Lord O’Neil, one of the economists whom this Blog admires, predicts that the surge in world trade could help GB entirely offset the effects of Brexit. He stresses, as a Remainer, we would be doing much better still if we were not trying to leave the EU.
This is encouraging news for sure, although there are so many problems with the government’s finances and lack of coherent Brexit plans, that even this good news could be wasted by blunders to come. We must also remember that if Brexit had never been heard of, this government would be in trouble because of a deeply flawed economic strategy which has conspicuously failed to deliver on a string of broken promises and missed forecasts, and an economic model which is top heavy and unfair. It is simply not possible to operate austerity for eight years without damage all across the piece. Moreover the growth we are achieving is not because we have left the EU, but because we are still in it.
Remember that too.