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Brexit update - Rishi's interesting comment

(29 Posts)
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varian Tue 29-Mar-22 19:21:04

Brexit, as many foresaw, has been an utter disaster for UK exporters.

It follows that our economy will continue to decline until we can at least rejoin the Single Market.

The green agenda alone makes it imperative that we should trade more with our neighbours and less with countries on the other side of the world

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Ilovecheese Tue 29-Mar-22 15:30:53

I don't see how keeping people on the bare minimum or less, to survive is good for a country's economy.
We are a capitalist society which depends on us all buying and selling goods and services to each other. What use is it to prevent people from buying goods and services (because they don't have enough money) but allowing very well off people to hoard money which they squirrel away and don't use.

As for his remark about Brexit, he probably knew that it would affect trade, but knew that supporting Johnson would help his career at that time. if he didn't realise that it would affect trade he is even more unfit to be Chancellor than he appears.

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Dinahmo Tue 29-Mar-22 15:20:16

He is completely out of touch with what is happening in the UK at the moment which is surprising considering that even the Tory red tops were opposed to his spring statement.

Surely those on benefits are in greater than those actually in work? I include in this statement those who are in work but poorly paid who should be able to receive top benefits, The only saving I can see is the increase in the lower limit for NIC to the Personal Allowance which would reduce contributions by about £6.70 per week when it comes into force.

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DaisyAnne Tue 29-Mar-22 14:42:28

Rishi Sunak spent two hours in front of the Treasury Select Committee yesterday defending his Spring Statement and the reasons for doing what he did, how he did. That, in itself, was interesting*

Then Brexit. "When asked whether a drop in trade since 2019 compared with other economies might relate to Brexit the Chancellor, who voted leave, conceded that it “might well be” and confirmed that it was “inevitable if you change the exact nature of your trading relationship with the EU, that was always going to have an impact on trade flows”. It was a rare admission from a politician who claimed in 2016 that Brexit would bolster trade." [Source: New Statesman]

*Apparently, because he did not want to borrow more he decided to target support at the working population rather than channelling money to the poorest through the benefits system.

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