UK Prime Minister Theresa May: Brexit & Change Are Coming (videos)

Theresa May: Speech to Conservative Party Conference 2016:

Navigating change in a turbulent world--UK Prime Minister Theresa May: Brexit & Change Are Coming--video published Oct 5, 2016.  The UK PM's closing speech at the Conservative party conference which included a strategic move to lure the working classes and make Britain a "fairer Britain." Speech Transcript (pdf).

Building a country that works for everyone:

Video above published Oct 5, 2016, by the Conservative Party (UK)--Domain: conservatives.com; Twitter handle: @Conservatives.

Tory civil war off the agenda:

A few months ago some were predicting the Conservative party would be thrown into civil war by the Brexit vote. Perhaps it would even have to split. The FT.com's Henry Mance reports from the Tory party conference about why that has not happened. Video published Oct 5, 2016.

City (London's financial centre) calls for clarity on Brexit:

Barclays’ John McFarlane, David Sproul of Deloitte and Ratesetter’s Rhydian Lewis express concern over future access to the EU's single market and skilled labor. Video published Oct 3, 2016. 


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Day After Brexit Vote Eurocrats Lost, Market Recovery, Path Forward

UPDATE June 30, 2016: London Stock Exchange benchmark FTSE100 still rocketing UP:

UPDATE June 29, 2016: Contrary to the "Chicken Little" reports from the media and establishment, the FTSE100, the benchmark index of the 100 largest companies listed on the London Stock Exchange (as measured by market capitalization) has completely recovered and is now higher than before the Brexit vote:

The London Stock Exchange FTSE100 Comes Roaring Back (source: google.com)

UPDATE June 26, 2016: Contrary to media reports following the Brexit vote, Reuters reports polling indicates Scots do not favor another referendum on separating from the UK. See also News Review: Brexit ... | DomainMondo.com (June 26, 2016):

"There is a lot more to come in this drama beyond just the voting results. It is now clear that Boris Johnson and David Cameron are "on the same page" and there will be no immediate trigger of Article 50. Instead, the clever British intend to use the leverage of their voter mandate to squeeze the EU aristocracy for concessions that will give the UK almost everything it wants, and a status no other country, in or out of the EU, now has."

Brexit does not make UK 'less European' says Boris Johnson:

Video above: Boris Johnson said Friday the UK vote to leave the EU gives Britons a 'glorious opportunity' to take control over its own taxes and borders. All UK politicians 'should thank British people' who 'did their job' dealing with one of the toughest questions of all time. The EU "was a noble idea for its time; it is no longer right for this country" said Johnson. Published June 24, 2016.

Brexit fallout? Britain will be fine, but the EU may have reason to worry: 

Ignore the noise, distraction, and hysterics of headlines and cable news. Here's a snapshot of what really happened the day after the Brexit vote:

Below is an email sent Friday (June 24, 2016) by the CEO of a major global company headquartered in London to all employees following the EU referendum vote in the UK on Thursday to withdraw from the European Union:

Dear Colleagues, I am writing to share some immediate thoughts in the light of the UK’s vote to leave the European Union. These are clearly uncertain times for the UK and for Europe. _____’s view throughout the campaign was that the UK was better off within the EU. Of course we fully respect the democratic decision that has been taken and, for _____, we will now focus on forging a successful path in a new context. _____ is in a strong position. More than half of our revenues are from the US, in dollars. We have a solid balance sheet with low debt, and this will enable us to weather uncertainties. Although we care deeply about the UK, we are the world’s _____ company. We will continue to be advocates for a world that is more open and connected. It is vital that the UK’s world class universities should continue to attract the brightest young people from around the world to enrich our _____ community. For now, the important thing for us all is to stay focused on our business and our customers. We will take our time and work through every implication of our business and our growth. We will also will play our part in helping maintain the outward-looking United Kingdom and globally connected _____ community that are in the interests of us all. (emphasis added)

Markets' reactions (from Thursday close to Friday close--see charts below):
FTSE100 (UK): -2.71%
SP500 (US): -3.58%
DAX (Germany): -6.69%
CAC40 (France): -7.85%

Clockwise: Benchmark Stock Market Indexes for UK (FTSE100), France (CAC40), Germany (DAX) and US (S&P500)
Week of June 20-24, 2016 (source: google.com)

Clearly, the French and German markets took a much harder tumble, while the markets in London showed resilience and recovery by the end of the market close on Friday. Investors have reason to worry about the European Union (EU). The EU has a lot of problems that will only be worse without the UK--problems that are not going to go away--long-term economic decline, aging populations, fiscal and monetary issues and economic imbalances caused by the single currency (euro), and a continuing refugee crisis. Is it any wonder that Switzerland formally withdrew its long-dormant application to become a member of the EU last week? Haughty Eurocrats may regret their undermining David Cameron's campaign to "Remain."

Much is yet to be done, and as economist Martin Wolf says in the video below, Britain, the world's 5th biggest economy, is the most important market for the Eurozone. As for Wolf's reference to the "consequences of uncertainty," remember what Warren Buffett says:

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.”

Note accordingly, Martin Wolf's reference to investors snatching up assets in the UK:

Video above published by FT.com on June 24, 2016 - Brexit: Economist Martin Wolf  - economic forecast | FT Comment.

See also on Domain Mondo:

• Brexit Vote Results LIVE, UK Votes to Leave EU, What Happens Next?
• Brexit: Will UK Vote to Leave or Remain in the European Union? (video)
• Brexit: EU Referendum Was A Terrible Mistake by David Cameron (video)

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Will the UK Leave the EU? Brexit Is More Likely Than You Think (video)

Brexit Is More Likely Than You Think:

Brexit (United Kingdom withdrawal from the European Union) is more likely than you think: Gideon Rachman, chief foreign affairs columnist, tells Frederick Studemann, FT.com comment and analysis editor, why he believes the chances of a vote to leave the EU in June’s referendum are growing. FT Comment published March 21, 2016.

The EU Referendum Vote in the UK will occur June 23, 2016. 

Domain name of leading organization in movement to leave the EU: voteleavetakecontrol.org

The Campaign - Vote Leave: "Why are we campaigning for 'leave'? Technological and economic forces are changing the world fast. EU institutions cannot cope. We have lost control of vital policies. This is damaging. We need a new relationship. What happens if we vote 'leave'? We should negotiate a new UK-EU deal based on free trade and friendly cooperation. We end the supremacy of EU law. We regain control. We stop sending £350 million every week to Brussels and instead spend it on our priorities, like the NHS and science research. We regain our seats on international institutions like the World Trade Organisation so we are a more influential force for free trade and international cooperation. A vote to 'leave' and a better, friendlier relationship with the EU is much safer than giving Brussels more power and money every year."

See also: 

• British EU exit campaign backed by 250 business leaders | Reuters
• Brexit Campaign Gets Unexpected Boost | Seeking Alpha: "... The probability of a British exit from the EU keeps rising ..."
• The Washington Post: "The European Union (E.U.) is facing its most serious economic crisis since the first steps towards European integration in the 1950s ...."
• The EU’s deepening crisis and the problem with Germany’s leadership | European Public Affairs: "The EU has now been in permanent crisis mode for almost a decade ... rattled by the combination of the lingering sovereign debt crisis in the eurozone and the emergence of a mounting refugee crisis since last summer ..."

A Brexit would impact not only Europe and the UK, but would possibly have ramifications for global markets. Even U.S. Presidential candidate for GOP nomination, Donald J. Trump, was asked about the Brexit vote in a British TV interview with Piers Morgan (emphasis and link added):

"Mr. Trump promised to strengthen the ‘special relationship’ between the US and UK if he is elected President in November. Asked if now was the right time for Britain to quit the EU, Mr Trump said: 'Yes, my mother was born, as you know in Scotland, in Stornoway, and she loved Scotland. 'She loved it more than anything, she'd go back every year religiously with my sisters and just had a great feeling for it and a great love for the people of Scotland and I think that Britain will separate from the EU. I think maybe it's time, especially in light of what's happened, with the craziness that's going on with the migration, with people pouring in all over the place. I think that Britain will end up separating from the EU, that's my opinion. 'I'm not endorsing it one way or the other but that's my opinion. I think a lot of people want to see that happen.'" (source: Daily Mail, emphasis added).

To many Americans a Brexit sounds like the U.S. leaving NAFTA, even though the EU is a political and economic union with trade benefits, not just a Free Trade Zone. On the other hand, something such as Scotland seceding from the U.K., is anathema to many Americans whose Civil War accounted for more American deaths than all other U.S. wars combined, and settled forever, among other things, the question of State secession--the U.S. Supreme Court subsequently ruling in Texas v. White (1869), the United States of America "an indestructible Union, composed of indestructible States"--

"When, therefore, Texas became one of the United States, she entered into an indissoluble relation. All the obligations of perpetual union, and all the guaranties of republican government in the Union, attached at once to the State. The act which consummated her admission into the Union was something more than a compact; it was the incorporation of a new member into the political body. And it was final. The union between Texas and the other States was as complete, as perpetual, and as indissoluble as the union between the original States. There was no place for reconsideration or revocation, except through revolution or through consent of the States." --Texas v. White, supra.

Brexit twitter feed:
Tweets about #Brexit OR Brexit


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