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Archive for April, 2017

The road to Brexit


Other than self-indulgent and stupid gits who go on about ‘getting back control’, I have yet to hear a single coherent argument in favour of Brexit.

If there is one, I would love to hear it.

Now that Theresa May has Triggered Article 50, with the acquiescence of Jeremy Corbyn, we can make predictions with a degree of certainty.

  1. Theresa May will go down as one of the three worst Prime Ministers in History. The arguments will be whether she is worse or better than Neville Chamberlain and David Cameron.
  2. Jeremy Corbyn will go down a the most inept leader of the opposition, for not fighting tooth and nail (regardless of Parliamentary majority) against the vision of one of the three worst British Prime Ministers.
  3. The economy will shrink. News comes in dribs and drabs and doesn’t make the front pages. Use your eyes and brain and you see the jobs getting ready to go. European Medicine Agency with 900 key jobs in London is planning its departure. It is important for the biotechnology and Pharma sectors. Over 5-10 years you can count the knock on effect in the 1000s, if not 10,000s of highly skilled, well paid jobs. Use the classic economics multiplier of 4-5 and just one sector leads you to economic depression.
  4. Financial sector and associated services are busy setting up offices elsewhere so as to retain passporting rights.
  5. The government has a series of documents that look at the effect of Brexit on diverse sectors. One has been leaked, indicating that around 40,000 nurses will leave by 2026.

So why the obsession with Brexit and the volte-face by a good many Remain supporters in the Conservative Party, including the Prime Minister? One reasonable explanation is that Brexit has all to do with the Conservative Party and power.

In this respect, job pretty much done.

The opposition is dead. Jeremy Corbyn cannot lead a Labour Party to anything other than ‘opposition’, due to his lack of opposition to Brexit itself. He has long been a Leaver, regardless of the importance of the EU and the ECJ in safeguarding the rights of workers, including equal pay, Health and Safety. Safe to say that despite the noise made by his supporters and Momentum, they are Socialist-free.

The UK has no full separation of powers. Unlike in the US, where the architects of the American Revolution continued the logic of Cromwell’s revolution by separating the executive, legislative and judiciary, in the UK, these are still very much intertwined. Brexit will lead to more executive power. So we effectively head for a one party state, with a tolerated, but weak opposition.

Might there be another reason too? If we consider the staunchest supporters of Brexit, before and after the referendum, they have one thing in common: they either don’t pay much tax or they are extremely sympathetic to those that do not pay their way. Aaron Banks, Lord Rothermere and so on. Boris Johnson, who was whingeing about having to pay US tax (he holds dual citizenship). This is entirely consistent with the concept of a low wage, tax haven economy. Also known as a corrupt shithole.

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