Political Currency EMQs: Could Ed Davey’s EU plan actually work?
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Jan 20, 2025 A riveting discussion unfolds around Ed Davey's EU customs union proposal in light of Donald Trump's return to office. George Osborne and Ed Balls debate the feasibility of this plan under a potential Starmer government. There's also a critical look at the UK's lagging technology in essential services versus the drive for AI advancement. Plus, the morality of universal basic income is scrutinized, as they ponder whether it might eradicate poverty or promote laziness. Join this blend of political insight and lively banter!
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Ed Davey's Question
- Ed Davey, Lib Dem leader, sent in a question about rejoining the EU customs union.
- He believes it would strengthen Britain's negotiating position with the US.
Brexit as Protectionism
- George Osborne supports rejoining the customs union, viewing Brexit as an act of protectionism.
- He believes the promised free trade deals haven't compensated for lost trade with the EU.
Customs Union: Sense vs. Politics
- Rejoining the customs union is economically sensible but politically unlikely in the near future.
- Ed Davey's stance is smart politics, appealing to pro-EU Conservatives.