Diary Day 326: more about tweets. Scottish ministers still oppose EU Withdrawal Bill in its current form. Prudential Regulation Authority asks for implementation period. 

My #Remainer’s Diary Day 326: it turns out that the author of the anti-Brexit tweets I mentioned, James Chapman, was a former political editor of the Daily Mail as well as former special adviser to David “No Notes” Davis at DExEU. Both career choices are thoroughly off-putting to the likes of me. Perhaps he has experienced a Damascene conversion. Being married to a non-UK EU citizen could have something to do with it. 

Vince Cable drily tweeted: “Warned by .@jameschappers ex-Chief of Staff to Brexit Secretary @DavidDavisMP and ex #dailymail that #Brexit ‘catastrophe’. He should know.” 

Yes, he should. That is the point. 

I particularly enjoyed the tweet to the rabble-rouser Farage, who had asked whose side he was on: “Not yours. We are going to grind you and your appalling party into the dust. How’s the German citizenship application going?” 

Mr Chapman later told the Guardian: “There is going to be an issue with leaving the European Economic Area. There is a separate trigger for that, which is article 127, which will have to be considered next March. There is no majority in parliament for leaving the EEA, so the government is going to have to shift its position…” 

As I said before. 

He wants to start a new party called “the Democrats”. He thinks it will be like En Marche. Bad idea, because we don’t have presidential elections to kick start a new party with, and because we have First Past the Post vote counting. But about time the Conservatives split. 

Theresa May’s lieutenant Damian Green met Scottish Deputy First Minister John Swinney and Brexit Minister Michael Russell in Edinburgh. Afterwards Mr Russell said the latest talks were “useful”, but had not changed anything. He said the Scottish government remained “absolutely clear” that it could not recommend Holyrood give its consent to the EU Withdrawal Bill in its current form. 

Sam Woods, deputy governor of the Bank of England and CEO of the Prudential Regulation Authority, said in a letter to the new chair of the Treasury Select Committee, Nicky Morgan MP, that “some form of implementation period is desirable, in order to give UK and EU firms more time to make the necessary changes to the UK’s new relationship with the EU in an orderly way”. 

He said the PRA had received 401 responses to a call for Brexit contingency plans from the firms it supervises. It identified four main risks from the banks’ execution of their Brexit contingency plans and that the PRA might face “a material extra burden on [its] resources” by having to authorise and then supervise a significant number of additional firms. “We may have to make some difficult prioritisation decisions in order to accommodate it,” he said.

All in all quite a bad day for the Brexit zealots. I will raise a glass to that thought. Cheers. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s