Reply to post: Re: Econ 101

Brexit may not mean Brexit at all: UK.gov loses Article 50 lawsuit

Captain Queeg

Re: Econ 101

The trouble is for most goods, "Buying British" is far from simple - and sadly it's that sort of bullish over simplification that's landed us in this mess.

We lack the natural resources of many of our competitors and as a country we've exported our manufacturing loading more and more or our metaphorical eggs in to the services - specifically financial services basket.

Tactically every one of those decisions was arguably defensible as a good decision at the micro level but strategically almost none ever were.

Bit of a parallel with Brexit really - The UK faces a tough choice, but as per the national idiom chooses the easy, lazy *short term* option...

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