Sunday, June 23, 2024

Starmer’s Growth Plan ‘Doomed’ without Access to EU Markets, Warn Economists

THE OBSERVER: Labour leader told if elected he will have to rejoin the customs union to meet party’s manifesto pledges, while 56% of voters say Brexit was bad for economy

A Labour government under Keir Starmer will fail to maximise the UK’s economic growth unless it takes the country back into the European Union’s single market and customs union, leading economists and diplomats have said.

The warnings come as an Opinium poll for the Observer finds that 56% of voters now believe Brexit has been bad for the UK economy as a whole, compared with just 12% who believe it has been economically beneficial.

Some 62% of people questioned also believe Brexit has contributed to higher prices in shops, against 8% who think that it has had the opposite effect. » | Toby Helm and Phillip Inman | Saturday, June 22, 2024

This is precisely what I have been saying on this forum, and in many comments elsewhere, since the very beginning. Even Economics 101 teaches us that one cannot expect economic growth when walking away from the largest single market and customs union which this world has ever known, and which is on one's doorstep. Where is your growth going to come from? A nation should do the bulk of its deals with its nearest markets whenever possible.

The idiots who pushed Brexit clearly had never heard of the adage ‘if it ain’t broke, don’t fix it’! Moreover, those right-wing loons failed to understand that one of the Single Market’s founding architects was no other than Margaret Thatcher herself. (She must be turning in her grave!)

We can all thank Nigel Farage for the lunacy that was, is, and will forever be Brexit. He screwed up big time. And Cameron did for running scared of him, too. The Tories screwed up under Cameron, and have screwed up ever since as well, truth to tell.

The best thing Farage can do now is hang his head in shame. Perhaps, as a face-saving measure, his American chum will give him sanctuary in Florida. – © Mark Alexander