There is little doubt that the British economy is in a worse state than most other advanced industrial economies. This calls for a nationwide debate over the causes and potential fixes for this productivity slump. But to say that it’s all Brexit’s fault is a specious thesis that has little to do with economics.
Moreover, the determination to blame Brexit for everything going wrong is letting the Tory government off the hook. Politicians used to blame the EU for their own inaction on economic policy. Now that Brexit gets the blame for Britain’s continuing economic woes, the failure of successive governments to pursue a programme for productivity growth can be downplayed.
Read the full article here.