Pierre is absolutely right. Particularly the point about increasing the BoE's ability to make meaningful interventions when necessary.
I also wonder how many people understand why it is necessary to have at least 2% year on year inflation. Of course the main problem we face, Brexit or not, is productivity. If that rises, then 2% inflation generates proper wealth.
---------- Post added at 15:22 ---------- Previous post was at 15:20 ----------
Quote:
Originally Posted by Mr K
If we ever do back in the EU we probably won't get the opt out/rebates we used to have. Its far from perfect, like most large organisations, but we might realise 'we never had it so good'.
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If as a result of a second referendum we stay in the EU then we keep our opt outs/rebates (unless those Brussels "whatsits" try to skew Article 50 to punish us). Btw, I do hope that the Remainers in this thread do at least share a large chunk of my opinion of the EU Commission as represented by Juncker and Salmeyr.