The headlines go from bad to worse for the UK and EU establishment as yet another new poll this weekend, by Opinium, shows“Brexit” leading by a remarkable 19 points (52% chose to leave the EU against 33% choosing to keep the status quo). This result comes after 2 polls Friday night showing a 10-point lead for “leave” which sparked anxiety across markets.
This surge in “leave” probability comes despite an additional 1.5 million voters having registered this week (which many expected to increase “remain” support). Further anger towards EU was exposed when former cabinet minister Iain Duncan Smith warned thatseven new prisons will need to be built in the UK by 2030 to cope with the rising number of migrant criminals (presumedly due to ‘staying’ in the EU). With market anxiety rising, as One River’s CIO notes, if Brexit happens, gold will soar.
A NEW poll has given those wishing to leave the EU a remarkable 19-POINT lead over Remain. As The Express reports,
The Opinium Poll, commissioned by the Brexit-backing Bruges Group think tank, is further evidence that the Leave camp is gaining support and delivers the biggest margin of victory for Brexit so far, after giving voters the option of a choice of free trade agreements with the EU.
It found 52 per cent chose to leave the EU, with only 33 per cent choosing to keep the status quo.
Despite there being less than two weeks before the crucial referendum, on June 23, a further 15 per cent said they still didn’t know.
Of those who voted to leave the majority, 39 per cent, said that Britain should have some sort of Free Trade Agreement with the EU, similar to the one currently enjoyed between the US, Canada and Mexico.
Speaking last night Robert Oulds, director of the Bruges Group, said it was important to drive home the fact that a post-Brexit Britain will have a range of options which allow trade with the European Economic Area.
“This new poll shows there are a majority of voters who prefer an economic rather than economic and political arrangement with the EU. These include people who might otherwise have voted to remain in the EU,” he said.
“Clearly we can be free, have more democracy and be better off if we ditch or cancel our EU membership, and join a Free Trade Agreement like the one people thought they were voting for in 1975.”
Furthermore, many Brits are talking about Iain Duncan Smith’s claims the UK already spends £150m a year housing EU criminals, and that, if Britain “remains” in the EU, seven new prisons will need to be built in the UK by 2030 to cope with the rising number of migrant criminals… (via Sky News)
Former cabinet minister Iain Duncan Smith has warned 3,993 additional jail places will be needed for EU convicts if current levels of migration continue, and if the percentage of migrants who commit prison-worthy crimes matches the rest of the UK population.
This is the equivalent of another seven jails the size of Full Sutton prison in York, which can accommodate 606 inmates.
Mr Duncan Smith believes that if the UK remains in the EU, the problem will only worsen in the years to come – with the likes of Turkey, Macedonia and Albania vying to join the bloc.
The Conservative MP and Out campaigner said: “Our prisons already hold over 4,000 criminals from the EU, costing taxpayers more than £150m a year.
“Our analysis shows UK taxpayers will have to pay an extra £400m just to keep EU criminals in jail. It will mean prisons are more crowded, less safe and less able to prevent inmates returning to crime.
“If we vote to leave, we can take back control of our borders and send EU criminals back to their own countries. We will be able to keep out terrorists and kick out criminals.”
Vote Leave’s estimate, which is based on net migration levels from the EU continuing at a rate of 184,000 a year until 2030, have been questioned by Britain Stronger In Europe.
Finally, as One River Capital’s CIO remarked…
“Gambling websites say Brexit’s a 3-1 bet against,” said the CIO.
“And if you polled every one of us who wager for a living, I reckon 90% would say the Brits Bremain.” I mooed in agreement, nose nestled in tail, huddled in the herd.
He mooed back. “But the polls are 50/50, margin-of-error kind of stuff, and they were pretty good in the Scottish referendum, the London mayoral vote too.”
Brexit would be as shocking for markets as it is unlikely. Which is why no one can ignore it. “All I know is that if it happens, gold will be the strongest currency in the world.”
Which may explain this…
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