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The cost of Brexit

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Do you get the impression that the British government is desperately hoping that the British people are going to have a re-think over Brexit? The Chancellor of the Exchequer Philip Hammond has said that leaving the European Union will cost the British economy billions of pounds. After he made the statement, he was quickly attacked by some of his own MPs for scaremongering and giving gloomy predictions. Poor man, next time be more economical with the truth, Mr. Hammond, you wouldn’t want to give the British people the wrong idea. And for once, and only once, I agree with the leader of the opposition, Jeremy Corbyn, who has claimed that the government hasn’t got a clue what to do over Brexit.

But perhaps the government has got a plan; wait until certain sections of the British public realise that they have made a big mistake and do a U-turn on Brexit. The only thing that Theresa May, the prime minister, seems to believe is that Brexit means Brexit. Yes, but what does Brexit mean for the British economy? A big bill, according to Mr. Hammond. In fact, what Britain pays the European Union is far less than the final bill for Brexit. Corbyn has claimed that the British economy will suffer and he is not wrong. The British economy is set to grow less than expected because of Brexit, meaning that the Treasury will have less money, meaning that Mr. Hammond will have to borrow more. But keep quiet Hammond, you don’t want to alarm people.

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