Monday, October 24, 2022

Tory Backer Says UK Economy Is ‘Frankly Doomed’ without Brexit Renegotiation

THE GUARDIAN: Guy Hands says Conservatives are putting country ‘on a path to be sick man of Europe’

The billionaire businessman Guy Hands has accused the Conservatives of putting the UK “on a path to be the sick man of Europe”, as he issued a series of stark predictions about what could lie ahead for the post-Brexit economy, including higher taxes and interest rates and fewer social services.

The founder and chair of the private equity firm Terra Firma, a longtime Tory supporter, called for the government to “renegotiate Brexit”, stating that otherwise the British economy was “frankly doomed”.

The Conservative party needed to “move on from fighting its own internal wars and actually focus on what needs to be done in the economy”, Hands told Radio 4’s Today programme on Monday.

Hands, who had called for Britain to remain in the EU before the referendum, accused the Tories of making errors since the 2016 vote.

He said the party needed to start “admitting some of the mistakes they have made over the last six years, which have frankly put this country on a path to be the sick man of Europe”. » | Joanna Partridge | Monday, October 24, 2022

I feel vindicated! My readers and followers will be well aware that I have been calling for the UK to re-enter the EU since the very start. Brexit will never work; and now, we will get yet another Tory PM dedicated to the ridiculous idea, for whether Sunak or Mordaunt wins today, they are both committed Brexiteers. We Brits have a hard, bumpy road ahead.

By the way, kudos to Guy Hands for stating this. – © Mark Alexander