The detox project is essential, I don't want it to be undone
Osborne undid it last week. The punishment budget will be used against the Tories for years, especially if there financial fall out from BrExit is relatively mild. It will be a case of at the first sound of gunfire the nature instinct of a Tory Chancellor was to put up taxes on hardworking voters and make deep cuts to the NHS and Schools having promised to ringfence them.
Conservatives who used the phrase "punishment budget" were certainly very unwise. It will be used to describe every Conservative budget between now and 2050 (assuming there are any).
No, the mistake was in even thinking about the idea of such a budget. The chancellor has increased his borrowing by £180bn in the last six years over his original target, the idea that he would choose the hard option this one time when asked to do so is rubbish.
Well, you certainly haven't heard the last of the phrase.
"Tosh McDonald, the president of Aslef, went further by claiming that he now found it difficult to decide who he hated the most out of Margaret Thatcher and the Parliamentary Labour Party."
There you have it. Blairites are viruses and vermin. At least the left are consistently nasty, even to their own.
What's Tosh short for? I haven't heard that nickname in years bar that chap in The Bill.
Miss P., It was quite a common nickname in the Northumberland Fusiliers (later 3rd Battalion RRF) for chaps whose first name was Tony or Anthony. I think a bit like someone whose surname was Miller was almost invariably called Dusty.
As an aside are nicknames used as much as they were? When I was young everyone had a nickname and was seldom referred to as anything else. For example, I served for two years with a bloke known as "Frub", it was only at his leaving do when I was chatting with his wife that I found out his real name was Stephen.
My nickname is Flip/Flippy - everyone who knows me well uses one of them. I didn't notice how odd it sounds until my husband called to me down an aisle in Tescos. Even my mum called me Flippy.
It came from my bigger brothers inability to pronounce my Christian name. I'd a good friend who's nickname was Furry - I've no idea what his real name is. It never occurred to me to ask.
Those I knew professionally found it most amusing when they met my friends. I'd never allowed them to shorten my name, yet here was everyone using a fun one.
The detox project is essential, I don't want it to be undone
Osborne undid it last week. The punishment budget will be used against the Tories for years, especially if there financial fall out from BrExit is relatively mild. It will be a case of at the first sound of gunfire the nature instinct of a Tory Chancellor was to put up taxes on hardworking voters and make deep cuts to the NHS and Schools having promised to ringfence them.
Conservatives who used the phrase "punishment budget" were certainly very unwise. It will be used to describe every Conservative budget between now and 2050 (assuming there are any).
No, the mistake was in even thinking about the idea of such a budget. The chancellor has increased his borrowing by £180bn in the last six years over his original target, the idea that he would choose the hard option this one time when asked to do so is rubbish.
Well quite. Osborne's not done a bad job treading the line between spending cuts and growth levels, but his borrowing targets have all disappointed on the high side. To say that the genuine austerity (actual reductions in spending as opposed to reductions in spending growth) will only start now looks petty and vindictive.
Or maybe Labour could pretend the Corbyn Leadership was like the Doctor Who TV movie ? Spend a few years arguing about Paul McGann's canonicity as a proxy for his awfulness ?
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
@jimwaterson: Roman emperors used to entertain the public with grizzly execution by lions. In 2016 we send Jeremy Corbyn to PMQs with 600 MPs against him.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams? I am glad I never had her defending my human rights, I would have probably ended up in Guantanamo Bay.
@jimwaterson: Roman emperors used to entertain the public with grizzly execution by lions. In 2016 we send Jeremy Corbyn to PMQs with 600 MPs against him.
I don't know about that, the government benches will be crossing their fingers hoping he manages to weather the storm.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
"Tosh McDonald, the president of Aslef, went further by claiming that he now found it difficult to decide who he hated the most out of Margaret Thatcher and the Parliamentary Labour Party."
There you have it. Blairites are viruses and vermin. At least the left are consistently nasty, even to their own.
What's Tosh short for? I haven't heard that nickname in years bar that chap in The Bill.
Miss P., It was quite a common nickname in the Northumberland Fusiliers (later 3rd Battalion RRF) for chaps whose first name was Tony or Anthony. I think a bit like someone whose surname was Miller was almost invariably called Dusty.
As an aside are nicknames used as much as they were? When I was young everyone had a nickname and was seldom referred to as anything else. For example, I served for two years with a bloke known as "Frub", it was only at his leaving do when I was chatting with his wife that I found out his real name was Stephen.
My nickname is Flip/Flippy - everyone who knows me well uses one of them. I didn't notice how odd it sounds until my husband called to me down an aisle in Tescos. Even my mum called me Flippy.
It came from my bigger brothers inability to pronounce my Christian name. I'd a good friend who's nickname was Furry - I've no idea what his real name is. It never occurred to me to ask.
Those I knew professionally found it most amusing when they met my friends. I'd never allowed them to shorten my name, yet here was everyone using a fun one.
Flip/Flippy ? But it preceded you changing from a Blairite to a Cameroon to a Brexiteer......
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams? I am glad I never had her defending my human rights, I would have probably ended up in Guantanamo Bay.
Is she a ' real ' QC or is she using the honourific all MP lawyers get ?
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
LOL: to be fair, I was reading the Bloomberg morning briefing on the way to work this morning, and it said something along the lines of "Futures point to early declines in Sterling, FTSE". And then the market opened a percent higher, and has moved in an upward direction since.
If I were a Labour MP, I'd be doing a hell of a lot of round robin with my colleagues before nominating a candidate - someone willing to be leftish enough but who you could see as PM and with enough support to get on the candidacy. The Eagle bandwagon is not one I would be getting on straight away.
Supporting Iraq, especially from within the Shadow Cabinet, will be a cause of far more difficulty and expect much wailing that 'Blair hid the facts from us' from previous loyalists as those people try to hold their own.
Technically, I agree with the Corbynites that the correct way of doing this was by a leadership election, but politically the shenanigans of the last few days have drawn the stain of disloyalty from anyone wanting to now stand, which I think was exactly the point. Hilary Benn effectively has taken the role of the Bounty Kitchen Roll in this coup.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
LOL: to be fair, I was reading the Bloomberg morning briefing on the way to work this morning, and it said something along the lines of "Futures point to early declines in Sterling, FTSE". And then the market opened a percent higher, and has moved in an upward direction since.
The Times expected yesterday's rally to be a dead cat bounce.
The Corbyn cult is quite interesting. I can't help but think that for years this man has been ignored, an old school firebrand, isolated, making his own meetings with his comradely chums equally despised, laughed and sneered at by his Parliamentary colleagues, voted Parliamentary beard of the year as a piss take. Drip, drip, drip. It just accumulates, and the hatred builds up. He is the Thomas Hamilton equivalent. Last year the membership bought him an AK47 through the vote, this year he has trained how to use it and bought a shed load of ammo, and in the next weeks he is going to go out and slaughter his loathed Parliamentary colleagues.
I do honestly think that Corbyn has some kind of mental health condition. He is a sociopath who believes his own righteousness, and is surrounded by an inner clique that feeds this madness for their own ends. He has the same affliction that warped Mair the other week.
That's over-analysis (to put it mildly - there is actually nobody in politics who I'd compare with an alleged murderer, not even a BNP leader). He doesn't loathe anyone (less than most people here, I'd think) - it's one of his attractive qualities, and widely reciprocated, as acknowledged in many of the resignation letters. Rebelling colleagues generally think he's ineffective and inflexible, not evil or mad. He merely sees himself as the representative of a strand of political thinking, obliged to do his best by it.
Nick- I am not calling him a mass murderer, or evil, I am just trying to rationalise why he is staying against this kind of opposition. Most politicians suffer from some kind of narcissism...it is what draws them into politics, a bit like asbergers draws people to computers or Dr Who.
Brown was a classic narcissist, but even Brown would have been long gone facing this kind of opposition.
One hopes that Corbyn is simply playing out a (McDonnell) strategy to get an anointed successor onto a ballot paper, and they are playing for time. Then I'll be wrong.
If not Nick, and Corbyn intends to run again, and destroy the Labour Party while he's at it, it is because he believes that he is the only one fighting a righteous cause against all the non believers. The proof will be in what he does next.
Incidentally, David Blanket yesterday was saying as much as I'm saying here. Maybe the comparison to Hamilton was a slightly OTT.
He may just see it as a matter of principle. He got a huge mandate from the party. The opinion polls aren't great but he's in the game so to speak. He's been there less than a year. He may well be doomed but I can easily believe that he feels he hasn't been given a fair chance.
''We have to choose which we want: London as the EU's financial and tech capital and continued free movement (albeit with much more freedom re benefits), or to lose a chunk of those industries but to fundamentally change our immigration policy.''
No I think you;re wrong. I think we will get both.
Who is Merkel to tell us we can't? who is Juncker?
When half of Europe completely agrees with us and wants us to stay? When every leader in the region is facing calls for referendums exactly along Britain's lines?
I tend to agree that we could negotiate a better deal. But here's the thing:
If we invoke Article 50, without having EFTA/EEA as a proposed destination, we will start losing financial services companies immediately. Why? Because if you're running Morgan Stanley in London, and you know that in two years - if a deal isn't completed - you are without passporting, and there is business you simply can't do in London anymore. So, you'll invoke the precautionary principle: moving functions that require financial passporting to Dublin, Paris, Frankfurt and Warsaw. Not doing so is too great a risk.
The immediate impact of this will be a very serious impact on the Prime London property market. While this is not something that will be of enormous interest to you, it will undoubtedly lead to stresses at UK banks, if tens of billions of mortgages have moved from 65% loan-to-value to 120%. At the very least, this will affect the ability of banks to support the economy. It will also feed through in the "wealth effect".
The financial passport is probably gone, or at least the ability to do financial transactions in London on the same basis as elsewhere in Europe will be restricted. If we do nothing financial institutions will assume they are better off moving. Given the inevitable, is it worth trying to get some limits on immigration while salvaging what we can of the test of the single market? To an approximation we will take what we are offered by the EU. It's unlikely to be so bad we prefer nothing at all, and we don't have a lot of choices now we have rejected full membership.
@bigjohnowls Surely you don't believe at this stage only Blairites are against Corbyn? Blairites have been a fairly small group in Labour since 2005-06, yet huge swathes of the party want Corbyn to resign.
Hasn't he seen the map of who voted for what and where...?
Still he is correct. 60% of labour voters voted Remain.
That is true. But Brown's point that any one group 'delivered' Brexit is characteristic nonsense. Personally I think of how different it might be if only there were more UKIP Remainers.
Leadsom still in the running: "Andrea Leadsom has the tentative support of up to 60 Leave MPs if she runs. A group of them met in her office yesterday. At 6 pm Boris turned up and the MPs left, Johnson and Leadsom then had a ten minute one-on-one summit to try to agree terms of her joining the ticket. No deal was reached, Andrea is playing hardball and has also had talks with Theresa May’s team…"
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
Family connections. Look at who her dad was.
Her parents divorced when she was 7. She was brought up on a council estate. I don't think that helped. Her husband is a High Court judge.
@bigjohnowls Surely you don't believe at this stage only Blairites are against Corbyn? Blairites have been a fairly small group in Labour since 2005-06, yet huge swathes of the party want Corbyn to resign.
No i dont but New Labour will also be criticised in Chilcot though I imagine.
FART News - Falconer Active Resignation Timetable News
0910 hours - There is dismay in Primrose Hill as news filters through that a reclusive and demur local author has been toppled from the Sunday Times best seller list by Volume 5 of Charlie Falconer's book - "My Struggle - The First Hundred Days".
Clearly book buying, with only a few peculiar exceptions, had already hit the brick wall of Brexit. Who would have thought it would be the first industry to succumb?
Happy to report that my export book sales have increased significantly since the fall in the Dollar exchange rate.
''We have to choose which we want: London as the EU's financial and tech capital and continued free movement (albeit with much more freedom re benefits), or to lose a chunk of those industries but to fundamentally change our immigration policy.''
No I think you;re wrong. I think we will get both.
Who is Merkel to tell us we can't? who is Juncker?
When half of Europe completely agrees with us and wants us to stay? When every leader in the region is facing calls for referendums exactly along Britain's lines?
I tend to agree that we could negotiate a better deal. But here's the thing:
If we invoke Article 50, without having EFTA/EEA as a proposed destination, we will start losing financial services companies immediately. Why? Because if you're running Morgan Stanley in London, and you know that in two years - if a deal isn't completed - you are without passporting, and there is business you simply can't do in London anymore. So, you'll invoke the precautionary principle: moving functions that require financial passporting to Dublin, Paris, Frankfurt and Warsaw. Not doing so is too great a risk.
The immediate impact of this will be a very serious impact on the Prime London property market. While this is not something that will be of enormous interest to you, it will undoubtedly lead to stresses at UK banks, if tens of billions of mortgages have moved from 65% loan-to-value to 120%. At the very least, this will affect the ability of banks to support the economy. It will also feed through in the "wealth effect".
The financial passport is probably gone, or at least the ability to do financial transactions in London on the same basis as elsewhere in Europe will be restricted. If we do nothing financial institutions will assume they are better off moving. Given the inevitable, is it worth trying to get some limits on immigration while salvaging what we can of the test of the single market? To an approximation we will take what we are offered by the EU. It's unlikely to be so bad we prefer nothing at all, and we don't have a lot of choices now we have rejected full membership.
I don't think it's gone if we keep free movement, it will be the price to pay if we choose to have no free movement.
Hasn't he seen the map of who voted for what and where...?
Big Tory majority in Sunderland I hear.
Labour got less than 60% in Sunderland in the GE2015. So virtually all the others could have voted Leave. A quarter of Labour voters need vote Leave to get the June 23 result.
FART News - Falconer Active Resignation Timetable News
0910 hours - There is dismay in Primrose Hill as news filters through that a reclusive and demur local author has been toppled from the Sunday Times best seller list by Volume 5 of Charlie Falconer's book - "My Struggle - The First Hundred Days".
Clearly book buying, with only a few peculiar exceptions, had already hit the brick wall of Brexit. Who would have thought it would be the first industry to succumb?
Happy to report that my export book sales have increased significantly since the fall in the Dollar exchange rate.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
Family connections. Look at who her dad was.
Her parents divorced when she was 7. She was brought up on a council estate. I don't think that helped. Her husband is a High Court judge.</blockquote
Brought up in a council estate with that county accent , give me a break. Two weeks max.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
LOL: to be fair, I was reading the Bloomberg morning briefing on the way to work this morning, and it said something along the lines of "Futures point to early declines in Sterling, FTSE". And then the market opened a percent higher, and has moved in an upward direction since.
The Times expected yesterday's rally to be a dead cat bounce.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
LOL: to be fair, I was reading the Bloomberg morning briefing on the way to work this morning, and it said something along the lines of "Futures point to early declines in Sterling, FTSE". And then the market opened a percent higher, and has moved in an upward direction since.
The Times expected yesterday's rally to be a dead cat bounce.
@bigjohnowls Surely you don't believe at this stage only Blairites are against Corbyn? Blairites have been a fairly small group in Labour since 2005-06, yet huge swathes of the party want Corbyn to resign.
No i dont but New Labour will also be criticised in Chilcot though I imagine.
I don't see how New Labour as a whole will be criticised. It was Bliar's project assisted by Straw and Hoon. Others just kept their heads down.
Hasn't he seen the map of who voted for what and where...?
Big Tory majority in Sunderland I hear.
In Northern working class seats, (or Luton for that matter) it was probably something like 50/50 Labour, 70/30 Conservative, 95/5 UKIP, that delivered big Leave majorities. In places like Islington, Labour were probably splitting 90/10 Remain.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
Family connections. Look at who her dad was.
Her parents divorced when she was 7. She was brought up on a council estate. I don't think that helped. Her husband is a High Court judge.
It was Guildford mind. Andrew Neil's point about the pound was equally stupid. The pound is at €1.21, having fallen from €1.28. Just because it is "rising" today does not take into account how much it has fallen.
"Tosh McDonald, the president of Aslef, went further by claiming that he now found it difficult to decide who he hated the most out of Margaret Thatcher and the Parliamentary Labour Party."
There you have it. Blairites are viruses and vermin. At least the left are consistently nasty, even to their own.
What's Tosh short for? I haven't heard that nickname in years bar that chap in The Bill.
Miss P., It was quite a common nickname in the Northumberland Fusiliers (later 3rd Battalion RRF) for chaps whose first name was Tony or Anthony. I think a bit like someone whose surname was Miller was almost invariably called Dusty.
As an aside are nicknames used as much as they were? When I was young everyone had a nickname and was seldom referred to as anything else. For example, I served for two years with a bloke known as "Frub", it was only at his leaving do when I was chatting with his wife that I found out his real name was Stephen.
My nickname is Flip/Flippy - everyone who knows me well uses one of them. I didn't notice how odd it sounds until my husband called to me down an aisle in Tescos. Even my mum called me Flippy.
It came from my bigger brothers inability to pronounce my Christian name. I'd a good friend who's nickname was Furry - I've no idea what his real name is. It never occurred to me to ask.
Those I knew professionally found it most amusing when they met my friends. I'd never allowed them to shorten my name, yet here was everyone using a fun one.
I had several nicknames conferred on me during my working life; from "Reynard" as a young squaddie through to "TCH" (short for, That C*** Hardy) when I was at the Home Office. My wife, except for when she is cross with me (when she calls me by my Christian name) never refers to me by anything than my surname.
''We have to choose which we want: London as the EU's financial and tech capital and continued free movement (albeit with much more freedom re benefits), or to lose a chunk of those industries but to fundamentally change our immigration policy.''
No I think you;re wrong. I think we will get both.
Who is Merkel to tell us we can't? who is Juncker?
When half of Europe completely agrees with us and wants us to stay? When every leader in the region is facing calls for referendums exactly along Britain's lines?
I tend to agree that we could negotiate a better deal. But here's the thing:
If we invoke Article 50, without having EFTA/EEA as a proposed destination, we will start losing financial services companies immediately. Why? Because if you're running Morgan Stanley in London, and you know that in two years - if a deal isn't completed - you are without passporting, and there is business you simply can't do in London anymore. So, you'll invoke the precautionary principle: moving functions that require financial passporting to Dublin, Paris, Frankfurt and Warsaw. Not doing so is too great a risk.
The immediate impact of this will be a very serious impact on the Prime London property market. While this is not something that will be of enormous interest to you, it will undoubtedly lead to stresses at UK banks, if tens of billions of mortgages have moved from 65% loan-to-value to 120%. At the very least, this will affect the ability of banks to support the economy. It will also feed through in the "wealth effect".
The financial passport is probably gone, or at least the ability to do financial transactions in London on the same basis as elsewhere in Europe will be restricted. If we do nothing financial institutions will assume they are better off moving. Given the inevitable, is it worth trying to get some limits on immigration while salvaging what we can of the test of the single market? To an approximation we will take what we are offered by the EU. It's unlikely to be so bad we prefer nothing at all, and we don't have a lot of choices now we have rejected full membership.
I don't think it's gone if we keep free movement, it will be the price to pay if we choose to have no free movement.
David Davis suggested free movement is dead all over the EU. That sounds possible.
In any event, free movement will have to be a red line for the UK. It's too big an issue for UK voters.
@bigjohnowls Surely you don't believe at this stage only Blairites are against Corbyn? Blairites have been a fairly small group in Labour since 2005-06, yet huge swathes of the party want Corbyn to resign.
No i dont but New Labour will also be criticised in Chilcot though I imagine.
I don't see how New Labour as a whole will be criticised. It was Bliar's project assisted by Straw and Hoon. Others just kept their heads down.
Basically he's saying France and Germany (especially France) are plotting to box British politicians into giving up passporting in exchange for the ability to restrict immigration. If they make this offer publicly it will be hard for British politicians to resist because the voters will think they're just screwing the bankers.
The British financial industry then gets shared out among Paris, Frankfurt and Amsterdam.
Thornberry: Pound is falling Neil: Actually pound is rising today. Thornberry: Yeah but shares are falling Neil: No shares are rising too, now above five year average.
How did this women ever pass the law exams?
Family connections. Look at who her dad was.
Her parents divorced when she was 7. She was brought up on a council estate. I don't think that helped. Her husband is a High Court judge.
It was Guildford mind. Andrew Neil's point about the pound was equally stupid. The pound is at €1.21, having fallen from €1.28. Just because it is "rising" today does not take into account how much it has fallen.
Bellfields is as much a dump as any estate up north.
Comments
He judges the mood correctly. We all have sympathy for the honourable Corbynites.
Hardly a surprise is it?
@bigjohnowls Were you expecting Harman to intervene? I wasn't.
It came from my bigger brothers inability to pronounce my Christian name. I'd a good friend who's nickname was Furry - I've no idea what his real name is. It never occurred to me to ask.
Those I knew professionally found it most amusing when they met my friends. I'd never allowed them to shorten my name, yet here was everyone using a fun one.
Madness to rebel without having decided on a leader.
Lack of planning/competence by the rebels.
"anone but Corbyn" doesnt count as an answer
Neil: Actually pound is rising today.
Thornberry: Yeah but shares are falling
Neil: No shares are rising too, now above five year average.
Well that's convinced me
Next Wednesday is nearly here the Blairites cannot afford Corbyn to be in charge then.
"We're currently producing more history than we can consume"
http://www.wirralglobe.co.uk/news/14585110.Angela_Eagle_under_pressure_from_Wallasey_Labour_party_over_Corbyn_vote/
Supporting Syria may not be a problem now, you can simply note the position taken in this article (which itself pre-empts parts of Benn's speech):
http://labourlist.org/2015/10/we-must-remember-that-syria-is-not-iraq-and-build-a-plan-for-action/
Supporting Iraq, especially from within the Shadow Cabinet, will be a cause of far more difficulty and expect much wailing that 'Blair hid the facts from us' from previous loyalists as those people try to hold their own.
Technically, I agree with the Corbynites that the correct way of doing this was by a leadership election, but politically the shenanigans of the last few days have drawn the stain of disloyalty from anyone wanting to now stand, which I think was exactly the point. Hilary Benn effectively has taken the role of the Bounty Kitchen Roll in this coup.
The Times expected yesterday's rally to be a dead cat bounce.
Or to put it another way:
Conservative party = split > Conservative voters = split
Labour party = almost united > Labour voters = split.
Splitters have turned up
Does he have a knife?
Cameron seems very relaxed, the burdens of office coming to an end.
"Andrea Leadsom has the tentative support of up to 60 Leave MPs if she runs. A group of them met in her office yesterday. At 6 pm Boris turned up and the MPs left, Johnson and Leadsom then had a ten minute one-on-one summit to try to agree terms of her joining the ticket. No deal was reached, Andrea is playing hardball and has also had talks with Theresa May’s team…"
http://order-order.com/2016/06/29/gove-chief-negotiator-boris-leadsom-summit-priti-rumours/
What's he afraid of?
Relative calm so far.
Good stuff, Sir.
Prime Minister, you know that's misleading.
They're just going to keep on making increasingly tough and strident demands but never actually leave.
Yay!
In any event, free movement will have to be a red line for the UK. It's too big an issue for UK voters.
Only having an iPhone 5 when your neighbour has an iPhone 6 isn't poverty.
https://twitter.com/b_judah/with_replies
Basically he's saying France and Germany (especially France) are plotting to box British politicians into giving up passporting in exchange for the ability to restrict immigration. If they make this offer publicly it will be hard for British politicians to resist because the voters will think they're just screwing the bankers.
The British financial industry then gets shared out among Paris, Frankfurt and Amsterdam.