Here is the link to the full article
www.theguardian.com/commentisfree/2023/jun/15/boris-johnson-brexit-britain-think-again-eu
Not even the tiniest of violins for our loss of income of 60%- I get it, fair enough, it was just given as an example (and yes, not all due to Brexit, but a combination of factors).
But the loss of Sterling value is very significant on the price paid by UK on servicing the enormous debt, the cost of energy, essential chemicals, medicines, food of every kind, energy, cars and 1000s of other goods, industrial chain parts and materials, incl. construction, etc, etc. No exageration here, I can assure you. Depending where the UK has to import 'stuff' - not only does it have to pay important taxes and charges and increased costs of every kind (and soon an extra fee for each consignment)- but it also has to cover the loss due to exchange rates. This will be more for some countries or economic areas, depending on local currency, and will keep changing. The Pound seems to have somewhat stabilised, but no-one knows what will happen next.
When the Pound is low - it seriously affects the UK's buying power, and this is even more so when there are shortages elsewhere, If and when there is a glut to sell, exporters will agree to take on some of the loss in exchange rates. When there are shortages, they will sell to the closest, nearest, easiest, with a good rate of exchange or none (as EU to EU for instance), as well as to those in their 'club'- partners.
Why should they sell to those who are difficult to reach in so so many ways (see the situation in Dover last few years), expensive to reach, and with low purchasing power due to low exchange rates- and no longer a partner. ? Why oh why would they? As said, especially when there are shortages. Food, medicines, energy, chemicals, parts- you name it. Some things you can choose to buy local- like meat and veg. If you have the money, of course- and in the middle of inflation and cost of living crisis, when people are truly struggling- the local farm or butcher's is not going to be a choice for all, not even on GN.
So, Brexit is taboo, boring, repetitive, annoying - oh I could not agree more. But something will have to be done- and the departure of Johnson and the ERG is the beginning. GE will be the next stage. Even if it is, taboo, boring, repetitive and annoying.
Another gorgeous day here. So will leave you to it.