The slow painful walk back from Brexit…

Why are politicians of many mainstream parties not coming clean? I am thinking of Labour, the LibDems and exiled Tories. They shy away from support for joining the single market or full scale EU membership for fear of opening old Brexit wounds.

A bold move on closer EU alignment might just be what this government needs…

Grow a backbone. Recent opinion polls are damning of Brexit. Only 31% of voters now think it was the right decision to leave the EU. 61% of voters say Brexit has been more of a failure than a success. Johnson and the Conservative Party take the most blame followed by a host of former Tory leaders and, of course, the lovely Nigel Farage. This is why it will be a long road back to power for the Conservatives and why this blog believes we are ‘enjoying’ peak support for Reform UK who have flatlined on 27% of the vote share.

Just pop the impact of Brexit into AI. UK GDP is 6-10% lower than it would have been without Brexit, business investment is 12-18% lower, productivity 3-4% lower, jobs are 1.8 million fewer, UK trade has fallen relative to our economy’s size. The list goes on. Brexit has been a disaster. And that is before the changed national security environment where the whole of Europe is threatened by Russia.

The Labour government are tip toeing back into the EU’s ambit. It is called a ‘pragmatic reset’ apparently. Ties are deepening through agreements on trade such as a veterinary agreement, recognition of professional qualifications etc. but it is painfully slow. It has just been announced that the UK is finally set to rejoin the Erasmus student exchange scheme from 2027. Whoopee!

Government is painfully slow. It is why Labour is being so punished in the polls. Surely aligning with the EU at least in terms of the single market would be a bold and mostly popular move, particularly as leaving the EU has hardly curbed immigration…

Of course there is one major blockage. The EU currently really doesn’t want the psycho drama of Britain rejoining the EU, particularly with Reform UK riding high in the polls. And I guess, who could blame them?

What a mess. The UK political system has done huge damage to our economic future and national security, from the referendum itself to the way we left the EU. Moderate politicians of all parties should make this clear and move fast to correct the impact. You never know, it might even help them at the polls…

P.S. One more blog this year. I promise it will be festive…😁

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.