Sunday, June 25, 2017


Chris Giles in the Financial Times with a brutally accurate verdict on Brexit:

After the Grenfell Tower fire, Brexiters might think twice before declaring war on red tape in order to spur growth. The disaster has shown there is nothing inherently superior in the UK's drafting or enforcement of regulations ... The first year since the vote to leave has been difficult. Living standards are down, the economy is more fragile and there have been few signs of the fabled investment-led balanced growth. No one should take great comfort from the fact we have avoided recession.

Worse, devalued ministers are ploughing on regardless with a hard Brexit. They are playing with the oiled cogs of Britain's economy in one hand and a bucket of sand in the other. No one knows how much they will tip in.

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