Forty years in the wilderness?

I doubt it will be that long but the Remainers have a long wait. Or perhaps not so long if, as I suspect, the UK will wind up with no deal at the end of the year, thus making Brexit even more painful. One thing is for sure, Boris Johnson isn’t going to accept a deal that leaves the UK close to the EU (à la Switzerland) and the EU isn’t going to give the UK access to a Single Market that doesn’t include free movement of peoples. And you can count on the US to exploit its superior bargaining position in free trade talks. That probably means higher prices in the UK for prescription drugs and letting American agricultural products in, GMO or no GMO. At least, we can expect the EU to keep its doors open to the repentant prodigal.

Having bet it all on stopping Brexit and lost, Remainers now look to keeping Britain as close to the European Union as possible.

But stop it we must

Max Boot in the WaPo: “Yet, despite all the differences between British and American politics, there are too many disturbing parallels to ignore. Like Trump, Johnson was born to privilege and lacks empathy for those who weren’t. Like Trump, Johnson is unprincipled and opportunistic. Like Trump, Johnson lies like crazy and never seems to pay a price for his dishonesty. Like Trump, Johnson harnesses fear and loathing of immigrants among aging, white voters. Like Trump, Johnson weaponizes social media and spreads disinformation. Like Trump, Johnson has received Russian support (the Tory Party has gotten at least $4.7 million from Russian donors in the past decade) and has tried to block the public from learning about Russian political interference. And, like Trump, Johnson was long judged too much of a lightweight and opportunist to lead his nation. …

“Right-wing populists like Trump and Johnson have figured out how to mesmerize voters with their simplistic slogans and spellbinding showmanship. They are political sorcerers — and no opponent has yet figured out how to consistently break their spell. Unless Democrats can crack the code in the next 10 months, the West might never recover. A good start would be to avoid nominating a presidential candidate who — even if less extreme than Corbyn — is still far too left for the mainstream electorate.”

Pass the popcorn

“To side with America rather than the EU, as Johnson has been showing recently, risks committing the UK to far more than Brexit.

“Johnson is a risk-taker: while his gamble on Trump might benefit him today, it also risks breaking Britain, splitting the four-nation Union, and potentially putting it on the wrong side of emerging geopolitical fault lines.”

This weekend, Boris Johnson is making his leadership debut as on the world stage at the G7 in the French resort of Biarritz.

European Banking Authority flees across the Channel

“But what does this mean for London? Financial pundits have repeatedly warned of serious problems for the U.K.’s financial services industry unless London has access to the EU’s single market. At present, this seems like a pipe dream: none of the proposals from the U.K.’s main political parties would give the financial industry what it wants. The hemorrhage of assets and staff from London seems set to continue.”