Brexit: Bank of England makes contingency plans

“The Bank of England is preparing a contingency plan for the aftermath of Britain’s referendum on European Union membership.

However Mark Carney, the Governor, said the central bank will not predict the likely outcome or economic consequences of a vote to leave.

Mr Carney also acknowledged that uncertainty about the outcome was fueling instability for the pound in evidence to MPs on the Treasury select committee.

Mr Carney said: “We’re treating this vote exactly how we treat any other political event, which is not to make a judgment on the outcome and assume the status quo continues. …”

http://www.telegraph.co.uk/news/newstopics/eureferendum/12170936/EU-referendum-Bank-of-England-is-making-contingency-plans-says-Governor-Mark-Carney.html

So, where is our Local Enterprise Partnership’s Plan B, bearing in mind it sees one of its funding streams as being the European Union? AND, if there is a Brexit, will the cost of Hinkley C increase, it being majority-funded in France?

Our chances of finding out from the LEP – zero.

Quote of the day

“The people of England regards itself as free; but it is grossly mistaken; it is free only during the election of members of parliament. As soon as they are elected, slavery overtakes it, and it is nothing.”

Jean-Jaques Rousseau, “The Social Contract”, 1762

District councils and LEPs didn’t exist in 1762!

Another green wedge under threat

Topsham is not in the East Devon District but IS in the East Devon parliamentary constituency of Hugo Swire. Let’s see if he speaks up for Topsham as Honiton and Tiverton MP Neil Parish did for Feniton. But don’t hold your breath – he’s travelling the world and probably won’t even know what’s happening here. And if he does, he will almost certainly not help, citing “being a minister” as his usual excuse.

Sorry, but if you voted for him, this is what you get – an absentee MP who doesn’t even have a second home in the constituency, preferring to have it in Mid-Devon.

Hundreds of people have attended a public inquiry to object to plans to build on an area of green space known as the “Topsham Gap”.

The land separates the town of Topsham from the city of Exeter.

The public inquiry follows Exeter City Council’s rejection of Waddeton Park’s plans to build a 60-bed care home plus more than 100 homes for over 55s.

The developer says it would provide “much-needed” housing for the area’s ageing population.

A campaign group, Save the Topsham Gap, objects to the development, claiming Topsham has its own identity and the “gap” is the last bit of land physically separating the two areas.

‘Antagonise the inspector’

An earlier inquiry in November was adjourned because the venue at Newcourt Community Centre was deemed too small for the numbers wanting to attend.
A number of local people who wanted to attend the start of the four-day inquiry at the Westpoint Centre, were angry at being “locked out” after arriving late, but an official said she was not willing to “antagonise the inspector” by allowing latecomers into the proceedings.

“This is like a court of law and the inspector is the judge – and the inspector decides how it will be run,” she told BBC News.

She said the people would be able to attend the afternoon session of the inquiry, but one objector said he was “appalled” at being locked out.
“It’s a public inquiry and we should be allowed in,” he said.

The inspector’s decision will be announced at a later date.”

http://www.bbc.co.uk/news/uk-england-devon-35639773

Everything you wanted to know about devolution but couldn’t get our Local Enterprise Partnership to tell you’

A meeting about Devolution – Thursday 25th February at 6.30 in the Guildhall, Totnes.

A paper written in 2012 that predicted with uncanny and very scary accuracy what would happen when LEPs decided to rule the world:

http://transitionculture.org/2012/05/28/why-we-need-to-put-the-local-back-into-local-enterprise-partnerships/

And a petition to sign if you feel that all this is happening democratically and non-transparently::

go to

change.org

and search for the petition:

Stop the ‘unlawful’ devolution process in Devon and Somerset