Imy last column I assumed that Brexit is the biggest act of self harm on British economy since returning to gold standard in 1925. Even ardent Brexiteer Jacob Rees-Mogg recently admitted that next scene of bureaucracy associated with Brexit will be an “act of hurt myself.” I didn’t do it up.
As minister for Brexit opportunities he has a Sisyphean task of search in progress for such opportunities. One of those few he is reported to have come up with this is chance abandon the EU rules on production of vacuum cleaners, thereby making them more powerful and less environmentally friendly. I do not do this up or.
Why does the beloved cartoonist character Lord Snooty have such problems? The answer is looking at him and the Brit business in in face: Brexit turned out to be a real disaster and had a serious detrimental effect on in economy. It exacerbates inflation problem and have such a strong influence on productivity and therefore the standard of living that the Organization for Economic cooperation and development predicts that the UK next year be the worst economy in G20, except for, uh, Russia.
Our terrible prime minister – Still in place at that time of writing – He speaks of growth and investments. But truth that investments collapsed due to Brexit, development this is unlikely signal for growth.
As the saying goes, “those whom the gods wish to destroy They first drive you crazy.” When the conservative chairman of community defense committee, Tobias Ellwood, recently pointed out out what’s the answer to repairing economic damage inflicted by the UK on themselves, as well as to other intractable problem of Northern Ireland protocol would be reunited with the single market down his conservative colleagues. And labor party completely cowardly in refusing to decide Brexit issue head on.
Brexit Brigade and others who fear of them, need put something in their head of who Lord (Charles) Powell, Margaret Thatcher’s closest adviser for many years, reminded his audience at a meeting last a week of Wimbledon Philosophical Society.
He said that at no stage, despite all her frustrations with EU and its many battles (that she won!) Thatcher ever want leave the EU. Unfortunately, her soi disant Euroskeptic followers have misunderstood or distorted her opposition to centripetal tendencies. of EU. They were too naive to understand that after the combination of in work of Thatcher herself and prime ministers John Major and Gordon Brown (especially when the latter was chancellor) Great Britain enjoyed, in the words of George Soros, best of both worlds” in this is membership of EU.
Unfortunately, the Brexiters succeeded, with fair degree of nitpicking to deceive the narrow majority of those who voted in that fateful referendum to decide to leave.
Currently, back back to gold standard in 1925. Economic importance of this was due to a gross overestimation of the exchange rate of pound and had a strong impact on our exports and production, thus exacerbating the unemployment crisis of 1920s. This was decision Winston Churchill, Conservative Chancellor in 1925, sorry for rest of his life. However, this did not good for states of The work of Ramsay MacDonald government of 1929-31.
But, but, but… it was reversible. Developments in foreign currency market made the UK off gold standard in 1931, with what was by then the National Government. Labor politician Sidney Webb subsequently stated: “No one said us we could do it.”
Brexit is also reversible. Is not good Lord Mandelson advises Labor party that its effects can be “mitigated”; or believing that Labor, if elected, can ‘make Brexit work”. Brexit doesn’t work, and it’s not obvious that it ever will work.
Commentators keep asking: what is Labour’s plan? Well, I can offer a plan: Labor should take ball as well as run to open goal. it should highlight the damage that Brexit is doing every day on this backward country, and the reasons why: Brexit conservatives! (This damage manifests itself in, by the way, recent autumn of lb. There is a difference between damaging effects of revaluation of currency, a la 1925, and the fall like in current one that makes a nation poorer.)
Labor’s approach to Brexit is as follows: in The words of Suetonius, “hurry slowly” (“Festina Lente”) to convergence with EU. in my opinion it should rush fast while u johnson reputation, like bankrupt in Hemingway The sun is rising toogoes bankrupt “in two ways: gradually, then suddenly.”
