Brexit Party Surge: Tories Tumble To 5th Place In European Parliament Polls

Authored by Mike Shedlock via MishTalk,

The European Parliament polls rate to be a disaster for the Tories. But Labour is not the beneficiary.

Tory Blues

The Opinium Poll has the Tories in 4th place.

Haunting Words

Deal With the Devil

The Guardian Live forum has this interesting comment by Nigel Farage when asked if he would make a deal with Labour.

"If we could save £39bn, come out of the customs union, come out of the single market, come out of the jurisdiction of the European court of justice and be a genuinely independent, self-governing democracy that could choose its own future, I’d do a deal with the devil to get that."

Farage Denies Border Delays

I spoke to the head of the pharmaceutical industry, the head of their lobbyists, and said: “What about all these scare stories about drugs?” He said: “Absolute, total nonsense. Everybody is prepared.”

And the president of the port of Calais has said there will be no increased transport times as a result of a WTO Brexit. All of this is doable. You know, business finds a way through every different situation. And, frankly, if you look at trade around the world now, where tariffs are due, this is all logged online, very often done by people on their mobile phones. The idea that somehow we are going to be cut off is utter nonsense.

UK Worse Off Under a Customs Union

The National Institute of Economic and Social Research (NIESR) found that Jeremy Corbyn's Proposal Would Hit Britain’s National Income by £80bn a Year.

The analysis found that the UK economy would shrink by 3.1%, with an exit from the EU single market presenting higher barriers to trade in services and on the assumption that net inward migration would go down.

Garry Young, the director of macromodelling and forecasting for the NIESR, said: “Leaving the EU for a customs union will make it more costly for the UK to trade with a large market on our doorstep, particularly in services which make up 80 per cent of our economy.

Big Beneficiary

Labour was supposed to be the big beneficiary of the Brexit mess.

It wasn't. The newly formed Brexit Party was.

Toss party alliances out the window.