ChatterBank1 min ago
Is This The C B I That Said It Would Be Disasterous If We Didn't Join The Euro?
18 Answers
https:/
If they are saying no deal would be bad I'm inclined to think the opposite.
If they are saying no deal would be bad I'm inclined to think the opposite.
Answers
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Indeed. Individuals and businesses are on fairly safe ground if they listen to the CBI and then assume the exact opposite of what they suggest is the best course of action: Notable events which demonstrate this include its stance on: - The Gold Standard - Appeasement prior to WW2 - Economic appeasement with the USSR and its satellite states during the “Cold...
14:28 Fri 31st May 2019
Business folk have a vested interest in avoiding having to do work coping with a changing environment. They will be naturally predisposed to wanting to retain a stable status quo, especially if they have no interest in one's nation being in control of it's own affairs. They should stop belly aching and ensure they're prepared.
As has been the case from Day One, the CBI is guessing, because everyone is guessing - so they cannot say with any certainty that this 'disaster' will befall British businesses.
I have said many many times, that the assumption that European countires will simply cease trading with us because we are not part of the EU is an utter nonsense.
If we have a product, and they have money, trade takes place, that is how trade works, and has since biblical times.
Support systems necessary to make trade possible will appear with a speed that will make the CBI's nose bleed, and we will settle down to trading under different systems.
This doom-mongering end-of-the-world nonsense has got to stop, it's simply not realistic.
I have said many many times, that the assumption that European countires will simply cease trading with us because we are not part of the EU is an utter nonsense.
If we have a product, and they have money, trade takes place, that is how trade works, and has since biblical times.
Support systems necessary to make trade possible will appear with a speed that will make the CBI's nose bleed, and we will settle down to trading under different systems.
This doom-mongering end-of-the-world nonsense has got to stop, it's simply not realistic.
Indeed. Individuals and businesses are on fairly safe ground if they listen to the CBI and then assume the exact opposite of what they suggest is the best course of action:
Notable events which demonstrate this include its stance on:
- The Gold Standard
- Appeasement prior to WW2
- Economic appeasement with the USSR and its satellite states during the “Cold War”)
- Its opposition to sanctions against the USSR following its invasion of Afghanistan
- Its opposition to Mrs Thatcher’s Trade Union reforms
- Its support for nationalisation and State planning
- Its support for price controls
- Its support for the European ERM
And its most spectacular humdinger of all:
- Suggesting that the UK must join the euro or face oblivion.
It is little wonder that the CBI is an ardent supporter of the EU and wants the softest Brexit possible (or preferably no Brexit at all). Apart from making life easy for its members by enabling them to tap into a plentiful supply of cheap labour, the EU also provides more than 20% of its funding. I cannot be bothered to find out whether the funding came as a result of its unabashed support for the transfer of powers from the UK Parliament to Brussels/Strasbourg or whether the EU greased the CBI’s palm to provide that support. But one thing’s for sure – little credibility can be given to anything the CBI says about the EU. It is an organisation with a spectacular record of taking the wrong view on just about every major policy over almost 100 years. And it is by no means independent when it comes to EU membership.
Notable events which demonstrate this include its stance on:
- The Gold Standard
- Appeasement prior to WW2
- Economic appeasement with the USSR and its satellite states during the “Cold War”)
- Its opposition to sanctions against the USSR following its invasion of Afghanistan
- Its opposition to Mrs Thatcher’s Trade Union reforms
- Its support for nationalisation and State planning
- Its support for price controls
- Its support for the European ERM
And its most spectacular humdinger of all:
- Suggesting that the UK must join the euro or face oblivion.
It is little wonder that the CBI is an ardent supporter of the EU and wants the softest Brexit possible (or preferably no Brexit at all). Apart from making life easy for its members by enabling them to tap into a plentiful supply of cheap labour, the EU also provides more than 20% of its funding. I cannot be bothered to find out whether the funding came as a result of its unabashed support for the transfer of powers from the UK Parliament to Brussels/Strasbourg or whether the EU greased the CBI’s palm to provide that support. But one thing’s for sure – little credibility can be given to anything the CBI says about the EU. It is an organisation with a spectacular record of taking the wrong view on just about every major policy over almost 100 years. And it is by no means independent when it comes to EU membership.
A link for you, jno (from which I cribbed most of my information):
https:/
https:/
thank you, NJ.
According to this report Aidan Turner said there were dangers associated with joining the single European currency, but stressed that overall benefits would far outweigh them ...
Mr Turner acknowledged that many CBI members were vigorously against the euro, but insisted: "The majority, not by any means all, of CBI members have concluded that the balance is likely to be in favour."
http://
Which seems a fairly well balanced approach, and properly representing members' views. And of course they weren't proved wrong, as things turned out. TTT appears to be misrepresenting their stance just a little. No mention of disaster, or oblivion - do later commentators just make these words up to suit themselves or were they actually spoken at the time? I haven't found any evidence for the latter.
According to this report Aidan Turner said there were dangers associated with joining the single European currency, but stressed that overall benefits would far outweigh them ...
Mr Turner acknowledged that many CBI members were vigorously against the euro, but insisted: "The majority, not by any means all, of CBI members have concluded that the balance is likely to be in favour."
http://
Which seems a fairly well balanced approach, and properly representing members' views. And of course they weren't proved wrong, as things turned out. TTT appears to be misrepresenting their stance just a little. No mention of disaster, or oblivion - do later commentators just make these words up to suit themselves or were they actually spoken at the time? I haven't found any evidence for the latter.
While the CBI at one time was in favour of joining the Euro, it never said it would be disastrous if we didn’t.
In the late 1990s the CBI supported joining the Euro, but even then it had caveats.
// Speaking at a CBI dinner, Mr [Adair] Turner said there were dangers associated with joining the single European currency, but stressed that overall benefits would far outweigh them. //
http://
By 2000, under Digby Jones, the CBIs support for the Euro was waning, and rather ambiguous.
https:/
In the late 1990s the CBI supported joining the Euro, but even then it had caveats.
// Speaking at a CBI dinner, Mr [Adair] Turner said there were dangers associated with joining the single European currency, but stressed that overall benefits would far outweigh them. //
http://
By 2000, under Digby Jones, the CBIs support for the Euro was waning, and rather ambiguous.
https:/
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