The rancorous war of words in the diplomatic spat between the UK and Russia in the aftermath of the Salisbury nerve agent attack on former Russian spy Sergei Skripal and his daughter Yulia has included some old tactics from the Cold War era.
Posts from the ‘Politics’ Category
In light of recent developments in Saudi Arabia where the new Crown Prince has asserted his authority over his rivals and critical institutions within the Kingdom (see LDC, December 2017). There have been stirrings of discontent within the Islamic Republic of Iran enough to rattle the ruling clerics and provoke a response from Supreme Leader Ali Khamenei about foreign agents stirring up discontent within Iran.
Arab Princes in A 5 Star Jail and Trump’s Daft Declaration: It’s Getting Even Hotter in The Middle East.
Events in the Middle East since November 2017 have taken some dramatic steps even for this politically volatile region.
Wars in Syria and Iraq grind on against now a much reduced ISIS threat however the Syrian Defence Force/Kurdish (YPG led and US supported) coalition are now vying for land and political control in regained territories. Libya’s civil strife continues with little notice given by the rest of the world until something dramatic happens.
In light of Britain’s Brexit struggles with the EU negotiators in Brussels embattled Prime Minister Theresa May faces continued dissonance within her party and subsequent dearth ineffective policies for her new minority government. The Conservatives remain as split over the EU and its Brexit outcome as they have ever been since the Maastricht treaty in 1992. Read more
Barcelona was battered, bruised and reeling from a weekend of civil unrest after an emotionally charged independence referendum for Catalonia, unsanctioned by the Madrid-based Spanish government, ensued into what appears as extremely heavy-handed treatment by riot police towards voters at polling stations. Read more
While Brexit negotiations trundle along economic warnings are building up. Former Labour Chancellor during the financial crisis of 10 years ago Lord Darling and former deputy BoE governor Charlie Bean have both recently shared concerns over debt remaining high since the 2008 crisis and an economic slowdown in the UK economy continuing into 2018. The latest construction purchasing managers’ index survey recorded a fall in activity from June-July 2017 and a reduction in new business since August 2016. Read more
The spring time terrorist attacks in both London and Manchester along with the Grenfell Tower fire tragedy in London’s Borough of Kensington and Chelsea have left a painful and fearful legacy in the UK at present. While the new diminished government barely copes. Read more
Just 35 days before the UK General Election the Conservative had their best local government election’s result in years. They recorded 558 gains with labour losing 328 and UKIP being almost annihilated to 1 seat from 114. UKIP claimed to be a victim of their own success after last year’s Brexit Referendum. This was cited as one of the main reasons for holding a General Election to provide a stronger mandate to negotiate for the EU exit deal. Surely the domestic economy’s tax and spending plans should be a higher priority manifesto consideration as Brexit is now only for the negotiators as it’s over as a concern for voters (Irish Mirror, 2017). Read more
I’m looking forward to seeing the back of 2016.
However it’s not particularly as an investor that I’ll be glad to see the start of 2017 but as a voter. I have voted 5 times since 2014 in elections for EU, UK and Scottish parliaments, 1 Scottish referendum and in June 2016 the Brexit referendum. It has been the latter that has seemed to matter the most and it has caused all the political upset although markets have been benign about the result so far except with currency markets against Sterling. Unfortunately that does matter as prices are rising and inflation will creep back in to the UK RPI figures as 2017 progresses.
Brexit and the Philippines’ President Duterte “Harry” Show the US Has Problems With Key Allies Doing the Unexpected.
Before the UK’s referendum on leaving the EU in June 2016 plenty of world politicians advised the British to remain most prominently was the current US President Barack Obama warning the UK would be, “at the back of the queue,” in any future trade negotiations with the US if it choose to leave.