UK Tories use Brexit as an excuse to slash corporate taxes to the lowest of any major economy

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Nearly 2 weeks ago, 17 million Britons (mostly poor) voted to leave the EU in what amounted to a plebiscite on austerity, finance capitalism, and the widening gap between the increasingly wealthy and the increasingly poor. In response, the Conservative government says it will tempt corporations to come to the UK by making the rich get even richer and the poor even poorer. Read the rest

Nigel "Brexit" Farage, having tanked the UK economy, retires to "get his life back"

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Nigel Farage, a stock broker who spent years pretending to be a working class lad in a flat cap, has announced that he is quitting as leader of the United Kingdom Independence Party because now that he has "[his] country back" he wants to "get [his] life back." Read the rest

London luxury property prices plummet after Brexit vote

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A Russian home-buyer pulled out of a "agreed offer" of £6.95m for a six bedroom Kensington flat, now it's listed for £6.75m; a three-bedroom in Swiss Cottage is down to £1.05m from £1.5m; a £1.1m 2-bedroom in Whitechapel is now £720,000; a 2bm maisonette in Notting Hill fell from £1.59m to £1.35mk; a £1.3m 5br in St. Reatham is down to £850,000 and estate agents have mutually agreed to go back to calling it Streatham. Read the rest

Brexit, by a Serbian "fake Briton"

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I am a fake Briton: in elementary and high school, for twelve years of my education, I attended offshored British schools.

Post-Brexit, white-power handbills blanket a north London street

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Twitter user LDLDN posted this image of a racist National Front poster on a lamppost in Camden, a neighborhood in north London -- a relatively affluent, diverse neighborhood dominated by a giant subculture market, two huge train stations (St Pancras and King's Cross), a university, and the British Library. Read the rest

#Brexit pusher Boris Johnson drops his run to be next Prime Minister of Britain

Vote Leave campaign leader, Boris Johnson,  delivering his speech in London, Britain June 30, 2016. REUTERS/Toby Melville

It's been a day of “intrigue and betrayal” in UK politics, as the New York Times puts it. The man widely predicted to be a solid candidate as the next prime minister of Britain, Boris Johnson, says he won't run. This appears to be a response to today's unexpected news of a candidacy launch by Michael Gove, a key Boris ally in the Brexit campaign. It's hard to keep up, I know.

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Singaporean bank stops lending money to UK property speculators

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Singaporeans are the most prolific speculators on UK commercial property, and the United Overseas Bank is the most prolific lender to Singaporeans who want to speculate in that market -- and now they're turning off the faucet. Read the rest

Bernie Sanders on Brexit: urgent lessons for the Democrats

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In a powerful op-ed in the NYT, Bernie Sanders warns the Democratic Party that Brexit shows that many of the left's traditional supporters justifiably feel abandoned by the neoliberal establishments of the "progressive" parties, and will use any opportunity to show their displeasure. Read the rest

Electoral fraud: Trump sends fundraiser emails to foreign politicians

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US election law makes it a crime to knowingly solicit campaign funds from foreign nationals who do not have permanent residence in the USA. Read the rest

Rules for undercover cops, UK edition

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In 2012, a scandal erupted in the UK when it was revealed that undercover police officers infiltrated environmental groups, seduced and impregnated their members, and then abandoned them. Read the rest

Neoliberalism, Brexit (and Bernie)

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John Quiggin (previously) delivers some of the most salient commentary on the Brexit vote and how it fits in with Syriza, Podemos, Jeremy Corbyn, Bernie Sanders (etc) as well as Trump, French neo-fascists, and other hypernationalist movements. Read the rest

The Tory party

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By Happy Toast, from the B3ta Brexit Challenge. Read the rest

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Pete notes, "What is scary is how easy it was to make." (Thanks, Pete Smith!) Read the rest

Crowd boos Boris "Leave" Johnson as he leaves his home

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Old Etonian and former London Mayor Boris Johnson -- a kind of English Trump figure -- campaigned heavily for the Leave side in Brexit, making it a proxy war for his struggle to discredit his old school rival David Cameron and wrest control of the Tory party for his faction. Read the rest

The demographics of Brexit

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The Brexit vote wasn't mere xenophobia, it was self-destructive lashing out by people whom the political classes had written off for a generation. Read the rest

The morning after the Brexit vote, Nigel Farage admits money for the NHS was a lie

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In the runup to the Brexit vote, the "Leave" campaign repeatedly argued that the National Health Service could receive £350m/week in funds diverted from the money supposedly remitted by the UK to the EU (in reality, that number is radioactively false). Read the rest

Brexit: a timeline of the coming slow-motion car-crash

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Charlie Stross is in excellent form this morning about the likely outcomes from last night's Brexit vote, hitting all the highlights: collapse of the finance sector when Euro-denominated derivatives trades relocate to an EU state; collapse of the London property market (a big deal as 40% of the UK's national wealth is property in the southeast); sucession risks for Scotland and Northern Ireland; the increased legitimacy of the reactionary right and xenophobia and racism as the "shy UKIPpers" realise (or claim) that they were more numerous than they had believed. Read the rest

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