Brexit was a colossal mistake, says John Major
Former British Prime Minister John Major said in comments that he had made at the beginning of this month that Brexit was a “colossal mistake”. Major spoke in his criticism of Brexit, the opposition to Boris Johnson and other leaders of his party, the conservatives, before the parliamentary committee.
According to Major, Brexit means that the British are excluded from the three large power blocks. “There are the United States, there is China and there is the European Union,” he said. “We have to be in Europe.” The pioneer followed Margaret Thatcher and ruled the United Kingdom from 1990 to 1997.
He was also finance minister at the end of the years. According to him, Europe will be exposed to “enormous competition by the United States and China” and will have to deal with Chinese threats in the field of security. Not only, said the major, but all of Europe would be strengthened by the British presence in the block.
For Major, Great Britain would be safer with “friends that we can hug” in a challenging world in difficult times than to isolate and rely on the support of those who “may be less willing to get us to help. “”
The former Prime Minister said: “These are topics that are relevant to the current and the next generation, and I don’t think they have weight because of the referendum.” “These strategic points that let me think in Europe should, and we made a big mistake. “
The referendum took place in June 2016. After years of negotiations and doubts, the United Kingdom officially left the European Union on January 31, 2020, shortly before the start of pandemic, but remained in the European Economic Community until the end of the year.
Brexit advocates argue that Great Britain will gain economic dynamics without the bureaucratic chains and costs of the European Commission. At least so far the result was the opposite.
Jonathan Haskell, an external member of the Bank of England’s monetary policy committee, recently prompted the United Kingdom to estimate the “productivity penalty” to 1.3 % of GDP-or £ 29 billion ($ 35 billion).
The government has contested the figures, but the fact that the country has won on the street since the Brexit campaign has shown poorer figures than other large European economies in terms of investment attractiveness and GDP growth.
Germany, France and Italy have already caught up with the losses created during pandemic. Great Britain No, GDP is still below the level of the end of 2019. The United States has generated 4.3 % since the last quarter of this year.
Italy, even in its endless political crises, rose by 1.8 %. France grew by 1.1 % and Germany by 0.3 %. There was a decline of 0.4 %in Great Britain.
The Brexit post affected the courses. British trade in Europe amounts to over $ 600 billion a year. A British survey by Commerce Commerce has shown that many companies have not fully adjusted to the new customs regulations.
The barriers left more expensive foods and others on the gondolas of the supermarkets. British economists and business people advocate the exit of the EU and do not cheer them.
The problems, including falling productivity gains, come from a distance and come before Brexit. But the voters don’t seem to agree. The latest surveys show an increase in the percentage of people who regret having voted for the break with the EU.
Rashi Sunak, the current Prime Minister of Connervador, announced an agreement with the trade protocols of the European Commission on the border with Northern Ireland.
This was one of the most delicate topics in the post-Brexit negotiations. Now you have to find out whether your party members will support the proposed rules. Economics of Giuliano Gandalini UK