Brexit poses real dangers to the UK's economic stabilityby Anatole Kaletsky / March 24, 2016 / Leave a comment
Published in April 2016 issue of Prospect Magazine
Boris Johnson describes it as “Project Fear,” but there is another name for the strongest argument for Britain to stay in the European Union. A parent telling a child not to play with matches or a friend who prevents a drunken companion from getting into the driver’s seat calls this common sense. Politicians who describe the economic risks of Brexit are castigated for trying to “frighten the voters” and advised by media commentators to present a positive, idealistic story.
But when we try to stop a drunk from driving or a child setting fire to the curtains, we do not appeal to their idealism or remind them of the joys of life. We warn of the terrible consequences that could result from reckless actions and in doing this, our burden of proof is very low. We don’t need to prove that the house will burn down or an i…