The Brexiteers have lost the economic argument


The Brexiteers have lost the economic argument and deep down they know it. 

Week after week the statistics and the day-to-day experience of ordinary people are demonstrating that the promise that Brexit would be good for the economy, or at least do no harm, has proved false.

The slump in the pound is driving up prices for all imported goods, and households are feeling it in their pockets. It was argued that a weaker pound would boost the competitiveness of UK exports. 

The slump in the pound is driving up prices and households are feeling it in their pockets

This, on the face of it, could have proved correct. But now it is becoming clearer that even this silver lining has failed to materialise.

Trade figures last week showed our deficit widening as exports of goods fell by almost 5 per cent.

The realisation that a Brexit boom is a nonsense is also…



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