Terence Corcoran: With Brexit is the U.K. entering the ‘abyss’ or freedom from EU tyranny? – FINANCIAL NEWS-ecozik.com
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Terence Corcoran: With Brexit is the U.K. entering the ‘abyss’ or freedom from EU tyranny?

A lady wears a "Grassroots Out" T-shirt in Wellingborough, 70 miles north of London, on January 23, 2016 to promote the launch of the "Grassroots Out", a new cross-party group that will campaign for the UK to leave the European Union.

No nation does peaceful national political battles quite like the uk, consider getting out your silly walking shoes. The British are preparing for an additional full-scale national electoral convulsion, a referendum on whether or not to leave europe. Any vote is months away, however the debate has disintegrated into incoherent jabber among various intellectual and ideological factions. The polls, meanwhile, appear to show support for Brexit is now running up to 50% – and increasing.

Brexit 2016 is the reverse of Grexit 2015. Greece was an economic basket case that made a decision to cling to the euro as a lifeline, while Britain is definitely an economic stronghold aiming to escape from underneath the regulation-crazy EU basket case. Greece needed EU cash. Britain is fed up with shipping cash towards the EU.

One reason the U.K. is doing very well economically is the fact that, under that watchful Euro-skeptic, Margaret Thatcher, it never joined the continent’s currency union. However it did join the economic union, and has been forced ever since to struggle under the EU’s sclerotic bureaucracy and its raging fiscal imbalances.

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