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Sunday, January 27, 2019

Britain- Brexit: For the poor, it’s not Europe that’s the problem. It’s austerity - by William Keegan

As the Brexit farce proceeds, it is worth remembering that before David Cameron made his catastrophic error of calling a referendum, the EU was way down the list of British people’s concerns in almost every opinion poll. Indeed, not even in the first 11.

The central point is that Brexit became the focus for all manner of discontents, many of them understandable. But leaving the EU would indubitably not be the answer to them, and would be guaranteed not to make the discontents into “glorious summer”.

Indeed, it would exacerbate the sources of this discontent. Why? Surely it is becoming increasingly obvious that growing swaths of British industry – much of it foreign-owned by conglomerates that enjoy the advantages of the single market – are cutting back their investment plans and in many cases planning to relocate to mainland Europe. The prospect of the diminution of the economic base of the country has dire implications not only for employment and living standards, but also for the tax base on which living standards depend.

We have spent 45 years becoming an integral region of Europe, creating an economic omelette that no one in their right mind would try to unscramble. Unfortunately there are a lot of not-so-right minds about, some of them in the cabinet, and we have the misfortune to have a prime minister who transmits but does not listen, and is fixated on a treacherous mission.

Read more: For the poor, it’s not Europe that’s the problem. It’s austerity | Business | The Guardian