torsdag 28 februari 2019

Brexit fiasco a national disgrace

The economic case for Brexit was never put, because of the incompetence of Minford and his associates. Short of full-blown communism, it would be difficult to devise a worse set of policies than those at the heart of the EUʼs trade and economic policies: CAP, VAT, the tariff wall and the Euro. The so-called four freedoms are in reality a way to ensure that skinflint employers and greedy landlords can pay the lowest wages and charge the highest rents. Employment Rights are a fig leaf and do nothing for those on the edge of the labour market.

However, CAP and the tariff wall are a useful source of pocket money for the dukes and lords whose rental income would have been hit. Since the same people are the leading Tory grandees, they were bound to insist on it being replaced by a home grown version of the same thing, which is what has happened. On top of that there is a clueless Chancellor who is taken in by surfaces appearances and does not appreciate how much of the headline yield from VAT disappears in costs and losses. To cap all that, there is a Labour Party which is asleep and dreaming Marxist dreams.

Whilst there is a good case for remaining, the support for remain among the better informed section of the population would not have been anything like as much as it was if the flaws in the EUʼs policies had been appreciated and sensible post-Brexit alternatives thought about.

Without no sensible post-Brexit strategy, the entire point of Brexit disappears, since the egregious EU policies are replaced by home-grown versions of the same thing.

The whole episode is a national disgrace which reflects badly not only on the politicians but on the British public at large, above all, on those who are meant to be the more intelligent and better educated section of the population. Remainers - the Guardian and FT were leading offenders - were too busy arguing for remain to get their heads around the need to ensure that the worst of the EU policies were dropped and sound policies put in their place.

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