Latest email from Tim Congdon

money down the drain2

If you don’t already subscribe to Tim Congdon’s excellent emails, click here to read his latest.

As ever, it is a considered and logical piece looking at the economic FACTS about Brexit.

145 nations are outside the European continent altogether. These nations have a combined population almost nine times that of Europe and 14 times that of the EU. It is true that on average they are poorer than Europe, which reduces their economic importance. However, the output of the non-European continents is more than 80 per cent of the world total. Further, this figure has risen sharply in the last 30 years and is certain to increase for many decades to come.

And he points out;

The 145 nations include the US, China and Japan, and Canada and Australia. Is the US in geopolitical outer darkness? Are China and Japan struggling to escape from a tenebrous abyss? Have Canada and Australia been hurled into “economic outer space”? All Brexit advocates are proposing is that the UK ceases to be a member of the EU and takes a position among the nations of the world similar to that of the 164 present nonEU states. That is all.

Sense and sanity in what is becoming a campaign of fear, doom and . . . frankly . . . bovine faeces.







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