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Rich Brexiteers such as Liam Fox are happy to throw UK producers (especially food producers) under the bus in favour of cheap imports from abroad which have low
by namelost 9y ago
Rich Brexiteers such as Liam Fox are happy to throw UK producers (especially food producers) under the bus in favour of cheap imports from abroad which have lower environmental standards.
The parent is absolutely correct that the pro-Brexit politicans are using the working poor as their useful idiots.
- deleted 9y ago[deleted]
- namelost 9y agoFurther to this, it is interesting to consider their motivations. Usually trade policy is an attempt to reconcile two conflicting goals: 1. To protect your own industries/producers 2. To grow your export markets abroad They are conflicting, because growing export markets (by striking trade agreements) often requires concessions that may damage sectors of a state's internal market. States attempt to strike the right balance of protectionism and free trade. The Brexiteers' trade policy seemingly values neither protectionism nor free trade. They do not care if they damage UK producers by flooding the UK market with cheap imports. And they do not care if they damage UK exporters by throwing away all the UK's trade agreements and reverting to WTO terms. Why? Because they do not care about trade or industry. For ideological reasons they wish to turn the UK into a low-tax, low-regulation state. Trade and industry are a mere inconvenience to them. The irony is that the UK was already becoming such a state while it was in the EU, and the loss of financial passporting is extremely damaging to the City and thus to the Brexiteers' project. They just haven't realised yet.