Monday 5 December 2011

Beware the Euro spin...

Douglas Carswell MP (Commentator)
""An EU referendum would plunge Britain's economy into chaos"

Not true. The British economy is in a mess because successive governments have spent way beyond what the tax base can sustain. Governments of all three parties have acted as though they could engineer growth using monetary (and to some extent fiscal) stimulus. It has not worked, instead sowing the seeds of disaster; a credit bubble and bust, plus chronic malinvestment.

Holding a vote on Europe would, of itself, be no more economically disruptive than one on, say, AV or electoral reform.

Voting to quit the EU, however, might just enable us to begin to make some of the supply-side reforms needed to make Britain competitive in the longer term."

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