Saturday, April 22, 2023

Michael Lambert: Britain's Economy Is a Sinking Ship Post Brexit

Apr 22, 2023


A very interesting and true analysis, but very depressing to boot. The UK is indeed like a sinking ship. In fact, it resembles the Titanic.

Many of the people who pushed for the madness of Brexit have fallen silent; indeed, so may of them are not to be seen anymore: they are lying low. The reason for this is clear: they can see the damage they have done to the UK economy and, by extension, to people’s lives and living standards.

Many, if not most, of those arch-Brexiteers, the ones pushing so hard for the UK to leave the EU were public school educated. The fiasco of Brexit is no advert for sending one’s child to be educated in such schools. It is clear that despite their outward erudition, they understand little about either economics or geopolitics. One could call them duffers.

Brexit should be reversed as soon as possible. Michel Barnier has stated in an interview that in spite of all, the EU would—surprisingly—accept us back. But clearly not on the favourable terms we had. Personally, I would welcome dumping the pound sterling in favour of the euro. Ever since the Great War, the value of sterling has declined precipitously anyway. Indeed, its value has generally halved every decade ever since about 1918.

Outside of the EU, the UK has no good future. This country belongs to the European family of nations. Vive le Royaume-Uni dans l'Union Européenne ! – © Mark Alexander