George Osborne is generally right to say that the dire position in which the British economy has been placed, with regards to a global downturn, is a consequence of Gordon Brown failing to "fix the roof when the sun was shining" during his 10 years as Chancellor.
But, if Osborne is also prepared to say that we have the "worst public finances in Europe", I wonder how far he would go to say that it is precisely because of Europe that we are ‘psycho-economically’ unprepared and left with an inflexible and heavily regulated EU-based economy which cannot readily adapt to significant global changes?
Many people, I am concerned, confusingly assert that it was Labour’s European outlook which brought relative economic success during Brown’s Chancellor years, when in fact, draconian Europe surfed upon a high tide of global prosperity – and in my belief, denied the majority of the British people from actually prospering from access to all sorts of opportunities within markets across the globe. If Osborne really wants the British economy prepared, its binds unbound and the gag removed, he must look to the European treaties and from thereon in, seek renegotiation or repeal.
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