Economy FALLS by 20.4% - COVID - 19 Update 1 - Health/Economy

After the good news on Brexit, here is the bad news on the economy!!

Sky News: Reports " Coronavirus: Bank of England 'ready to take action' after economy tanks 20%...Governor Andrew Bailey says there are signs of recovery, but the big question is how much long-term damage has been done.  "

Lets Get Real:

The gloomy predictions for the economy have been around for a few weeks, the biggest recession since the early 18th Century.  It will be the job of the Bank of England and the UK Treasury to get the Ship of State stable and ready for Brexit at the end of the year.  The UK Government should borrow billions and pay it off over decades, and then invest in the economy with tax cuts and lower business rates, that will drive the EU mad, some good news there then.  The next few years could be dire, high unemployment and inflation will come back sooner or later, thus prices will go up and so will mortgages.  One crisis at a time, thank goodness PM Boris has a majority of 80, these MPs should recall the early 80s, they have to stand up for the Government and accept that the polls will not always be good. 

No Transitional Extension - Gove - Brexit Update 1 - Transitional Period

Freedom, Freedom is close folks -

BBC News: Reports " Cabinet Office minister Michael Gove said on Friday that he had "formally confirmed" to the EU that this would not be extended, adding that the "moment" for such a move had "now passed".  "

This blog is happy today, we have formally told the EU to get lost, one always thought that either the Government would change its mind because of COVID - 19 or that the remainers had a sneaky way to prevent the UK leaving the EU.  The Government has announced that there will be a phased check at goods coming in to the UK, this will give business time to get ready.  Of course the EU might introduce check on all goods, just to be difficult, we shall wait and see.   The Remainers would be crying in to their pints, if they know what us plebs drink, they have finally seen their dream of a EU State go down the toilet.  A very happy day. 

Mexican stand off for EU talks on Monday - Brexit Update 2 - Transitional Talks

Sky News: Reports " Brexit: Boris Johnson to hold crunch talks with EU chiefs next week amid stalling trade negotiations...The PM will speak with Charles Michel and Ursula von der Leyen as Number 10 repeats it won't extend the transition period.  "

Lets Get Real:

The Hard Remainers in the press have been hard at it, they have suggested an extension to the transitional period, anything to keep the UK in the clutches of the EU.   The hard remainers can not see that the UK out of the EU can bloom, new trade deals with other Countries and an expansion of the economy, making the UK a centre for business and internatioanl trade.   One can expect that the HARD REMAINERS wil use the press and courts to block the end of the transitional period.   The remainers have shown they are sneaky from 2016 to 2019, PM May had a nightmare time as PM because of the hard remainers and the leavers using the Courts and House of Commons to block a deal.  The 2019 General Election gave the Conservatives  a 80 Seat majority, thus no reason for not having a NO DEAL BREXIT. 

PM Johnson to speak to the EU on Monday - Brexit Update 1 - Transitional Period

BBC News: Reports " Boris Johnson will hold post-Brexit trade talks with EU Commission President Ursula von der Leyen via video link on Monday next week.  "

Lets Get Real:

THIS is the time for the EU to change its agenda or for the UK to say that they will be no extension and that the UK will cut ties with the EU on December 31st of this year.  The French and Germans have not allowed the EU team that is dealing with a  Brexit deal much area to move to the UK line.   OUR fish are our fish, and the ECJ will not have the final say on any legal problems in the future.  The PM has to be firm and to be seen as being firm, any weakness will be jumped on by the EU and the ERG in Conservative ranks.  This is Boris's Churchill moment!