Saturday, July 27, 2024

Michael Lambert: Brexit Has Weakened the UK Economy and Made Growth Almost Impossible

Jul 27, 2024 | The new Labour government under Sir Keir Starmer has started well with many excellent new measures which include 40,000 more NHS appointments every week and 700,000 urgent dental appointments per year. All of these new measures are fully funded. However, any further extra spending which is urgently needed will have to come from economic growth.

The UK economy is not doing well with a recent survey showing that almost 540,000 businesses are in significant financial distress and 47,000 are on the verge of collapse.

The previous Conservative government squandered £100 billion which contributed to the current dire economic situation. However, it is Brexit that has caused so much economic damage and made it so much more difficult, if not impossible, for the UK economy to recover. Growth seems impossible.



We all know whom we can thank for that ridiculous Brexit. All the clowns! The first three clowns that come to mind are Cameron for calling the Brexit referendum, Farage for instigating the trouble in the first place, and BoJo for lying to the electorate and making a dog’s dinner of the whole thing. – © Mark Alexander