Uk News Talk of Swiss deals with EU and Sunak's denials can't hide the stone cold reality of Brexit United Kingdom news

PremierLeague-News.Com -

Uk News Talk of Swiss deals with EU and Sunak's denials can't hide the stone cold reality of Brexit United Kingdom news

PremierLeague-News.Com -

Uk News Talk of Swiss deals with EU and Sunak's denials can't hide the stone cold reality of Brexit United Kingdom news
23 November 2022 - 06:01

PremierLeague-News.Com - Breaking Sport Transfer News ! You’re unlikely to begin resolving a problem until you acknowledge its existence.The Tories claim they “got Brexit done”. Actually, the phrase “Brexit got Britain done”, as paraded by that wag with the placards at Westminster, (who stands behind Tory MPs while they’re interviewed on the television news), is closer to the truth.You don’t have to look hard for the evidence.Last week, the Office for Budget Responsibility (OBR) declared that our exit from the EU had a “significant adverse impact” on British trade by reducing overall trade volumes and denting trading relationships with the bloc.The OBR’s economic and fiscal outlook, said that Brexit would reduce the UK’s trade intensity (a measure of a country’s integration with the world economy.) by 15 per cent in the long run.Politicians across the spectrum agree that we need to boost Britain’s feeble economic growth. To do that we need to improve productivity – that’s economics 101. One of the biggest blows to our productivity – and a self-inflicted one – was leaving Europe’s single market. Another report by the OBR – the same agency whose advice the Truss government shunned before producing its calamitous mini-Budget – estimates that the hard Brexit will reduce our productivity by 4 per cent.Ironically, some economists think that most damaging long-term effect of our divorce from the EU that was supposed to herald a new “Global Britain” will be reduced competitiveness and openness to trade with a wider range of countries. Business leaders, shaken by plummeting investment and rising vacancies, have seen the writing on the wall. Many are calling for a closer trading relationship with the EU.Prime minister Rishi Sunak isn’t listening, though. Or he’s pretending not to.He told the CBI this week: “I voted for Brexit, I believe in Brexit, and I know that Brexit can deliver, and is already delivering enormous benefits and opportunities for the country.” This sounds like the most ridiculous statement made by a British prime minister since the short and deadly reign of Liz Truss, which wasn’t very long ago. But it serves to remind us we’re still governed by right-wing fantasists.On Tuesday Eric Griffith, the economic secretary to the Treasury, was challenged in the House of Commons to name one benefit that Brexit has brought for British voters. He dodged the question, too.

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. Ministers can’t be surprised that we’re asking.The Government might be cursing that for now at least, due largely to events outside its control, Brexit is being seen in economic terms rather than in the intangible cultural context of sovereignty and blue passports.Sunak is probably hoping that when the immediate economic crisis, centred on high inflation, subsides in a couple of years, our fixation with the economic repercussions of Brexit will fade with it.Having the UK economy 4 per cent behind where it would have been, due to Brexit, may seem less of an issue in 2024 than it does currently, as people look in horror at spiralling food, energy and mortgage costs and watch their savings shrink.The notion that Britain might be heading for some sort of Swiss-style, semi-attachment to the EU, was always a non-starter. The Tory right would have been outside Downing Street with pitchforks. But more to the point, it’s unlikely anyone else would have been keen on a deal that most people in Switzerland and Brussels regard as the worst of both worlds. More from OpinionLabour will never win the immigration culture war22 November, 2022The Shamima Begum 'problem' won't go away unless we bring her home22 November, 2022Rishi Sunak thinks the Department of Education is key to saving the Tories22 November, 2022Britain had a good membership deal with the EU. At the referendum we chose to tear it up. That’s Democracy in action. It’s allowed to make mistakes.The Labour Party, business leaders and some on the moderate wing of the Conservative Party are, nonetheless talking about repairing the damage and seeking friendlier ties with Europe for everyone’s sake.One obvious benefit could be a cure for the running sore that is the Northern Ireland border. If the Tories don’t budge on their insistence on European Court of Justice jurisdiction, then Labour might. This step, plus some flexibility over veterinary rules might at least enable a Labour government to resolve this seemingly insuperable problem.But only renewed membership of the single market could repair the bulk of the economic damage caused by Brexit. And no important figures in Labour would go that far.I’d say a 4 per cent loss of productivity and damage relations with our most important export market is something that our Brexit-supporting premier should address directly. Why did he support leaving the EU? What are the “enormous benefits” he claims we’re seeing? What does he make of the OBR figures? Should we just accept that our trade and economy will be permanently diminished as a result? Rishi Sunak, the Stanford Business School-trained investment broker in No 10, should be able to look us in the eye and answer these questions at least.

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