What does Brexit have to do with it?
Are you kidding? It has everything to do with it! Brexit has opened the door to low tax and low regulation (workers rights, breaches of environmental and food standards) etc.
If you reject the broadly Christian, liberal, democratic values of the EU, what are you going to replace it with? It’s obvious if you reject collective cooperation then individualism is the way things are going to go.
Everyone criticised the “sluggish” EU economy but look at it another way, the EU economy is stable, not volatile like today’s uk shit show where the most vulnerable are exposed to the effects of unstable economics.
There’s no doubt about it, this is an economic gamble of the highest order. And if the UK had adopted the Euro, KK would not have been allowed to play with sterling as he is doing now, as it would have been a breach of the compliance criteria.
Th only this gamble could pay off is if we see growth; which is very unlikely given Covid, the war in Ukraine & raised fuel prices and massive gaps in the workforce!
How do we get out of a period where we spent too much and borrowed too much by borrowing more? This could provoke a run on sterling. It’s totally irresponsible.