Tag Archives: Martin Woolf FT

Why hard Brexit is a damaging fantasy

Martin Woolf in yesterday’s online Financial Times https://www.ft.com/content/939c7ed0-8e32-11e6-a72e- hit the nail on the head:

“Formal sovereignty is not power. The UK government announces its intentions. The reaction of others determines results.

“By a thin margin the country voted for some kind of Brexit. But the government has no mandate for the rather extreme version it is choosing. Triggering Article 50 without parliamentary approval might be impossible. It surely ought to be impossible. Moreover, Brexiters insist that their goal is to restore parliamentary sovereignty. Why then does the government plan to ignore parliament when these decisions are taken?”

It’s actually worse than that since Government Ministers also seem to be ignoring their officials, taking the Leave side’s contempt for “experts” to a new low. Brexit Minister David Davis is now accusing Treasury civil servants of trying to undermine Brexit negotiations as part of a “desperate strategy” to keep Britain in the single market. http://www.telegraph.co.uk/news/2016/10/11/david-davis-accuses-treasury-officials-of-trying-to-undermine-br/

 The redoubtable Mr Davis whose capacity for fantasy is on an exponentially upward leap, is understood to believe that the warning is part of a “succession of treasury briefings that are damaging negotiations”

Whatever Mr Davis thinks, the Treasury is not making this up. Why would they? Surely their lives would be easier if they went along with the Government and threw the well-being of Britain to the winds. Instead, the much derided officials are doing their duty, warning , amongst other things, that according to leaked draft Cabinet papers, if Britain leaves the Single Market without a new deal it will cost the Treasury £66billion in tax revenues.

Meanwhile the City of London, one time cheer-leaders for the Conservatives, are increasingly worried about the impact tougher immigration controls and departure from the single market could have on their revenues. Miles Celic, chief executive of the influential industry body TheCityUK is on record as saying: A “hard Brexit” that takes Britain clean out of the single market, and leaves the U.K. to trade with the EU under WTO rules, will do “significant” harm to the financial services sector.”

Back to Martin Woolf: “What drove Leavers was, we are also told, “the principle that decisions about the UK should be taken in the UK”. The currency markets demonstrate the emptiness of that principle. Britain’s EU partners are about to do the same. The premise of the Leave campaign was false: a host of decisions that affect the UK will always be taken outside it.”

It would be comic if it wasn’t so serious. We are not talking about cosy sofa politics or even the Oxford Union debating society. This is about people’s lives, their quality of life, their health, their education and just about everything else which relies on government to deliver it. Ultimately, it’s about today’s young people and future generations.

 

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