CHANCELLOR Phillip Hammond told bankers at a speech in the city of London today that a reduction in immigration would damage the economy.
The prominent Remainer, want’s a soft Brexit and has suggested a temporary transitional period with the UK staying in the single market for 7 years after we leave.
Labour’s shadow chancellor, said the Tories are in a rift over Brexit.
He said: “We have seen the Chancellor again trying to distance himself from the position of his Prime Minister on Brexit.
“It just shows further disarray at the top of government.
“The fact that there is clearly such a serious split between Number 10 and 11 is very worrying and only helps to undermine our country ahead of the Brexit negotiations.
“It further shows just how weak a position Theresa May is in. And raises the serious question of: how can she negotiate Brexit when her own Chancellor is so publicly disputing her position on Brexit and briefing against his own Cabinet colleagues?”
It seems the age old argument between wets and dries has come back to haunt the Conservative Party albeit in a different form.
If you aren’t familiar with the term ‘Wets and Dries’, then let me educate your poor un-Toryfied soul.
Back in the glory days of 1980s vote winning conservatism, when Maggie reigned supreme and Labour cowed in desperate opposition, Margaret Thatcher used the terms ‘Wets’ for Conservative MPs who opposed her hard line radical economic reforms and ‘Dries’ for Ministers and MPs loyal to her revolutionary one-woman regime.
Thatcher coined the term in a meeting during in her first term as PM, she referred to some ministers as feeble, lacking hardness, and willing to compromise with the unions – simply to save their seats when it looked as though she was heading for political wipeout after the initial economic shock.
Inflation had plagued Britain in the 70s at one point reaching 24%. It had dropped to 13.4% in 1979 and rose to 18% by 1980.
Many weaker Prime Ministers would’ve U-Turned and stopped their policy, but Thatcher being Thatcher told ministers to push harder.
Racial tension caused riots to break out across the country and with the added dire economic situation, it looked as though she was finished.
MADE OF IRON: THATCHERS FAMOUS U-TURN IF YOU WANT TO SPEECH
Whilst the economy re-adjusted towards the service economy rather than manufacturing and mining, unemployment rose to a horrifying level of 3,000,000+ causing many to call her the worst PM since records began.
As tough as it was, Britain had no option but to take the tough medicine. Refusal to take the medication meant that Britain today would be an economic catastrophe. Thatcher’s monetarist policies arguably saved Britain from economic ruin.
Thatcher’s monetarist policies arguably saved Britain from economic ruin.
The tight grip of the money supply got inflation down to 4% by 1987.
The country was slowly starting to boom again by 1986, but for those economically displaced, it was a hard life with few opportunities. This is why she is such a divisive figure.
The Wets and Dries label was applied to senior members of her government who opposed her strict monetarist policies designed to tackle inflation and bring Britain back from the brink.
Micheal Heseltine was a prominent ‘Wet’ and it seems the dastardly rodent is back to stir up more trouble concerning the UK’s decision to leave the European Union.
HESTLETINE AND THATCHER, 1978
In 1990, Hestletine (undemocratically ) helped bring down the Iron Lady – The woman who was the democratically elected Prime Minister of the United Kingdom.
We were then lumbered with John Major, who was famously painted grey on ITVs Satirical comedy, Spitting Image – to emphasise his lack of personality.
SPITTING IMAGE… EUROPHILE JOHN MAJOR
He presided over a scandal-ridden premiership which ended in a minority government and it included sex scandals and sleaze.
It came to light in 2002 that Major had a 4-year affair with then Tory MP and Minister for Agriculture, Edwina Currie.
He and his chancellor Norman Lamont crashed Britain’s currency, Sterling – during ‘Black Wednesday*’ when Britain crashed out of the ERM* and markets fell after Lamont raised interest rates a record THREE times in a single day.
INCOMPETENT: MAJORS CHANCELLOR NORMAN LAMONT
The Sun famously declared ‘Now we’ve all been screwed by the Cabinet’ to add insult to injury.
This was the start of the rapid decline of The Conservatives grip on power and if today’s wets continue, it’s going to happen again.
Just think about it, Major and his sleazy chums destroyed all the hard work put in by Margaret Thatcher and turned the Conservative Party into a laughing stock… paving the way for Blair’s landslide win in 1997 and putting the Tories in the political wilderness for 13 years.
Major signed us up to the hated Maastricht Treaty*- The treaty that signed Britain up to the EU without a referendum.
Britain had been part of the EEC* (European Economic Community) since 1973 after Edward Heath took us in, the EEC was a trade block, not a federal superstate it is today.
MAASTRICHT MENACE: TREATY ANNOUNCEMENT IN THE COMMONS – EARLY 1990s
This kick started the UK’s 26-year love/hate relationship with the European Union. Major was responsible for increased integration, mass immigration, and regulation.
We now know that disastrous decision to sign Britain up to hated EU-integration was a vote loser. 51.89% of Brits decided to give it the boot and now 71% support Brexit in recent polls.
Tory Grandees Major and Hesel’whine’ wish to promote their Europhile views by constantly undermining and contradicting current PM Theresa May.
John Major should know better as he was undermined by his own MPs back in the mid-1990. He knows how far it came to bringing down his government.
Yet he repeatedly goes on media outlets and undermines the current PM and The Governments policy on Brexit.
He is more interested in his own voice and failed legacy than keeping his party and the country together.
Hammond, Hestletine and Major wish to make Britain weak with compromise, they want us to cow to the EU’s every whim, The Brussels loving wets want a soft Brexit.
Well, the majority of Britons don’t want a soft Brexit and the wets need to realise that they never had the public onside when it came to Europe. Hestletine and Major have done enough damage for a generation.
Magaret Thatcher famously said:
“The President of the Commission, Mr Delors, said at a press conference the other day that he wanted the European Parliament to be the democratic body of the Community, he wanted the Commission to be the Executive and he wanted the Council of Ministers to be the Senate. No. No. No.” – House of Commons, 1990
They should take her wise advice onboard.
In politics and economics, Black Wednesday refers to 16 September 1992, when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.
The European Exchange Rate Mechanism (ERM) was a system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999.
The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states. Upon the formation of the European Union (EU) in 1993, the EEC was incorporated and renamed as the European Community (EC).
Upon the entry into force of the Maastricht Treaty in 1993, the EEC was renamed the European Community to reflect that it covered a wider range than economic policy. This was also when the three European Communities, including the EC, were collectively made to constitute the first of the three pillars of the European Union, which the treaty also founded.
Born in Grantham in October 1925, Margaret Thatcher became Britain’s first woman Prime Minister on the 2 May 1979, She won two more landslide terms before being deposed by her own Conservative MPs, led by Micheal Heseltine. Thatcher brought back British pride by winning the Falklands War against Argentina.
She made 1,000s of council tenants homeowners with the right to buy and revolutionised the economy with privatisation, union reform, tax reductions and mass consumer capitalism funded by easy credit.
She died on the 8th April 2013 at The Ritz hotel in London and received a full state funeral. Just as she lived, in death she still divided the nation.