• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

FT commentator says UK government should ‘stop doing stupid stuff’

"Brexit itself was stupid stuff. Few people with a serious knowledge of the matter doubt it. It has raised barriers against the country’s closest neighbours and most important trade partners."

Jack Peat by Jack Peat
2022-11-28 11:49
in Politics
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

Financial Times commentator Martin Wolf has called on the UK government to “stop doing stupid stuff” in his latest dispatch.

With the Office for Budget Responsibility posting dire warnings about the UK’s economic outlook, Wolf said Brexit in itself was “stupid stuff” because it raised barriers against the country’s closest neighbours and most important trade partners.

He added that “while Brexit was stupid stuff, so is the idea that there is a simple way back into a closer relationship with the EU”.

“Renewed membership is inconceivable. This is not only because it would exacerbate the UK’s political civil war. It is also because EU members are too sensible to trust the UK to be an enthusiastic member of the EU as it is and is likely to become.

“From their point of view, the sight of the UK floundering outside is a helpful lesson on the dangers of exit. As important, Brexit has allowed the EU to progress faster than it would have done in the teeth of habitual UK obstruction.”

Wolf says British policymakers should look at housebuilding, the energy sector, regional inequality and chronically low national savings and investment rates as a matter of priority.

But he doesn’t hold out too much hope.

Brexit will therefore become a “diversionary exercise”, as seen by Liz Truss and Kwasi Kwarteng and, more recently, by Jeremy Hunt, who is refusing to acknowledge statistics produced by a department that he funds.

With any hope, Sir Keir Starmer won’t get dragged into the mess. But as we’ve seen by his latest comments, that might be wishful thinking.

RelatedPosts

‘Is it April already?’ Lee Anderson promotion sends social media into a spin

Brexit was a ‘colossal mistake’, former PM Sir John Major tells committee

Lee Anderson made deputy chair of the Conservative Party

Johnson’s hopes of BBC chairman acting as human shield dashed in first minute of Committte hearing

Related: ‘I’m a Tory, get me out of here’: MPs jump ship ahead of the next election

Content Protection by DMCA.com
Tags: Brexit

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

One-in-six in England could end up on NHS waiting list by April

Full list of 191 companies named and shamed for not paying minimum wage

French urged to immediately reduce fuel and energy use

Delicious Easy Way To Cook Pulled Pork

These Are The Foods Brits Turn To in Their Time of Need

Immune Boosting Vegetable soup with Parmesan Cheese

EuroMillions Results for Tuesday 26 April 2022 Tonight’s winning numbers

GALLERY: Svalbard bring crushing support to It’s Hard To Have Hope Launch

Energy crisis: Price cap to soar by more than 50%, Ofgem says

Govt backlash after calling protective equipment a ‘precious resource’

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.