Third, we need to get on with out next industrial revolution. This is the transformation to a sustainable basis for living. The payback on investment in sustainable energy is incredibly high: the industry could create jobs in every UK constituency and durable jobs for vast numbers who want them.
Rather missing the point that jobs are a cost, not a benefit.
Fifth, in point Brexit Britain we have to get banking right. Firstly, we have to recognise that banking as most people think of it is a service which makes almost no money for banks right now.
Sigh, the free float is the very thing which makes banking profitable.
Third, we need to build strong economic relationships based on sustainable foundations. Our trade deficit is a real issue, unlike our government deficit, which is just a matter of book-keeping.
And he’s got that the wrong way around, hasn’t he? The trade deficit is, by definition, balanced by the capital surplus. Thus it’s not an issue.
First, the requirement for QE disappears if we are not in the EU. We can simply fund any government deficit by the Bank of England making direct loans to the Treasury if it wishes. The first opportunity Brexit provides is to abandon the deficit paranoia which is implicitly required by EU membership.
And that’s the road to Venezuela and Zimbabwe.