Theresa May Resigns

The long arm of Brexit has struck again as Prime Minister Theresa May has been forced to resign because she was unable to get her withdrawal agreement enough support from her own party and from Labour and the other parties to pass it through Parliament.Her apparent insistence on placating members of the Tory Eurosceptic wing made approval less likely. Her resignation was clearly an emotional event for Britain‘s second female prime minister and her supporters. It confirmed her dedication and years of service to the country was clearly sincere and  heartfelt .She faced an impossible task considering how divided the country and parliament are over Brexit given her negotiating style. But Brexit is a very difficult perhaps intractable question to resolve .

Indeed without a new election or a new decisive referendum based on all the new information that has been revealed by the last few years about the pros and cons of Brexit and more careful regulation of the possible foreign meddling that affected the last referendum and the role of Cambridge Analytica, its quite difficult to see how this question can be resolved. Boris Johnson‘s claim that if he were Prime Minister the United Kingdom would leave by October with or without an agreement is likely to come back to haunt him should he become the new Prime Minister.


About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.
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