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The Guardian - UK
The Guardian - UK
Politics
William Keegan

Only taxing and spending can repair the damage of Brexit. Who will tell Labour?

A red banner with the image of a sinking ship and the words 'Brexit: a titanic success' in front of a person carrying an EU umbrella
Brexit has been such a disaster that Labour is now timidly taking up the cudgels. But far more boldness is needed. Composite: Sinai Noor/Shutterstock

‘You made a mistake, Keegan. I don’t like mistakes. Just don’t do it again.” Those words were spoken by the then editor of the Financial Times, Sir Gordon Newton, early in my career and they have stayed with me. Newton had an air of great authority. I often sense his shadow leaning over me to this day.

Alas, the shadow was not in evidence a fortnight ago. I had been much struck by some remarks by the financier Guy Hands quoted in the New European, and I requoted them in this column. They included an excoriating attack on the band of financiers who had supported Brexit, in their own interests but certainly not of the country’s.

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