04 Dec '17, 1am

With Jeremy Corbyn's version of Brexit, we won't be Singapore - we'll be

With Jeremy Corbyn's version of Brexit, we won't be Singapore - we'll be

The Leader of the Opposition sees Brexit not as an opportunity to unleash the economy, but as a chance to regulate and nationalise to his heart's content N ever mind the chilling effect of Brexit on the economy, which we kept hearing about last year. What about the chilling effect of Corbyn? The Brexit vote conspicuously failed to trigger the promised downturn. Employment, output, sales, stocks, exports, growth – all have risen, to the visible annoyance of many Europhiles. But the possibility of a Corbyn-led government is in a different category. He is not offering a partial reorientation of our trade toward global markets, but full-on socialism: nationalisation, tax hikes, confiscation of assets, massive state spending and a currency collapse that would in all likelihood lead to exchange controls. What if the markets start pricing in the likelihood of a Corbyn regime? Or ...

Full article: http://www.telegraph.co.uk/news/2017/12/02/jeremy-corbyn-...

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