Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Calls For Softer Brexit Grow

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

The major problem with the Brexit stance of the UK government prior to the election was that it seemed unclear on exactly what it wanted and what compromises it would accept in order to obtain it. In her Lancaster House speech, Mrs May seemed to rule out membership of the Single Market and the Customs Union in one breath and call for frictionless borders and tariff-free access to the Single Market whilst rejecting freedom of movement and the supremacy of the European Court of Justice (which currently adjudicates any trade disputes in the EU). Talk of bespoke deals, not turning the UK’s back on her European partners and finding win-win deals just serves to further obfuscate what Britain wants and what it will pay for.

Having called an election ostensibly to strengthen her hand in Brexit negotiations, by granting her a large majority, the reality of being returned to power as the head of a minority administration, poses more questions than it answers. Plainly, Mrs May did not receive a ringing endorsement of her Brexit strategy, but although billed as a “Brexit election” there were other pressing domestic issues in play. Does this mean that the public appetite for Brexit has declined?

Certainly, politicians are arguing that the idea of “no deal is better than a bad deal” with the threat of turning the UK into a low corporate tax haven must now be set aside. There is also a chorus of voices demanding that the PM adopt a more consensual style of leadership and even involve opposition parties more deeply in the Brexit process. Moves towards demanding a soft Brexit are growing, but compliance with all EU directives and standards related to trade without any hand in shaping them seems to fly in the face of all logic. As Donald Tusk said, the UK is either in the EU or it’s not. 

During a meeting with President Macron in France yesterday, he told the PM that the door remained open to the UK changing its mind and remaining in the bloc right up to the point when the exit period elapses. Mrs May should lead little persuasion of the wisdom of this offer as she was a campaigner for the UK to remain in the EU in the first place. Perhaps the chances of the UK staying have been bolstered by the fact that the PM will not be the person leading the party into the next election (assuming that she can get the next Queen’s speech approved, of course), so she might be tempted to undo the harm done by David Cameron – politics is a funny old game. The economic climate in the UK will drive popular support for Brexit and currently, the omens for it look poor with declining wage growth and rising inflation.

Dr. Mike Campbell
About Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.
 

Most Visited Forex Broker Reviews