There's no better reason than this for a Clean Brexit

Well, we’ve all been expecting it for some time. Now it seems it is upon us.

“Something Biblical is approaching”
2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the central bankers, most notably those of Jay Powell. However, this is all just a distraction, a side-show. The market volatility was only the first sign of an approaching global economic crisis, as we warned in December 2017.

As the recent PMI figures across the globe show, a global downturn has started and the world is utterly unprepared for it. The global imbalances that have been growing for years cannot lead to anything else than a global crisis . However, there are different paths the crisis could take.

Here, we present three scenarios that the global economy is likely to follow, when the global downturn morphs into something much more sinister.

We’ll start with the most likely scenario: Global Depression.

That from Zerohedge. And from Matthew Lynn in the Telegraph, ‘The next Eurozone crisis has already started’

The numbers coming out of all its main economies, from Germany to France, Italy and Spain, are relentlessly bad. What does that mean? Far from winding up quantitative easing, the European Central Bank will be forced to step in with emergency measures to rescue a failing economy – but it may well prove too little, too late.

It’s becoming increasingly clear that May’s deal is like nothing more than clutching tightly to a man just about to jump off a bridge, whilst the EU is of course keen to pocket Britain’s £39bn as rapidly as possible and ensure we go down in the Brussels Götterdämmerung. 

It would be a short-sighted and foolish government indeed who would want to lock the nation into a restrictive, destructive and harmful treaty at such a time. Britain is better placed by far to weather the coming storm alone and unencumbered, with our resources in the bank and trading on WTO terms. Those global corporates of the CBI and ERT that May is working so hard to please will be critically injured and many may not survive – so why shackle the people of Britain to their failure?

One thing is certain.The world economy that emerges with shredded sails and fractured spars from the storm will not be the same as today. Now is therefore actually the least favourable time for the world’s fifth largest economy to seek to lock itself into trade deals. Germany is effectively a monoculture, the entire nation and economy geared to late 20th century metal bashing. It is at great risk from the downturn. 

The fight for a Clean Brexit is a fight to free us to take advantage of the post-crisis world – a world of AI, of managed worldwide migration flows, a world in which Internationalism justly defeats Globalism. With a Clean Brexit, Britain stands poised to rise from the foamy froth of the stormy seas cleansed and renewed.  

For the nation’s good, May’s treaty must fall and we must leave the EU on clean terms.