‘Nations stumble upon establishments, which are indeed the result of human action,
but not the execution of any human design.’
Adam Ferguson, An Essay on the History of Civil Society (1767)
Showing posts with label Philip Hammond. Show all posts
Showing posts with label Philip Hammond. Show all posts

03 August 2017

On the Record | Anguish among Brexiteers starts to grow palpable amid Tory handwringing

Please see my latest wire as Brexit diarist for The New York Sun, ‘Anguish among Brexiteers starts to grow palpable amid Tory handwringing’:

Anguish among the Brexiteers is palpable in these long days of summer, even to your diarist on the far shores of Nova Scotia. Proponents of Britain’s exit from the European Union must suffer not only the daily insults of Remainers and other Europhiles, plus the hostile press, but dissension in the ranks of Britain’s own cabinet ministers, most of all the chancellor, Philip Hammond.

In an interview with the French daily Le Monde, Mr. Hammond said that he “would expect us to remain a country with a social, economic and cultural model that is recognizably European.” The BBC reports that “tax raised as a percentage of the British economy ‘puts us right in the middle’ of European countries,” according to Mr. Hammond, who added, "We don't want that to change, even after we've left the EU.”

We haven’t heard such absurdity since “1066 and All That.”

There was a time when personal enterprise was encouraged. Such drive fueled the amazingly productive period of the Industrial Revolution when the Empire spanned the globe. Is Britain returning to the sclerotic 1960s and 1970s when the nation was hamstrung by Marxist labor, high tax rates directed by redistributionist policies, the folly of pursuing the equality of a “classless society,” and the nationalization of key industries and services? A time when entrepreneurial initiative, economic growth, and upward mobility were frowned upon, when the Establishment goal was simply “the orderly management of decline”?

Read more . . .

__________

My thanks to editor Seth Lipsky of The New York Sun.

21 June 2017

On the Record | Elizabeth makes it official: The Queen backs Brexit and independence

Please see my latest wire as Brexit diarist for The New York Sun, ‘Elizabeth makes it official: The Queen backs Brexit and era of independence’:

“My government’s priority is to secure the best possible deal as the country leaves the European Union.” With these words Queen Elizabeth today officially opened the 57th Parliament. With the first session scheduled to last two years, it should give the Conservative government sufficient time to concentrate on exiting the European Union by March 2019. So the British ship of state has cleared its decks for Brexit.

As if to emphasize the seriousness of the moment, the State Opening lacked the pomp and circumstance of past years, with the Imperial Crown simply carried in procession and Her Majesty, foregoing the state coach to arrive by limousine and wearing not her ceremonial regalia but a bright blue dress and matching hat. The speech itself was a model of brevity, listing in curt succession the future agenda of the Government.

Many of the economic consequences of Brexit were foreshadowed by the speech of the Chancellor of the Exchequer, Philip Hammond, to the Mansion House yesterday. Clearly stung by the results of a snap election meant to strengthen Prime Minister May’s hand, not weaken it, Mr. Hammond admitted that Tories “must make anew the case for a market economy and for sound money” and how “stronger growth must be delivered through rising productivity” as “the only sustainable way to deliver better public services, higher real wages and increased living standards.”

The Chancellor then delivered the strongest case for Britain’s independence — away from the European Union and toward global opportunities: “That means more trade, not less; maintaining our strong trade links with European markets after we leave the EU, as well as seeking out new opportunities for trade and investment with old friends and fast growing emerging economies alike.”

Read more . . .

__________

My thanks to editor Seth Lipsky of The New York Sun.