It reminded me again of just how bad the economic situation in the UK has become since Brexit and for three different reasons. The UK economy has passed the point of no return.
We are now destined to decline indefinitely thanks to three reasons. First Brexit has severely damaged the UK economy whereby it is now almost impossible for small- and medium-sized business to trade with the EU because of post Brexit restrictions. This has cost the UK economy £40 billion in lost taxes annually.
The new Labour government under Keir Starmer has made it clear that, whilst they would like to improve relations (reset) with the EU, there will be no return to the Single Market, Customs Union or Freedom of Movement.
The UK property market where houses have become unaffordable for most people has resulted in so much money being sucked out of the economy that people have much less disposable income and that the economy has suffered accordingly, with many pubs, restaurants and shops being forced to close.
Finally the sale to foreigners of many of our major companies and vital utilities and infrastructure has weakened our economy since profits from these enterprises are being sent to foreign shareholders who have very little interest in anything other than a return on their investments.
Politicians today are clueless! They can’t run and manage the country anymore: they make a dog’s dinner of it. Yet politicians of old ran and managed a huge empire! Politicians of yore must have been a hell of a lot smarter than those who are in control today. Politicians today can’t run this small country let alone empire. – © Mark Alexander
