The EU did wonders for the economy: that was why we joined. Our departure from it is now all too obviously costing us that prosperity
Rishi Sunak at the G20 summit this month. Of the G20 economies, only Russia’s is expected to perform worse than the UK’s.Rishi Sunak at the G20 summit this month. Of the G20 economies, only Russia’s is expected to perform worse than the UK’s.When recently asked on the“opportunities” Michael Gove, the secretary of state for all seasons, was hopelessly out of his depth.
As business and industry struggle with the consequences of imposing sanctions on our ability to trade with our largest market, and citizens – known to economists as “consumers” – struggle with the higher import prices imposed by the devaluation resulting from Brexit, the polls are pronouncing people’s verdict on Brexit with a vengeance.tells us that 56% of people think we were wrong to leave the EU and only 32% that we were right.
Membership of the EU did great things for this country. Both Labour and Conservative governments fought their corner and, on the whole, got what they wanted. Margaret Thatcher and her righthand negotiator Lord Cockfield played a blinder in the setting up of the single market, and John Major achieved wonders at Maastricht with the UK’s opt-out from the single currency. As for rightwing concerns about “ever closer” union, they were duly assuaged.
: “The need for tax rises [and] spending cuts wouldn’t be there if Brexit hadn’t reduced the economy’s potential output so much.” And therecently reported that many of the asset managers whom Sunak and Hunt were trying to pacify after the Truss-Kwarteng fiasco were concerned about the dangers of overdoing austerity!
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