Parliament looks set to deliver Theresa May an humiliating defeat in today's vote in the House of Commons on her dogs dinner "EU Withdrawal Act" at around 6pm. Theresa May requires 320 MP's to vote for her deal to get it through the House of Commons, with the mainstream media consensus pointing towards Theresa May only being able to secure support from between 190 to 200 MP's.

However, don't be under any illusion that May's deal is anything other than complete GARBAGE, which gives the EU £39 billion for NOTHING In return! And then there is the 'backstop' or more accurately the 'backstab', a means to ensure that the UK can NEVER LEAVE the EU without the EU's permission! And where Northern Ireland is concerned it's simple, the EU gives the NI £380mln per year, whilst the UK government gives Northern Ireland a £11 billion block grant per year, so it does not take a genius to figure out on which side the bread is buttered!

Firstly, the following video charts how we got here from the triggering of Article 50 to the present crisis state, a trend trajectory that has put Britain literally on the path towards civil war!

What Happens After the Vote?

My long standing view is that Theresa May's days are numbered, so she should do the right thing which is to resign as she clearly has no control over her party let alone Parliament.

Meanwhile the media is reporting on a coup under away amongst the bulk of cross party REMAINER MP's attempting to take power away from Theresa May's government with the aim of subverting BrExit, the primary mechanism through which would be a so called "Peoples Vote", despite the fact that the EU referendum was a people's vote! With the people voting AGAINST Britains political establishment. Other mechanism is to re-write the EU withdrawal agreement to basically result in a "NO BrExit" Brexit outcome.

The bottom line is that the 80% REMAIN Parliament has done everything it can to PREVENT BREXIT FROM HAPPENING and thus a 2nd Referendum is highly probable which Britain's REMAIN establishment will ensure that REMAIN would WIN a second EU referendum by the way the referendum questions would be worded as illustrated by the Financial Times (FT) latest video titled "BrExit: how to hold a second referendum" :

And so their first objective will be to Kick the Brexit date down the road, until AFTER the 2nd Referendum is held.

Whilst my consistent view remains since Article 50 was triggered in March 2017 that Britain was on a trend trajectory to LEAVE the EU without an Exit Deal.

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Your Analyst

Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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