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While I don't have a view as to whether the 92 Billion bill is right/wrong/enforceable or not, in general I would suggest that tabloids can be highly unreliable sources for things such as Brexit, as they tend to present an extremely skewed and biased version of facts - Daily Mail, Daily Express and the like would fall in that category.
They are still around and the editorial quality has not changed, pretty much like the Mail - check this out, from Wikipedia
In other news, the banking exodus threat continues: City banks could move at least 9,000 jobs from UK due to Brexit
Big banks in the City could shift at least 9,000 roles out of the UK as a result of Brexit, according to a tally of job warnings since the EU referendum.
Deutsche Bank is leading the threatened exodus, according to research by Reuters, while the two financial centres making the most gains from London’s loss are Frankfurt and Dublin.
Last month Deutsche warned that up to 4,000 UK jobs – nearly half its UK workforce – could move to Frankfurt and other EU centres. US bank JP Morgan is preparing to move up to 1,000 bankers out of the City to Dublin, Frankfurt and Luxembourg. Goldman Sachs, despite continuing to build a new headquarters in London, has said it would need more people in Madrid, Milan, Paris and other cities in the EU.
LONDON — An observer of Britain’s “Brexit” debate would be forgiven for thinking that the country’s economy is one of the European Union’s star performers. Brexit’s advocates rarely pass up an opportunity to claim that the European Union economy is the world’s weak link, and that Britain’s reformed, dynamic and flexible economy has little to risk, and much to gain, from leaving it. The reality is rather different. And Brexit threatens to make matters worse.
Britain’s economic performance relative to the other big economies in Western Europe — including France, Germany, Italy and Spain — does not stand out as impressive, at least once the different prices of goods and services across these countries are factored in. As the chart below shows, British economic growth between 2000 and 2015 lagged behind Spain and Germany.
And in 2015 Britain ranks only slightly ahead of France, a country that has become synonymous in Britain with economic weakness.
Sustainable increases in living standards require economies to combine land, labor, capital and technology in more efficient ways; Britain has made a poor job of this, helping to explain why Britons’ wages have risen by much less than their French and German counterparts over the last 15 years.
This article is more about the possible consequences of a UK minority parliament to the Brexit process (and Theresa May's denial, which is now blatant) than economics, but I thought I'd post anyway given the possible ramifications.
If there was any remaining hope in Brussels or European capitals that the British establishment would return to reality-based politics, this latest election campaign and result should eliminate it. When it comes to Brexit the UK is like a child that just will not see reason. The only grown-ups left in that room called Europe must therefore start preparing to impose their own solution.
“Another own goal – after Cameron, now May,” tweeted Brexit negotiator for the European parliament Guy Verhofstadt last night. Yet the own goal was not holding this election. Last year’s EU referendum campaign was waged with lies, manipulation and delusional promises, leading millions of Britons to vote for an option that was simply not on the menu: shirking all the obligations of EU membership while keeping the benefits. In Boris Johnson’s infamous phrase: let’s vote to have our cake and eat it.
his election could have been the moment when Britain made a choice between two options that were actually available: having that cake and therefore sailing with open eyes into the inevitable economic shock and pain of hard Brexit. Or keeping the cake by becoming a bigger Norway and accepting all the rules of the single market: no end to EU immigration, significant contributions to the EU and acceptance of the European court of justice.
This is how democracy is supposed to work but it was not at all what Labour or the Conservatives offered. Both all but avoided Brexit during the campaign, wallowing in platitudes or pretending this was merely one isolated issue among many. Even by the most conservative estimates Brexit will cost the UK billions. Where is this money going to come from?
By and large British journalists let them get away with this, and so it was that the BBC election broadcast yesterday took no less than 90 minutes before bringing on Brussels correspondent Katya Adler. She then pointed out what nobody had apparently deemed interesting enough to say earlier: since the UK has triggered article 50 to leave the EU, the clock is ticking to avoid crashing out of the EU altogether – a scenario that makes the economic disaster of a mere hard Brexit look tantalisingly attractive. Add to this that in a hung parliament these all-important negotiations probably cannot start and you have an absolutely alarming situation.
The guests nodded and that was that.
This is, in one image, the state of denial that Britain is still in, surprising election result or not. This morning sources around Theresa May leaked to the Tory-friendly Daily Telegraph that she is likely to stay on as prime minister because “she does not want to allow Brussels to delay Brexit talks”.
I watched Trainspotting 2 last week, I won't spoiler but the 1690 hall scene is a good reminder to everyone of the realities of the sectarian animal. Whole load of old/new problems will be energised by this coalition I imagine.
edit:
As its been two plus years since I left ROI and England (I bounced between a lot) I asked someone smart whats with the labor rise. Two cents anyway.
"Health is a big issue. .. Tories have run NHS into the ground and everyone feeling it.. Also plans to scrap tuition fees popular with the young. Unclear apart from that but let's face it. ..no party presented a good all round plausible way forward."
