Saturday, 15 October 2016

A DECLINE IN LIVING STANDARDS TOO HIGH A PRICE FOR BREXIT

An economist and former member of the BoE monetary policy committee, David Blanchflower, as a piece in The Guardian saying there will be a fall in UK living standards (HERE).  He asks if sovereignty is worth a 5, 10 or even a 20% decrease in living standards.

Personally, I don't believe he goes far enough. For Brexit to succeed and for all the trouble it is going to bring we need to see a significant increase in the wealth of the whole nation.  At the moment it doesn't look like that to me.

Even The Telegraph, usually deaf to any anti-Brexit stories has an article (HERE) saying the price of petrol is at its highest for a year and consumers must be braced for increasing costs.

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