Should Dominic Raab MP resign?
Last Thursday (27 October) Dominic Raab MP held a meeting for local residents in Claygate. With 60% of his constituents having voted 'remain' in the June referendum the audience was keen to hear whether Mr Raab would have a reassuring message to offer. This was not the case and one audience member asked Mr Raab if it was a matter of honour for him to resign as he does not represent his constituents' views fairly. Here are some audience reactions after the event:
- Mr Raab, you made rather light of the roughly 20% drop in the pound. While this has some compensations in making British industry more competitive, if as seems likely it persists, it will have the inevitable result of boosting inflation probably into the 3-4% area for several years, which will erode British living standards. These things tend not to strike home right away, but over time a drop in the value of the currency gets reflected in the purchasing power of ordinary people.
- You do not believe the British parliament will be able to veto the Article 50 submission, scrutinise yes, but no veto. This leaves the future of our country in a very narrow set of hands from within parliament!
- You were keenly focussed on today's data.... GDP (better than expected), the FTSE (highs), inflation (just 1%). But made no recognition of the future... inflation is clearly on the rise, hiring intentions are falling, and the FTSE is so high because the international earnings are translating into more pounds.
- Mr Raab, your dismissive attitude to people who oppose you, your ideological fanaticism focusing on 'deals' and increasing tendency to play the man not the ball have stiffened my resolve to continue the fight. I was encouraged by the lack of substantive contributions made by your 'fan club'...just a series of braying noises on cue when an opponent dared to challenge their hero, which sadly led you to go on repeating 'the truth is..!
- I was uncomfortable with the way you slyly used your supporters against your critics. You were happy to mock people opposed to your views and used emotive language when talking about refugees – on the one hand using numbers of Syrian children into this country to show some mock humanitarian gesture – you in fact voted AGAINST the children coming here.
- You just did not take seriously any of the ordinary mothers' concerns about the future opportunities for their children after Brexit. Neither did you for that matter consider it worth while to consider what is already happening in small and medium sized business - layoffs throughout the supply chain.
- On the day when the Banking Association told us that some banks are planning to re-locate as early as December you were cock-sure they would not have any place in Europe to go to.
- You also stated that a good deal was likely because it would be in the economic interest of both Britain and EU countries to have one. I suggest that you are being naïve in the extreme. The western world these is days is riddled with anti-trade, anti-globalisation, protectionist sentiment. These elements are essentially irrational and unable to properly assess such self-interest and are likely to have their way irrespective of the economic self-interest that perhaps more reasonable people might perceive.
- By the same token the ‘spite’ that you referred to could also easily prevail. History suggests that human being very often take decisions for reasons such as national pride, religious allegiance and many others that have nothing to do with economics. In my view the decision made in the recent Brexit referendum is itself an example of just such a tendency.
- You also glossed over the potential challenges of the UK joining the WTO. Although Roberto Azevêdo the current director general does not see a problem with it does not alter the fact unanimous approval is required may delay matters and the UK may need to jump through hoops and make messy compromises in order to eventually achieve membership.
- Could you possibly avoid repeating “the truth is…”, when it is not a truth.
- May I suggest you should tone down your remarks about the strength of the economy. I predict yesterday’s growth figures will be revised downwards in due course and we will remind you of your optimism if this is the case. You brushed off a 20% devaluation, which in earlier generations would have seen a government fall.
- You mentioned Glaxo’s increase in profits as evidence. They are of course higher as its revenues are in foreign currency and the pound goes down 20%. That does not show a strong economy; it just demonstrates that Glaxo is a good hedge against sterling.
- You also brushed off questions about what you would do, if the government fails to achieve the optimistic Brexit you outlined. You should seriously consider what interim arrangements could be put in place once the two-year article 50 time is up to cover Britain until permanent arrangements can be agreed.
- You talked up worse case scenario being WTO rules and the EU external tariff as "not that bad and potentially more advantageous than we have now". You are completely blind to the rhetoric coming from EU leaders, such as Francois Holland, saying that Britain will need to pay the price for leaving the EU. How do you think that means we'll have a better trading relationship with the EU than we do now?
- You repeated the Brexit line that the EU needs trade with us more than we need trade with them (German cars.. etc) but that has widely been dismissed in Europe as nonsense. We represent about 9% of German car exports so yes they will feel pain over Brexit, but they aren't going to sacrifice the four EU principles over that. The EU takes something like 45% of our total exports so they hold all the cards in this negotiation.
- Please don’t forget that people in Elmbridge did not vote for Brexit and the country did not vote to become poorer. Whenever you mention trade, also mention services. That is how Elmbridge mainly earns its living.