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Whichever party controls government will have to both borrow and print money - there is simply tons of things the UKGov will have to spend money on for any kind of Brexit. If you take a look at UKGov spending just in the last two years it has shot up (in preparation for Brexit).
Sure, Labour would probably print more money than the Tories, but that's not necessarily a bad thing. They would also be more likely to invest in services and pump money into regional infrastructure than just prop up banks (which will also need a lot of support).
In cases where inflation is caused by a recession because of the economy being hit (rather than just currency fluctuations, the economy overheating, or excess debt), investing in infrastructure projects is the best way to stabilise it.
If they don't and instead *only* lavish spending on social programs - the NHS, education, welfare, etc. - there is the risk of a Venezuela effect. Yes, all those things need (and deserve) extra spending, but by themselves they won't improve the economy.
What this country needs is a long period of infrastructure spending (specifically, outside of London and the home counties). Not some half-hearted promises for some extra cash, but large scale projects that will improve productivity.
It also needs to address the skills and training gaps. Not just in health and trade sectors, but also in governance. Government, both at the local level and at Westminster, is seen as unresponsive, inefficient, and incompetent.
We have been increasingly treating government services like businesses (even the language they use is changing to be corporate jargon) but it obviously hasn't been working.
A business reduces inefficiencies by eliminating them, or out-sourcing them to third party providers (where it is more time/money efficient). That doesn't work when the "unprofitable" services are youth centres, carers, mental health, etc. People not "customers" or "clients".
A business management degree doesn't prepare you for choices that need to be made for services which lives depend on and the profit is quality of life - especially for the people most in need of assistance and least able to provide it for themselves.
I'm not sure if we have (or had) public service management or governance degrees in the UK. I know they do in other countries and they are considered very respectable.
I think we'd do well if a prerequisite for a managerial position in government (local or national) were a degree in governance, and perhaps a Masters to become an MP - too many of them clearly do not understand how governance works (or is supposed to work).
So you have two parties, the Tories who will undoubtedly repeat what they did after the Financial Crash (pump money into the banks, austerity for everyone else), or Labour who (given Corbyn's leanings) is likely to burn money propping up failing industries.
Neither party is willing to accept the impact of Brexit. Neither seem to understand how business works in *this* century. Both want to turn the clocks back to how things were in the 70's (the 1870's in the case of the Tories).
Most economists agree that the impact of Brexit will be worse than the Financial Crisis (ranging from half as bad again, to three times as bad) and last for at least 10-15 years (for context, the crisis is considered to have lasted about 2-3 years)
I have no idea what the immediate effect of Brexit will be (anyone who tells you they know is a liar) but there will be long and painful period of decline. House prices won't fall overnight, but the currency markets will.
The negative effect of logistic and trade complications will wipe out a short-term boost a lower £ would have for manufacturing - and a quarter or two down the line industry will find itself struggling to pay for (and import) raw materials and components because of the weaker £.
This, the following, and possibly the next government after that will be in a perpetual state of crisis management - and take a look at what kinds of government they will be. Both sides are wedded to their ideologies and will doggedly persist in their policies no matter what.
It was a shit idea.
It was a shit decision.
It has been negotiated by a shit government in the shittiest possible way.
It will be implemented shittily.
It will run the country into shit.
You can polish it as long as you like, but in the end #Brexit was, is, and will be shit.
It was a shit decision.
It has been negotiated by a shit government in the shittiest possible way.
It will be implemented shittily.
It will run the country into shit.
You can polish it as long as you like, but in the end #Brexit was, is, and will be shit.
