Why Has The US Resisted Trump But The UK Acquiesced To Brexit? – Simon Wren-Lewis from Mainly Macro

English: Icon for recentism

English: Icon for recentism (Photo credit: Wikipedia)

Here’s a thoughtful blog from leading Oxford macro-economist, Simon Wren-Lewis. He explores the question, ‘Will the US recover from Trump quicker than the UK can from Brexit?’

Source: Why Has The US Resisted Trump But The UK Acquiesced To Brexit?

The conclusion is that America will get over its experience with Trump and populism but the prognosis for the UK is bleak, with years of financial hardship ahead.

The British people have been duped by right-wing populism. Now there’s a risk of being hoodwinked by left-wing populism. The media are failing to cite the prevailing evidence.

Surely, it’s time for big business to apply pressure on the UK government that hard Brexit will risk jobs?

Thoughts?

Conservatives back-track on £60m pledge for primary school breakfasts | The Independent

The Independent reports the Conservative Party has admitted it may have made a mistake in its election manifesto after budgeting less than 7p per child in its school breakfasts pledge. In an embarrassing U-turn, the Conservatives now say the costs of providing breakfasts “will vary, depending on how many pupils at any given school take up this offer”.

Conservatives back-track on £60m pledge for primary school breakfasts | The Independent

The thing is the Conservative Party Manifesto is full of waffle and light on detailed policy, costings and risk analysis. Read it for yourself and make up your own mind.

It’s worrying that the Conservative Party Manifesto has not been properly checked before publication. The devil’s in the detail. If Theresa May gets the cost of school breakfasts wrong, surely it’s a big learning curve for Brexit negotiations?

Thoughts?