Whoever wins, the EU vote has been a disastrous diversion
![The bookies put Remain at 6-1 on [Image: Alan Crowhurst/Getty Images].](https://voxpoliticalonline.com/wp-content/uploads/2016/05/160530-Brexit-betting.png)
The bookies put Remain at 6-1 on [Image: Alan Crowhurst/Getty Images].
It has to be said that, while historically significant, the referendum is a serious diversion from the underlying economic and political problems facing both the UK and Europe generally. The Treasury, the Bank of England and assorted international institutions and domestic thinktanks have been doing their level best to frighten the electorate with doom-laden prophecies of what lies in store if the nation votes for Brexit.
But, as John Llewellyn and Russell Jones of Llewellyn Consulting remind us in their latest weekly comment: “In or out of the EU, the country is confronted by major economic challenges and the political environment is likely to remain fraught and unsettled.” They point to the huge current balance of payments deficit – at 7%, much higher than the deficit that brought such problems in 1976, once the 1975 referendum was out of the way.
This and problems such as the housing crisis and the lamentable structural weakness of the British economy will resurface, come what may, on 24 June. But a positive outcome is surely a necessary condition for a serious economic recovery plan.
Who knows? A Remain vote could set a good example to other member nations where the commitment to the EU is wearing thin.
Source: Whoever wins, the EU vote has been a disastrous diversion | Business | The Guardian
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Very true. But Punch and Judy type politicing is much more fun for those that have failed to deliver anything in relation their own self made targets on the Economy, Immigration levels Deficit Reduction et al. That’s the way to do it! Where are the sausages?
This is also an attempt to construct a means of ‘blame the other guy’. Whatever the result of the vote, every thing that is / goes wrong with the economy will be the fault of either remain or Brexit. Told you so, will be the cries of these bickering MP’s. The future of the countries rights are at stake, but these cretins seem quite happy to gamble them away for their own vanity and avarice.
Once all of this nonsense is over, the tories will be back together hammering the poor, sick and disabled!