Quote:
Originally Posted by TheDaddy
I'm interested in this part, what do you think will happen now they can't undercut British wages with cheap imported labour? I remember banging on relentlessly about this 15+ years ago and no one seemed to care back then.
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They’ll either put up wages (and prices!) or just cease trading.
Look at the
entrepreneurial spirit of the energy companies. Joining the ranks of Carillon and half the train operating companies that have ever existed.
Whatever the merits of leaving the EU or otherwise the decision to rush the process benefits venture capital and asset management firms who get to enjoy the “once in a generation” opportunities to feed on the carcass of an economy in chaos.
There are no plans to upskill UK workers, no plans to raise wages, no plans to improve living standards, no plans to tax large multinationals on profits from income generated in the UK, no plans to improve public services. All of the things taking back control could and should have meant.
The reality is the main beneficiaries need none of these things as their capital remains mobile even if workers are not.