I strongly oppose the Brexit result

THE veritable Brexitfest that appeared in the recent letters page really can’t be let go without comment, particularly the piece on why the UK voted Brexit.

I certainly am not a member of any “liberal elite”, just an ordinary valley boy, yet I strongly oppose the result and will continue to do my utmost to stop it. It is the biggest economic mistake since the decision to rejoin the Gold Standard in 1925, and we all know where that ended.

Most evidence suggests that the origin of Brexit, and indeed the rise of Trump, lies in the sub prime mortgage crises in the USA which led directly to the crash, and financial deregulation. This saw the near collapse of the international banking system. The EU is rather irrelevant in this blame game.

Since the crash real wages have been stagnant at best, and falling at worse for many people. The response in the UK of course was “austerity” with cuts in public expenditure and massive quantitative easing. This hit the poorest but enriched the asset rich. What has the EU to do with this? Nothing. Austerity was a an entirely UK response.

But look, say the apologists, employment is at an all time high. Therein lies a real problem. Slow growing GDP but increasing employment means one thing, poor productivity and competitiveness. What has the EU to do with this? Nothing.

Brexit for the likes of JRM, Redwood, Johnson et al was never an end point. It was and is part of a process. A process which would allow deregulation across the board, from employment to environment. A market has to have rules, otherwise it’s a race to the bottom. There is a world of difference between freedom and license. Brexit delivers license.

Dr Bob Morgan

Efail Isaf