Major issues

I don’t want to keep banging on about Brexit but as the Article 50 period approaches the halfway mark, the pitch of the debate is intensifying as Remainers line up to point out the flaws in the Leavers arguments, who in turn respond by accusing Remainers of being unpatriotic. Former prime minister John Major waded into the debate yesterday by pointing out all the flaws in the Brexit argument and criticising the government for boxing itself into a corner by refusing to countenance any deviation from a policy which is likely to prove extremely costly.

It was punchy stuff but then Major has never shied away from a fight, and we should not be fooled by his calm demeanour. When it was suggested by the likes of Iain Duncan-Smith that he should hold his counsel in order to avoid undermining his successor, Major responded that he has rarely spoken out on the EU issue, unlike his own predecessor Margaret Thatcher, who in his recollection spoke out “weekly”. Indeed, Major has more cause than most to be irritated by the actions of a vocal minority of backbench MPs who spent the years 1992-97 undermining the efforts of his government.

At the time, Major was not regarded as a particularly impressive prime minister but he increasingly looks like a political giant as we deal with the pygmies attempting to implement policy today. Indeed, in June 1995 he memorably faced down his detractors by resigning as leader of the Conservative Party whilst serving as prime minister and challenged anyone to take him on. In the end, he comfortably beat off the challenge of the Eurosceptic John Redwood (who still haunts the backbenches of Westminster today). It was a very courageous move and one which Theresa May would do well to emulate, though she appears to lack the political courage (and probably the support of her party’s MPs). And lest it be forgotten, it was Major’s government that secured opt-outs from the Maastricht Treaty which kept the UK out of the European single currency. The legacy that he bequeathed to successive UK governments was thus a considerable one which his party now appears intent on squandering.

The years of Major’s premiership were not happy ones, dogged as they were by a party that was split on the issue of the EU, and as prime minister Major often seemed to be a prisoner of events. But his was a remarkable triumph over adversity, coming from a poor household and without the benefit of a university education. If anyone should be able to understand how Brexit will impact on the poorer members of society, surely it is him. And as has been pointed out many times, it is ironic that the leading lights of Brexit are well-educated, well-heeled members of the establishment such as Boris Johnson and Jacob Rees-Mogg. But as well-educated as these honourable gentlemen may be (and I use the term advisedly), they are clearly none-too-bright.

The attached pic shows a tweet from Rees-Mogg which highlights an article from The Sun newspaper outlining how much consumers would save if the UK were to leave the customs union. For example, the article notes that a pair of Nike Air Trainers, which currently cost £120, would be reduced to £99.60 if the 17% tariff on imports of such items was eliminated. Unfortunately, that is arithmetically incorrect. A £120 pair of trainers would actually cost £102.56 if the 17% tariff is abolished because the authors have wrongly calculated the new price as 120*(1-0.17) instead of the correct method of 120/1.17 – and have done so for every single item on the list. Jacob Rees-Mogg, educated at Eton College and Oxford University and who runs his own fund management firm, failed to spot the error and indeed compounded it by retweeting the original. He also accused Jeremy Corbyn of voting against the implementation of the Good Friday agreement in Northern Ireland when in fact he did no such thing.

So the next time Rees-Mogg makes claims in favour of Brexit, remember he is the guy who does not do the checking of basic details. John Major’s speech laid out the Brexit facts – and for too many Leavers the facts are an inconvenient detail which undermines their case. But they must be held to account on the facts because the Brexit vote was determined in their absence – and look where that got us.