Boris Johnson Emerges, Explains What "The Only Change" As A Result Of Brexit Will Be

Tyler Durden's picture

With both David Cameron and George Osborne having vaporized and seemingly no one ready (or willing) to take charge in this transition period in which Cameron is no longer the effective PM, yet is unwilling to trigger Article 50, many have been looking to the presumptive next PM, Boris Johnson, to emerge and say a few encouraging words, which he seemingly evaded most of the weekend. However, at 10pm local time, a long overdue BoJo Op-ed graced the pages of the pro-Brexit telegraph, in which the former London mayor says that he "cannot stress too much that Britain is part of Europe – and always will be", writes that he believes "that this climate of apprehension is understandable, given what people were told during the campaign, but based on a profound misunderstanding about what has really taken place", but the key statement, and the one all of the understandably confused "Leave" voters will be looking for is Johnson's explanation of what he thinks will change. To wit:

The only change – and it will not come in any great rush – is that the UK will extricate itself from the EU’s extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal. This will bring not threats, but golden opportunities for this country – to pass laws and set taxes according to the needs of the UK.

It remains to be seen if he can convince the Leave - and certainly Remain - camps (the latter, we doubt), especially since nowhere in the op-ed is the all important topic of Article 50 invoked, and more importantly, who and when will trigger it, perhaps the only issue which the markets demand clarity on at this moment. 

Among the other notable Johnson claims is that Britain will continue to have access to the European Union's single market despite voting to leave the bloc,  adding that Britain could now forge a relationship with the EU based on free trade and partnership rather than a federal system, and that Britain would also be able to do free trade deals with growth economies outside the EU.

"There will continue to be free trade, and access to the single market," Johnson wrote in a regular column for the Daily Telegraph newspaper, adding that there was "no great rush" for Britain to extricate itself from the EU.

He did not set out any details of how the arrangement would work, but suggested Britain would not accept free movement, saying the government would be able to implement an immigration policy which suited the needs of business and industry.

Johnson said the negative consequences of Brexit were being "wildly overdone" and that Bank of England governor Mark Carney, who came under fire from some Brexit campaigners ahead of the referendum for flagging the risks of leaving the bloc, should continue in his job.

"The economy is in good hands," he said, praising 'In' campaigners Prime Minister David Cameron and finance minister George Osborne for the work they have done to reduce public spending. "Most sensible people can see that Bank of England Governor Mark Carney has done a superb job - and now that the referendum is over, he will be able to continue his work without being in the political firing-line."

* * *

Boris Johnson's full op-ed, originally posted in The Telegraph


I cannot stress too much that Britain is part of Europe – and always will be

This EU referendum has been the most extraordinary political event of our lifetime. Never in our history have so many people been asked to decide a big question about the nation’s future. Never have so many thought so deeply, or wrestled so hard with their consciences, in an effort to come up with the right answer.

It has been a gruelling campaign in which we have seen divisions between family and friends and colleagues – sometimes entirely amicable, sometimes, alas, less so. In the end, there was a clear result. More than 17 million people voted to leave the EU – more than have ever assented to any proposition in our democratic history. Some now cast doubt on their motives, or even on their understanding of what was at stake.

It is said that those who voted Leave were mainly driven by anxieties about immigration. I do not believe that is so. After meeting thousands of people in the course of the campaign, I can tell you that the number one issue was control – a sense that British democracy was being undermined by the EU system, and that we should restore to the people that vital power: to kick out their rulers at elections, and to choose new ones.

I believe that millions of people who voted Leave were also inspired by the belief that Britain is a great country, and that outside the job-destroying coils of EU bureaucracy we can survive and thrive as never before. I think that they are right in their analysis, and right in their choice. And yet we who agreed with this majority verdict must accept that it was not entirely overwhelming.

There were more than 16 million who wanted to remain. They are our neighbours, brothers and sisters who did what they passionately believe was right. In a democracy majorities may decide but everyone is of equal value.  We who are part of this narrow majority must do everything we can to reassure the Remainers. We must reach out, we must heal, we must build bridges – because it is clear that some have feelings of dismay, and of loss, and confusion.

I believe that this climate of apprehension is understandable, given what people were told during the campaign, but based on a profound misunderstanding about what has really taken place. At home and abroad, the negative consequences are being wildly overdone, and the upside is being ignored. The stock market is way above its level of last autumn; the pound remains higher than it was in 2013 and 2014.

The economy is in good hands. Most sensible people can see that Bank of England governor Mark Carney has done a superb job – and now that the referendum is over, he will be able to continue his work without being in the political firing-line. Thanks in large part to the reforms put in place by David Cameron and George Osborne, the fundamentals of the UK economy are outstandingly strong – a dynamic and outward-looking economy with an ever-improving skills base, and with a big lead in some of the key growth sectors of the 21st century.

We should be incredibly proud and positive about the UK, and what it can now achieve. And we will achieve those things together, with all four nations united. We had one Scotland referendum in 2014, and I do not detect any real appetite to have another one soon; and it goes without saying that we are much better together in forging a new and better relationship with the EU – based on free trade and partnership, rather than a federal system.

I cannot stress too much that Britain is part of Europe, and always will be. There will still be intense and intensifying European cooperation and partnership in a huge number of fields: the arts, the sciences, the universities, and on improving the environment. EU citizens living in this country will have their rights fully protected, and the same goes for British citizens living in the EU.

British people will still be able to go and work in the EU; to live; to travel; to study; to buy homes and to settle down. As the German equivalent of the CBI – the BDI – has very sensibly reminded us, there will continue to be free trade, and access to the single market. Britain is and always will be a great European power, offering top-table opinions and giving leadership on everything from foreign policy to defence to counter-terrorism and intelligence-sharing – all the things we need to do together to make our world safer.

The only change – and it will not come in any great rush – is that the UK will extricate itself from the EU’s extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal. This will bring not threats, but golden opportunities for this country – to pass laws and set taxes according to the needs of the UK.

Yes, the Government will be able to take back democratic control of immigration policy, with a balanced and humane points-based system to suit the needs of business and industry. Yes, there will be a substantial sum of money which we will no longer send to Brussels, but which could be used on priorities such as the NHS. Yes, we will be able to do free trade deals with the growth economies of the world in a way that is currently forbidden.

There is every cause for optimism; a Britain rebooted, reset, renewed and able to engage with the whole world. This was a seismic campaign whose lessons must be learnt by politicians at home and abroad. We heard the voices of millions of the forgotten people, who have seen no real increase in their incomes, while FTSE-100 chiefs now earn 150 times the average pay of their employees. We must pursue actively the one-nation policies that are among David Cameron’s fine legacy, such as his campaigns on the Living Wage and Life Chances. There is no doubt that many were speaking up for themselves.

But they were also speaking up for democracy, and the verdict of history will be that the British people got it right.

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mvsjcl's picture

"... [Laws] enacted by a European Court of Justice..." This doesn't pass the smell test.

Looney's picture

 

I just watched Lagarde’s Brexit interview on Bloomberg and lemme tell y’all…

Her wearing white see-through yoga pants is as disturbing as a nekkid vaginaless Yellen wearing a tutu.  ;-)

Looney

knukles's picture

Brexit in Compton; "Fuck you mean motherfuckah my EBT card don't work in here an I wants my mother fuckin' brexit, Yo!"

knukles's picture

Anybody but me see a Color Revolution here with a shifting of a few folks and responsibilities here and there and ... don't worry. 
But then again is this not primarily ridding themselves of the excesses of taxation and regulations brought upon them by an unelected political caste, the Bourgeois?
I thus ask you.  Do you see any faces other than the Bourgeois amongst our new saviors?
Or have we witnessed something truly momentous?

HowdyDoody's picture

Barry made a visit to the UK telling them not to even think about leaving the EU. He has been very quiet following the result. A color-coded regime change exercise takes about 6 months to setup (based on evidence from Ukraine etc) so UK Christmas time could be interesting.

 

Occident Mortal's picture

Boris is out of his depth now.

Tall Tom's picture

OT...

 

Cable is currently down 2% The British Pound Sterling is continuing its dive.

 

Somebdy over there better step up to the plate. They will not have a currency and there will be no Market...which is...er...not a bad thing actually, thinking about it now..

 

Yeah. Brits...Stiff upper lip and all o' that mates. Let's collapse this motherfucking fraudulent Global Banking Cartel once and for all..

AVmaster's picture

Sounds like you guys need someone else but this dude.

 

Go with nigel farage...

santafe's picture
santafe (not verified) AVmaster Jun 26, 2016 10:32 PM

THE ONLY CHANGE Europe needs is to get rid of this:
http://goo.gl/l6d22d

Twee Surgeon's picture

Boris is the agenda 21 poster boy, he was selected long before the Brexit, he and Trump. Lineage....

Multi's picture

"saying the government would be able to implement an immigration policy which suited the needs of business and industry"...  We will restrict the movement of other peoples into our country.

"British people will still be able to go and work in the EU; to live; to travel; to study; to buy homes and to settle down"... And, nobody is going to restrict our movement into other people's countries.

Wow, you have to be really dumb to believe what comes out of a politician's mouth. There is not country on earth without a good amount of stupid people, I guess.

Just use your brain for a change, what makes you Brits think that you gonna get all the upsides and none of the downsides? are the other people in the rest of Europe more retarded than you would normally expect? why wouldn't they want a similar deal? you get what you give.

I'll adventure and say even more, if you actually leave the EU and the elites in Europe have half a brain, you'll be used as an example of the bad things that happen when you leave the union so others don't follow suit.

Ghordius's picture

"what makes you Brits think that you gonna get all the upsides and none of the downsides?"

well, it's a bargaining starting position

all EU Freedoms for UK Citizens, and none for EU Citizens

All Fisheries for the UK, and The City Of London keeps being The Premier Financial Center of Europe, and the main hub of trade for the EUR

British banks and companies exempt from any EU regulations even when operating on the Continent

it's a wish list. all in all, I would say the English genrally prefer this kind of approach, i.e. an adversarial one to the more continental collaborative one of having to trash this in a Council and Parliament on a political platform

CuttingEdge's picture

You are starting to sound a bit whiney these days Ghordius - doesn't become you.

Last I looked London has been the financial and mercantile trading capital of Europe for hundreds of years - as a world (i.e beyond the EU and without its protectionist rules) trading hub it has only a few peers. Whether it remains thus we shall see, but given the way Draghi is trying to buy the dying EU economy to infinity and beyond at €80b a month it is more than likely it may be the only one left standing in Europe. For Britain to be given the opportunity to trade freely with whomever they wish in the world, which they were pretty damned good at 500 years before EU even existed, fills me for one with confidence - because that is the Britain that has been missing for way too long. And why should it be a bad thing that they can do this? Oh, because it hurts the 70 000 parasites on the gravy train in Brussels? Fuck, what a shame.

 

At least the British had the balls to say fuck you to these 70k unelected bureaucrats with their collective snouts in the Utopian Trough (and a liveried limousine each for the "very special ones" to make that arduos trip every six months to Strasbourg and back). Read Animal Farm. Look at Brussels. Is that is the Europe you aspire to, Ghorius? Because that is the EU you have right now. And its going to get a whole lot worse...

 

Ghordius's picture

"sound a bit whiney" don't think so       <Ghordius dances a victory gig>

can we now stop with all the rubbish that has been said in the BreXit campaign? starting with that old and tired "unelected bureaucrats..."

the Europe I aspire to is a collaborative one. how we reach that is not that important to me. I care for the goals, not the tools

I care for how it works, and how it works out

Kina's picture

More importantly.... unaccountable unelected bureaucrats.

 

This why they began to think they were kings and overstepped the mark ..nothing corrupts like unaccountabliliy, except absolute power.

giovanni_f's picture

while most of your comments are worse than trash this one single time I don't have to ask my secretary to downvote you. The English are the masters of strategic destruction and by any measure the most evil nation EVER, followed closely by the US, France, Spain. Just look at all those artificial borders on this planet intentionally drawn by the Brits with the sole aim to create as many casualties as possible and wars for centuries as in Pakistan, Kurdistan, Syria, e.g. No country in the EU pushed more for the expansion to the east so as to include any Tom, Dick and Harry country only to leave shortly thereafter. 

The Brits rose to power, enjoyed their privilege for some 400 centuries and will sink back to irrelevance, forever royally screwed.

jeff montanye's picture

but he makes a good point.  israel is the problem in so many ways.  it's just not the only problem.

the real importance of brexit in my opinion is not really britain, as they have the pound.

it's the next country to exit, as that will deeply involve that bridge far too far, the euro.  in ponzi schemes it really helps to ask for your money back early, rather than later.

for an absolutely top notch (as always) analysis of this, see john hussman:

http://www.hussmanfunds.com/wmc/wmc160627.htm

Déjà view's picture

Boris...about...

Current Account to GDP in the United Kingdom averaged -0.93 percent from 1948 until 2015, reaching an all time high of 2.60 percent in 1950 and a record low of -5.20 percent in 2015. Current Account to GDP in the United Kingdom is reported by the UK Office for National Statistcs.

That is with OIL in equation these past 40 years

London RE just gave a big discount to holders of foreign currency i.e. London flat prices are going much higher

Will you return N. Ireland to Irish

Regarding taxes duties, what will change, Parliment has ALWAYS set rates and duties

Will you pay dues to EU as Switzerland and Norway

Will you meet EU regulations for English products exported to EU whiich comprise 53% total UK exports

What will change concerning border controls...UK has ALWAYS controlled its borders

Will you take up trade talks with colonies Iraq/Afghanistan where you spend more p.a. than EU

Will you start a new GANG, there are 4 major worldwide trade blocks or will you fight them alone with a stiff upper lip

That is enough for now will leave it at that should keep you extremely busy

Tell me about SIRENS you hear and upon opening Kippered Snacks many SLEEP WALKERS found it to be a Can Of Worms

 

Btw...BORIS ARE YOU STILL A U.S. CITIZEN OR ARE YOU STILL FIGHTING IRS CONCERNING YOUR 'EXIT TAX' WHICH IS REQUIRED FOR ALL WHO RENOUNCE. YOU THOUGHT ONLY EU HAS RED TAPE...

Will you treat Putin in same manner as Net & Yahoo and change policy towards Russia...as far as I am concerned you can be Gary Busey's STUNT MAN! You could begin with that CHANGE...

 

EddieLomax's picture

"Will you return northern Ireland to the Irish", no, we are a democracy, the people of northern Ireland are not a commodity to be traded by others.

That's the problem with all this simplistic analysis of sovereignty, Northern Ireland is not going anywhere because there are a large group of people there who do not wish to leave the united kingdom (mostly protestant unionists).  It would be as wrong to force them to join another state as it would be to forceably aquire them off another state.

It is depressing when I see so many simplistic solutions like this, if you truly believe in democracy and liberty then you have to have some actual principles to live by or you are just a fraud.  Ron Paul is an excellent example of a modern politician with actual principles, in British history Enoch Powell or Joseph Chamberlain were also highly principled politicians.  Most today are unprincipled opportunists who go whatever way the political winds blow though, which is why so much of our society is so broken, the foundations of it are built on their short term flawed decisions.

CuttingEdge's picture

+100 on that last line, Eddie.

The line trotted out by the likes of Alastair Campbell is the electorate were way too stupid to make this kind of decision. Suck it up, its that thing you preach you are so good at, but only when it suits you: democracy. Entitled cunts.

ATM's picture

The rest of the world is terrified that the Pound is dropping. Each country has been trying desperately to devaule and beggar it's neighbors.

The Brits just succeeded by throwing off the unelected bullshit that is the EU.

When their employment, safety, and quality of life start moving forward the rest of the world will have to intervene to make an example of them.

 

junction's picture

The nail gun squad does not take holidays, Boris doe not want to die in a plane crash due to bad weather.

Fish Gone Bad's picture

Plane crashes are better in good weather because it is easier to find the bodies.

lakecity55's picture

Ask Ron Brown, Arkancide Victim #763.

BarkingCat's picture

6 months??

Do you actually think that they work on these things for only 6 months??

They invest years into shifting sentiment throughout society and gaining control of educational and media institutions.

 

Max UK's picture

Boris and Gove give not a damn for Britain; they have their own tribal agenda and it would be calamitous if they get hold of the levers of power.

'The way to control the opposition is to lead it.' That was their role. Factions of the tribe have a use for Brexit sentiment. Maybe to exhaust it, maybe to exploit it, but don't expect any trade deals with Russia, reductions in immigration, or any other sensible policy.

CuttingEdge's picture

@knuks "Or have we witnessed something truly momentous?"

Via la fuckin revolution (with a small r cos its British).

How much control the Establishment have over the great unwashed in the UK remains to be seen. If they stitch the public up over this, (which they will try like hell to), it will not escape the attention of Farage etc (i.e the rest of us), and, while they continue treating the electorate like idiots, that MP who was shot will sadly not be the last. Not sure how this will play out, but my kind of popcorn - for example: Imagine the look on that poison dwarfs bitter twisted face north of the border when the EU told her to fuck off. And Corbyn's cabinet dissolving? These are priceless moments to remember.

 

"Many spanners to toss in the works they have..."

Speaking of which: 

  To paraphrase Princess Organa: "The more you tighten your grip, Merkel & Co, the more member states will slip through your fingers."

 

Kitler's picture

The 16 million that wish to remain can go stand in line with the rest of the EU refugees

Once the weather warms up they can swim across the channel

Yes We Can. But Lets Not.'s picture

Perhaps Scotland might have them?

CaptainObvious's picture

Um, you do realize the Scottish are part of the sixteen million who wanted to remain in the EU, yes?  The best thing for the Leavers to do is to pack the whole lot of the Remainiacs up lock, stock, and barrel, and dump them on the Continent for the EU to sort out as refugees.

petar's picture

Not just Sirian, but also English refugees would be on the European borders, hoping for better life!

CuttingEdge's picture

How about a raise for ten?

The entire BBC Propaganda apparatus (basically 95%) relocated to Brussels.

Can I collect now?

elegance's picture

Sorry mate. You are in the minority. BoJo type brexiteers+remain >>>>> Farage style brexiteers. He actually spelled it out for you in that op-ed. 

HowdyDoody's picture

Johnson fully supports TTIP in which an un-elected pro-coporate tribunal can impose unlimited fines against a country if any of its laws are deemed to reduce 'potential future profits' of a corporation. The tribunal decisions cannot be appealed.

Even his hair is trying to escape The Buffoon's hypocrisy.

 

 

 

Kitler's picture

Meet the new boss  Same as the old boss  Now let's firmly press each others second knuckle and keep it our little secret

http://cdn.images.express.co.uk/img/dynamic/78/590x/Boris-Johnson-David-...

UselessEater's picture

The previous G20 sub group B20 focused on freedom of labour movement around the world.... a Brexit is irrelevant.

lakecity55's picture

You need The Don, Nigel, and Vlad in charge at the same time to liquidate these onerous "trade treaties."

Then you need a Celestial of the same type in Asia to scuttle the anti-Asian part. It's aimed at fucking over China, and I sure don't want 1 billion ChiComs mad at me.

lakecity55's picture

Was the Camel Toe also Orange?

Enquiring minds want to know.

knukles's picture

mvsjcl, that's actually brilliant, it is!

Not as laws enacted by a court of law, as courts do not establish laws ....
but laws as established in the court of a royal palace.... by decree of the unelected paramours of Mammon

 

mvsjcl's picture

That's right. Courts may rule on the legality of laws, or their interpretation, but they don't enact laws.. Much of what he's quoted to have said doesn't pass the smell test. I smell the scent of a globalist.

Ghordius's picture

I smell bullshit, period. "globalist" is perhaps the wrong label for Boris Johnson

he is a globalization proponent, in my book. the Champion of London, the Metropolis of the World, open to all business and all people... that have the dough

the difference? little things, at times. imagine an immigration sector in Heathrow

the signs "here, EU Cititzens" and "here, foreigners" exchanged with

"here, VIP investors in the UK over one miillion", "here, investors in the UK less then one million", "here UK and Commonwealth citizens" and "here, Others"

nope, I am not joking too much about it. Boris hated the sight of a Chinese Billionair having to go through that second line, and said that often

Paul Kersey's picture

I worry the the EU is the Hotel California:

"You can check-out any time you like,
But you can never leave! "

Ghordius's picture

the Hotel EU has a manager that was hired by the members of the club that is asking the British Leaver member when he is going to leave, and please settle all things and accounts asap

I hope you see the difference. It's a British Question, when the UK is going to leave the club. A British National Question. It always was, btw

garypaul's picture

My weekend was lousy, I got a SEXIT

Paul John Smith's picture

(nothing ever changes)

(brexit will likely die on the rocky shoals bureaucratic BS)

thinkmoretalkless's picture

I think we are beyond defeatism now.

Kitler's picture

Someone buy this man a comb