Opinion – First Stage Reality and Brexiters – Mainly Macro – Simon Wren-Lewis

David Davis MP (Conservative). (Photo: Robert ...

David Davis MP (Conservative). (Photo: Robert Sharp / English PEN) (Photo credit: Wikipedia)

Here’s a rather good blog from Oxford macro-economist, Simon Wren-Lewis.

Source: First Stage Reality and Brexiters – Mainly Macro – Simon Wren-Lewis

Wren-Lewis speculates that we’re headed for a very soft Brexit. For me, it’s too early to call. But I do agree with Wren-Lewis, don’t trust the political classes to explain the truth.

Look to hard-evidence and professional risk analysis not political chancers. The bottom line is that whether it’s a hard-Brexit or very soft Brexit, the economic costs will be enormous for generations and the gains will be nebulous in the extreme. The damage is done. Now we must look to the major political parties and how they sell the pup to the UK public. I fear Labour will have more credibility and apart from weaker property prices, highly leveraged UK consumers will need to bargain on eye-watering tax increases.

After all, did you see David Davis‘ eyes on the Andrew Marr show?




Corbyn’s comrades and the Russian revolution – Bagehot – The Economist

Jeremy Corbyn

Jeremy Corbyn (Photo credit: Wikipedia)

Here's a reflective article in the Bagehot column of the Economist. It argues that the centenary of the October revolution is a good time to reflect on Labour’s leadership.

Source: Corbyn’s comrades and the Russian revolution

With Theresa May‘s government likely to make a disasterous mess of Brexit, the chances of a Far Left governmnt in the UK are very probable.

On top of the Brexit fallout, a Far Left Labour government would trigger enormous economic uncertainty both at the personal and corporate level.

Any thoughts on how UK politics became so polarized?