For the last year or so, one of my favourite betting markets has been the market on Betfair on whether Britain will leave the EU by 11pm on 29 March 2019. I wrote about it in February and it has been a market that I have returned to regularly over the intervening months. The price on Yes, Britain will officially leave by that date has shortened considerably since February and as I write last traded at 1.83.
Comments
The Survation numbers are " interesting " and they've done an admirable job of turning complex Brexit policy into clear polling questions. But ... There was only 24hrs from the Chequers agreement being published and those numbers coming out. So the poll can only have been in the field for 18 to 20hrs. On a Saturday in July in a heatwave when Engkand were playing. How many real voters have the faintest idea what Chequers is ? The figures are interesting to see what voters think of various choices/trade offs but in all honesty the numbers need taking with a bucket load of salt given the turnaround time.
After Chequers I've gone all Green on Betfair next PM. I think the Tories will now skip a generation even if May goes quite soon. I'll kick myself if Hunt makes it but I do now think they'll want as decicive a break with the current generation as possible.
Mordaunt was an original Leaver and is doing lots of Cameronian PR stuff at DfID and PRIDE events. It could her as the change/continuity candidate vs a change/change candidate who didn't dip their hands in the blood at Chequers
That is: how much of GDP is the estimate of the benefit we get from living in houses we own?
That's quite a lot of ducks to get in a row. To be too divided to do a deal but to have unanimity over the need for an extension. It's not impossible and Mr Meeks is right to point out the interesting Kurz comments.
Disclaimer: I have backed 29/3/19 as Brexit Day in this market for months and am not cashing out.
But fundamentally every Brexit compromise will be compared to Harry Kane holding the World Cup. Theresa May says this is the best deal she could get on Haddock Quotas but the Three Lions conquered the World. The images of Harry Kane holding excalibre will be captioned " Global Britain ". Many decent leftish footballer lover politicos are in love with their New England but the analysis seems very Remain campaign to me. Has English exceptionalism really become metrosexual once you go passed the M25 ?
And what would inflamed, empowered and vindicated english exceptionalism do to our fraying Union ? All the clever scottish unionists on my twitter feed seem to have spotted the danger but are for obvious reasons being very coded.
An England victory will be very strange politically. Changing the subject of national conversation for months, a welcome lift to most people's spirits, sucking the oxygen from every other topic. Yet rocket fuel for many other forces shaping our politics. English exceptionalism globally, english domination of the UK Union, ( Three ) Lions compared to our Donkey Leaders, the debate over national pride, tabloid culture and ' going alone '.
" It's ( control ) is coming home. 45 years of hurt.
https://www.youtube.com/watch?v=wVn9YLd5HS4
Probably just being cautious. I suppose another way there could be a delay is if the govt loses the meaningful vote on a deal. Then presumably we might ask for more time?
I recall in 96 I got engaged to an English girl from the Cotswolds, when I went there the union flag flew over the village Hall, same as it did over the city chambers in Glasgow.
When I visited the UK last year, they were flying different flags. The breakup of the UK is unavoidable, on both sides of the border the post war generation of people with an "British" identity are aging and dying
Govt spending c $1.2trn = 40% gdp
Therefore gdp = $3.0tn
Value of U.K. residential housing stock around $7trn @ 5% yield = $350bn
Let’s say 10-15%
You may get marks for showing your working even if the answer Is not correct!
I think the far right (in England anyway) has moved somewhat from the UF to the Cross of SG over the years.
This doesn't mean there will be a deal on the future relationship. The UK will probably leave the EU without a clear idea of what will happen after the two year standstill "transition". As I wrote yesterday, plus an extra point :
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Some reflections on the Chequers statement:
1. It is a conjurer's sleight of hand. Theresa May gets people to focus on the future relationship while the critical manoeuvre is the Withdrawal Agreement. The Withdrawal Agreement is a hard treaty arrangement. If we don't follow through we can be hauled in front the Court of Settlements in the Hague, whereas the "Political Declaration on the Future Relationship Framework" that the Chequers statement links to is every bit as vague as it sounds.
2. The Future Relationship Framework declaration can therefore be as fudged as we like. It's never going to be the treaty but negotiators might refer to it in post-Brexit negotiations if they feel like it.
3. Chequers tells us the government will sign the Northern Ireland backstop so the WA goes ahead. The government will hope the FRF will give cover and credibility to their claim the NI backstop will never be used.
4. The EU should welcome Chequers in its normal bland Eurospeak as a basis of of a FRF subject to blahblah if it moves the WA forward, which is what really matters. EU people are usually tactful when they are getting their way but Barnier is a bit of a loose cannon and the sheer number of parties involved increases the possibility of a row blowing up.
5. Brexiteers have weakened their position by not devising a credible alternative plan for Brexit that people can rally around. As a Remoaner I can see why they didn't. Nevertheless it's a problem for them.
6. No-one is thinking strategically: neither the Govt, the EU nor Brexiteers. The focus is entirely on staggering through to March 29 next year.
7. Theresa May is stretching the truth on her red lines. So "The UK and the EU would maintain a common rulebook" actually means the UK doing whatever is in the EU rulebook. The CJEU wouldn't rule on UK cases because it never has done, even when the UK was a member - a common misconception.
8. The fragile consensus on the future relationship only needs to last until the Withdrawal Agreement is signed - about 6 months.
Huzzah for the Croats!
Does give me a little quandary, though. Just about every bet I've made has failed on the World Cup, but I do have a pound or two on Croatia at 36, and likewise Belgium at 12. Trying to work out how to handle that. Could just hedge, of course.
Could try backing a France/England final. Or backing France/England in their semis, though I suspect those odds would be poor.
Nice problem to have, although many of my bets have failed before now.
That would be some week.
There were a few posts yesterday dismissing Croatia, they are by far the best side we will have faced in this world cup. In terms of footballing ability only Colombia (minus James) came close. We've been a better footballing side than all our opponents so far and better at set pieces.
I think only the latter will be true, Croatia also aren't bad at set pieces. This team beat Argentina 3-0, we could hold out and beat them on set pieces but that isn't what we've been doing so far. They aren't certain to dominate the game (possession wise) but it wouldn't surprise me.
I'm excluding the Belgium game from all the above.
I think France will beat Belgium and beat whoever they face in the final. I'm making the Croatia England game a close call, heart says England head says don't get your hopes up.
But I still think this is a good bet even allowing for this permutation at current odds. The British government is neither mad enough nor courageous enough to walk away.
England will be in for a tough match. It could be the end of the Its Coming Home memes.
Not financially though.
I said from the start I would be happy with the quarters, to get to a semi final is dreamland already so I won't be too disappointed once it wears off..
If for some reason it isn't coming home!
Edit: Okay not if England got through to the final and France won... ignore me...
On the down side to that though they should be really confident if it goes to penalties.
Belgium impressed me against Brazil but I think France are a cut above them, although anything could happen.
The resulting Brexit 'betrayal' will have some electoral cost for the Tories, but they know that the electoral consequences of 'no deal' would be far worse for them.
I like the look of Kane v Lovren in our game. Modric, though, gives me the fear.
Same reason I'm worried about Croatia, Modric is incredible and Rakitic is very good, other parts of the pitch the match up is quite close or in our favour.
CDU\CSU down across the board with voters saying they have lost their way and Seehofer should resign
https://www.welt.de/politik/deutschland/article178968666/Wahlumfrage-AfD-auf-Rekordwert-von-17-Prozent-so-stark-wie-die-SPD.html
The extra time business is overstated. They will probably just moderate their training activity to compensate.
Uruguay France = 13 Letters
Brazil Belgium = 13 Letters
England Sweden = 13 Letters
Russia Croatia = 13 Letters
these games were played on 6th and 7th of July, 6+7 = 13
Add all the above team names together = 52. It's been 52 years since England won the world cup.
Divide 52 by 4 (Number of years the world cup is) = 13. It's been 13 world cups since England won it.
you know what else has 13 letters?????
ITS COMING HOME
It's confirmed!
Has been mainly VSCs in the support races, so as long as the first lap goes without incident and everyone’s suspension holds together Mr Maylander should have a quiet day. No rain expected.
Mr. Sandpit, hmm. I think there have only been about 2 races without a safety car this year (which makes the Monaco situation even more galling).
I could easily see Williams ending up in the gravel, Hartley's had the suspension problem and Vettel's neck is iffy. But, as you say, it's likely to be dry, and the support race info is interesting.
I shall put a little on it.
Croatia have a classy midfield though so I'm certainly not dismissing them. I dismissed Sweden before the match as I felt they were bang average. Croatia aren't, though their last two matches weren't great.
If anyone wants to feel old, Mr Piquet Jr has just beaten Mr Alesi Jr in the GP3 race.
Just in case you weren't feeling old enough
England have their weaknesses but so do the Croats. If England can keep their heads, they should win in my opinion.
Edit: the two old men managed to make it to the podium for the photo!
I might back England for the World Cup as a sort of Croatia hedge. Hmm.
- Will May try to sign the existing NI backstop, or get the EU to accept her time limited version? If the former who will support her; if the latter on what basis do we think the EU will agree?
- The main problem with this whole plan (which I think might be fatal) is that the EU will probably require the NI backstop to remain in law FOREVER - which means if the UK ever either pull out of the new agreement or the UK Parliament tries to exercise its theoretical rights to object to new EU legislation, the backstop would automatically kick back in. How would she ever sell that as the UK taking back control, when the EU basically have the right to annex territory if we exercise our sovereignty in the future?
This plus the excellent Martin Howe QC demolition of this plan, show that she hasn't thought it through - it was just a plan to save her skin, not provide a benefit to the nation.
The ONLY path to a deal involves defeating the EU on NI - always has.
I’m sure Mrs Sandpit will be amenable to some sort of compromise should the need arise. I hope!
Very glad Russia were knocked out saving us from a political Semi final. Croatia are more dangerous, but we avoid a lot of nonsense.
But as we have to caveat - hey, this is England....
Belgium vs England in the final would be interesting too, Spurs attacking vs Spurs defence. They will know each other well. Indeed, I reckon about 75% of the SF first trainers on Tue and Wed play in the English Premier League.
Russians not too crestfallen after going out apart from one drunk in Russia shirt who lay down in the middle of the dual carriageway from the airport last night. Taxi dodged well.
Off to see the Finland Station, Cruiser Aurora, Peters Cabin, Peter and Paul fortress and Artillery museum shortly when Fox jr finishes his shower. Definitely a boys trip!
https://www.bbc.co.uk/news/uk-politics-44755049
https://www.telegraph.co.uk/comment/personal-view/3623669/How-364-economists-got-it-totally-wrong.html
Nine Spurs players still at the World Cup. No team has more. The new season starts in five weeks. Gulp.
Personally I think the DUP made a big mistake by investing in Brexit. Unionism's friend is the status quo.
It did not mention no deal and received the result conhome wanted but is not far off a voodoo poll
Gove on Marr comprehensively supporting May
(Incidentally I think senior officers in WW1 are very unfairly maligned by some very political pseudo-historians - most of the myths about WW1 can be traced to Robert Graves, Vera Brittain and Alan Clarke - but that is another story.)
His preamble comments on Schlieffen's plan and Moltke cocking it up were rather interesting.
That may make him a better politician than his colleagues, but not a popular one.
https://twitter.com/tnewtondunn/status/1015881384194387969