Hammond to Attack No-Deal Brexit 'Hijack'!

Hammond to Attack No-Deal Brexit 'Hijack'!



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The Chancellor, Philip Hammond is set to make a speech at a CBI dinner tonight, where he is expected to say that supporters of a no-deal Brexit are trying to hijack the referendum result.

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Philip Hammond will be taking a firm swipe at the supporters of a no deal Brexit amongst his fellow Tory MPs when he gives his speech tonight at the CBI annual dinner in The Brewery in London.

In his speech he is expected to warn that his party should not copy the populist right in claiming that a WTO Brexit was the only ‘truly legitimate Brexit’.

He will also say that unless the Brexit issue is resolved soon, the country could end up with a new PM leading the country towards a what Hammond calls a damaging no deal exit for ‘ideological’ reasons.

He will also say that “all the preparation in the world” will not avoid the consequences of a no deal Brexit.

As I outlined in a video yesterday, the majority of Tory MPs are Remainers and they will love this rhetoric.

Hammond is doing his best to get a Remainer, probably him, into Number Ten.

Moving on. After telling everyone he would vote for the Lib Dems in this Thursday’s EU elections, arch Tory Remainer Lord Heseltine, has had the Conservative whip removed says the BBC.

Now a few thoughts on British Steel. Much is being made of the Brexit angle and some make it look like Brexit uncertainty has caused all the company’s woes.

The Company says it needs a big cash injection to stay afloat to address what it calls ‘Brexit related issues’.

Crucially 4,000 jobs jobs are directly affected and another 20,000 supply chain jobs are also at risk.

I have to say that I’m no commodities expert but I have tried my best to dig out some relevant information.

Now, the connection with Brexit uncertainty is that, last year, the EU Commission temporarily suspended UK carbon credit processes ahead of Brexit. This led to British Steel having to buy these credits on the open markets leading to a need for an emergency loan from the government.

There is a bit of a glut on the world’s steel markets so prices are depressed and the OECD points out that there are more steel works planned across the globe and says that:

“Should these projects be realised, global steelmaking capacity could increase by 4-5 percent between 2019 and 2021, in the absence of closures.”

Then there’s the raw materials involved.

The UK imports the coal and the iron ore that is used to produce steel.

The price of iron ore has increased worldwide by about 44% since the end of 2018 and, according to the Financial Review, prices could stay elevated well into next year.

And some of this has been driven by a mining tragedy in Brazil when a dam collapsed killing 300 people and flooding a mine.

This, says Patrick Commins of Financial review:

“…ultimately ripped 93 million tonnes from seaborne iron ore supply, or about 6 per cent of the total market. Unsurprisingly, prices for the bulk commodity jumped from about $US75 a tonne to above $US90.”

But, overall it looks to me like a combination of increased raw materials prices, high UK energy prices and low prices for goods produced, coupled with an unforeseen cost to purchase carbon credits to maintain operations have all contributed.

As I said I’m no expert and I don’t know how much the company hedged against this sort of thing happening, but it looks like British Steel has been hit by a perfect storm of adverse events. And the Brexit bit was caused by the actions of the EU Commission.

The end result could be that British Steel goes into administration in the next 24 to 48 hours, which will hit workers and their families the hardest.

#Brexit

#BritishSteel

#NoDealBrexit

Sources:

FT: British Steel collapse fears spark scrutiny of owners Greybull

hello there the Chancellor Philip Hammond is set to make a speech at a CBI dinner tonight where he is expected to say that supporters of a No Deal brexit are trying to hijack the referendum result Philip Hammond will be taking a firm swipe at the supporters of a No Deal brexit amongst his fellow Tory MPs when he gives his speech tonight at the CBI annual dinner in the brewery in London in his speech he is expected to warn that his party should not copy the populist right in claiming that a WTO brexit was the only truly legitimate brexit he will also say that unless the brexit issue is resolved soon the UK could end up with a new PM leading the country towards what Hammond calls a damaging No Deal exit for ideological reasons he will also say that all the preparations in the world will not avoid the consequences of a No Deal brexit according to reports he will say on the populist right there are those who now claim that the only outcome that counts as a truly legitimate brexit is to leave with No Deal let me remind them the 2016 leave campaign was clear that we would leave with a deal so to advocate for No Deal is to hijack the result of the referendum and in doing so knowingly to inflict damage on our economy and our living standards as I outlined in a video yesterday the majority of Tory MPs are remainders and they will love this rhetoric Hammond is doing his best to get a remain err probably him in to number 10 and we all know in which direction he would take the country don't we moving on after telling everyone he would vote for the Lib Dems in this Thursday's EU elections arch Tory remainer Lord Hesseltine has had the Conservative whip removed says the BBC and a Tory party spokesperson said as a result the Chief Whip the House of Lords has informed Lord Heseltine that he will have the conservative whip suspended this will be reviewed if he is willing to support conservative candidates at future elections but according to Jonathan is a be writing in the brexit central Lord Heseltine has not been thrown out of the party despite earlier warnings that such action was incompatible with Tory party membership they do need to keep every member they can don't they now a few thoughts on British steel much is being made of the brexit angle and some make it look like brexit uncertainty has caused all the company's woes the company says it needs a big cash injection to stay afloat to address what it calls brexit related issues crucially 4,000 jobs are directly affected and another 20,000 supply chain jobs are also at risk but this whole brexit bit did not totally stack up with me so I did a bit of research I have to say that I know commodities experts but I have tried my best to dig out some relevant information now the connection with brexit uncertainty is that last year the EU Commission temporarily suspended UK carbon credit processes ahead of brexit this led to British steel having to buy these credits on the open markets leading to a need for an emergency loan from the government but the FT says that some are questioning the need for that emergency loan as a huge investment package had already been put together for British steel by its investors and the FT also says that British steel pushed ahead with investing 40 million pounds in the French steel producer asked eval at the same time as begging for a UK government bailout however there are also other factors at play here there is a bit of a glut on the world steel markets so prices are depressed and the OECD points out that there are more steel works planned across the globe and says that should these projects be realised global steelmaking capacity could increase by 4 to 5 five percent between 2019 and 2021 in the absence of closures then there's the raw materials involved the UK imports the coal and of the iron ore that is used to produce steel the price of iron ore has increased worldwide by about 44 percent since the end of 2018 and according to the Financial Review prices could stay elevated well into next year and some of this has been driven by a mining tragedy in Brazil where a dam collapsed killing 300 people and flooding an iron ore mine this says Patrick Cummins of the Financial Review ultimately ripped 93 million tonnes from Seabourn iron ore supply or about six percent of the total market unsurprisingly prices for the bulk commodity jumped above that seventy five US dollars a ton to above ninety dollars but to offset some of this is the level of sterling and on this the House of Commons library briefing paper on the UK steel industry says a lower pound makes steel made in the UK cheaper to foreign buyers potentially boosting demand for UK steel however a lower pound makes imports more expensive meaning imported coal and iron ore used in the production process in some of Tatas UK operations will cost more the higher cost of imports will also make imported steel more expensive to UK buyers potentially lowering demand for foreign made steel and increasing demand for steel made in the UK but overall it looks to me like a combination of increased raw materials prices high UK energy prices and low prices for goods produced coupled with an unforeseen cost to purchase carbon credits to maintain operations have all contributed as I said I'm no expert and I don't know how much the company hedged against this sort of thing happening but it looks like British Steel has been hit by a perfect storm of adverse events and the brexit bit was caused by the actions of the EU Commission the result could be the British steel goes into administration in the next 24 to 48 hours which will hit workers and their families the hardest anyway what do you think please share and comment and thank you for watching please do like and share this video and also subscribe to my channel and when subscribing please do remember to press on the little bell next to the subscribe button that way you're getting alert every single time I put up a new video 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41 thoughts on “Hammond to Attack No-Deal Brexit 'Hijack'!”

  1. HAMMOND THE pig !!! SAYING THAT THE GOVERNMENT IS TRYING TOO
    HIGHJACT !!!! BREXIT!! WHAT A LOT OF CRAP THIS IS.BUT WHAT CAN WE EXPECT FROM A STINKING TRAITOR like HAMMOND!!!!!!.

  2. That's rich saying brexiteers are hijacking the referendum. What planet is he on.must be different to ours. All he and the rest of them have done since day one is thwart the will of the people

  3. We have a deal. It's we leave the Customs Union .We leave the Single Market. We leave the Open Borders no free movement.Regain our Agriculture and Fishing Rights.No hard border for NI N UK and no hard border BTW NI and Southern Ireland. No European Courts. No paying any more billions in money to EU as stated by none other than our PM Theresa May on the 7th July 2018.Thats the deal.BLOODY WELL STICK TO IT.Its not hard. LEAVE MEANS LEAVE NOW FULFILL YOUR PROMISE TO THE PEOPLE OF THIS GREAT COUNTRY.

  4. He needs to be kicked out of his job. I hope we do leave on a NO DEAL. THERE WAS NOTHING SAID ABOUT LEAVING ON A DEAL WHEN WE VOTEd To LEAVE. I HOPE WHOEVER GETS IN SACKS HIM AND PUTS IN A BREXITEER TO DO AN HONEST JOB.

  5. Hammond must go, now that the traitor May has been ousted. If he will not go we must force him out, along with the other traitor Rudd. We are all aware that if Boris don’t get rid of Hammond and Rudd, things will not go well with his attempt to become the next PM. We must have a Brexit Cabinet, or Jonson will not get what he wants from the people of this country.

  6. “For ideological reasons”
    An odd turn of phrase considering it is because of an incompatible ideology that people of all countries of Europe are turning against the lunacy of the EU!

  7. Happy Hammond is a traitor and we the people demand a NO, deal Brexit. It is clear that Happy Hammond should get back to dancing for money for his organ grinder!! Hammond is utter scum! The 2016 referendum had nothing to do with getting a DEAL!

  8. Will be hysterical if the Tories put him in no 10. I can only imagine how soon an election would be forced on them and how devastated they will be. GE results as bad as European elections. Their only chance at existing as a force in politics for at least a generation is to remove him and his ilk.

  9. What the heck does he know – the most unimaginative, charismatically challenged Chancellor of the Exchequer this Country has ever had. He can follow his darling Mrs May and the rest of the treacherous Tories into political oblivion.

  10. Hammond lying through his teeth . The EU happy to blackmail the UK and put at risk our steel workers jobs .Why don't we re-nationalize our steel industry , or is that to far right ? .

  11. Brexit is an act of absolute stupidly!!!! Wait till the U.K finally leaves and peoples job leave too!!! Then it will be god what have we done! Only ourselves to blame. Of course the elites don't give a shit, won't affect them. Your all idiots!!! And will get what's coming to you. Fools!!

  12. Hammond is a grey faced remoaner who looks like he has never laughed at a joke ever…..!! I am not sure he has any actual blood in him… Would someone please check to see if he gives a reflection in a mirror…

  13. Brexit is Biblical prophesy being fulfilled. Britain (Biblically known as Tarshish) WILL leave the EU! Whether you are a believer or not, Bible prophesy is being fulfilled. There's plenty of information on this subject widely available on youtube if you are seriously interested in knowing why Brexit is happening at all! Know your history Britain (and no not the version spouted by academics from Oxford and Cambridge who are paid to mislead you)!
    BRITAIN (Hebrew root: Beret = covenant; ish = people; British = people of the covenant) is the land where the lost/scattered tribes of Israel currently abide. Saxons = Sons of Issac; Cymru (the Welsh/Wales) = Khumri (Assyrian for Beth Omri, the House of Omri who was king of Israel at the time of their exile from Israel); Hibernia ( Classical Latin name for the island of Ireland) = derived from Iber/Eber (meaning Hebrew). The Celtic settlers of Britain and Ireland referred to themselves as "Hiberi" or "Iberi" (Hebrews). Here are just a few examples of place names deriving from the same root: Hibernia: name for Ireland. Iberni in southwest Ireland. Ibnerni Ocean east of Ireland. Hebrides: islands off the northwest coast of Scotland, a Celtic region. Menasseh ben Israel spoke of an early Hebrew inscription having been discovered on the Hebrides. Eboracum: A Celtic name for the city of York in north England.

  14. The first lock is the transition period, which lasts until at least 2021. We must
    hand over an estimated £39 billion for nothing, be bound by EU law and take
    orders from an unelected Joint Committee operating under the jurisdiction of the European Court of Justice. Will the EU27 agree an equitable free trade agreement before the end of 2020? Unlikely, since all the goodies they want in the “future partnership” are set out in the Northern Ireland backstop, which kicks in automatically on 1st January 2021 unless superseded by a
    partnership” agreement. Full ratification by all Member States is required
    before any such agreement can come into force. Achieving this in time to avoid
    entering the backstop would be nothing short of miraculous, even if the EU
    agrees to extend the transition period for one or two years. So it is more pay
    with no say and a likely doubling of the Brexit bill to £80 billion, to be paid with
    no reference to British MPs.Not only does the backstop carve out Northern Ireland a an EU province and set a border in the Irish Sea, it creates a partial “customs union" that requires us to implement EU trade tariffs and with no decision making powers.
    Under highly restrictive “non-regression clauses”. the UK also agrees to
    implement all EU emimnmental. competition, state aid and tax harmonisation laws, with the unelected Joint Committee and the ECJ once again able to punish us for any perceived backsliding. British farmers will be locked into a subsidy regime well below support received by EU27 farmers , who nevertheless
    retain tariff-free access to the UK. British agriculture would be decimnted. It
    means we could not support British businesses, give ourselves a competitive edge in new technologies where we excel. strike independent trade deals or diverge in key policy areas Such as good regulatory and tax Free EU access to UK fisheries to sit down as a marker for negotiation future “deal”
    The Political Declaration replicates all the onerous “non-regression” clauses of
    the backstop and requires even more surrender of sovereignty via participation in and funding of the EU’s aerospace and defence programmes, free access to UK waters for EU fishermen, a full customs union and common trade policy, free movement by the backdoor under “mobility” clauses, EU control of UK agriculture via the state aid rules and in general full adherence to the acquis communautaire in all policy areas.

  15. Hammond is a self-serving disgrace. He always manages to say the wrong (deluded) nonsense at the wrong time so as to cause the most damage. Someone must be paying him rather a lot! And that woman is still there – unbelievable😱🤪

  16. Poor soul, you have to feel sorry for Mr Hammond, obviously in denial, let me try – Mr Hammond, are you listening ? The UK voted with a clear majority to leave the EU. There was no hijacking, no conspiracy, no false accounting just a clear mandate to leave the EU asap. If you are able to understand what I am saying you might like to remind your colleagues that they are supposed to represent their constituents wishes not look after their own personal agenda's..

  17. Mr. Taylor:

    Mr. Hammond and the rest that are members of the traitor-appeaser hornet nest is wrong! There is no other way: Brexit with WTO terms, Irexit with WTO terms, Grexit with WTO terms and others. Mr. Hammond is nothing more than a major cog of the EU Propaganda Machine!

    Mr. Taylor, my sincere congratulations from an Irish-American and I wish you good luck! What PM May did in stopping planing for Brexit with no deal this is a disgraceful act of appeasement that dwarfs the Munich Appeasement. Even me as Irish-American is disgusted by this treasonous act by the appeasing PM May! IT IS DISGRACEFUL! WHERE ARE THE CHURCHILLS? I hope you can get success and honor PM Churchill and all those Britons, Irish, Americans, Indians and other commonwealth people who defended freedom in both WWI and WWII. Halting EU Brexit with no deal planing is depicting how weak is the will of the British government to oppose and resist the undemocratic EU Prison! This is nothing that short of the surrender mentality that is dominating Westminster!

    There is a reason why the “Spirit of Appeasement” is hovering in Westminster and the minds of the Remainders! The answer is simple, but because of its simplicity, many people will reject it and perhaps laugh at this comment. I would not be surprised if people called me stupid, ignorant, and old fashion! In all the Western nations and Israel we are collectively put God and His divine Commandments out of our lives, and we came up with the notion that we are “too smart” for these old-fashioned ideas! Now let's ask the following question:

    What are the consequences that we have put God out of our lives? The answer is the decay of the family unit!

    The essential prerequisite for a healthy nation is to have a strong and disciplined traditional family with a father, mother, and disciplined and well-behaved children! A family with strong moral values is like a healthy cell in our human body. When the collection of our cells in a human body are healthy, then we humans are healthy. A body that has sick and cancerous cells, finally, will die. We can use this analogy with nations. A collection of functional and well-behaved families results in a powerful country that has vision and future.

    A collection of strong families make a strong nation that is willing to reject tyranny, oppression, evil, etc. The UK, the US, Israel, and others were such nations in the past. The history of our countries has proven this fact. The UK and the US in the past century stood up to both German Second and Third Reich and saved the world from barbarism. Now what we are witnessing in the Western nations that the “Spirit of Appeasement” is alive! We need to ask why?

    The answer is that most of our families are dysfunctional and weak. In our nations, we are inventing “new morality,” “new sexes,” and “new ideas” that contradict God's values! One of the consequences of such weakness is the fact that we forget the history of our nations, and we are very susceptible to believe a revised and untrue version of our history. Here is what one of the most prominent authors, historians, military mind, and wartime Prime Minister Winston Churchill said:

    “A nation that forgets its past has no future.”

    As an Irish-American, I recall the fact that PM Winston Churchill opposed the freedom of our beautiful island Ireland when he was a Home Secretary! I cannot forget this fact, but I remember the fact that PM Winston Churchill atoned himself when he alone stood to Adolf Hitler's Third Reich alone for two years. In many Irish minds like mind, he atoned himself for his brave and courageous leadership and became one of the “fathers” of the allied victory against the Third Reich in WWII!

    It seems that PM May and many Westminster appeasers have forgotten British history and do not dare to stand up to the EU Prison Wardens and bullies who once again want to dominate the world.

    The EU Prison Wardens learned their lessons from history. These undemocratic individuals do not scream and make threatening statements like Adolf Hitler did. These fascist minded individuals even evolve the art of appeasement so that it is not apparent to the victims of appeasement. It is all part of a big deception. PM May cannot see through the “fog” and deception the EU Prison Wardens are generating, and she is now breaking all records of appeasement. Indeed, she will have the distinction of becoming “THE APPEASEMENT QUEEN OF THE 21 CENTURY!” with her infamous assistance like Mr. Hammond. It is imperative that the Brexiteers do not allow her to get away with her appeasement the EU Prison.

    The EU Wardens had created a new concept of colonialism, and that is Economic Colonialism and Imperialism They want the EU to be chained into the EU Prison treaties so that the British government cannot formulate their trade deals with other nations including the United States. It is a very effective way for the fascist EU Prison Wardens to keep the UK competitive, while the EU Prison that is dominated by Germany will have a competitive advantage. What is tragic is the fact that the EU Prison has a lot more to lose if the UK Brexit with no deal as it should than what the UK itself. The EU Prison Wardens who are operators of the EU Prison Propaganda Machine that its origins go back to the infamous Nazi Propaganda machine have successfully managed to deceive the British public through lies, deceits and scaremongering that their lives will be devastated without the EU. Even PM May is tricked by the EU Prison Wardens, and she calls the EU Prison Wardens' diktat a deal that will live in infamy in the annals of the history of appeasement. It is noteworthy to study how successful the fascist leadership of the EU is when it comes to Greece!

    Here are articles that Mr. Rodney Atkinson depicts how efficiently the EU Prison Wardens are destroying their lives to member nations that are shackled in the EU Prison. These “gentleman” want to do the same with the UK, Ireland, Italy, etc.! Mr. Rodney Atkinson has dedicated his entire life to exposing the rotten heart of the EU Prison and the fact that is an institution conceived by “visionaries” of the Third Reich in case the Third Reich loses WWII. Mr. Atkinson also exposes the fact that some “Founding Fathers” of the EU Prison were Nazi Party card-carrying members during the infamous twelve-year period that the Third Reich was existing in his freenations.net. Here are the articles:

    GERMANY PROFITS-AS-GREECE COLLAPSES
    Link: http://freenations.net/germany-profits-as-greece-collapses/

    GERMAN-EUROPE-GREEK CITIZENS-COMMIT SUICIDE
    Link: http://freenations.net/german-europes-greek-citizens-commit-suicide/

    EURO MORE POWERFUL THAN WAR: DEBTS MORE POWERFUL THAN ARMIES
    LINK: http://freenations.net/euro-more-powerful-than-war-debts-more-powerful-than-armies/

    Another outstanding source that exposes what the EU Prison is all about is the blog of Mrs. Melanie Phillips. Here is the site: melaniephillps.com. Her latest eye-opening article is:

    THE ONLY WAY TO END THIS ABUSE OF POWER: REPLACE MRS MAY BY A PM COMMITTED TO NO-DEAL!

    Let's not forget what the unsavory EU Prison Wardens did and are doing to our Greek brothers and sisters. The number of economic assisted suicides tells the horror story of the imperialism and colonialism of the Fourth Reich (EU). Here I want to share some articles written by Mr. Rodney Atkinson of freenations.net.

    CHARLEMAGNE — A NAZI PRIZE NAMED AFTER A MURDEROUS IMPERIALIST
    LINK http://freenations.net/charlemagne-a-nazi-prize-named-after-a-murderous-imperialist/

    REMAINERS, “LIBERALS” AND BIG BUSINESS BETRAY THEIR FASCISM
    Link: http://freenations.net/remainers-liberals-and-big-business-betray-their-fascism/

    HOW THE FASCIST EU PERSECUTED WHISTLEBLOWERS:
    LINK: http://freenations.net/how-the-fascist-eu-persecuted-whistleblowers/

    NEURALLY UNDERDEVELOPED REMAINERS ARE DYING OUT: THE FUTURE IS LEAVE
    LINK: http://freenations.net/neurally-underdeveloped-remainers-are-dying-out-the-future-is-leave/

  18. What I find strange with Hammond is that he Huff's and puffs like Osbourne,but their is very little substance to his claims,no detail only words,he must think he's important.in fact he is the one who's actually damaging our economy by insisting disaster if we leave.imagine being an investor on the verge of putting money in and this prick,is making them nervous.lets get rid of the lot of them.

  19. You voted to trigger article 50 if you didn’t read it before that’s your problem You people (MPs) I cannot print my thought on here I cannot believe how low you go

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