Labour should commit to opposing Brexit if no agreement with the EU is reachedby Oliver Kamm / October 12, 2017 / Leave a comment
Theresa May provoked justified derision this week when she repeatedly refused to answer an interviewer’s question on whether she would vote for Brexit if a referendum were held now. A serious opposition party would have discomforted her by pressing the question. Labour cannot do this, however, because the prime minister has the obvious retort available of asking Jeremy Corbyn the same question. The answer is obviously that he would, in defiance of the views of most Labour voters and particularly of young voters.
A mountain of evidence points to what almost the entire economics profession predicted would happen in the event of a Brexit vote. Britain is lagging its EU partners and other advanced industrial economies. Real wages are falling. Business investment is on hold, pending an outcome to Brexit negotiations. By constraining flows of goods, services, investment and labour, Brexit will damage Britain’s economy in the long term just as the threat of it is already doing now. To this historic assault on workers’ living standards, Labour’s response is incoherence.