Tuesday, 25 October 2016

UK TO LEAD THE WORLD ON FREE TRADE

Theresa May is claiming after Brexit we will lead the world and be the most passionate and convincing advocate of free trade (HERE).

Before the vote, Patrick Minford from Economists for Brexit wrote a piece for The Sun (HERE) where he advocated free trade and said the effect would be that BMWs and Brie would be cheaper although I don't believe there are any tariffs on either at the moment so it's hard to see how they would be cheaper.  However, in the article he also said:

Over time, if we left the EU, it seems likely that we would mostly eliminate manufacturing, leaving mainly industries such as design, marketing and hi-tech. But this shouldn’t scare us.

Let us hope Mrs May explains this to the workers in manufacturing before she becomes the most passionate and convincing advocate of free trade.

No comments:

Post a Comment