of vulnerabilities in Deutsche Bank, as well as the financial difficulties in later entrants to the EU plus the known financial problems in Portugal, Italy, Ireland, Greece and Spain it makes me wonder what else is lurking under the surface that could also spell the end of the Eurozone. Do we really want to be part of that?

At least the majority of Scots and Londoners will be happy with the ruling!
.

Neil Patterson

12:29 PM, 3rd November 2016
About 2 years ago

I can only really see this as a delay to the process, but I was very wrong on predicting the referendum.

Right or Wrong the country is better off with a fast decision rather than years of uncertainty. The instant rise in Sterling I would put down to traders playing the market so long term who knows!

Neil Patterson

12:51 PM, 3rd November 2016
About 2 years ago

Watching Daily Politics, if the appeal is unsuccessful we may be heading for a Snap General Election to gain a larger majority and curb the commons power to frustrate and delay.

peter thomson

14:49 PM, 3rd November 2016
About 2 years ago

I'm inclined to agree with Neil Patterson in respect of the pounds decline whilst economic factors have an impetus the decline or rise of Cable ie £ vs $, there are forex traders which would have been conducting short selling on different time frames and making a killing on the pounds decline. I suspect this has been a golden opportunity for forex traders to sell short as it will be the same when the time comes to go long on Cable which has an impact on foreign buyers. the low base rate doesn't help either when it comes to buying sterling.

Dylan Morris

18:35 PM, 3rd November 2016
About 2 years ago

Theresa May is part of the establishment and a Remainer. This is exactly the reason why she has delayed implementing Article 50. I'm confident the Supreme Court on appeal will agree with today's High Court decision. May will then have no option but to put it to a Parliamentary vote which will be defeated and Article 50 will never be triggered. All part of the plan since we voted the wrong way. (There will be lots of whining initially, talk of a constitutional crisis and maybe a few demonstrations by Leave voters here and there, but it will not change anything). I've always said we would never be allowed to leave. Theresa May will have played her role very well.

Simon Hall

19:23 PM, 3rd November 2016
About 2 years ago

Reply to the comment left by "Dylan Morris" at "03/11/2016 - 18:35":

Dylan,

I concur with your notion. Theresa May simply played the game to save her face and keep her creditability intact. In reality once a Remainer always a Remainer.

This game has been played high up to fool the ordinary folk. Having done their analysis they realised what a Cock up they had made so they wanted to reverse the decision made by public. They certainly have achieved their objective.

Steve Wood

23:49 PM, 3rd November 2016
About 2 years ago

The EU is a nice idea but that's all.

Dylan Morris

8:49 AM, 4th November 2016
About 2 years ago

Reply to the comment left by "Steve Wood" at "03/11/2016 - 23:49":

What's nice about it ?

Steve Wood

16:51 PM, 4th November 2016
About 2 years ago

I said it was a nice idea. That's all. Not that it turned out any good!

Michael Barnes

10:49 AM, 6th November 2016
About 2 years ago

Reply to the comment left by "Dylan Morris" at "03/11/2016 - 18:35":

No.

She has delayed invoking article 50 so that there is time to plan what we want to achieve from the exit negotiations and to prepare a strategy for that.

Once article 50 is triggered the clock is ticking on getting negotiations concluded. Only a fool would waste valuable negotiating time working out what they want the negotiations to achieve.


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