According to one tale, the great Chinese statesman Zhou Enlai was asked “What are the consequences of the French Revolution?” To which he replied “it’s too early to say.” Like many good stories, it’s probably apocryphal; but it illustrates a wise truth. Don’t rush to judgement. In historical terms, the UK decision to quit the EU in 2016 was a seismic event at least as big as the French Revolution, or China’s own Cultural Revolution. Nine years on from the ballot, and three from that final sundering, can we make out anything at all?
Superficially, the case against Brexit appears to be overwhelming. GDP is down by anything between 2-5% each year.[1] Business investment and capital formation have taken a severe hit [2] Life expectancy, that key indicator of a thriving society, has actually started to fall is some areas. As for the much wished-for trade deals with the Leavers’ beloved White Commonwealth, these are either highly disadvantageous the to UK (Australia, New Zealand) or non- existent (Canada). Meanwhile the UK Government rushes to subsidise factories here, there and everywhere, with money which might be better spent on Defence or transport, all in the name of keeping a residual manufacturing presence. Case closed? No. Firstly because the analysis is too simple. Secondly, because we think that humans are not, primarily economic animals.
For starters, the above-quoted statistics are UK-wide. They disguise the fact that certain regions have weathered the Brexit storm better than others. Northern Ireland (membership of Single Market) and London and the South East ( residual proximity to the Continent) are two cases against. As for the life expectancy figures-these are a long term trend, and probably owe their origin to the years after 2010 when Remainers Cameron and Osborne introduced their programme of austerity.
For the second argument: let’s go back to basics. The European Union was founded first as a peace project, and only secondarily as an economic one (it was the failure to grasp this which led to the UK’s disastrous negotiating strategy-but that’s another story). The EU has indeed kept the peace between those ancient enemies Germany and France. But with the rise of Vladimir Putin, the days of peace are over-everywhere. As for prosperity-was it really all it was cracked up to be? More food seems mainly to have led to higher obesity. More money meant more fast cars, more items of throw-away fashion and easily- forgotten holidays. All of these may have to be dispensed with if our economies have to be diverted to defence. So-was Brexit simply an act of foresight, preparing the British people for the hard times that lay ahead? And there is one other factor, which we think is more important still.
When the UK coal miners struck in their bitter dispute of 1984-1985, they firmly declared one thing. It was not about money. It was, they said, about preserving community, belonging and their sense of identity.[3] And these feelings are rooted very deeply in the human psyche. Probably far deeper than a desire for shiny kitchens or luxurious furniture. These are the profound sentiments that Brexit touched upon-and we ignore them at our peril. History has not been kind to those mineworkers and the children, it is true. But it still remains to pass its judgement on the children of the Brexiteers. Let’s wait and see.
[1]https://www.economist.com/britain/2023/01/03/the-impact-of-brexit-in-charts
[3]https://www.channel4.com/programmes/miners-strike-1984-the-battle-for-britain/on-demand/73990-001
#UK #EU #brexit #gdp #miners strike #identity #trade
