BRExit: What is our government doing?
Nigel Bailey
Corporate Insurance / Comprehensive Risk Analysis Reports / Insurance Due Diligence / Ongoing Portfolio Services / Warranty & Indemnity / International Broker
Firstly I want to make it absolutely clear but I am neither in favor or against staying in the European Union.
There are many things that are wrong with the European Union, notably not being able to set our own laws and being dictated to by another country as to what we can and cannot do, but fundamentally the principle of being part of the European Union should be good and could work well if it was done to the benefit of the populous as a whole.
However, what is unraveling today in the news today following the “framework“ Theresa May set out in her dossier yesterday, is unprecedented. I find it staggering that we appear to be heading towards a "Middle of the road" deal pleasing no one, at any cost; this is certainly not what the BRExit campaigners wanted and definitely now what the BRExit remainers wanted!
This is not a good place for the country to be and it will be bad for UK businesses and the economy if the current arrangements are pushed through.
Theresa May's Geofrey Boycott analogy yesterday: “I will get the runs needed, just like Geofrey Boycott”, she perhaps forgets that Jeff Boycott was run out by his own teammate Ian Botham in 1978 because the team was unhappy with his run-rate...
When we look back at the EU referendum results, the result showed a tiny difference of just 961,000 people, just 2% of the voting public, needing to change their vote for the result to have been different. This in itself should not have been a mandate to start the European Exit process as leaving the EU was always going to be an unprecedented task that in reality no one really has any clue how to do.
With what can only be described as a catastrophic last two years on BRExit negotiations, rhetoric from Theresa May over the last few days, which parodies to her predecessor Margaret Thatcher - "I will not be turned!", why is no one in the government stopping to say let’s rethink our decision to leave the European Union?
Leaving the European Union at any cost is surely not good for the country?
Since the BRExit vote, the cost of running the business has increased with the devaluation of the the pound. International businesses have been forced, in the absence of clear exit terms, to make plans to relocate their businesses outside of the UK. Import and Exports have been hit and our manufacturing sector has struggled. On the flip side, the last two years of uncertainty has created opportunities for investors and companies to invest into the UK as with the weak pound investors have been getting more ‘value’ per pound of investment. But really, overall how is any of this good for businesses in the UK?
In business, when a bad decision is made it quickly gets changed. What makes a business survive is their ability to recognise bad decisions and quickly make changes. They understand that bludgeoning on to the destruction of their business and customers would only lead to the takeover or them closing down and going out of business.
Why is the government any different ?
With the tirade of blatant lies pushed around pre-referendum: such as £256 million extra a week to be spent on the NHS and control of immigration, to name just two, combined with the small difference of 961,000 votes needed to change their vote to remain, why is no one in the government shouting STOP, have we got it wrong? Did we really have a sufficent mandate to start the BRExit process?
Continually citing the British public voted to leave, so we are leaving at all costs, is just nonsense as the public are now thinking that leaving may be a mistake! Apparently a Sky news poll yesterday recorded that 54% of the public now think leaving is a bad idea!! See the poll here: https://news.sky.com/story/majority-of-brits-now-against-brexit-and-back-second-eu-referendum-sky-data-poll-11555078
So before Theresa May cites the EU Referendum result as a vote that cannot be undone, let's just remember that pre-the EU Referendum she was an avid remain campaigner who "changed her mind" post referendum. Theresa May has changed her mind once so the public surely should be allowed to do the same?
We are in uncharted territory and what is clear to me is that leaving the EU, if the proposals made are forced through, is going to be a bad for business, our economy and the population. We need to rethink what we are doing quickly.
Do you agree?
#BRExit #BRExitChaos #BRExitShambles #theresaMay #Conservatives #PrivateEquity
Chairman at Currie Jones Associates Ltd
5 年Since Parliament can't agree on what to do next, looks like we are leaving without a deal.. it's going to be interesting. NB people vote in all sorts of ways. You're a risk manager. You know how even the smartest people ignore or underestimate the risks. David Cameron for a start!
Corporate Insurance / Comprehensive Risk Analysis Reports / Insurance Due Diligence / Ongoing Portfolio Services / Warranty & Indemnity / International Broker
6 年The easy solution was for a cross party BRExit team with politics alliance put aside - a team focused on doing what was good for the UK. By taking it in herself it will be what brings her and the Conservatives down. What political party has lost power because the alternative option was better?
Casualty & Financial Lines BSS Lead
6 年I do feel for Theresa May, as I would have for anyone in charge of delivering Brexit, as it is such an impossible task to deliver - such a polarising issue that the best outcome seems to be to only alienate half the country. However, she seems to be taking that middle road that will infuriate most, if not everyone. I dislike how people also seem to be labelled (or label themselves) depending on how they voted as if it is a simple Yes/No issue. It is obviously much more complex with so many reasons people voted their way, including economy, legislation and immigration that one Brexiteer/Remainer is not the same as another. I think, at the end of the day, it will end up messy with either a general election or a leadership change in the next few months.