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Export performance is bad, pace fantasy world of daily express; supply lines for imported goods that were once considered routine are disrupted or stopped altogether; Labor shortages due to new restrictions on travel and employment for fellow Europeans are hurting the hospitality industry, which once boasted itself as a “service economy.” A recent well-researched report by Goldman Sachs found that the UK economy is “5% worse off than the rest of the EU”. Welcome to Brexit Britain!
Early in the Brexit disaster, I met Michel Barnier, the EU’s master negotiator, at a powerful conference in Lake Como organized by the Ambrosetti Institute. We agreed what disaster awaits Britain unless it comes to its senses.
He also met with Dutch right-wing “flame merchant” Geert Wilders. At the time, and for some time afterwards, he was an activist for “Nexit,” the withdrawal of the Netherlands from the European Union.
Wilders was very interested in British politics, so I did my best to tell him about the horrors of Brexit in particular. I know I didn’t change his mind about Nexit, but this was his 2017 thing. But the evidence of the damage Brexit has caused is now clear for all to see. Mr. Wilders clearly wants to end the Brexit campaign and change the union “from within.” If there is one good thing that Brexit has achieved, he says, it is that it has had a beneficial effect on the continent’s right-wing politicians against the EU.
Former Labor Party leader Neil Kinnock memorably described the topic of Brexit as “a mammoth in a broom cupboard”. The current Labor leadership knows this is a disaster, but fears it will anger ‘red wall’ voters who were fooled by the propaganda of Boris Johnson, Michael Gove and others before the election. And the Tories also know what a disaster it is, but prefer to confess it in private among consenting adults. One exception is Jacob Rees-Mogg, who has a great sense of humor and insists with a straight face that there is “no doubt that leaving the EU was the best decision for our economy.”
Then I remembered the fact that another former Labor leader, Harold Wilson, is in the news again. Wilson won elections four times and was a consummate politician. What has put him back in the news is the revelations about his love life, but what really matters to me is how he brings together the warring factions of the Labor Party and ensures Labor supports the Remainers. It brings back memories of how I devised this. In 1975, a referendum was held on whether to remain in the then-European Economic Community. (We know he joined Edward Heath during his time as Conservative Prime Minister in 1973.)
According to economic historian Nicholas Crafts, Britain’s accession, also known as the Common Market, boosted the British economy and undoubtedly boosted production and growth, increasing gross domestic product by around 8%.
Well, last week there was a report financial times About a paper by a political consultancy that claims that if Labor wins the next election, it will immediately seek to move closer to the EU through a “de facto customs union by another name”.
This was so sensitive that Nick Thomas-Symonds, Labour’s shadow Cabinet Office minister and Europe spokesperson, quickly denied that Labor was “committed to making Brexit work.” “There will be no return to the single market.” , a customs union or a return to freedom of movement. ”
In my opinion, these protests must be maintenance activities until this pathetic Tory gang is kicked out and enlightened relations with the rest of Europe are resumed.
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Some people worry that we are on the brink of World War III. JPMorgan Chase CEO Jamie Dimon recently said: They should not be underestimated. ”
who knows? However, the geopolitical situation looks bleak. Defense spending may need to increase significantly. Quite apart from the commercial and investment opportunities of re-joining the EU, strategic considerations are likely to emerge.
Heath’s predecessor, Harold Macmillan, is said to have declared that what he feared most was “the event, dear boy, the event”. I am concerned that I have an uneasy feeling that a Labor government will be faced with a series of ‘events’ as predicted by the polls.
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