Brexit Thoughts 12: Leave Lack Answers

There is passion and emotion in the Leave campaign but very little else. The economics are a fantasy and I think they know this. They hope a few catchy promises like bottles of watery Elixir sold by con men from the backs of wagons in the Wild West will be enough to convince the level headed. Probably not. Which is why they major on immigration. Fear and prejudice are the best friends of empty politics.

Now that the line up of economists, financial institutions, friendly nations, economic think tanks, international economic bodies of all kinds and almost everything with some capacity to think in numbers from the kindergarten upwards, warn of the costs of Brexit, the absence of any planning or ideas of how to take advantage of the new freedom if it is chosen, may well be the determining factor if it isn’t. The fallback cries of Leave are that it is the elite who want to stay and that they were wrong about the Euro.

First I had not previously recognised Gove, Boris and their friends as underclass, but this referendum experience is a learning curve. Second if we had gone into the Euro we would have enjoyed an economic rejuvenation like Germany, we would have trade  and budget surpluses,  we would be saving the equivalent of £30 billion per year now spent on housing and low wage benefits, we would not have excessive housing costs or house price inflation and, like Germany, we would be a considerably healthier economic power than is now the case. So it depends what you mean by wrong.

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