mandag den 26. juni 2017

Mellon on the Markets: The times they are a changin’

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DAILY BULLETIN
Monday 26 June 2017
Mellon on the Markets: The times they are a changin'
by Jim Mellon | Economics 6 mins. to read
Mellon
I was recently invited to a Conservative Party lunch hosted by the City and Westminster Tory Association. It was a jolly affair, with hundreds of well-oiled attendees, and despite the recent electoral setback, the mood appeared quite upbeat.

Mrs May, to her credit given the recent events, made a formulaic speech that was well received, despite the fact that it was a riff on the strong and stable campaign speeches (but with stable and strong being the new inverted word flourish!).

But of course, everyone knows she's on the way out – the only question is: When? And who will succeed her? It's interesting watching Conservatives at work – they really are a ruthless bunch. They do smile while they're knifing you in the back, which is a consolation.

It's pretty clear to me that the successor will be David Davis, with Boris running a couple of lengths behind. I've met Davis, and think quite highly of him; he's a pragmatic fellow, and despite being an ardent Brexiteer, seems to get on well with the Eurocracy, being of a similar vintage to the leaders of the Brussels empire.

 
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