BREXIT: Vive la rÃ©volution!
Why is anyone surprised that the UK is so upbeat about Brexit or that the economy hasn't crashed and burned as predicted?
Why would the majority of people be gloomy that got what they wanted? Most economists predicted Armageddon, but then they are mainly Remainers, so don’t understand the euphoria of looming freedom for the rest of us.
Predictions were based upon their own prejudice and views. Let us not forget that economies are driven by confidence or lack thereof.
As a frequent traveller, businessman and dabbler in politics, I see that many European politicians and companies are jealous of the UKs success and its economic and employment freedoms – those things are hardly unrelated, of course.
The current controversy about Apple’s tax arrangements in the Irish Republic are symptomatic of the EU approach. One of the fundamental pillars of the EU is the ability of a company to move its tax base and profits wherever it fancies; the idea being to stimulate growth in smaller economies.
Perhaps this was only meant to be a sinecure but has worked too well and is showing up countries like France for the anti-competitive, socialist failures that they are. I will never, ever again be involved in a business in France and have now almost totally withdrawn. Taxes, bureaucracy, lethargy … it’s madness.
By its own positive actions, Ireland is no longer a basket case and has benefitted to the tune of tens of thousands of quality jobs by its low tax regime with VAT payments, National Insurance, local taxes and the rest contributing to a China-beating 26 per cent growth and the EU politicians are, like, it’s sooooooo unfair.
Well, diddums to the Kevin-and-Perrys of the EU, they can keep their petulance and their views on Britain’s tax regime, thank you.
I’m going to stick my neck out and make a few, little predictions.
1) The UK will form a mutually advantageous trade arrangement with the EU and Brexit within three years.
2) Brussels has once again shot itself in the foot and failed to cut a deal with the USA, which is only the world’s largest economy. However, the UK will agree a trade deal with the USA in the same time frame.
3) The UK will reinstate and improve upon historic trade arrangements with Commonwealth countries.
When 1-3 have come about, there will be an economic growth in the UK not seen for over a century as we become the de-facto trade portal both into and out of the EU to a market comprising half of the people on the planet – who are currently hampered by Fortress Europe.
The EU can decide to liberalise its markets or maintain its job-destroying status quo as it sees fit without our irritating input.
How do you say ‘plus ça change’ in French?