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A Fair Assessment of the Economic Issues


threegee

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Here's a balanced explanation of why big business backs Remain, and most small to medium sided business doesn't, from a city economist who has no particular axe to grind either way.  Five minutes reading this will likely be more illuminating than many hours of TV "debate".

http://www.telegraph.co.uk/business/2016/03/06/exactly-why-is-big-business-so-in-favourof-the-eu/

For those who have an aversion to links: the takeaway points are that the EU depresses wages, a fact already blurted out by Remain campaign boss Stuart Rose in one of his too-honest-for-his-own-campaign moments. Also, that the drop in Sterling is a blessing in disguise, and that it's what Dave's puppet, BoE Governor Mark Carney, should be trying to achieve - if only he wasn't so busy dancing to Dave's tune and issuing all sorts of idiotic warnings.  Carney been wildly wrong in just about every other calculation so far, so has now set himself on course for an entirely unbroken record.

Quote

...the pound’s weakness could hardly come at a better time. There is next to no inflation, so any plausible rise in the general price level brought about by Brexit worries should hold no terrors for the Bank of England

The really important policy question for the authorities to ponder, while there is still time, is not whether or how to stop the pound from falling, but rather how on earth to keep it at its new lower, more competitive, level – whichever way the country votes in June. 

All we need now is a rational explanation of why comrade Corbyn backs policies that indisputably force the wages of UK workers down.  All his passionate speeches against the EU have recently been expunged from his website.  I'm not going to waste anyone's time speculating precisely why, but feel free to offer your own explanation.

 

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