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An Interesting Brexit Related Article

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    An Interesting Brexit Related Article

    We consume more than we produce, leading to an annual balance of payments deficit rising above 6% of GDP, financed by borrowing and selling companies, property and citizenship to survive. The result is a sluggish economy (a growing proportion of which is owned by foreigners); low productivity (because the manufacturing sector has shrunk to one-tenth of GDP); and static pay, as every sector except finance cuts costs to survive.

    Being in or out of the EU has little relevance to this basic problem. The EU is a market, not a mutual support system. Instead of redistributing growth to succour laggards it punishes them, as it has Greece. It drains us and proscribes the techniques of nurture by state aid, protectionism and devaluation by which Germany and France grew. Its “aid” is just our own money back, with the EU’s heavy costs taken out. Even worse, Germany’s huge surpluses mean that deficit countries like the UK, with our £60bn-plus trade deficit, are compounded by the single market.

    Yet coming out offers no solution either. It generates uncertainty and deters investment. Most of world trade is controlled by multinationals, and Britain would be more vulnerable to their ministrations. Tory Brexiteers aim at turning us, down and dirty, into a low-wage, deregulated, cost-cutting tax haven-on-Thames. Hardly acceptable to an electorate that has already endured decades of that.


    Can't help but agree with a lot written here, unfortunately

    https://www.theguardian.com/commenti...roduction-base
    The Chunt of Chunts.

    #2
    Originally posted by MrMarkyMark View Post
    Can't help but agree with a lot written here, unfortunately

    https://www.theguardian.com/commenti...roduction-base
    The idiot author fails to recognise that the Empire 2.0 jam and tea export boom will deal with the trade deficit.

    Comment


      #3
      Austin Mitchell seems to be proposing a return to the 1970's. That won't work either. Closing borders and protecting moribund industries won't improve exports.
      I'm alright Jack

      Comment


        #4
        Sounds like Britain only has one way out.

        Mass

        You lot go first, I will bury your bodies and then myself. Honest.

        Comment


          #5
          But as he government are only pretending to leave then this will not apply
          Warning unicorn meat may give you hallucinations

          Comment


            #6
            One of my concerns about the leave campaign was how they wanted to take the UK back to Victorian times. When most of the population lived in poverty.

            IMO the only thing that will help the UK is an ultra hard Brexit. Sadly it looks like a soft Brexit is likely. Thanks to May giving everything away.

            Comment


              #7
              Originally posted by BrilloPad View Post
              One of my concerns about the leave campaign was how they wanted to take the UK back to Victorian times. When most of the population lived in poverty.

              IMO the only thing that will help the UK is an ultra hard Brexit. Sadly it looks like a soft Brexit is likely. Thanks to May giving everything away.
              I think that article pretty much implies that:

              Tory Brexiteers aim at turning us, down and dirty, into a low-wage, deregulated, cost-cutting tax haven-on-Thames. Hardly acceptable to an electorate that has already endured decades of that.
              Although when you read it, there will be no change after Brexit anyway...
              Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

              Comment


                #8
                A article in the Guardian written by a labour politician.
                What did we learn **** all.

                Comment


                  #9
                  Originally posted by BrilloPad View Post
                  Thanks to May giving everything away.
                  I suspect some of the unelected Tory management are playing a long game here - role out the crappiest Brexit imaginable, call an election around the time of implementing it to "strengthen the country", which they lose to Labour.
                  Drop Labour in it, to try to keep the country together, which they will fail to do, for a combination of reasons including the Brexit deal that gets agreed.

                  After the Labour term runs its course, the Tories get voted back in on a landslide majority, where their campaign is basically "Look at how bad Labour have run the country" and "remember before 2016, the country was under Tory rule and everything was perfect".
                  Tories then implement Victorian Britain, having no regard for any pledges made about how wonderful everything would be post Brexit.
                  …Maybe we ain’t that young anymore

                  Comment


                    #10
                    Originally posted by woohoo View Post
                    A article in the Guardian written by a labour politician.
                    What did we learn **** all.
                    Austin Mitchell is a former Labour MP for Grimsby and public accounts commissioner
                    Which bit of the feck all did you disagree with?
                    The Chunt of Chunts.

                    Comment

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