Saturday, 22 June 2024

Stability

Ever since 2015 and Cameron's victory in that year's election, the country has been far from stable.

And then came the referendum vote and the hung Parliament that May's ill-advised election brought. That was the most ill-advises election of modern times until this year, of course.

Then came the 2019 election, Johnson promising Brexit would get done and we could all move on.

Only, as soon as it was agreed, Johnson started to deny what had been agreed, and delay the required infrastructure to have the control the Brexiteers promised.

All beside this, business and the economy has been trying to cope with the changing political and regulatory landscape, with rules and new GB standards being proposed, then delayed and scrapped.

Each one of these events has costs, and makes long-term planning impossible.

What is needed after this election is a period of stability and reflection, in which we actually get used to Brexit and decide, item by item, if that is worth the effort or we change it.

Normailsed relations with our nearest trading partners, and shared standards is by far the most sensible step, so we can trust EU goods and they can trust British and UK goods and services.

Whether that involves rejoining the SM and/or CU would depend on fact based decision making, and the UK polity being honest about the risks and oppotunities.

I have said for some time that I would not comment on current Brexit policy until something sensible happens. I hope that sensible policies are around the corner, and a period of stability in which business and the economy can plan long term investments.

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