Friday, 17 January 2025

Time To Reverse Brexit

The British economy is suffering with the Office for National Statistics, using HMRC records, showing the UK economy has effectively flat lined, fluctuating between 0.5% and -1% for the past 12 months but what is to blame for such a series of awful results?
Researchers at the London School of Economics point towards the damage from Brexit to trade links with the EU which cost the UK £27bn since 2021 when Britain left the Bloc fully with disastrous trade barriers for small businesses which forced 16,400 businesses to stop trading with EU nations.
The Centre for Economic Performance looked at 100,000 firms and found that total British goods exports had fallen by 6.4% and imports by 3.1% and the Office for Budget Responsibility (OBR) has forecast that the UK will suffer a 15% slump in trade, leading to a 4% reduction in national income or an estimated £100bn in lost output each year..
So five years since Brexit 'got done' the British public is still counting the cost so not so much of the promised new age of British sovereignty, a crackdown on migration (currently at the highest since records began) and the much-derided '£350m a week' that could be diverted from the EU back into the NHS.
A yougov poll found that 60% of Brits think that Brexit has been bad for the UK with just 12% believing it has gone well and former deputy prime minister Lord Heseltine said that nearly five years on: 'Brexit has been a historic disaster'.
Undoubtedly then Breixt has been a massive act of economic self harm mistake and the Labour Party are opening talks to repair some of the economic damage of Brexit and to 'reset the relationship with our European friends to strengthen ties, secure a broad-based security pact and tackle barriers to trade'.
It is right that our future prosperity depends on a much closer partnership with Europe and the Globes largest single market right on our doorstep so with the latest Yougov poll showing 55% regret leaving and 31% still thinking we did the right thing by leaving, we should look again at rejoining the EU.
With a 165 seat majority in the House of Commons, Keir Starmer should be able push through anything he wishes, including returning the UK to the EU but as it was a Democratic vote that took us out, it should be put to the public again with another referendum on rejoining and this time with cold, hard facts of how much the British economy has suffered and the Briexit Bonuses are rarer then hens teeth.
I cannot say for sure if the previous result was due to being lied to by Brexiteers like Boris Johnson and Nigel Farage who promised the sunny uplands or if it was just good old fashioned racism to kick out the foreigners (my money would be on this) but Brexit has been a disaster and promises to carry on being a disaster until it is sorted because the alternative is higher taxes or a return to the catastrophic days of austerity to balance the books because of the £100bn shortfall of this ruinous experiment.

2 comments:

Not really a blog said...

Why not realign with the US, canada, and mexico? Especially since the eu is on a long term decline...

Anonymous said...

Realign with US with the orange sex pest about to take over? Oh my.