31 March 2020
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Now add a pinch of sex-it to Brexit

Now that the UK’s Conservative Party has decided on a Prime Minister (whose name, Boris Johnson, sounds like a Monty Python-created, undercover Russian spy, and who has been branded a Trump Toff), it might be time we Aussies started to show some real interest in Brexit. To do that, I’m going to have to add a pinch of ‘sex-it’ to Brexit. So, here goes.

By the way, his full name is, wait for it (and hold back the chuckles) Alexander Boris de Pfeffel Johnson! He’s been married twice and Wikipedia says he has five or six children — how does that work?

He’s actually entitled to play sport for the USA as he was born in New York city and was educated at Eton and read Classics at Oxford — Balliol College, no less. He even was a journo for the UK’s Daily Telegraph and he’s so unique that he has Jewish and Muslim blood from his ancestors. He became an international figure as Lord Mayor of London between 2008 and 2016, with the help of Aussie spin doctor, Lynton Crosby, who was an important player in the success of the Howard team’s electoral wins in 1996, 1998, 2001 and 2004. He’s sometimes dubbed “the Wizard of Oz” and leftie enemies tag him an Aussie Karl Rove, who was part of the social engineering team that dressed up George W. Bush as a potential president of the USA!

Boris is seriously an interesting character. In his speech after winning the PM job, he pointed out that his war cry of Deliver Brexit, Unite the country and Defeat Corbyn actually was, unwisely, an acronym for DUD!

And so he added an E for energise and proclaimed “Dude, we’re going to energise the country, we’re going to get Brexit done on October 31 and …”

I actually loved the way he pronounced dude, which was more like “De-ude”, which is what you’d expect from an Eton/Oxford man, who has become a modern politician of the 24/7 news cycle age, where the entertainment factor is a huge asset.

My recent interest not only came when the Conservatives thought someone called Boris could win over Pommie voters but when they dumped a conventional-looking PM in Theresa May. Yeah, sure she is a woman, which is out of character for the Party if you ignore the Thatcher era, but she really looked like the kind of British leader the average Brit would respect. But Brexit led to her exit.

I suspect Boris has a lot of differences when you compare him to the very unique Donald Trump. For example, could you ever imagine Donald saying the following about himself? “You can’t rule out the possibility that beneath the elaborately constructed veneer of a blithering idiot, there lurks a blithering idiot.”

You have to want to love a guy who’s as self-deprecating as that!

Against that, he was a Brexiteer and he has clearly used this David Cameron dumb idea of giving his fellow countrymen a chance to vote on an exit from the EU, to opportunistically have a run for the PM gig, which has clearly been his goal since he used being the Lord Mayor of London to become a political superstar of Trump-like proportions.

OK that’s a political reason to get into Brexit but my real interest came when I heard our PM, Scott Morrison, talk about the potential trade deal that could come out of Brexit. When you think about it, if there’s a “hard” Brexit or a “no deal” exit from the EU, this could create a lot of anger management issues Europe versus UK. And we could end up being an economic beneficiary, as the Empire strikes back seven decades after it was wound down, starting in 1945!

Early talk says a free-trade agreement would be on the cards and there is no enlightened work done so far that tells us how our businesses and exporters might gain. But we’d have to be on a win to nothing. And that’s what ScoMo has been implying in some of his media statements this week.

Let’s face it, we shouldn’t lose EU business and we could gain extra UK export transactions. And if China and Donald can cut a deal, then 2020 could usher in a period of much better external demand for our economy.

The pessimist’s view on our economy’s prospects is that a slowing economy with a housing price problem carrying a huge household debt-to-GDP issue could easily be in line for a recession. In fact, Professor Steve Keen says all our housing problems will cause the recession, though he concedes very high economic growth could reduce the potential economic threats.

And that’s why I like Boris and what he potentially could add to our economy. Right now, those who believe we can avoid a housing-created recession would believe the following will help boost the economy:

• two and possibly a third interest rate cuts.

• the tax cuts.

• the minimum wage increase.

• banks are now lending more generously and with less restrictions than say six months ago.

• pre-election fears have disappeared.

• Bill Shorten’s policies have disappeared.

• the dollar is under 70 US cents.

• a trade war truce is expected, though it is desperately late; and

• now maybe a Brexit-trade deal could be some cream on top of the economic cake.

If all this can’t breathe life into our economy, then Steve Keen (at long last) could be proved right.

Go Boris and Donald!

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