Rejoining the EU is no panacea. My latest column for @financialtimes.com: Rather than attempting to reverse Brexit, Britain should focus on its domestic economic growth agenda as.ft.com/r/17ff4308-8...
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Replies
Bavovna Buff 🇵🇱 🇬🇧 🇳🇴 · Jun 22
1) You're recycling many Leave arguments here. If you want to say "Brexit was the right choice and we should stick to it", just say it :) 2) Even taking your the graph in your post at face value, it doesn't prove that the counterfactual "Britain not leaving the EU" would have experienced the same
𝓪 𝓶𝓪𝓵𝓮𝓿𝓸𝓵𝓮𝓷𝓽 𝓶𝓸𝓽𝓱 🦋 · Jun 22
this is pretty dumb shit, my guy, i hope you got paid well for shitting yourself in public
Ivor Middleton · Jun 21
"Britain's stagnant productivity growth long preceded Brexit" Not quite the story we see in the chart. The GFC and austerity slowed things up, covid produced a monster blip, and then we went flat or backwards post #Brexit
@ray1617.bsky.social · Jun 21
It's a weak argument, especially if your "instead of" manifesto becomes "as well as" ...
Neil PollyTicks 🦜 · Jun 21
We’ve supposedly been doing that since 2016. How’s it working out for us ten years later? Oh.
Elena Adaal · Jun 22
Nearly everything that you can do ouside the EU you can also do from within. After 10 years its clear the Brexit ‘benefits’ are vapourware. Not real. There are only costs.
BloombridgeCap · Jun 22
Thats OK. Leaves more room for Ukraine.
Todd Kendall · Jun 21
In your own graph the line goes up (admittedly at a slower rate) after the GFC and then stops going up after the Brexit vote. 😖
Daniel · Jun 22
This chart just looks like yet another look at the impacts of austerity. And it's extremely odd that doesn't really get mentioned once.
Alan Pennie · Jun 21
Oh yeah! How should it do that exactly?
/Mai/ Opine 🏴🇬🇧🇪🇺♂️ #WCNSF · Jun 22
The chart seems to belie the title. Although difficult to see because of the scale it seems clear that the overall effect of leaving in 2020 has virtually flattened the curve. Yes there was a slowing down as a result of the financial crisis (and austerity?) but it really stagnates at the 2020 mark.
Diplomatic Docus. I'm a realist. · Jun 22
We see a little difference if you add France and Germany.
Catio Miles · Jun 21
In a world of big power politics, Britain will achieve very little if it has to focus on internal issues alone. The reality is that Britain is a medium size country and needs a large network of other similar sized countries to share sovereignty costs.
peter_donnelly · Jun 22
Ah yes, that old approach that no OECD country has ever found hard at all
Seb Tallents · Jun 22
Do you think it might be related to investment? Huge cuts in investment post gfc, further cuts after Brexit. Rejoining the SM/CU might well reverse that investment slowdown.
Sam Morey · Jun 22
Makes sense, businesses usually thrive when their exports are artificially capped and rerouted into smaller markets
@cancelled-by-elon.bsky.social · Jun 22
As soon as you hear the "getting more people into work" argument you know it's a bad faith article When you remove ghost jobs, there's about 600k jobs advertised for 5 million people Maybe the FT should be looking at this instead of pushing right-wing BS about deregulating and welfare spongers?
Sixes All The Way · Jun 22
Absolutely, rejoining the EU is no panacea: but no such single policy is. However, rejoining the EU is one of several low hanging fruit that would give the UK economy a welcome & sustained improvement that govt can take. Govt should do whatever it can to improve the material lives of people.
Joss Rickard · Jun 21
"Why yes, the GFC is the perfect control period to compare against and make my point"
Michael Robinson · Jun 22
Productivity is not going to improve our quality of life. It's up by like 40% since 1990 but our lives haven't gotten 40% better. I'll spare you the question why: it's about inequality.
Levi Anthony Luckenbach · Jun 22
Doing the bidding of the global fascist cabal. If you can’t see that Brexit was orchestrated by the same oligarchs behind Trump, i.e. Putin, to weaken the European Union and allow Russia to advance on conquering Europe, you’re an idiot.
Mike here, hello · Jun 22
So the cause is austerity, right?
Cheryl Price · Jun 22
Did you fall and hit your head? Maybe get that checked out. You are going to be really embarrassed.
Sylvia · Jun 22
Having read the article I have comments and questions. You don’t mention whether you think rejoining the single market would have the economic benefits others think it would. In your welfare reforms; is this a proposal to revamp the whole system and put the claimant at the centre or just another
@globelimper.bsky.social · Jun 21
As you well know it is not either/or. And pushing for easy answers is one reason we are in this mess. Stop going on about panaceas in favour of first steps