Tag Archives: Tory

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

June 19, 2017 By in Brexit, Business Administration Tags: , , , , , , , , , Leave a comment
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?

Inflation numbers show why Tories do not want another election – Business Insider

June 14, 2017 By in Austerity, Brexit, Business Administration, Economics, People, Politics, Theresa May Tags: , , , , , , , , , Leave a comment

This is a good read. Having called an election to increase her majority and her personal mandate heading into Brexit talks, May’s plan backfired spectacularly last week and now inflation numbers show why Tories do not want another election

Source: Inflation numbers show why Tories do not want another election – Business Insider

Let’s recap on the strategic highlights of the Cameron/May years:

  • Austerity
  • Brexit

The pain of austerity in the earlier years impacted the working and middle classes. Now because of the Brexit referendum, Sterling has fallen and inflation increased. So austerity and rising costs are impacting all bar the wealthy, viz. it’s the wealthy who are sponsoring the right-wing of the Conservative Party, pushing Theresa May for a hard Brexit.

BUT ordinary people have been duped and had the wool pulled over their eyes. If it’s painful now, post Brexit will be much, much worse, with job losses, lower incomes, higher costs, collapsing social services and worse, as downside risks materialize.

Some of us still think that common sense will prevail. There are two elephants in the room, austerity and Brexit.

As highlighted in this blog many time, radical reform is preferable to austerity but it takes strong leadership. With regard to Brexit, the public attitude has softened considerable – people are frightened and hostile to the Far Right – and an interim solution towards a soft Brexit makes sound sense.

Thoughts?