Tag Archives | Economy

Unionists have to be nudged to talk, with the incentives of common citizenship and other common interests

Enda Kenny is surely right to be cautious about setting up an “all-Ireland forum” Better to have a “conversation” at least to start with in November.  Even so its ability to speak for all Ireland would be seriously weakened  by the absence of  unionists,  just as it would be counter- productive  for the unionists not more…

Brexit is not an alibi for inertia. Executive action within its own powers is needed on the economy

The Executive must take action within its own powers to counteract the slowdown effect of Brexit. That’s the consensus among economic commentators. But as yet there’s little sign of that happening. The begging bowl strategy was already failing and bluster against “ austerity “ will have declining impact. And with the replacement of inclusive multi-party more…

“Giving meaning to Brexit”

The best article I’ve read so far on the UK government’s approach to Brexit has been written by Andrew Tyrie MP,  the chairman of the Treasury Select Committee for the think tank Open Europe. Problems for preserving an open border are clear if the UK leaves the customs union. But without doing so the UK more…

Message for the divided politicians. Read the long list. This is what really matters over Brexit.

Divisions in the Executive and the Assembly contributed to the lack of  scenario planning for the referendum outcome and are inhibiting the development of a clear Brexit strategy. These are among the conclusions in  a comprehensive briefing paper prepared for the Centre for Peace Building and Democracy ( chair Lord Alderdice) by  Queen’s academics  Professor more…

Big effort is needed to avoid polarising Brexit along Orange and Green lines

Yesterday Theresa May made it clear that while the devolved administrations will be consulted the decisions on Brexit will be taken by the UK government.  The triggering of Article 50  will not require parliamentary consent and it will happen probably in January or February next year. A Norway-type deal  looks ruled out  because it  entails more…

Poor little Ireland is squeezed in the battle of the titans

The  basic foundation for the Celtic Tiger and the best hope for its revival? Or a scam that makes Ireland no better than tax haven? The day of reckoning may have arrived – subject to appeal.The Commission insists that they money must be used to pay down Irish debt anyway.  Ireland backs away from treating more…

Well Mairtin it’s a start!

 From the Irish Times. EU structural and investment projects in Northern Ireland signed before the British chancellor of the exchequer’s autumn statement will be guaranteed after Brexit, the Treasury in London has said. The current level of agricultural backing, which underpins the farming industry, will also be matched by the British government until 2020. Europe’s more…

Finance Minister says NI left out of Brexit negotiations: UK Gov won’t underwrite current EU funding for NI

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Talking at this morning’s Big Ideas: Festival of Economics at NICVA, Finance Minister Máirtín Ó Muilleoir indicated that Northern Ireland was being left out of post-Brexit decision making in London. He also felt it was likely the British Government would not underwrite the “half of” current EU INTERREG and PEACE funding, adding that he expected more…

A real Twelfth celebration. Three cautious cheers for Bombardier

And what about the effects of  Brexit?  The Irish Times takes forward the story reported by CBC Canada. Many thanks to Quebec, despite its secessionist tendencies.   The SWISS air flight on Friday also represents an important next stage of the C-Series journey that began for Northern Ireland at the Farnborough Air Show in the UK in 2008. Back more…

Westminster will find it hard to counter the Brexit case for Scottish independence

The UK Treasury chief who was at the heart of Project Fear during the Scottish independence referendum of 2014 is singing a different tune after the Brexit referendum. In an extraordinary article in the Financial Times (£)  summarised here,  Sir Nicholas McPherson sweeps away most of economic and financial problems associated with independence.. With the UK more…

US Consulate: “We anticipate that a US trade and investment delegation will visit Northern Ireland in the first half of 2017”

The Northern Ireland Secretary of State, Theresa Villiers, has, in effect, called ‘bullshit’ on Martin McGuinness‘ claim that a proposed US investment delegation to Northern Ireland has been postponed “directly as a result of the vote” in the UK-wide EU membership referendum. Unlike the Northern Ireland deputy First Minister, echoed by his party colleague, Conor Murphy, more…

Time for the Irish government to lay out their ideas on a “special status” for Northern Ireland

The chronic weaknesses of both governments hardly assists clear thinking over Brexit. On the other hand there seems to be a general willingness to minimise the damage e.g. over a hard border and trade. Whoever is the new British PM we cannot expect much departure from Theresa Villiers’s minimalist approach to coordination with the Republic. more…

Remain in Northern Ireland still looks on top. Will the DUP heave a sigh of relief if it wins?

The arguments continue right down to the wire. The referendum has cut across the unionist/nationalist divide and – (nothing unusual here) – has split unionism. What is rarer is the DUP’s failure to press home their traditional case with the traditional fervour, suggesting they have doubts about it themselves, as Stephen McCaffery argues in The Detail. Sammy more…

Brexit panic takes hold in Ireland

In just 250 words the Irish Times reports the scale of  Brexit panic in Ireland, north and south. Promising “a huge campaign all over the world”, an informed source said a strong campaign is needed in the US, China and India and elsewhere to drive home the message that Ireland is separate from the UK more…

We can already see a post-Brexit economy emerging. It’s grim.

Here’s a confusing financial press headline from today: German 10-year sovereign bond yields turn negative for first time. What does that mean in plain English: it means traders are so worried about what the UK economy would look like post-Brexit, they’re pulling their money out of the UK, and actually paying the German government to more…

Bilderberg 2016: “If I were a member of a technocratic elite that wanted its influence on public policy kept under wraps…”

It’s that time again!  The 64th Annual Bilderberg Meeting, “like a corporate cross between Santa Claus and a big friendly squid“, has just ended in Dresden, Germany.  Charlie Skelton was there again for the Guardian, and his post on Bilderberg 2016 is well worth reading in full.  It’s a “tickle under the chin of the more…

“‘New language’, my arse!”

At his Broken Elbow blog Ed Moloney has some fun with the same Detail report that Brian noted in his recent post – “another important waypoint in SF’s bewildering, extraordinary journey“. I have read this piece several times. It is based on a speech given by SF MEP Matt Carthy and no matter how I hold it – more…