It is also understood that Mr Carney warned house prices could fall by up to 35 per cent over three years in a worst case scenario, an event that could cause the value of sterling to plummet and force the bank to push up interest rates Sputnik spoke to Diane James, MEP and Former UKIP Leader, about these comments and moreover Brexit.
Sputnik: Michael Gove has said today he was sure there would be a “solid vote” in parliament for Prime Minister Theresa May’s Brexit proposal. Is this true? Is likely that her Chequers deal will past comfortably?
That’s not to be said that the Tory whips will not be mobilized to such an extent that those who are so fervently proper Brexit, clean Brexit, Brexit as it should be.
They may well be corralled into ‘no you have to obey’, you’ve got to follow the party line’ and they will have no choice but to follow through, but I hope that doesn’t happen.
Diane James: No I don’t think she is. There is clearly a very big battle being played out in the public, by the press and the media, between those that are pro-remain and pro-remain prime minister, to those who wanted to leave and leave in the true sense of the word of what Brexit actually means and this is all being played out in the public.
The Prime Minister is not safe and not secure. If she was able to bring the whole of the tory party behind her with a deal that effectively every single individual could buy into; but when you have such defense in the ranks in terms of a real cohort who are unable to support the chequers deal – that really puts her position at risk and quite frankly puts at risk the position of the deal that she is presenting or trying to present as the best interest of the country and I don’t happen to agree with that either.
Sputnik: Will all this in mind; is a no deal still the most likely option for Brexit?
Everything about this project fear mark 2, mark 3, whatever you want to call it, is trying to sell the story that this Chequers deal, which is fundamentally flawed, should be the only deal on the table an everyone should buy into it – and that is where I have a real real problem.
It flies in the face of a statement made by the Prime Minister right at the beginning which is ‘no deal is better than a bad deal’. The deal that we have on the table at the moment, which being explored by various organizations that support leave and proper Brexit, they are all highlighting that it [Chequers] has serious flaws in terms of keeping us aligned to, tied to and controlled by the European Union; but in fact what it is nothing more than Brexit in name only and I think that it is a real fear that people should have.
The option still on the table and should be the option and that I think is nowhere near as bad as the remainers would like us to accept is that a no deal option, a hardline stance, is a far better option than one that keeps us under the control of the European Union such as the European Court of Justice, such as alignments to regulations that are quite frankly no long relevant to the UK but more importantly ensure that we cannot strike trade deals in what is truly a global economy.
Views and opinions expressed in this article are those of Diane James and do not necessarily reflect those of Sputnik.