Doom and gloom mongers predicted Britain going in recession if we leave EU. But in sharp contrast, businesses have rallied around; investment is on the rise, especially in car industry. The latest firm to announce plans to invest heavily is Tata’s Jaguar and Land Rover, doubling production and increase work-force by ten thousand.
This newly found confidence could turn into disaster, self-inflicted euthanasia if our feeble politicians fail to secure fair deal to remain in free EU trade zone, are bullied into submission from Brussel based autocrats. Reality is EU needs us more than we need EU, every four jobs lost here will result in five jobs losses in EU, with £80 billion trade surplus for EU, especially for Germany, as we are their best market for car export. No wonder German industrialists are putting pressure on their government to give us good deal. But minnows like Malta and some East European countries will try their best to sabotage fair deal, unless we agree to free movement of labour, as they have nothing to lose by blocking such deal.
But Germany and France, who lose most if denied free access to British market should win, as Germany’s financial contribution keeps EU afloat? But elections in France and Germany are on the horizon, political future of EU uncertain, especially if National Front firebrand Marine La Pen becomes next French President who advocates withdrawal from EU and abolish free movement.
Bhupendra M. Gandhi
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