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philipp plein milano fashion weekIt’s philipp plein milano fashion week the EU facing economic disaster NOT Brexit Britain, argues LEO MCKINSTRY – Leo McKinstry – Columnists – Comment – Express.co.uk

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It’s the EU facing economic disaster NOT Brexit Britain, argues LEO MCKINSTRY | Leo McKinstry | Columnists | Comment | Express.co.uk

GETTY Far from sinking into recession post-Brexit-vote, the British economy is buoyantWithin days of a vote to withdraw, they warned, our country would be engulfed by the storms of financial crisis and commercial meltdown. But more than a month after the referendum this disaster has still failed to materialise.Far from sinking into recession the British economy is buoyant. Despite all the gloomy talk about the likely damage caused by the referendum the latest figures show that growth in the second quarter to the end of June actually reached 0.6 per cent, up from 0.4 per cent in the first quarter.The fundamentals are stronger than ever. Employment rates are at a record high, interest rates at a record low. Boom rather than gloom appears to be the prevailing mood of business. Related articles Supermarkets set for price WAR as Morrisons launches post-Brexit cuts Cameron’s Project Fear cronies hit the jackpot in self-serving hono… Last week pharmaceutical conglomerate GlaxoSmithKline revealed plans to invest £275million at three of its British plants. Sir Andrew Witty,philipp plein tokyo, the company’s CEO, had said before the referendum that a vote to leave the EU would be “a mistake” because it would “create uncertainty”. Now Sir Andrew admits that post-Brexit “the underlying attractiveness in terms of the UK’s economic strengths and its fiscal environment haven’t changed”.Consumed by their worship of Brussels and contempt for their own country the “Remoaners” argued that,philipp plein couture 300 crossroads, in the event of a leave vote, Britain would become an insular, backward, isolated place, shivering on the sidelines while Europe forged ahead. That warning has proved empty.Freed from Brussels bureaucracy Britain is now taking its place on the global stage as an outwardlooking nation. Already at least 27 countries have indicated to the Government that they would like to strike deals with the newly liberated Britain, while the new International Development Secretary Priti Patel, a prominent figure in the Leave campaign,philipp plein doudoune shoe, declared yesterday that she wants to use Britain’s vast £11billion aid budget as leverage to boost our global trade.GETTY Boom rather than gloom appears to be the prevailing mood of businessThat would be a far better use for our cash than the current colossal waste through mismanagement, gesture politics and support for dodgy regimes. The post-Brexit spirit of openness to global business has also been reflected in a stream of welcome news, such as London City Airport’s decision to invest £344million in its expansion and the move by American bank Wells Fargo to spend £300million on a new European HQ in London.What must be disturbing to the Remoaners is the spectacular irrelevance of Brussels to all this activity. They claimed that EU membership was crucial to survival yet in reality Britain is managing perfectly well. Last week new official statistics showed that British exports to the EU account for just 12 per cent of our economy, a dramatic fall over the past five years.British businesses now annually sell £288billion of goods and services to the rest of world, a far higher total than the £222billion made from sales to the EU. That gap exposes the hollowness of the Remoaners’ propaganda about our dependence on Brussels.Indeed it is the EU, not Britain,philipp plein handbag 300 crossroads pink, that is really in trouble. Given the sinking state of Europe’s economy, weighed down by debts and stagnation, Brussels bureaucrats are the ones who need the life raft of a British trade deal.Compared with Britain, growth across the EU is anaemic,philipp plein superman t shirt replica, up just 0.3 per cent in the last quarter. In France, which was once seen as the powerhouse of modern Europe, there was no expansion at all. For all the Remoaners’ talk about a post-Brexit calamity, the next economic crisis is likely to occur in the EU, triggered by another bailout shambles or banking collapse.The shadow of chaos is looming over Italy, whose banks are sitting on £300billion of bad debts, the majority of them consisting of loans to insolvent borrowers. The EU has brought this mess entirely on itself through its preference for federalist ideology above the genuine economic needs of the member states.The dogma of political integration explains why Brussels has been so obsessed with the imposition of the single currency and free movement, even though both policies have turned out to be destructive failures. Yet the federalists’ only answer to this never-ending catastrophe is yet more unity, more central control.“Our only hope for the future is to invest in a sovereign,philipp plein jean size chart, strong and united Europe,” says EU vice president Frederica Mogherini, an Italian socialist who perfectly encapsulates the doctrinaire outlook of the EU. The EU is a basket case, completely unsustainable in the long term.The last thing our country needs is to be sucked into years of tortured negotiations with the useless officialdom of Brussels about new trade arrangements. No complex deal is necessary. We can stand on our feet. The end of free movement will be a blessing,philipp plein logo vector, pushing up living standards and lessening the pressure on our infrastructure.As members of the World Trade Organisation we already have full rights of access to the single market – any tariffs are certain to be far smaller than the £10billion net contribution we had to pay as the price of our EU membership. The British people voted for freedom on June 23. Our Government should embrace the wisdom of that decision instead of fussing about failed ideologues in Brussels. Related articles Seaside has high hopes for tourism after Brexit Theresa May jokes Juncker ‘could have been DRUNK’ during Brexit chat Brexit Britain is still open for… holidays

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