A few weeks ago and well ahead of the EU Referendum, leading UK economist John Ashcroft spoke to a group of Marketing Stockport members about the pros and cons of staying in the EU or leaving the EU.
John took an impartial look at the economic, business, social and political cases for both sides of the argument. The result? There was a case to remain.
However, now the British public have voted to leave, John gives his reaction – via his weekly newsletter.
“The people have spoken. The mistake was to ask. The decision is clear. Britain will leave the EU. No second referendum. No special deal. So long and thanks for all this fish, the EU reaction, finally, rid of those troublesome Brits!”
John Ashcroft continues: “Immigration has clarified the divide between the council estates of the UK and the leafy London Terraces. London voted remain, the people of Sunderland want out. Labour supporters face the brunt of the pursuit for better housing and jobs.
“The pressures on the NHS, housing, social services and education are blamed on Johnny Foreigner. Austerity cuts and badly designed economic policy are really to blame. UK births were near 700,000 last year, dwarfing the inflow of East Europeans from the far frontiers of the EU.
“Huge pressure on services is a function of low growth and cuts in spending. Osborne is perhaps the real villain in the piece. The threat of a punishment budget, should the people vote to leave, was as economically incoherent as it was political unwise. Osborne has delivered his last budget. He won’t make the move to the job next door.
“Cameron has resigned. There goes an honest man. Boris Johnson will be Prime Minister. An opportunistic move to back the Leave campaign satisfies political ambition but betrays the interests of the young people of Britain. Our young people, European and citizens of the world, voted predominantly to “Remain”.
5,515 Stockport voters have signed a petition for a second referendum, Stockport voted to remain in the EU.