It is Obvious

Chris Rick has got altogether too much to say

Archive for December, 2018

Are you feeling lucky…EU?

Posted by chrisrick13 on December 8, 2018

It is obvious: there is nothing to fear

Had the EU got one shining, obvious, demonstrable benefit that could have been trumpeted before the Leave the EU referendum the remain vote would have been twice that of the leave. But they had not. The remain group had a lot of “one for all, all for one” and “the whole is greater than the sum of the parts” arguments and unfounded fear. It was not enough. Quite right.

Now the argument is that our trade will suffer and we will all be living in holes in the ground from the end of March. This is based on propaganda from the likes of the Bank of England. If I were playing a game of pick-up football in the school yard and I were captain then BoE would be the last pick for my team in the hope that the other captain got it.

The BoE forecast huge rises in interest rates after the vote. Promptly cut them and watched in embarrassment as nothing happened and then sheepishly put them back where they were. We need higher interest rates but not because of Brexit.

But there are men of conscience who are now standing up and declaring the figures from the EU, IMF and BoE to be nonsense. They truly are nonsense. At the very least they cannot be proved as they are all based on assumptions that are pulled out of a very special hat. There is a suspicion that end results were picked and then worked back to assumptions that would give those results.

Trade with the EU is decreasing. Going down over the last 18 years. There are better business partners to trade with. More dynamic, more agile, less regulated, cheaper. The EU cannot compete with other countries that will become our larger trading partners.

If the UK will suffer so badly from leaving the EU why not just let us go? We will be out for a few years then come crawling back with much worse terms than today. (No rebate as gained by Saint Thatcher for one.) Everyone would see the clear benefits of the EU. Other countries would be quick to join and the bonds of union would become ever stronger. No, they are using bile and deceit to try and get us to stay so that the argument will not be tested. No honourable path of letting us go with regret. Just threats and spite. Don’t think I want anything to do with that. I want to be in a European union but not this one.

I liken it to Iceland. We have spent 10 years supporting the TBTF banks and have paid a high price. Iceland just let them go bust. It was dire for a while but they have recovered and instead of walking around with the large ball and chain of bust banks they are sprinting around in trainers. If we cast free the shackle of the EU there will be a hiatus but not much of one. Then we will be off over the horizon.

There are large and powerful forces at work trying to keep us in the EU in practice if not in name. I am not worried. There will not be an EU around for us to leave for much longer.

It is obvious: there is nothing to fear but staying in the EU

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