Only one political party is attempting to find a mature way through the Brexit morass and heal a deeply divided nation
So writes Richard House (below, left), in the Western Daily Press,17 September 2019, p. 18–19. He is a (reluctant) left-leaver who wants “out of the EU” and is not blind to the “hopelessly flawed nature of the 2016 referendum”.
He sees no conceivable argument for leaving being “democratically” supported – with nearly two-thirds of the voters not voting to leave, and “the disreputable Brexit campaign defined by the propagandist manipulation of spin-meister Dominic Cummings, the Cambridge Analytica outrage, a near-hysterical anti-EU right-wing press, etc”. He continues:
“Ideological Remainers are clearly oblivious to the powder-keg of anger ready to go off across the nation, if by some mischance the Lib Dems were to win the election and revoke Article 50:
“The future of this once-tolerant country is extremely bleak, with many millions of people feeling the referendum result was being ignored by a pro-EU elite determined to drive through the “United States of Europe” political project. I often do political campaigning on the street, and the level of outrage that exists on this issue is truly frightening. The political class will ride rough-shod over it at their, and our nation’s, peril”.
“I pledge to carry out whatever the people decide, as a Labour prime minister”. That pledge made Labour “the only UK-wide party ready to put our trust in the people of Britain” and “bring people together”.
Allies of Jeremy Corbyn said his intention was to stay out of the fray if there was a second Brexit public vote and focus on running the country – a stance adopted by Harold Wilson, in the original 1975 EU referendum and David Cameron in 2016.
Though remaining neutral in a future EU referendum held by a government he leads, Jeremy Corbyn would allow senior colleagues to back either side of the campaign, in which there would be a choice between Remain and a new Labour-negotiated deal involving a customs union and close single market relationship.
Richard House advises Corbyn’s team to find a succinct and convincing narrative for conveying this view that appeals beyond people’s primitive polarising instincts – because if they succeed, the election is there for the taking.
“The savage rules of the almighty Market have created the conditions that are speeding us to destruction”: Paul Halas
Paul Halas: “As we approach the 2020s there’s a growing awareness that we need change and we need change now. Running the country according to the savage rules of the almighty Market has created the conditions that are speeding us to destruction”.
In the Western Daily Press (26th April) Paul describes the Conservatives’ genius in persuading millions of long-suffering voters that the national economy operates like a household, so in order for the nation to “live within its means” we all have to tighten our belts.
But this concept – invented by Margaret Thatcher’s think tanks – was directed only at the 99% who always “suffer the destructive effects of austerity” as Halas points out.
The cuts to health, education, transport, disability benefits and other sectors go un-noticed by the I% who can afford to opt out of these systems – symbolised here by one of her ministers.
The household economics concept, Halas continues, ”echoed by every administration since . . . (is) easy to understand yet utterly meretricious”.
He refers us to sources such as the Office for Budget Responsibility, so the writer obediently found the latest report, which certainly did not confirm “the impression that everything in the garden is rosy”. Tax receipts have risen, but there is no indication that “lashings of money are flowing into the Treasury” as had been stated in the same column on 23rd April.
OBR: damned with faint praise?
- The economy ended 2018 growing a little less strongly than we expected in October. In recent weeks survey indicators of current activity have weakened materially, in part reflecting heightened uncertainty related to Brexit.
- The Government’s stated ‘fiscal objective’ is to balance the budget by 2025-26 and past forecast performance suggests that it now has a 40% chance of doing so by the end of our forecast in 2023-24.
- One risk to the public finance metrics that we do expect to crystallise over the coming months is an improvement in the accounting treatment of student loans . . . we estimate that it could increase the structural budget deficit by around £12 billion or 0.5 per cent of GDP in 2020-21.
- Net trade and private investment were markedly weaker than expected, weighed down by a slowing global economy and Brexit-related uncertainty. Business investment has fallen for four consecutive quarters – its longest continuous decline since the financial crisis.
Halas expands on tax issues and the misdirected quantitative easing adventure:
Although the prime function of tax is to regulate the economy and keep inflation under control, the failure of many of the richest individuals and corporations to pay their dues, thanks to absurdly flabby fiscal legislation, has helped fuel the UK’s runaway inequality and damaged society immeasurably.
It is estimated that 80% of new money created (by the government, via the banks) ends up into the coffers of the financial institutions and their clients, rather than funding investment and welfare as it should.
And ends: “The only sustainable way forward is to invest massively in greener forms of energy and greener transport, to create a greener infrastructure and a greener environment. This won’t be possible without a vast reduction in inequality, more public ownership, more localism, and a far more cooperative approach to economics – all policies the Labour Party is adopting. All those with vested interests will doubtless raise a billion objections, but the consequences of keeping our heads in the sand and trusting the Tories to come up with solutions would be catastrophic”.