Monday, November 20, 2017

Politics and prosperity

Did I hear this correctly? Brexit secretary David Davis is saying that we should put prosperity before politics. I support this view but I find it rich for a leading Brexiteer to be saying it. Pulling out of the EU is a political decision, supported by a small majority of those who voted in last year's referendum. It was taken despite concerns about prosperity. It was a decision taken in spite of economics, not because of them. Ultimately, there is a price the UK has to pay for the Brexit decision in terms of less future prosperity (note how we how have the most sluggish growth of all the major economies). Those of us on the losing side are doing our best to mitigate the circumstances but that does nothing to hide the fact that Brexit was a political decision that was taken before the effects on prosperity (and I would argue the UK's influence in the world) were considered. In other words politics before prosperity.

Davis is also saying we need the "freest possible trade in goods and services". Again, I agree. But, we already have that. It's called being a member of the Single Market and European Customs Union - which he wants to leave.

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