Macron looking even more a certainty to win re-election next month – politicalbetting.com
in one sense the Ukraine crisis could not have come at a better time for the President of France, Emmanuel Macron, who is seeking to secure a second term in the French Presidential elections next month.
I agree with Leon. The German re-armament program represents a more significant challenge to the French world view than it does the British. To the French, a sense of equals is required, whereas the British merely want to prevent hegemony on the European continent, and we are a long way from that. You can call that simplistic, but sometimes, things are simple.
I think absolute poverty might overtake relative (or 'normal') poverty in the next couple of years.
As an energetic participant in the "models are good, data is rubbish" debate at Christmas, I concede that the way we calculate poverty might be deeply flawed...
Extra points to anyone who can explain why.
Relative poverty is beloved by some because no matter how wealthy everyone becomes, as long as there is inequality, you can still have some in 'poverty'. Imagine giving everyone in the country 100,000 pounds. There would still be people below the relative poverty line, assuming current distributions of wealth. That no-one would be without food, heat and a decent TV wouldn't matter.
Relative poverty isn't really about poverty at all - its about inequality.
Quite.
The absolute poverty line is increasing quickly as a result of the high rate of inflation.
If inflation is higher than the income growth of people in lower income deciles (likely, as benefits are uprated on the prior year's inflation rate) , absolute poverty will soar, with no similar impact on relative poverty if median incomes continue to move in line with lower incomes.
This is when the obsession with relative poverty comes back to bite. The Tories will point at it now and claim all is good, while people are genuinely suffering.
Macron really does now bestride the French political system like an unassailable colossus. Hard to see how any of the Putin-adjacent ideologues on the French right or far left can challenge long term now. The danger in his second term I think will be arrogance and hubris.
Macron really does now bestride the French political system like an unassailable colossus. Hard to see how any of the Putin-adjacent ideologues on the French right or far left can challenge long term now. The danger in his second term I think will be arrogance and hubris.
On the arrogance and hubris front, just imagine if Trump had won a second term....(actually don't).
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
...Increased paperwork and distribution cost and complexity driven by Brexit were a factor in its decision, they added, as was TMS's need to consolidate in Europe as it moves from supplying diesel and petrol cars to hybrid and electric vehicles...
New ventures which need scale (see also eg Tesla) seem to have put the UK lower down the list since Brexit.
But that's a given. How can we change that without rejoining the EU - which isn't going to happen in any kind of useful timeframe ?
Macron really does now bestride the French political system like an unassailable colossus. Hard to see how any of the Putin-adjacent ideologues on the French right or far left can challenge long term now. The danger in his second term I think will be arrogance and hubris.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche.
As OGH states following a constitutional amendment in 2000 French like US Presidents have a 2 term limit.
So 2027 could be wide open at least even if Macron as looks likely wins again this year
Le Pen is unlikely to get more than 18% in the first round which is also what she got in 2012 .
In a Macron-Le Pen runoff I think a lot of voters would stay at home again which is why I can see 60-40 quite easily. If Macron gets as much as 30% in the first round, it would still be quite strange for him to be run as close as 55-45 in the runoff.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
Macron really does now bestride the French political system like an unassailable colossus. Hard to see how any of the Putin-adjacent ideologues on the French right or far left can challenge long term now. The danger in his second term I think will be arrogance and hubris.
On the arrogance and hubris front, just imagine if Trump had won a second term....(actually don't).
This month has made me rethink my usual irritation at the over-focus on US politics by UK media. I now realise how important it is.
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
Starts: "Some ideas on the state of the war in Ukraine two weeks in, where it might be headed, and why it remains an unwinnable war for Russia which the Russians would be best to end soon or they face an extraordinarily bleak future. And why this is a lesson on the stupidity of war. The first thing to see is that for almost a week now, the Russian Army has been almost entirely inert. See the UK MODs maps yesterday and March 2. This is a sign of total strategic failure.""
Ends: "So time is actually on Ukraine's side, not Russia's. If the Russian army cannot be reorganized, resupplied and start moving very soon, its more likely it will not be able to get out of eastern Ukraine, leaving Russia fighting a long-term war it cant win. We should know very soon."
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche.
As OGH states following a constitutional amendment in 2000 French like US Presidents have a 2 term limit.
So 2027 could be wide open at least even if Macron as looks likely wins again this year
Le Pen is unlikely to get more than 18% in the first round which is also what she got in 2012 .
In a Macron-Le Pen runoff I think a lot of voters would stay at home again which is why I can see 60-40 quite easily. If Macron gets as much as 30% in the first round, it would still be quite strange for him to be run as close as 55-45 in the runoff.
The Ifop poll from 1st to 4th March has Le Pen getting 93% of Zemmour voters in the runoff, 46% of Pecresse voters (by contrast only 20% of Fillon voters voted for Le Pen in 2017) and 36% of Melenchon voters (only 7% of Melenchon voters voted for Le Pen in 2017).
That is why it would be closer in the runoff even if her first round score is slightly lower than 2017 giving her 43.5% overall
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
Chechnya is his plan - the rebuilding will take care of itself, eventually.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I don't think large multinationals "write off" things like capital controls in South Africa: it's a massive issue that dramatically reduces the attractiveness of the country for inward investment.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I agree - and I don't think that sensible trade-focused debate can happen as the political well has been poisoned.
If we looked at this afresh now with zero baggage we would see a simple problem with a simple solution: The UK and EU are almost entirely aligned on almost everything to do with trade and likely to continue to be for the foreseeable. So the obvious thing to do would be to remove the barriers making trade across these aligned markets easy and cheap.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
...Increased paperwork and distribution cost and complexity driven by Brexit were a factor in its decision, they added, as was TMS's need to consolidate in Europe as it moves from supplying diesel and petrol cars to hybrid and electric vehicles...
New ventures which need scale (see also eg Tesla) seem to have put the UK lower down the list since Brexit.
But that's a given. How can we change that without rejoining the EU - which isn't going to happen in any kind of useful timeframe ?
You can't, in a climate where people seriously consider bringing back ells and perches and gills. Might as well go back to ploughing with wooden ards and ox-teams.
Starts: "Some ideas on the state of the war in Ukraine two weeks in, where it might be headed, and why it remains an unwinnable war for Russia which the Russians would be best to end soon or they face an extraordinarily bleak future. And why this is a lesson on the stupidity of war. The first thing to see is that for almost a week now, the Russian Army has been almost entirely inert. See the UK MODs maps yesterday and March 2. This is a sign of total strategic failure.""
Ends: "So time is actually on Ukraine's side, not Russia's. If the Russian army cannot be reorganized, resupplied and start moving very soon, its more likely it will not be able to get out of eastern Ukraine, leaving Russia fighting a long-term war it cant win. We should know very soon."
For balance, this is a more depressing thread about the war in the south, where the Russians do seem to be making real progress (tho the expected assault on Odessa is taking its time)
"Eleven days since the Russian invasion of Ukraine began. In the past 24 hours, we have seen limited Russian progress in the north and east, and another broken Russian ‘ceasefire’. Today - the war in the south, and why it matters. 1/25"
Starts: "Some ideas on the state of the war in Ukraine two weeks in, where it might be headed, and why it remains an unwinnable war for Russia which the Russians would be best to end soon or they face an extraordinarily bleak future. And why this is a lesson on the stupidity of war. The first thing to see is that for almost a week now, the Russian Army has been almost entirely inert. See the UK MODs maps yesterday and March 2. This is a sign of total strategic failure.""
Ends: "So time is actually on Ukraine's side, not Russia's. If the Russian army cannot be reorganized, resupplied and start moving very soon, its more likely it will not be able to get out of eastern Ukraine, leaving Russia fighting a long-term war it cant win. We should know very soon."
I said this last week, that the idea Russia has weeks and months to complete the invasion is fanciful, probably more like a week or so (I did say in the original comment up to the end of art weekend…). It’s economy is under immense strain and, if the noises about their losses are correct; they don’t have much left
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I don't think large multinationals "write off" things like capital controls in South Africa: it's a massive issue that dramatically reduces the attractiveness of the country for inward investment.
So long as SA is an important market (or producer), they continue to trade and operate there but factor it into the overall cost of doing business. But I agree where it's more marginal, or the group is smaller, it (like similar issues in a number of Latam and African countries) can tip the balance.
We don't have anything as damaging as SARB requirements in the UK at the moment but we do have smaller frictions and in some marginal cases those have tipped the balance on investment and location decisions. The fact the UK CT rate is heading to 25% next year and will be on a level with most other OECD countries doesn't help either.
Scoop: European Union leaders may authorize the deepest ever overhaul of the continent’s energy security strategy by pledging to phase out Russian gas, oil and coal imports, according to a draft statement seen by Bloomberg News, @E_Krukowska reports. https://twitter.com/JenniferJJacobs/status/1500836785731121154
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
"The plane of Viktor Yanukovych a few hours before start of third round of negotiations flew from Moscow to Minsk, writes Ukrayinska Pravda citing an informed source in aviation sphere.
Ukrainian intelligence believes that the Kremlin wants to make him "president of Ukraine.""
If the leaked FSB rant is true, then he's just about the only pro-Russiann Ukrainian politician still on Russia's side. While I'm not an international man of mystery, even I can see what a bad idea this is for the Russians.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
Chechnya is his plan - the rebuilding will take care of itself, eventually.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
Though even if she did no better with Pecresse voters than Fillon's, she would still do better than in 2017 overall as she is getting more Melenchon voters to vote for her and almost all Zemmour voters would vote for her too.
Even if Pecresse voters who voted for Macron in the 2017 runoff stay home this time that also is a net gain for Le Pen
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
If the poles look good for Macron in the second round as seems very likely, then there may be a lot of people who will vote for whom ever is the alternative, partly out of spite, but partly so he cant say he won overwhelmingly, no going to be any where near enough to make a defences to the outcome IMO but enough to stop it being a landslide I suspect.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I don't think large multinationals "write off" things like capital controls in South Africa: it's a massive issue that dramatically reduces the attractiveness of the country for inward investment.
So long as SA is an important market (or producer), they continue to trade and operate there but factor it into the overall cost of doing business. But I agree where it's more marginal, or the group is smaller, it (like similar issues in a number of Latam and African countries) can tip the balance.
We don't have anything as damaging as SARB requirements in the UK at the moment but we do have smaller frictions and in some marginal cases those have tipped the balance on investment and location decisions. The fact the UK CT rate is heading to 25% next year and will be on a level with most other OECD countries doesn't help either.
Sure - they operate there, selling stuff. But outside of resource extraction, multinationals have largely abandoned South Africa.
I've got Macron on ~ 0 with all my profit (£725 or so) on Le Pen. He's rightly a heavy favourite but I can't see any value in his odds at the moment.
No: 90+% isn't particularly attractive.
That said, just as Covid did Trump in, I think Ukraine dispatches Le Pen's hopes. A lot of her second round votes - particularly from Pecresse supporters - were simply because she wasn't Macron. And while I don't think those voters will troop our and vote Emmanuel, I think they are increasingly likely to stay home and sit on their hands.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
If Le Pen got 43.5% in the runoff as latest polls suggest that matches what Boris got in 2019 and is only about 3% below what Trump got in 2016 and 2020
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
Chechnya is his plan - the rebuilding will take care of itself, eventually.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
If Le Pen got 43.5% in the runoff as latest polls suggest that matches what Boris got in 2019 and is only about 3% below what Trump got in 2016 and 2020
So which of those three is the fascist, cause I really can´t tell
The 100-billion-euro package for the Bundeswehr is intended to make the German armed forces the most powerful in Europe, says Minister Christian Lindner
It's not enough for that, even if they sort out their bureaucrats.
It is about 2.5% of GDP, which covers approx 4-5 years of shortfall - whilst the shortfall has been happening since the millenium at least.
All it will cover is pothole filling and sticky plasters, plus a little more. The big stuff will come from the 2% commitment, which is about an extra 40% on the previous Defence Budget,
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
If Le Pen got 43.5% in the runoff as latest polls suggest that matches what Boris got in 2019 and is only about 3% below what Trump got in 2016 and 2020
That's not like-for-like.
In the second round in France, there will literally only be two candidates to vote for. Macron + ANOther will add up to 100%. That's not true in the US.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
If the poles look good for Macron in the second round as seems very likely, then there may be a lot of people who will vote for whom ever is the alternative, partly out of spite, but partly so he cant say he won overwhelmingly, no going to be any where near enough to make a defences to the outcome IMO but enough to stop it being a landslide I suspect.
The Poles? I think you need to Czech your spelling.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
It isn't if. Its a fact. We are not letting refugees in without an approved visa which they have to complete somewhere else. This is a unique way to handle refugees where HM Border Force turn away people fleeing the war and stop them coming to stay with friends / relatives.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
Though even if she did no better with Pecresse voters than Fillon's, she would still do better than in 2017 overall as she is getting more Melenchon voters to vote for her and almost all Zemmour voters would vote for her too.
Even if Pecresse voters who voted for Macron in the 2017 runoff stay home this time that also is a net gain for Le Pen
Yes, I think she will do better than in 2017. I think she goes from 34% to 40%. But I don't think she gets to 44% this time around. Without the Ukraine invasion, then she might even have won... but Macron has had a good crisis, and she's been too close to Putin historically.
I think absolute poverty might overtake relative (or 'normal') poverty in the next couple of years.
As an energetic participant in the "models are good, data is rubbish" debate at Christmas, I concede that the way we calculate poverty might be deeply flawed...
Extra points to anyone who can explain why.
Relative poverty is beloved by some because no matter how wealthy everyone becomes, as long as there is inequality, you can still have some in 'poverty'. Imagine giving everyone in the country 100,000 pounds. There would still be people below the relative poverty line, assuming current distributions of wealth. That no-one would be without food, heat and a decent TV wouldn't matter.
Relative poverty isn't really about poverty at all - its about inequality.
Poverty has an absolute and relative aspect and both are meaningful. If it were only an absolute concept there'd be no argument to (eg) link the pension to average earnings. Just to inflation would do the trick. But go back and do that calc over say 75 years and see how it looks. It illustrates the point about relative poverty quite well.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
If the poles look good for Macron in the second round as seems very likely, then there may be a lot of people who will vote for whom ever is the alternative, partly out of spite, but partly so he cant say he won overwhelmingly, no going to be any where near enough to make a defences to the outcome IMO but enough to stop it being a landslide I suspect.
The Poles? I think you need to Czech your spelling.
LOL, sorry, dyslexia is a bertch! and sometimes funny!
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
I think you might underestimate truly how many people despise Macron. Pure anecdotally of course but many of our French friends think Macron is a c*nt. Even if they don’t vote for Le Pen (and some will), they won’t vote for Macron, especially if they think he will win.
I agree with Leon. The German re-armament program represents a more significant challenge to the French world view than it does the British. To the French, a sense of equals is required, whereas the British merely want to prevent hegemony on the European continent, and we are a long way from that. You can call that simplistic, but sometimes, things are simple.
What do you mean with "the British merely want to prevent hegemony on the European continent"?
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..” @charlesaje incredible reporting from #kharkiv"
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
A war waged in part on a crusade for 'neutrality' for Ukraine - madness.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
If Le Pen got 43.5% in the runoff as latest polls suggest that matches what Boris got in 2019 and is only about 3% below what Trump got in 2016 and 2020
That's not like-for-like.
In the second round in France, there will literally only be two candidates to vote for. Macron + ANOther will add up to 100%. That's not true in the US.
It effectively is in the US, 98.2% of US voters voted for Biden or Trump in 2020
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
I think you might underestimate truly how many people despise Macron. Pure anecdotally of course but many of our French friends think Macron is a c*nt. Even if they don’t vote for Le Pen (and some will), they won’t vote for Macron, especially if they think he will win.
My gut - and it's only a gut, I have no special insight - is that the Ukraine war will probably result in a few people sitting out the second round, who might otherwise have voted Le Pen.
Not a massive number, but it Macron's had a good war, and Le Pen has been friendly with Putin.
The 100-billion-euro package for the Bundeswehr is intended to make the German armed forces the most powerful in Europe, says Minister Christian Lindner
It's not enough for that, even if they sort out their bureaucrats.
It is about 2.5% of GDP, which covers approx 4-5 years of shortfall - whilst the shortfall has been happening since the millenium at least.
All it will cover is pothole filling and sticky plasters, plus a little more. The big stuff will come from the 2% commitment, which is about an extra 40% on the previous Defence Budget,
It’s terrible to reduce what they’re doing and the horrible reason why they’re doing it to admiring their hotness. But, y’know, phwoarrrr. I’m pretty liberal and, though I dislike the term, Woke, I guess. But my word they’re attractive young women.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
Not as many as when the line was used with her dad. Getting 40 or thereabouts would be progress, but clear the Le Pens have gone as far as they can.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
It isn't if. Its a fact. We are not letting refugees in without an approved visa which they have to complete somewhere else. This is a unique way to handle refugees where HM Border Force turn away people fleeing the war and stop them coming to stay with friends / relatives.
The issue we have with most immigrants is that they intentionally destroy any paperwork they have.
Here it should be incredibly simple, show a Ukrainian Passport and all the confirmation needed is contained within it.
Patel and others really are showing exactly what they are made of - racist, xenophobic idiots...
I agree with Leon. The German re-armament program represents a more significant challenge to the French world view than it does the British. To the French, a sense of equals is required, whereas the British merely want to prevent hegemony on the European continent, and we are a long way from that. You can call that simplistic, but sometimes, things are simple.
What do you mean with "the British merely want to prevent hegemony on the European continent"?
I'm British so I'm keen to see if I relate to it.
I don't think individual Britons really have this as an intended outcome. It's too abstract. But British foreign policy going back at least to Napoleon has been to try to prevent any one continental power in Europe becoming too powerful - typically by alliances with or support for the continent's second most powerful power. In the early twentieth century the entente cordiale was arguably more driven by the fact that Britain and France represented similar political cultures, in contrast to that of Germany and Austria-Hungary. Though we did end up with Russia on our side too.
I agree with Leon. The German re-armament program represents a more significant challenge to the French world view than it does the British. To the French, a sense of equals is required, whereas the British merely want to prevent hegemony on the European continent, and we are a long way from that. You can call that simplistic, but sometimes, things are simple.
What do you mean with "the British merely want to prevent hegemony on the European continent"?
I'm British so I'm keen to see if I relate to it.
I don't think individual Britons really have this as an intended outcome. It's too abstract. But British foreign policy going back at least to Napoleon has been to try to prevent any one continental power in Europe becoming too powerful - typically by alliances with or support for the continent's second most powerful power. In the early twentieth century the entente cordiale was arguably more driven by the fact that Britain and France represented similar political cultures, in contrast to that of Germany and Austria-Hungary. Though we did end up with Russia on our side too.
"try to prevent any one continental power in Europe becoming too powerful " - Since before the War of the Spanish Succession, at least.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I agree - and I don't think that sensible trade-focused debate can happen as the political well has been poisoned.
If we looked at this afresh now with zero baggage we would see a simple problem with a simple solution: The UK and EU are almost entirely aligned on almost everything to do with trade and likely to continue to be for the foreseeable. So the obvious thing to do would be to remove the barriers making trade across these aligned markets easy and cheap.
Was that not always the case though. The sticking point was and remains 'free movement'. Compromise should and could have been reached and the referendum would have been won for Remain. I'm not sure that issue has changed.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
Not as many as when the line was used with her dad. Getting 40 or thereabouts would be progress, but clear the Le Pens have gone as far as they can.
I think you - like most people - miss just how far Le Pen has moved the FN towards the centre. It's no coincidence that Zemmour and Dupont-Aignan started hoovering up votes - it's because of how far the FN has tacked.
Ms Le Pen threw her own father out the party. She started a (pretty successful) campaign to get a more diverse set of candidates from multi-ethnic backgrounds. She abandoned her support for a Euro-referendum, and now says France's membership of the EU and the Euro is "settled". She even took a trip to Davos.
Today, what distinguishes her most from Macron or Pecresse is simply that she wants the French government to go around subsidising inefficient French heavy industry. A policy which - sadly - misdiagnoses what is wrong with the French economy.
Regarding peacekeeping in Ukraine Macron has achieved nothing so far. The rising commodities prices hitting French consumers will take its tall on his re-election odds
What peace is there to keep in Ukraine, exactly?
Preventing war was a lost cause, but going to Moscow to have a go at that was a sensible thing to try.
Regarding peacekeeping in Ukraine Macron has achieved nothing so far. The rising commodities prices hitting French consumers will take its tall on his re-election odds
Although France is insulated against rising electricity prices in a way no other European country is,
Compared to the UK, French consumers are going to be hit much less hard.
And this is the real challenge for Russia. Can they garrison the cities of the East and still sufficient troops to advance towards Lviv. I'm sceptical.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
It isn't if. Its a fact. We are not letting refugees in without an approved visa which they have to complete somewhere else. This is a unique way to handle refugees where HM Border Force turn away people fleeing the war and stop them coming to stay with friends / relatives.
Ah, there you go again, pretending that the situation of people in Ukraine trying to get into Poland is identical to people in France trying to get into the UK.
Boris signalling a review of UK energy supply and in particular the granting of licences for UK own oil and gas development
Cambo ?
Do we have any current fields that are not producing?
A good help for the economy in 2023/4, perhaps?
Well, there are lots of non-producing fields - but getting them producing again is a far from simple task, especially for off-shore, and especially given that the world has moved away from fixed drilling platforms.
I, like many others, have been dismayed at some of the reports about how the UK is managing Ukrainian refugees. If Priti Patel really has screwed this up in the way it has been reported then she needs to be removed ASAP. Emergencies like this soon sort the wheat from the chaff.
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
It isn't if. Its a fact. We are not letting refugees in without an approved visa which they have to complete somewhere else. This is a unique way to handle refugees where HM Border Force turn away people fleeing the war and stop them coming to stay with friends / relatives.
The issue we have with most immigrants is that they intentionally destroy any paperwork they have.
Here it should be incredibly simple, show a Ukrainian Passport and all the confirmation needed is contained within it.
Patel and others really are showing exactly what they are made of - racist, xenophobic idiots...
The Home Office is stuck in a mould where lots of people want to cheat to get into the UK. They don't have the intellectual flexibility to change to a different mode of thinking. It's not exactly xenophobic and definitely not racist.
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche
Agreed re legislative elections. But not convinced Le Pen will do quite that well in the run off: I suspect 40% may be her limit this time around.
She is on 43.5% in the latest poll for the runoff but we will see
I suspect that her friendship with Putin is not going to help her in the second round: my gut is that lots of her more marginal supporters stay at home.
The poll was taken after Putin's invasion of Ukraine, Le Pen has also sensibly condemned the invasion
The war becomes less popular in the West with every image sent back from the Ukraine. And - like it or not - Le Pen's friendship with Putin is going to be ruthlessly publicised over the course of the campaign.
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
It’s fair to say that a large degree of French voters truly hate Macron. That may be a stronger factor.
The strongest factor in Macron-vs-Le Pen will be "vote for anyone but the fascist"
It doesn't matter what she does, for a solid majority of French people, that's what she is.
Not as many as when the line was used with her dad. Getting 40 or thereabouts would be progress, but clear the Le Pens have gone as far as they can.
I think you - like most people - miss just how far Le Pen has moved the FN towards the centre. It's no coincidence that Zemmour and Dupont-Aignan started hoovering up votes - it's because of how far the FN has tacked.
Ms Le Pen threw her own father out the party. She started a (pretty successful) campaign to get a more diverse set of candidates from multi-ethnic backgrounds. She abandoned her support for a Euro-referendum, and now says France's membership of the EU and the Euro is "settled". She even took a trip to Davos.
Today, what distinguishes her most from Macron or Pecresse is simply that she wants the French government to go around subsidising inefficient French heavy industry. A policy which - sadly - misdiagnoses what is wrong with the French economy.
To my French friends, a Le Pen is a Le Pen. They will put clothes pegs on their noses and vote against her, no matter who for, in the last round.
I agree with Leon. The German re-armament program represents a more significant challenge to the French world view than it does the British. To the French, a sense of equals is required, whereas the British merely want to prevent hegemony on the European continent, and we are a long way from that. You can call that simplistic, but sometimes, things are simple.
What do you mean with "the British merely want to prevent hegemony on the European continent"?
I'm British so I'm keen to see if I relate to it.
I don't think individual Britons really have this as an intended outcome. It's too abstract. But British foreign policy going back at least to Napoleon has been to try to prevent any one continental power in Europe becoming too powerful - typically by alliances with or support for the continent's second most powerful power. In the early twentieth century the entente cordiale was arguably more driven by the fact that Britain and France represented similar political cultures, in contrast to that of Germany and Austria-Hungary. Though we did end up with Russia on our side too.
It's quite startling that @kinabalu is apparently unaware of this extremely well-known history
As I've said before, he's a bright guy with a notably narrow mind, settled contentedly in his views
One of the key historical photos of this war will be the small farmers dragged away bits of RU military hardware using tractors. There must be dozens of vids of this happening now.
The trouble with the current version of Brexit is that the losses - chronic ones generally, like this and a thousand other petty annoyances in international supply chains - are not catastrophic enough to force a change of direction, but nor are the positives or opportunities significant enough to justify the slow motion pain.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
I agree - and I don't think that sensible trade-focused debate can happen as the political well has been poisoned.
If we looked at this afresh now with zero baggage we would see a simple problem with a simple solution: The UK and EU are almost entirely aligned on almost everything to do with trade and likely to continue to be for the foreseeable. So the obvious thing to do would be to remove the barriers making trade across these aligned markets easy and cheap.
Was that not always the case though. The sticking point was and remains 'free movement'. Compromise should and could have been reached and the referendum would have been won for Remain. I'm not sure that issue has changed.
Things have moved on. We have Stopped free movement (including our willingness to take Ukrainians fleeing death) and yet the sunlit uplands promised get further and further away.
We are capable now of agreeing alignment of terms with the EU as a non-member associate without having the door wide open to anyone. Besides which we aren't the most attractive country for the Schrodinger's forrin to come and take both our jobs and our benefits. They're really not welcome, so I doubt there would be a mad influx.
Patel tells the HOC the figures in the media for visas are absolutely inaccurate and the official figures will be released this evening
I will be delighted to hear the official number of people we are forcing to stay away from the UK whilst uniquely in Europe we force them to fill in forms and await bureaucracy to do its thing.
Why can't we just let them in like civilised countries are doing?
Comments
Mariupol humanitarian exit route mined
The absolute poverty line is increasing quickly as a result of the high rate of inflation.
If inflation is higher than the income growth of people in lower income deciles (likely, as benefits are uprated on the prior year's inflation rate) , absolute poverty will soar, with no similar impact on relative poverty if median incomes continue to move in line with lower incomes.
This is when the obsession with relative poverty comes back to bite. The Tories will point at it now and claim all is good, while people are genuinely suffering.
It is that the component that led to the original rejection was changed/altered/withdrawn
This, sources say, happened after the PM made it known in No10 that he would not drop the matter https://twitter.com/dansabbagh/status/1500820906851119106
However in a runoff against Le Pen, who is now second in most polls, it will be closer to 55% 45% than the 66% to 34% he beat her by in 2017.
There may be more likelihood of change in the legislative elections in June where Les Republicains have a chance of taking control from En Marche.
As OGH states following a constitutional amendment in 2000 French like US Presidents have a 2 term limit.
So 2027 could be wide open at least even if Macron as looks likely wins again this year
“People you speak to cannot in any way comprehend how the leader of a civilised country like Russia, like Vladimir Putin..could have done this to Kharkiv..”
@charlesaje
incredible reporting from #kharkiv"
https://twitter.com/StefanieDekker/status/1500832364284493827?s=20&t=RDneajXzNWbYOGm8b7plqQ
Look at the devastation. Horrific. The centre of the second biggest city in Ukraine is a wasteland of ruins. This raises a pretty important point, even if Russia *wins*, where on earth will they find the money to rebuild half a country? How will they make it habitable again? Who will live there?
Everything about this war is incomprehensibly dumb, in a Satanic way
New ventures which need scale (see also eg Tesla) seem to have put the UK lower down the list since Brexit.
But that's a given.
How can we change that without rejoining the EU - which isn't going to happen in any kind of useful timeframe ?
For Russian soldiers. One way.
In a Macron-Le Pen runoff I think a lot of voters would stay at home again which is why I can see 60-40 quite easily. If Macron gets as much as 30% in the first round, it would still be quite strange for him to be run as close as 55-45 in the runoff.
In most cases Brexit has just added a couple of line items to the cost basis of moving goods and services across borders, or triggered the need for a duplicate function on the continent. Large multinationals just write this off as a cost of business in the same way excessive labour force regulation in some European countries, capital controls in countries like South Africa, or withholding taxes out of places like Brazil are written off. A few smaller traders are squeezed out of the market but their voices are quiet.
In related news I had an hour in the diary booked this afternoon for a brainstorming session to try to identify some "Brexit benefits" for us to feed into HMT and DIT but it's been cancelled (or postponed) due to other news being more pressing. The fact we're all scratching our heads to find things beyond hypothetical examples of regulatory divergence that aren't actually happening is evidence of the issue.
This is all compounded by Brexit becoming a taboo topic. The only people vocalising about it are either reciting empty charts about getting Brexit done and returning to imperial weights and measures, or they're FBPEs blaming everything from Putin to climate change on Brexit. There is a vacuum where sensible trade-focused debate should be.
https://twitter.com/EuromaidanPress/status/1500829973942317068
https://twitter.com/PhillipsPOBrien/status/1500740225831735296
Starts: "Some ideas on the state of the war in Ukraine two weeks in, where it might be headed, and why it remains an unwinnable war for Russia which the Russians would be best to end soon or they face an extraordinarily bleak future. And why this is a lesson on the stupidity of war. The first thing to see is that for almost a week now, the Russian Army has been almost entirely inert. See the UK MODs maps yesterday and March 2. This is a sign of total strategic failure.""
Ends: "So time is actually on Ukraine's side, not Russia's. If the Russian army cannot be reorganized, resupplied and start moving very soon, its more likely it will not be able to get out of eastern Ukraine, leaving Russia fighting a long-term war it cant win. We should know very soon."
That is why it would be closer in the runoff even if her first round score is slightly lower than 2017 giving her 43.5% overall
https://www.ifop.com/wp-content/uploads/2022/03/ROL22_2022.03.04.pdf
https://en.wikipedia.org/wiki/2017_French_presidential_election
For some reason, thinking of this song - https://www.youtube.com/watch?v=uGTvNKNguWo
If we looked at this afresh now with zero baggage we would see a simple problem with a simple solution: The UK and EU are almost entirely aligned on almost everything to do with trade and likely to continue to be for the foreseeable. So the obvious thing to do would be to remove the barriers making trade across these aligned markets easy and cheap.
"Eleven days since the Russian invasion of Ukraine began. In the past 24 hours, we have seen limited Russian progress in the north and east, and another broken Russian ‘ceasefire’. Today - the war in the south, and why it matters. 1/25"
https://twitter.com/WarintheFuture/status/1500637716601458688?s=20&t=EjrOkXWwMCmmSZNynNeUKg
Incidentally, Odessa looks beautiful. I was meant to be flying there next Sunday.
We don't have anything as damaging as SARB requirements in the UK at the moment but we do have smaller frictions and in some marginal cases those have tipped the balance on investment and location decisions. The fact the UK CT rate is heading to 25% next year and will be on a level with most other OECD countries doesn't help either.
https://twitter.com/JenniferJJacobs/status/1500836785731121154
And that's why I think a lot of the Pecresse supporters stay home rather than vote Le Pen this year.
Of course, I may be wrong. But I suspect that the polls have not yet caught up with reality.
"The plane of Viktor Yanukovych a few hours before start of third round of negotiations flew from Moscow to Minsk, writes Ukrayinska Pravda citing an informed source in aviation sphere.
Ukrainian intelligence believes that the Kremlin wants to make him "president of Ukraine.""
If the leaked FSB rant is true, then he's just about the only pro-Russiann Ukrainian politician still on Russia's side. While I'm not an international man of mystery, even I can see what a bad idea this is for the Russians.
Also Russia are now chucking Russian revolution era armoured trains into the fray: https://twitter.com/JimmySecUK/status/1500847429482172416
Fortunately, it doesn't seem to be affecting the positive way UK is seen in Ukraine itself, where the early efforts to support, supply and train seem to be appreciated. Looks like that investment was well worth it, to say the least.
Former President Poroshenko:
https://twitter.com/TomMcTague/status/1500842741823160327
It doesn't matter what she does, for a solid majority of French people, that's what she is.
Just the sort of shameless flattery to get BJ all excited in his frayed boxers.
Huge pressure on Britain to go harder and faster with sanctions on Russian oligarchs
https://twitter.com/kateferguson4/status/1500850161844731907
Even if Pecresse voters who voted for Macron in the 2017 runoff stay home this time that also is a net gain for Le Pen
That said, just as Covid did Trump in, I think Ukraine dispatches Le Pen's hopes. A lot of her second round votes - particularly from Pecresse supporters - were simply because she wasn't Macron. And while I don't think those voters will troop our and vote Emmanuel, I think they are increasingly likely to stay home and sit on their hands.
It is about 2.5% of GDP, which covers approx 4-5 years of shortfall - whilst the shortfall has been happening since the millenium at least.
All it will cover is pothole filling and sticky plasters, plus a little more. The big stuff will come from the 2% commitment, which is about an extra 40% on the previous Defence Budget,
Here's a piece in Der Spiegel about a memo about what they may want to spend it on that was leaked:
https://www.spiegel.de/international/germany/budgetary-about-face-germany-goes-big-on-defense-spending-a-4c90635e-5de8-4123-b18a-646b0ac13b04
It includes 20bn Euro to make sure they have enough ammunition stocks.
They still have minor problems to deal with such as any item over £25m requiring a Parliamentary vote.
In the second round in France, there will literally only be two candidates to vote for. Macron + ANOther will add up to 100%. That's not true in the US.
https://www.theguardian.com/tv-and-radio/2022/mar/07/zelinskiys-servant-of-the-people-the-tv-show-that-made-ukraines-president
I'm British so I'm keen to see if I relate to it.
Not a massive number, but it Macron's had a good war, and Le Pen has been friendly with Putin.
It’s terrible to reduce what they’re doing and the horrible reason why they’re doing it to admiring their hotness. But, y’know, phwoarrrr. I’m pretty liberal and, though I dislike the term, Woke, I guess. But my word they’re attractive young women.
I’m 44. I should know better.
https://twitter.com/franakviacorka/status/1500535656195543048?s=21
Cambo ?
Here it should be incredibly simple, show a Ukrainian Passport and all the confirmation needed is contained within it.
Patel and others really are showing exactly what they are made of - racist, xenophobic idiots...
https://twitter.com/RALee85/status/1500853580877680645
Kherson protests are getting a bit more aggressive, with some very outnumbered russians: https://twitter.com/RALee85/status/1500855921567748097
In the early twentieth century the entente cordiale was arguably more driven by the fact that Britain and France represented similar political cultures, in contrast to that of Germany and Austria-Hungary. Though we did end up with Russia on our side too.
Ms Le Pen threw her own father out the party. She started a (pretty successful) campaign to get a more diverse set of candidates from multi-ethnic backgrounds. She abandoned her support for a Euro-referendum, and now says France's membership of the EU and the Euro is "settled". She even took a trip to Davos.
Today, what distinguishes her most from Macron or Pecresse is simply that she wants the French government to go around subsidising inefficient French heavy industry. A policy which - sadly - misdiagnoses what is wrong with the French economy.
Preventing war was a lost cause, but going to Moscow to have a go at that was a sensible thing to try.
“Massive mobilisation now in process in Russia”
https://twitter.com/juliaskripkaser/status/1500853549202386945?s=21
Compared to the UK, French consumers are going to be hit much less hard.
A good help for the economy in 2023/4, perhaps?
As I've said before, he's a bright guy with a notably narrow mind, settled contentedly in his views
Fuck you Russia.
We are capable now of agreeing alignment of terms with the EU as a non-member associate without having the door wide open to anyone. Besides which we aren't the most attractive country for the Schrodinger's forrin to come and take both our jobs and our benefits. They're really not welcome, so I doubt there would be a mad influx.
Why can't we just let them in like civilised countries are doing?