Brexit

Thoughtful piece…

Glasses Screenbean

danalexanderbowring's avatarthethingsthatithink

One of the problems with democracy, is that the average voter knows relatively little about the complex and nuanced realities of the economy and the wider world.  The precarious balancing act of fiscal policy, domestic spending, diplomacy, taxation, trade and more, is like trying to blow a ball of jelly up a hill using trained ferrets with hairdryers strapped to their backs.

Fanciful concepts like closing borders, halving tax rates or disbanding government departments, can sound attractive when considered in isolation, but when understood from a wider position you realise that everything is linked and has a knock on effect.  If every decision in this country went to a referendum, we would be bankrupt in a few years and before long degenerate into a failed, lawless state.  Ok, so that is a slight exaggeration.

There exists a safety net.  All of the main parties are relatively sensible, although they can  wildly…

View original post 1,880 more words

Is the CBI admitting defeat?

The article, The CBI has admitted defeat – and the economic case against Brexit is collapsing, appeared on the City A.M. website on 22 March 2016. The author, Richard Tice (co-founder of Leave.eu) is commenting on a PwC report, Leaving the EU: Implications for the UK economy. I have read the PwC report—admittedly I mostly skimmed the annexes—and don’t see how Mr Tice’s comments are supported. I’ve annotated the article with my remarks and quotes from the PwC report, the CBI announcement on their website and other sources.

For the avoidance of any doubt, I am in favour of remaining in the EU despite the problems.Diaper Screenbean

The TL;DR version of this post is that the City A.M. article is a steaming pile of falsehood and misdirection.

[Read more…]