Lots more to say on #Erasmus and 'replacement' #turingscheme. Students in Northern Ireland may still have access thanks to the Irish government. What about Scotland or Wales? Some considerable barriers here to think about. /1

WHAT'S MOST SUSPICIOUS ABOUT BREXIT? A tough competition... but here's my initial list... the two LEAVE CAMPAIGNS (see £££s from RUSSIAN DONORS + ISLE OF MAN), everything to do with VOTE LEAVE, everything to do with LEAVE EU, everything to do with CAMBRIDGE ANALYTICA / SCL...

... The way so many leading REMAINERS have since become LEAVERS or accepted PEERAGES (see the HOUSE OF LORDS, RUSSIA REPORT), the way David CAMERON quit, the way Nick CLEGG went from leading the LIB DEMS to working for FACEBOOK (WTF???), George OSBORNE working for Evgeny LEBEDEV.

... the lack of criticism of BREXIT on the BBC (see manipulation by omission, PROPAGANDA, DISINFORMATION and MISINFORMATION), the lack of EXPERTS on the BBC, the super-abundance of Nigel FARAGE on the BBC (see QUESTION TIME)...

... the daily PROPAGANDA from our TABLOID PRESS and traditionally BROADSHEET NEWSPAPER... the mainstreaming of DUMBING DOWN across all media and formats...

... setting up of short-lived but potentially important CROSS-PARTY COALITIONS...

EXCLUSIVE. "We want a Brexit deal with the UK. But the EU is ready for No Deal"

I interviewed Joao @ValedeAlmeidaEU, EU’s first ambassador to the UK. He expressed many interesting comments on the ongoing #Brexit negotiations

THREAD with some

1. Ambassador Vale de Almeida:

the aim is a "fruitful, ambitious, forward-looking relationship between the EU and the UK after Brexit". BUT "it is very important to make sure that the Withdrawal Agreement is fully and completely implemented".

#Brexit

2. Then he said:

Another challenge is "to engage with the British authorities, [...] Whitehall, No10, FCDO and beyond, but also with the DEVOLVED UK nations. This country is a union. It's not only the government in London, BUT ALSO the governments in the 3 devolved nations".

3. But we'll talk later about this.

Then the Ambassador said that #Brexit "is a moment of sadness because we're losing one member of the family, but also we [the EU] need to reflect, draw lessons from it" and "to be humble as well about Europe and the project itself".

4. Which lessons?

Amb: "We [EU] need to connect better with people, understand better what are people's concerns, accept that there are national situations that need to be given full attention. We need to be humble and question ourselves: "Are we doing the right thing"

#Brexit

Many bearish sentiments across the mortgage sector because they believe companies won't succeed as much when rate finally go back up (3 maybe 4 years from now). Which makes sense except for $GHIV and here's why. In 2016 Brexit came & rates went down which lead to huge success...

in mortgages. Business was great for many companies but then in ‘17 and ‘18, rates went up. What happened you might ask? A lot of people got compressed, margins got compressed, rates went down, & people struggled in the mortgage market...

Well UWM ( $GHIV ) compound annual growth rate, from ‘16 to ’18, was 28%. Companies that focused on refi struggled, so obviously a very successful company like Rocket or Quicken, they went down 14% in compound annual growth rate in those years...

$GHIV actually grew, and so did their profits, so the opportunity to continue to grow in all cycles is a big differentiator for UWM, and the broker channel versus a lot of our competitors. When rates rise, it's actually even better for $GHIV (UWM)..

If rates stay low, great UWM will continue to crush but when the rates rise, they will continue to steal even more market share because of how they operate in the mortgage sector. People also talk about the speed in closing a loan & that other competitors are faster...

The first working day of the new UK-EU relationship. We're going to hear a lot this year from all sides (remain and Brexit in UK, EU, etc) using any possible scrap of evidence. But what we need to look for is trends, over time, so a few to think about in this thread... 1/

Obvious disruption or reduction to UK-EU trade flow. Here we may be thinking e.g. of a permanent 10% fall in traffic, or regular queues, or indeed no change. And apart from goods, the same with individual travel, for work, residence etc... 2/

As a reminder we're not expecting permanent scenes like those of the week before Christmas when borders were closed. But 5-10% reductions in UK-EU traffic would not seem to be out of line with economic forecasts of a hit to the UK economy. 3/

Then we'll need to look at whether UK-EU trade is being substituted by UK-non EU trade. This probably should happen to a degree, and in theory efficiencies could come this way. But its also possible that all UK trade falls, with the UK no longer an EU entry point. 4/

Inward investment is another key post-Brexit indicator. There isn't a single obvious data set here, but the impression of the last four years has been a fall off in manufacturing, but not in services, particularly tech. Continuation would suggest economy tilting to services. 5/

Short fun thread on Brexiters expressed through the medium of the Sicilian word "minchia" & its variants.
N.B. "minchia" is not necessarily a vulgar word, having been used by authors as diverse as Giovanni Verga & Frank Zappa in their works, but it is uniquely expressive >>

Proprio un gran minchione!

'sta minchia di...

Chi minchia cumminastivu?l

Cu minchia è?