Here’s Simon Wren-Lewis in Mainly Macro again:
The myth of the need to threaten No Deal as part of the negotiations soon became another piece of the entrenched narrative.
I am sure some Brexiters believed it, because they never bothered to understand how the Single Market worked. It was forced upon other Brexiters when the cavalry in the form of the German auto-manufacturers who were going to force the German government into concessions never turned up.
But it soon began to have a much more sinister purpose.
It was not long before many in the ERG realised the only form of Brexit they would be happy with was No Deal, and from then on their aim was to try and achieve No Deal by default.
What better ruse was there for this group than to spread the idea that we could not rule out No Deal for negotiation reasons.
So you see, “no deal” is the kind of Brexit that the swivel-eyed screamers of the far-right Conservative party-within-a-party, the European Research Group, want – not in the interests of the UK, but to serve their own selfishness.
This serves Boris Johnson very well as, if headlines are to be believed, he is in hock to a shadowy group of hedge fund bosses who have bet heavily on a “no deal” Brexit crashing the economy and causing misery to millions of us, and stand to make billions of pounds from it.
The reason a deal has not been done is because of the actions of our current Prime Minister, his predecessor, and those in the ERG who are pushing this narrative.
Parliament has failed to agree a deal because the ERG do not want a deal.
Also ludicrous is the idea that a No Deal Brexit fulfills the wishes of the 52% who voted in the referendum, when those campaigning to leave in the referendum said a deal was certain to be done.
This ties in with the false claim that we should leave on October 31 because Parliament has had three years to get a deal and has failed, of course.
A deal could have happened long ago, under Theresa May. It would not have been a good deal, but it had been agreed with the EU.
It failed because the ERG – led by Boris Johnson’s leader of the Commons, Jacob Rees-Mogg and supported by Johnson himself – made it fail.
So we can see that Boris Johnson and his friends have deliberately sabotaged attempts to forge a Brexit deal – and are working to ruin the UK economy – apparently in order to cash in on the chaos afterwards.
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