politicalbetting.com » Blog Archive » More pressure is piled on the ERG to back the deal today
IDS's soeech aimed at the #erg – balance of risk has changed even though the #WA hasn't – support the deal and get changes under new leadership. but that same message may dissuade some potential ?@UKLabour? rebels pic.twitter.com/ky486ZKqC5
Mervyn King's interview on Today this morning was excellent. He favours leaving without a deal but with an agreement to hold the status quo for 6 months to manage the inevitable disruption. (from 2hrs:37mins) https://www.bbc.co.uk/sounds/play/m0003jvs
He should get 363 fellow economists to write a letter to The Times saying that.
#WrongThenWrongNow
The Hahn/Nield round-robin letter came from the Cambridge hotbed of radical economic naïvity. It is true that Mervyn did sign it when he was at Birmingham. He became much wiser since. I did not sign it, and many other academic economists I know also refused to sign it.
He was so wise he didn’t even spot the credit crisis of 2007.
Quite. And did not cover himself in glory in 2008 either.
He was talking rubbish when he said that there should be a No Deal exit with a six month transition deal. What the hell does he think the WA is?
In 2017 Mervyn King was saying that we were focusing too much on negotiations with the EU and we should start by negotiating trade deals with other countries before the "final step" of doing a deal with the EU.
Mervyn King's interview on Today this morning was excellent. He favours leaving without a deal but with an agreement to hold the status quo for 6 months to manage the inevitable disruption. (from 2hrs:37mins) https://www.bbc.co.uk/sounds/play/m0003jvs
He should get 363 fellow economists to write a letter to The Times saying that.
#WrongThenWrongNow
The Hahn/Nield round-robin letter came from the Cambridge hotbed of radical economic naïvity. It is true that Mervyn did sign it when he was at Birmingham. He became much wiser since. I did not sign it, and many other academic economists I know also refused to sign it.
He was so wise he didn’t even spot the credit crisis of 2007.
Quite. And did not cover himself in glory in 2008 either.
He was talking rubbish when he said that there should be a No Deal exit with a six month transition deal. What the hell does he think the WA is?
Here’s another example of Mervyn ‘Always Wrong’ King
Amusingly, it looks as though Jacob Rees-Mogg has manoeuvred himself into having to vote against this motion in order to retain any credibility in his word (by sub-contracting his vote to the DUP) when harder liners have decided to cut and run.
There could still be some more twists if the vote passes today. It won't be enough to ratify the WA, and if the ERG get buyer's remorse, it might make a second referendum more viable.
Mervyn King's interview on Today this morning was excellent. He favours leaving without a deal but with an agreement to hold the status quo for 6 months to manage the inevitable disruption. (from 2hrs:37mins) https://www.bbc.co.uk/sounds/play/m0003jvs
He should get 363 fellow economists to write a letter to The Times saying that.
#WrongThenWrongNow
The Hahn/Nield round-robin letter came from the Cambridge hotbed of radical economic naïvity. It is true that Mervyn did sign it when he was at Birmingham. He became much wiser since. I did not sign it, and many other academic economists I know also refused to sign it.
He was so wise he didn’t even spot the credit crisis of 2007.
Quite. And did not cover himself in glory in 2008 either.
He was talking rubbish when he said that there should be a No Deal exit with a six month transition deal. What the hell does he think the WA is?
In 2017 Mervyn King was saying that we were focusing too much on negotiations with the EU and we should start by negotiating trade deals with other countries before the "final step" of doing a deal with the EU.
There could still be some more twists if the vote passes today. It won't be enough to ratify the WA, and if the ERG get buyers remorse, it might make a second referendum more viable.
Amusingly, it looks as though Jacob Rees-Mogg has manoeuvred himself into having to vote against this motion in order to retain any credibility in his word (by sub-contracting his vote to the DUP) when harder liners have decided to cut and run.
I know his views are the antithesis in many areas to mine, but that aside, I am absolutely staggered that anyone in the modern age could take Rees-Mogg seriously!
See what I mean. Nandy clearly has no intention of ever voting for the WA, the resignation issue is a stupid reason to vote for ir against, it's an excuse. Either the WA is ok or it isn't, and Nandy and her bedfellows in the ERG are playing games. I feel quite confident in my prediction, as it's based only on including Tories who explicitly switch, and assuming virtually no lab rebels emerge.
At this point as the are whittled down to the stubborn and principled the lab numbers are more vital. And if even divorced from the pd the most amenable lab MPs wont vote for it on the blatantly insincere reasoning of May resigning, then we all know the result.
At least Grieve and the ERG hardliners are mostly honest about never voting for the wa. Not pretending they might but seeking lame excuses.
See what I mean. Nandy clearly has no intention of ever voting for the WA, the resignation issue is a stupid reason to vote for ir against, it's an excuse. Either the WA is ok or it isn't, and Nandy and her bedfellows in the ERG are playing games. I feel quite confident in my prediction, as it's based only on including Tories who explicitly switch, and assuming virtually no lab rebels emerge.
At this point as the are whittled down to the stubborn and principled the lab numbers are more vital. And if even divorced from the pd the most amenable lab MPs wont vote for it on the blatantly insincere reasoning of May resigning, then we all know the result.
At least Grieve and the ERG hardliners are mostly honest about never voting for the wa. Not pretending they might but seeking lame excuses.
Nandy has always given the impression she might vote for it, before pulling away. We should assume she never will.
See what I mean. Nandy clearly has no intention of ever voting for the WA, the resignation issue is a stupid reason to vote for ir against, it's an excuse. Either the WA is ok or it isn't, and Nandy and her bedfellows in the ERG are playing games. I feel quite confident in my prediction, as it's based only on including Tories who explicitly switch, and assuming virtually no lab rebels emerge.
At this point as the are whittled down to the stubborn and principled the lab numbers are more vital. And if even divorced from the pd the most amenable lab MPs wont vote for it on the blatantly insincere reasoning of May resigning, then we all know the result.
At least Grieve and the ERG hardliners are mostly honest about never voting for the wa. Not pretending they might but seeking lame excuses.
Nandy has always given the impression she might vote for it, before pulling away. We should assume she never will.
Indeed. Another in the long lists on both sides just seeking to avoid blame for various outcomes. She just wants to show she considered it at least.
22% chance of passing per Betfair. That is quite a big move. It was 8% an hour or so ago.
The usual over optimism. The usual 'surely given x, y must vote for it' which ignores that ultimately not enough want to vote for it, end if, and will a new reason as others fall down.
Its intriguing mostly because it might provably be the most popular option voted on to date. What happens once choices narrow further on indicative options is key.
Let's not forget that Cameron's objective in calling the Referendum was to resolve the Tory divisions on Europe.
Indeed. He could not be bothered to take on the nutters himself so he thought the electorate would do it for him. Which has to be the biggest political misjudgment since Chamberlain accepted Hitler's word at Munich.
Clever making Heidi the face of TIG. Less partisan than Chuka and well placed if the next potential influx is from Tory remainers.
She's got a much better chance of retaining her seat than Chuka at the next election as well.
I know the area for her seat very well, and I think you are right. Wouldn't be surprised to see her increase her majority.
If the LDs give her a free run, for sure, she 'll take most of their vote plus much of the Tory one.
I live in one of the constituencies next door and Heidi does seem to be well liked as an MP. However, South Cambs has been a safe Tory seat for a very long time, even in 1997. I think she could win, but it would be very close and depends on who the Conservatives put up against her - I imagine they'd look for a strong candidate who isn't on the ERG end of the party.
See what I mean. Nandy clearly has no intention of ever voting for the WA, the resignation issue is a stupid reason to vote for ir against, it's an excuse. Either the WA is ok or it isn't, and Nandy and her bedfellows in the ERG are playing games. I feel quite confident in my prediction, as it's based only on including Tories who explicitly switch, and assuming virtually no lab rebels emerge.
At this point as the are whittled down to the stubborn and principled the lab numbers are more vital. And if even divorced from the pd the most amenable lab MPs wont vote for it on the blatantly insincere reasoning of May resigning, then we all know the result.
At least Grieve and the ERG hardliners are mostly honest about never voting for the wa. Not pretending they might but seeking lame excuses.
Nandy has always given the impression she might vote for it, before pulling away. We should assume she never will.
Indeed. Another in the long lists on both sides just seeking to avoid blame for various outcomes. She just wants to show she considered it at least.
She always gives me the impression she’s about to burst into tears because teacher might tell her off
If she was leader there’d be a lot of Nando related headlines for our amusement
Tragic the BBC are trying to big up the chances of the deal passing . Obviously have taken orders from no 10 .
Why is that 'tragic'? It would be disappointing if true, though of course for all accusations of political bias by the BBC, the bias of the accuser has to be considered and is usually key.
Its intriguing mostly because it might provably be the most popular option voted on to date. What happens once choices narrow further on indicative options is key.
It's the non-option option. It kicks the can down the road a bit, which makes it popular with a lot of MPs.
IMO anyone switching now reveals themselves as prioritising tactics over principles. If you can vote for this now, you could have voted for it the first or second time around.
Tragic the BBC are trying to big up the chances of the deal passing . Obviously have taken orders from no 10 .
That makes no sense, because on this issue at least mps have very stubbornly stuck to their guns over and over. Media rumours of x or y happening have had no effect and so the idea the BBC is trying to influence things doesn't hold up, the idea no 10 is through them doesnt hold up because it just blows up on their face when, again, they fall short.
More likely they just hope for a conclusion to the story rather than endless parliamentary pontification.
Its intriguing mostly because it might provably be the most popular option voted on to date. What happens once choices narrow further on indicative options is key.
It's the non-option option. It kicks the can down the road a bit, which makes it popular with a lot of MPs.
IMO anyone switching now reveals themselves as prioritising tactics over principles. If you can vote for this now, you could have voted for it the first or second time around.
Totally agree . They were all told of the risks if MV2 failed, things really have not changed much just because the extension has become real rather than predicted.
As you say, mps love to can kick. With things already scheduled for next week why decide things now?
May saying she’s going to leave soon essentially means Labour voting for the deal are voting to bring in a hardline Brexiter .
Which should be great for Labour as the party will not put up with it and there will be defections and current MPs leaving the party to stand independently, which will usher in a socialist paradise. This argument stands up to no scrutiny.
I have run my pre-Ref portfolio very successfully to date which has been global dollar-weighted. If there is no deal I will benefit greatly as sterling sinks. If there is a deal (a position I have been advocating since the beginning) not so much with an estimated upside in GBP/USD to 1.45-48. I have just bought some out of the money GBP/USD calls just in case those madmen actually do vote the deal through!!
May saying she’s going to leave soon essentially means Labour voting for the deal are voting to bring in a hardline Brexiter .
Which should be great for Labour as the party will not put up with it and there will be defections and current MPs leaving the party to stand independently, which will usher in a socialist paradise. This argument stands up to no scrutiny.
It's a load of old wank is what it is. The parliamentary numbers wont magically alter. Nandy is going right down in my estimation.
Comments
They are true patriots.
Watch this from 25 minutes.
https://www.youtube.com/watch?v=uSMNGa60z4w
Getting closer and closer
MV2 failed by 149 which would thereby be reduced to 93.
A very long way from "defeat by 20"....
We shall not see them lit again in our life-time.
https://www.google.com/amp/s/amp.theguardian.com/business/2010/apr/29/mervyn-king-warns-election-victor
Brexit is the result of "Austerity" and no matter unless it's fixed the problems remain...
Not sure about that.
Ronnie Campbell, Kate Hoey, Corbyn and Skinner all still against I take it
Out of principles and from behind a keyboard I still side with the DUP. But I don't envy MPs facing the lobbies today.
Without Godwinning this is a bit Sophie's Choice.
There remain 48 rebels (which would be enough to carry the motion if they all became counter-rebels)
We could also add Douglas Ross (previously absent) and Snell, if you wanted, which takes us to a defeat by 90.
Jim Fitzpatrick also said he's vote for the WA, but I'll believe that when I see it.
Or, they are effectively doing a Green Party and having co-leaders in all but name.
one for the maybe column
I have no idea how May gets them, but striking a deal with the Tom Watson faction must be the only way.
At this point as the are whittled down to the stubborn and principled the lab numbers are more vital. And if even divorced from the pd the most amenable lab MPs wont vote for it on the blatantly insincere reasoning of May resigning, then we all know the result.
At least Grieve and the ERG hardliners are mostly honest about never voting for the wa. Not pretending they might but seeking lame excuses.
Start with defeat by 149:
28 Tory switchers and 1 switcher from absent (based on the most favourable reading of Buzzfeed/Speccie)
Gives defeat by 92.
There were 3 Labour supports, so I would imagine Dan Hodges means *another* 3 plus 10 abstentions
Gives defeat by 76
Round my way we've got predictions of a loss by 45-100. Seems a solid range.
So the running count is:
Start with defeat by 149:
30 Tory switchers and 1 switcher from absent (based on the most favourable reading of Buzzfeed/Speccie/ITV)
Gives defeat by 88.
There were 3 Labour supports, so I would imagine Dan Hodges means *another* 3 plus 10 abstentions
Gives defeat by 72
https://twitter.com/JamesMelville/status/1111602289595346945
If she was leader there’d be a lot of Nando related headlines for our amusement
And if we need a Ken Clarke as PM, why on earth not go for the Ken Clarke? It would be downright rude not to.
IMO anyone switching now reveals themselves as prioritising tactics over principles. If you can vote for this now, you could have voted for it the first or second time around.
Raab has gone over to the dark side.
More likely they just hope for a conclusion to the story rather than endless parliamentary pontification.
The 75 Labour MPs from the most Leave supporting seats. Can she get an extra 40 votes from these? Probably not
Susan Elan Jones
"Nia Griffith
"Stephen Hepburn
"Kevan Jones
"John Mann
"Kelvin Hopkins
"Sue Hayman
"Dame Rosie Winterton
"Ronnie Campbell
"John Spellar
"Angela Rayner
"Chris Ruane
"Richard Burgon
"Helen Goodman
"Tony Lloyd
"Christina Rees
"Sir Kevin Barron
"Jess Phillips
"Yvonne Fovargue
"Jon Cruddas
"Carolyn Harris
"Keith Vaz
"Nick Thomas-Symonds
"Phil Wilson
"Jon Trickett
"Chris Elmore
"Naz Shah
"Yvette Cooper
"Jack Dromey
"Alex Norris
"Dennis Skinner
"Valerie Vaz
"Emma Lewell-Buck
"Clive Betts
"Sharon Hodgson
"Gloria De Piero
"Caroline Flint
"Imran Hussain
"Khalid Mahmood
"Emma Hardy
"Gareth Snell
"Chris Evans
"Alex Cunningham
"Jim McMahon
"Kate Hollern
"Graham P Jones
"Bridget Phillipson
"Dan Jarvis
"Yasmin Qureshi
"Stephen Kinnock
"Judith Cummins
"Andy McDonald
"John Healey
"Mike Hill
"Gerald Jones
"Nic Dakin
"Julie Cooper
"Ann Clwyd
"Edward Miliband
"Gordon Marsden
"Anna Turley
"Ruth Smeeth
"Liam Byrne
"Chris Bryant
"Stephanie Peacock
"Melanie Onn
"Sarah Champion
"Tom Watson
"Emma Reynolds
"Karl Turner
"Nick Smith
"Grahame Morris
"Pat McFadden
"Ian Austin
"Adrian Bailey
However Cox all but accepted the Snell amendment for when the legislation comes to the Commons
As you say, mps love to can kick. With things already scheduled for next week why decide things now?
I have run my pre-Ref portfolio very successfully to date which has been global dollar-weighted. If there is no deal I will benefit greatly as sterling sinks. If there is a deal (a position I have been advocating since the beginning) not so much with an estimated upside in GBP/USD to 1.45-48. I have just bought some out of the money GBP/USD calls just in case those madmen actually do vote the deal through!!
Edit: DYOR!!!!!!!!!!!!!!!!!!!!! ie call your MP!
In addition to overall loss size we should predict labour votes in favour. I'm saying less than 10, maybe 8. Abstentions dont count.
The gov't motion, OTOH, is at 6.4 and won't be void.
So the difference is... MV3 this evening or tomorrow??
https://www.politico.com/magazine/story/2019/03/29/john-hickenlooper-profile-president-2020-campaign-governor-226267
No chance, of course, but US political biographies tend to be far more appealing than ours.
So the running count is:
Start with defeat by 149:
31 Tory switchers and 1 switcher from absent (based on the most favourable reading of Buzzfeed/Speccie)
Gives defeat by 86.
There were 3 Labour supports, so I would imagine Dan Hodges means *another* 3 plus 10 abstentions
Gives defeat by 70
Does that include Raab and Trevelyan?