The news that Theresa May has officially requested an extension to Article 50 until the end of June has been in the making since the European Court of Justice announced in December 2018 that the UK has the right to unilaterally revoke the article at any point prior to the UK leaving the EU.
In an article published at the time, I argued that the ECJ’s decision was designed to begin the process of the government legislating for a second referendum. To quickly summarise what has happened since, in the past three months the Brexit withdrawal agreement was rejected twice by the House of Commons, Theresa May survived a series of no confidence votes, parliament stated its opposition to both a no deal scenario and holding a second referendum before supporting an extension to Article 50, and finally speaker John Bercow announced that the government would only be allowed to put the Brexit withdrawal agreement to parliament again if it contained a ‘new‘ proposition.
Regular readers will know that since last year my position on Brexit has been consistent, in that I believe a no deal exit from the EU is the most likely outcome and that a ‘People’s Vote‘ could be used to facilitate this eventuality.
One explanation for why the Prime Minister has requested only a three month extension to Article 50 is that it would avoid the UK having to take part in upcoming EU parliamentary elections. Whilst this is possible, I do not think it is the primary reason.
Last week, Independent MP Sarah Wollaston tabled an amendment that called for Article 50 to be extended and for a second referendum on Brexit to be held. The amendment was comprehensively defeated, with the majority of the opposition Labour party abstaining from the vote. Elements of the party and The People’s Vote campaign went on record as saying that the timing of the amendment was too soon, and so as a result they did not rally behind it.
As with other supposed set backs to another vote, critics rounded on the news believing that the result killed off any prospect of another referendum from materialising. As I have stressed before, this interpretation is I believe premature.
On the same day as Wollaston’s defeated amendment, parliament voted by a majority to take no deal ‘off the table‘. But this was only in relation to the exit date of March 29th. It did not account for an extension of Article 50 and with that a new exit date.
It also needs to be stressed that the motions against a no deal and a second public vote were non-binding on the government. What neither did is definitively rule out the possibilities.
A month ago I wrote how on March 23rd a ‘Put it to the people‘ march is taking place in London that will call for a referendum on the government’s Brexit withdrawal agreement. With just a couple of days to go, the line from the European Union is that a request to extended Article 50 would only be granted by its 27 member states for a specific purpose. To extend in order to just give more time for negotiations on an non-negotiable deal would not be acceptable.
Tied in with this was House of Commons speaker John Bercow’s announcement that he would dismiss a motion for a third meaningful vote on the withdrawal agreement unless it was markedly different from what has already been rejected.
Asked by MP Geraint Davies if a meaningful vote would be ‘intrinsically different‘ if it included the provision for the final say going to a public vote, Bercow responded by saying that he would look at the specifics but would ultimately abide by the principle that the proposition should be ‘different‘ and ‘not the same or substantially the same‘.
In other words, Bercow has left open the possibility. It is highly unlikely that either he or the European Union would reject a proposal that would legislate for an act of ‘democracy‘.
With the last ‘People’s Vote‘ march this Saturday, it appears to now be designed to move sentiment in favour of a second referendum prior to the original exit day of March 29th. Potential evidence for this comes from EU Commission President Jean Claude Junker, who has strongly intimated that a decision on whether to grant an extension to Article 50 will not be taken until next week, which means after the referendum march. Assuming an extension is approved, the EU may then go on to state that it is a one time deal to accommodate a public vote and that it cannot be extended for a second time.
As for Theresa May’s proposal of extending Article 50 until June 30th, EU Council President Donald Tusk has said a short extension is possible but would be ‘conditional on a positive vote on the withdrawal agreement in the House of Commons‘.
Many parliamentarians who twice rejected the withdrawal agreement have indicated that they would support it a third time round if it included the proposition for the public to have the final say. This seems to be the direction of travel and the only way in which the deal would be accepted by the speaker as a new proposition.
Of more interest to me, though, is the motivation behind an extension to Article 50 that would only last until June 30th.
It was a few of weeks prior to Donald Trump securing the U.S. presidency that I first mentioned how when the 2016 EU referendum took place, it occurred at the same time central bank chiefs were gathering in Basel for the Bank for International Settlements annual conference. This is a conference that always takes place in the latter part of June.
At the start of January I raised the suggestion that a June referendum could become a reality. My suspicion is that if a second vote goes ahead, it would take the form of a streamlined campaign, one that would offer the public the options of supporting Theresa May’s deal (assuming it still stands), remaining in the EU or leaving on World Trade Organisation terms. This would mean a second referendum taking place in around twelve weeks time.
Should this be the case, then the vote would likely coincide with the movements of the BIS once more. And if my prediction of a no deal exit from the EU is proven correct, the economic fallout from this scenario would require close coordination between central banks, given that currency and equity markets would be heavily impacted.
What Brexit and Trump’s victory showed is that in the background key globalist institutions were convening. Perhaps it is not a coincidence that moves to extend Article 50 are coinciding with the EU Council Summit on March 21st and 22nd – the same two days where a meeting in Cambridge is scheduled between the BIS, the Bank of England, Cambridge University and the University of Basel. The topic? ‘New Economics of Exchange Rate Adjustment‘. The Bank of England and the Federal Reserve also meet this week to decide on interest rates.
If we assume a third meaningful vote goes ahead next week that included the provision for a second referendum, and that it passes with a majority, the motivation for extending Article 50 would then be clear.
Something else to consider is that under this scenario, those in parliament who want to remain in the EU would have to vote in support of leaving the union just so they can secure a referendum for which they would campaign to remain in the bloc. The sense of betrayal already felt by swathes of the electorate would only be heightened if they witnessed MP’s using the deal as nothing more than an opportunity to cancel Brexit altogether.
The next round of theatrics would be over the question on the ballot paper. Recall that in previous weeks the likes of Lord Kerr (author of Article 50 and a member of the Executive Committee of the Trilateral Commission), Chuka Umunna, founder of Best for Britain Gina Miller and ex Prime Minister Tony Blair have all raised the prospect of the ballot containing three options – one of which would be for a ‘hard‘ Brexit.
The popular consensus is that another referendum would offer just two options, to either leave with the negotiated deal or remain in the EU. This would eliminate from the campaign the possibility of a no deal Brexit, something which I have reasoned is beneficial to globalists as they would use it to scapegoat the vehicles of resurgent nationalism / protectionism as being responsible for a major impending economic downturn, but also as an opportunity to further centralise power.
For this reason, I expect a no deal option would be presented to the British public. As in 2016, opinion polls all point to the electorate wanting to remain in the EU. They were wrong then and I believe would be wrong again.
A new leave or ‘hard‘ Brexit campaign would play upon the desires of many to ‘take back control‘ of the United Kingdom from the ‘elites‘ and to talk up the prospects of the country, whereas a remain campaign runs the risk of being condescending to the public by pushing the narrative that they were conned the first time round, or worse were ignorant in their societal outlook.
In the middle would sit Theresa May’s withdrawal agreement. If indeed it was carried forward to a referendum, it is feasible that it would become a theatrical tug of war between hard ‘Brexiteers‘ and remainers to convert those minded to support the deal over to their side.
Growing public sentiment is that the establishment have been doing everything it can to overturn the first referendum result. Faith in politicians has never been lower than it is today. In such a febrile atmosphere, if you give voters the option of voicing their discontent through the ballot box, the chances are that they will deliver in kind.