Nomura “Brexit” Contingency Document in Full

Ambrose Evans Pritchard reports this lunchtime that Nomura have begun contingency planning for a possible British exit from the EU:

“The core point is that the eurozone may have to take drastic steps in integration (fiscal union, etc) to save the euro, making it nigh impossible for a fully sovereign state to remain part of the Project. In other words, it is not so much Britain leaving the EU as the EU leaving the treaty-based club of sovereign states it was supposed to be.”

The document was written by Alastair Newton – “an ex-British diplomat, former head to Tony Blair’s G7 team, and intelligence co-ordinator in the first Gulf War”. For some reason the Telegraph have not published the whole document so here it is:

With the Eurozone set to go tits up again in the autumn, that November by-election could prove very interesting…


Seen Elsewhere



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

George Freeman on Jeremy Corbyn’s Brexit Position:

“The Leader of the Opposition’s Position is crystal clear – he’s for Leave up north and Remain down south.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.