Steven Woolfe is still UKIP in sheep’s clothing

Wannabe UKIP leader Steven Woolfe is the latest Right-wing populist to discover the virtues of progressive language in his bid for working class votes.

Steven-Woolfe

On the BBC Today programme this morning, the MEP repeated his ‘social mobility’ pitch, saying he hopes to target Labour seats in future elections.

Woolfe, who made headlines today after missing the deadline for submitting his leadership nomination, has talked a Leftish talk before. In an interview with IBTimes on Thursday, he said:

‘My biggest concern is that we want to have an economy that treats everybody as fairly and equally as possible to make sure that no one is left behind and that someone is listening to them.

We’re not out there to protect the big corporates ripping us off.

We believe in a fair taxation system, we believe in capitalism not corporatism, but more than anything else we believe in people.’

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Brexit and global growth

The IMF’s chief economist says that Britain’s vote to leave the EU has ‘thrown a spanner’ of the global recovery.

DAVOS/SWITZERLAND, 26JAN13 - Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; World Economic Forum Foundation Board Member is seen during the Session 'The Global Economic Outlook' at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 26, 2013. Copyright by World Economic Forum swiss-image.ch/Photo Moritz Hager

After the global economy performed better than expected at the beginning of 2016, the fund has today slashed growth forecasts for the UK and the world, blaming the referendum result for ‘a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences.’

This is consistent with the IMF’s pre-Brexit prediction that a Leave vote would could trigger ‘a protracted period of heightened uncertainty’ and cause long-term damage across economic sectors.

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Scottish economy would be damaged by Brexit, says new report

The Scottish economy faces the prospect of considerable damage if the UK votes to leave the EU.

Nicola Sturgeon discribes situation after brexit

According to a new commentary from the University of Strathclyde’s Fraser of Allander Institute, ‘there is a high probability that output and growth in the Scottish economy will be damaged if the United Kingdom votes to leave the EU’. It added:

‘First, the likelihood would be that trading arrangements would be less favourable than in the EU.

Not only would actual and potential Scottish exporters have to overcome a potentially weaker competitive position due to lower labour and total factor productivity, they may also have to face the additional hurdle of less favourable trading arrangements.

Secondly, uncertainty attaching to a Brexit and the terms of any subsequent arrangements might worsen Scottish productivity growth through the negative effects on trade competition, inward investment and financial integration.’

Publishing the commentary, Brian Ashcroft, Emeritus Professor of Economics at the Institute, warned that leaving the EU could place more of a burden on Scottish companies and the economy. He explained:

‘At a time when there is increasing policy concern about Scotland’s productivity and growth performance a vote to leave the EU would place an unnecessary burden on Scottish companies and economic policy.’

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