Welsh vot­ers took leave of their senses

Western Mail - - WM27 - Bryan D Prescott Caer­philly

AS MORE firms and in­vestors spell out the con­se­quences of a no-deal Brexit, the out­look for jobs in Wales looks in­creas­ingly dire.

As a no-deal be­comes a real pos­si­bil­ity, Brex­i­teers and the proBrexit press in­sist on at­tack­ing the EU for want­ing to pun­ish the UK and dis­miss­ing warn­ings from Air­bus and oth­ers as Project Fear.

But it’s a bit rich to do so. Af­ter all, the EU is ap­ply­ing the rules and reg­u­la­tions which the UK played a ma­jor role in for­mu­lat­ing.

In my opin­ion, Wales has much to fear from a no-deal Brexit, which would mean tar­iffs and dis­rup­tion to com­pa­nies re­ly­ing on just-in-time sup­ply chains from across the EU, like Air­bus and the car in­dus­try. If this should hap­pen, tens of thou­sands of jobs would be lost.

So let’s hope that prag­ma­tism and com­mon sense pre­vail and a good deal on goods, if not fi­nan­cial ser­vices, is agreed that min­imises eco­nomic dam­age to the UK and EU.

Liv­ing stan­dards and pub­lic ser­vices de­pend on a suc­cess­ful econ­omy. So Welsh vot­ers must have taken leave of their senses when they voted to leave, es­pe­cially as over 60% of UK ex­ports are ei­ther to the EU or coun­tries with EU trade deals; and Wales gets more money from the EU than it pays in.

As my mother used to tell me: “Act in haste, re­pent at leisure.”

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