Exports are performing badly, pace the fantasy world of the Daily Express; supply lines for imports once regarded as routine are disrupted or discontinued altogether; staff shortages owing to new restrictions on travel and employment of our fellow Europeans are hurting the hospitality trade in what we used to boast about as our “service economy”. The UK’s economy is “5% worse off than it would be in the EU” according to a recent well-researched report by Goldman Sachs. Welcome to Brexit Britain!
In the early days of the Brexit disaster, I met Michel Barnier, the EU’s impressive negotiator, at a high-powered conference on Lake Como organised by the Ambrosetti Institute. We agreed what a disaster was in store if the UK did not come to its senses.
