Let's talk

One of the old and cynical tricks of the Brexiteers is to ask, why is the economy still growing if Brexit is so bad or why are we doing better than Germany is it is all a disaster?

To which the obvious reply is that no one ever said we would be in perpetual recession or always do worse than everybody else. But we did warn and were right that Brexit would do real, long lasting and irreversible damage to the country.

As an example we now have the opinion of Michael Mainelli, the Lord Mayor of London, that is the City of London. The square mile is still expanding but Mr. Mainelli believes that Brexit cost it 40,000 jobs, a far bigger hit from Brexit than previous estimates.

Dublin had gained 10,000 jobs while Milan, Paris and Amsterdam have also done well.

This is what we expected, making it more difficult to work in, visit, and do business with the rest of Europe means some jobs are going to go where the business is.

40,000 jobs is a big hit, they represent a great deal of well paid work, lots of profits and tax and that hit will not be limited to the City. The same will be happening to distribution businesses, exporters, importers, manufacturers, tourism, language schools and everything else. Some will be jobs that have left for the Continent, some will be jobs that will no longer be created here.

All in all it adds up, and it hits the potential of the UK economy. The Chancellor really needs to start talking about this subject and what the costs really are.

This is how you get to the

Jonty’s Jottings

Economics, trade and Brexit, not necessarily in that order but the dog always comes first.

By Jonty Bloom Media