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April 26, 2019 | Brexit Update: Less Than Half of UK, Italy, Czech Republic Wish to Remain in EU

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Although less than half of the UK wants to stay in the EU, there is still no majority for any particular outcome.

The latest polls show Less than half of Britons would back staying in EU. However, there is still no majority for anything.

  • The Eurobarometer survey on public opinion found that 45 percent of Brits would vote to stay in the EU. 37 percent would vote to leave and 18 percent are undecided, according to the survey.
  • The EU-wide poll found that seven out of ten Europeans would vote to remain if a Brexit-style referendum was held in their country.
  • But in Italy and the Czech Republic, there is no majority in favour of Remain with just 49 percent and 47 percent of voters supporting EU membership.
  • 24 percent of Czech and 19 percent of Italian voters would vote to leave with 29 percent and 32 percent undecided, according to the poll.
  • The most “Remain” EU countries were the Netherlands (86 percent), Ireland and Luxembourg (both 83 percent), the Swedes (81 percent) and the Germans (80 percent).

Fearmongering

Fearmongering is the primary reason there is no outright majority to simply walk away.

Fabricated horror stories by misguided remainers about pets, food, prices, and travel have people on edge.

Scotland

Scotland is the second major reason there is no outright majority to walk away. The Scots voted overwhelmingly to remain. They also voted to remain in the UK.

Scottish First Minister, Nicola Sturgeon, an avid Remainer, wants a second referendum supporting Scotland exiting the UK.

Ironies Galore

Theresa May responded: “As we have been repeatedly clear, Scotland already had an independence referendum in 2014, and voted decisively to stay. Both sides need to respect the result of that referendum.

Respect the Referendum! Yes, indeed.

Confusion Remains

Meanwhile, the Tory leadership committee asked Theresa May to Clarify When She Will Stand Down.

Don’t expect any answers.

Don’t expect Labour leader Jeremy Corbyn and Theresa May to work out their differences either, at least until after the EU parliament elections. Corbyn wants to bide time until he can force a UK election.

Yesterday, Theresa May dropped plans to bring yet another “meaningful vote” on the withdrawal agreement bill to the Commons next week. There is no support for anything including another referendum.

Theresa May gets the blame for not delivering Brexit.

Mike “Mish” Shedlock

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April 26th, 2019

Posted In: Mish Talk

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