A couple of days ago Revolution Breeze – Sue Jones (@SueJonesSays) who is the “Public interest issues, policy, human rights & social sciences. Researcher & writer for: Politics & Insights (home site), & others Social Affairs Editor: Scisco politicsandinsights.org“ put out this twitter and it provided a link to this article which was titled with “Record £300bn wiped off UK bonds and gilts as investors flee in biggest market collapse in decades” and the article written by Michiel Willems which is available here begins with these first few words
Just under £300bn has been wiped off the value of UK corporate bonds since the start of this year following a major sell-off in the bond market in what is considered the biggest collapse in two decades. In the first six months of this year, the total outstanding value of UK corporate bonds has fallen by 13.3% from £2.237 trillion to £1.940 trillion, a fall of £297.5 billion. This compares to a fall of 3% for the FTSE100 over the same period, digital asset manager Collidr told City A.M. this morning. Bond prices have been hit by rising interest rates and rising inflation since the start of the year, in response to central banks tightening monetary policy to control inflation.
So given this impact it seems very reasonable for anyone who is unhappy with the Brexit arrangement to endorse the e-petition which Oliver Romain set out on 17th May and which has nearly hit the 5,000 signatures. If we can double the signatures the Government will then need to carry out a review of the petition and perhaps they will be willing to reflect the best way to assess this theme. The petition is based on the following text and it is obtained from here.
Apply to Join the European Union (EU)
We want the Government to start the process of seeking to rejoin the EU. Only 2% of the public think that Brexit has gone ‘very well’ and only 15% ‘fairly well’ since the end of the transition period*.
We believe the majority of the British public no longer supports Brexit, in addition to Scotland and Northern Ireland voting against leaving the EU in the 2016 referendum. It’s time to put a stop to this disastrous experiment and seek to return to the EU as full members.
Source: You Gov survey of 2823 British adults May 10th 2022 https://yougov.co.uk/topics/politics/survey-results/daily/2022/05/10/6f966/2