Trade wonk, Brexit bore, globalisation defender, music lover, cricketer, gardener, supporter of mediocre football teams, who knows where the time goes?
David Henig
Loading...
I'm interested to see a bunch of Labour MPs visiting Brussels continuing the tentative process of moving the party towards a more radical approach to UK-EU relations. I gather they were told (as I often am) that movement of people is the central question.
Our 'golden age' of low inflation now seems to have been caused far more by a supply side explosion than genius central bankers, and China and global supply chains were central to that. Meaning our dependency isn't just raw materials but the whole economy.
Ok, so here's a big lesson to learn about the modern inter-connected economy. Putting in place barriers whether trade or more overt security ones is going to lead to higher inflation. Which your public doesn't want even if they claim to want to bring back manufacturing.
My central scenario is now that the Labour Party moves towards a policy of deeper ties with the EU *without red lines*. There is a possibility, maybe via some sort of commission, of going further towards membership. But suspect that will prove too much too soon.
"dime, con quien andas, dezirte he quien eres"
(Tell me who you go with and and I'll tell you who you are).
Sancho Panza to Don Quixote.
Improbable request, but if I know anyone in DC, I'm probably going to be there on a quick visit soon, so please let me know if we should meet!
Unravelling the modern global economy is not going to come easy, once again the new world order is here, and it isn't one in which the EU and US are setting the rules. bsky.app/profile/davi...
