Taking back control
ReMAIneRS used pessimistic economics as a voting tactic to stay in the eU, but the result of the referendum had little or nothing to do with economics. It was always about who controls what.
Brexit will return control to the UK of its finances, laws, borders and security. It’s called independence, which requires self-belief.
The immediate effect of the referendum proved the opposite of expert pessimistic predictions. So the only sure way of knowing how the economy will look after Brexit is to wait until shortly after the UK leaves the eU.
europe’s exporters and importers do not trade with the UK just because it is a member of the eU. nor do they want to lose UK trade any more than the UK wants to lose theirs, so while their politicians may have ideologies and personal ambitions, business is business.
If the product is good and the price right, trade happens, regardless of politicians.
RICHARD GREEN, address supplied. WheRe is the impact study showing the result of staying in the eU — i.e. uncontrolled immigration, losing more sovereignty, higher contributions and eventually being forced to join the euro? PETER EDWARDS,
Alicante, Spain. The leaked economic analysis undertaken by the Treasury, which indicates that the UK economy will perform better if we remain in the eU than if we leave, is flawed in two fundamental respects.
First, it looks at total gDP growth, rather than growth in gDP per head. The latter is a far better indicator of economic prosperity of citizens. It falls when low-skill jobs are added, which suck in migrant workers, as occurs under freedom of movement.
Second, the Remain scenario assumes the eU will carry on pretty much as it is. This is far from certain as it could well fall apart within 15 years because of its many welldocumented problems.
The economic consequences of this would be far worse if the UK were still a member than any of the Leave scenarios modelled by the Treasury. TIM BEECHEY-NEWMAN,
Caversham, Berks.