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The highlight of the Broxbourne All Members Meeting on 30 June was a talk by Andy Ross. Andy is a Labour Party CLP Parliamentary Spokesperson. Economist High Oak Enterprises, Fellow of the Academy of Social Science, Visiting Professor Loughborough and Visiting Research Fellow Leeds, Associate Lecturer Birkbeck, Patron of the Economics Network. Member of Council Academy of Social Science.  His most recent publication is “It’s The Economy, Stupid: Economics for Voters” which he co-wrote with Vicky Pryce and Peter Urwin.

Andy’s talk was entitled: “Brexit – our prospects”. Some of his key messages were:

  • That expert economists usually get the predictions right, despite what the media say, and they predicted short-term volatility and poor long-term growth if there were a Leave result.
  • The “shocks” to the economy so far have been even greater than after the 2008 credit crunch.
  • Uncertainty is bad for economies and there are already signs of decreased investment which will lead to decreased productivity.
  • Leave voters were likely to believe in a negative impact of immigrants economically. The truth is they actually fuel the economy, and increase wages by causing increased productivity. They increase services and decrease the ratio of national debt to GDP.

A number of issues were raised in a lively discussion and some of the points he made in response to questions were:

  • That Mark Carney won’t be able to raise interest rates and therefore pensions and annuities will be low.
  • There has been a huge increase in racist attacks. Racism and a recession are a dangerous combination.
  • That Labour should reverse austerity and that most economists disagree with austerity.
  • A National Investment Bank would also be a good idea.

Brexit- our prospects

The highlight of the Broxbourne All Members Meeting on 30 June was a talk by Andy Ross. Andy is a Labour Party CLP Parliamentary Spokesperson. Economist High Oak Enterprises, Fellow...

The next Broxbourne All Members meeting will be at 1930 on 30 June.  The venue will be Hoddesdon Labour Hall, Rye Road, Hoddesdon EN11 0JR.

The highlight will be a talk by professor of economics Andy Ross, who lives in Ware, and who will give his views about the effects of Brexit. There will be plenty of time for questions. We will also discuss the May local election results and the implications for the Herts County Council elections next year.

There is a lot to talk about and discuss and all members are very welcome.

Next Broxbourne Labour Meeting is on 30 June

The next Broxbourne All Members meeting will be at 1930 on 30 June.  The venue will be Hoddesdon Labour Hall, Rye Road, Hoddesdon EN11 0JR. The highlight will be a...

“The EU Referendum has produced a 'leave' vote in most of my constituency

and of the country.

Politics are based on the principle of consent and we have to accept

that the popular will is for Britain to leave the European Union.

As an elected representative and on behalf of the Labour Party, I

respect the result and must commit to its outcome.

I am proud of the way Labour fought the Referendum campaign. United as a

party, I believe we told the truth and regret the outcome.

I do not believe Britain's independence or democracy were ever jeopardised.

I am concerned that the economic consequences of leaving the EU will

prove to be fact not fear. “

 

“In Westminster, Labour must and will give the greatest priority to

defending jobs and services for working people, from the shocks which

will follow.

 

I worry about the divisive nature of the debate and for the continuing

loss of tolerance, respect and openness in our democracy.

 

It is not how I choose to practice my own politics. It is why I wanted

our country to continue to have an open and inclusive politics in

relation to our neighbours in Europe.

 

I was elected on public trust to serve the interests of my constituents

in the East of England and to represent our country.

 

I pledge to continue to uphold those responsibilities for as long as I

remain as your Member of the European Parliament. Labour will play our

own part to seek to heal the divisions created during the referendum

campaign.

 

In Europe, Labour must play our own role in the negotiations to secure

the best future relationships for our country.

 

It has been an immense privilege to serve you and I am deeply proud of

the work I have always sought to undertake to the very best of my

efforts - both in the region and in the European Parliament.

 

I greatly value the support and friendship I have been given from Labour

colleagues, members and supporters across the East of England and from

very many organisations and individuals across the wider electorate.

 

That support and friendship has come too from my fellow Labour Euro MPs

and from our colleagues from the other European countries.

 

However the immediate future sees my own work and responsibilities

continue, and other personal considerations are for the future. I always

said that the EU Referendum was far more important than any one

political party or politician. On that too, we told the truth.

 

However, I do not shed a tear at the resignation of David Cameron, who

was the author of his own downfall, right from the time he made promises

to his own Eurosceptic backbench MPs to secure election as the leader

of his party.

 

It proved impossible to overcome the years of acceding to

Euroscepticism in British domestic politics, in the few short weeks of a

referendum campaign.

 

I fear that our country will suffer deeply because of the internal

divisions of the Conservative Party.

 

Today I prefer to emphasize the positive convictions in my own and our

Labour Party's politics.

 

We remain firmly internationalist, anti-racist and committed to the

pursuit of social justice.

 

We were not able to fully realise those values in campaigning for

Britain to remain in the European Union.

 

But these are values in which we will always believe and for which I and

we will always campaign.

 

Thank-you to everyone with whom I have campaigned in the past few weeks

and thank-you to everyone who voted for Britain to remain in the

European Union.

 I am proud to be both British and European. I wish more of our fellow

citizens had felt that too.”

Message from Richard Howitt MEP to my constituents following the EU Referendum, 24 June 2016.

“The EU Referendum has produced a 'leave' vote in most of my constituency and of the country. Politics are based on the principle of consent and we have to accept...

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