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Why UK firms are losing patience with the ideological fantasies of Brexiteers | The Independent

‘Close your eyes and envisage a new technology, which doesn’t currently exist but which we very much hope will soon come along…’

Comparisons between politicians and business leaders are generally to be avoided. But sometimes they can be instructive.

Imagine if a chief executive was explaining to her governing board how she planned to tackle a major looming economic threat to the company’s profitability. Imagine if she started her presentation with the words: “Close your eyes and envisage a new technology, which doesn’t currently exist but which we very much hope will soon come along…”

How long would she be likely to remain in her job? Indeed. But standards appear to be somewhat lower in politics. Or at least different.

There seems to be confusion about the nature of the EU’s customs union. Many commentators (and even some economists) talk about it as essentially a problem of tariffs: levies on goods as they cross borders. But this is only part of the story, and not the most important share.

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Sorgente: Why UK firms are losing patience with the ideological fantasies of Brexiteers | The Independent

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