Gove warns of risk of a ‘VHS economy’
MICHAEL GOVE has warned Theresa May that Britain risks becoming an outdated “VHS economy” if it accepts calls by big business for the UK to be closely aligned with the EU after Brexit.
The Environment Secretary told Cabinet that the big companies of today may be eclipsed by businesses that don’t exist yet as he made the case for a clean Brexit.
A Cabinet minister told The Daily Telegraph: “Hammond… was making the case for ‘high-alignment’ on the basis that big business was lobbying for this.
“When the Tories came into power in 2010 some of these companies like Uber didn’t even exist … He [Gove] said that we’re developing a VHS economy. We need flexibility… We need a lowlevel of alignment.”