Great Britain’s Chancellor of the Exchequer Philip Hammond has committed to the EU that, if he has anything to do with it, the Brits will remain, post-Brexit, a “socially responsible” nation with a taxing régime that will match the EU’s taxing régime. In other words, he’ll do his best to prevent Great Britain from attracting business by being a business-friendly, tax competitive nation. Like Ireland is, with its 15% tax rate.
The Wall Street Journal has characterized Hammond’s commitment to economic disarmament “a mistake for the ages.” I think the WSJ is mistaken.
Philip Hammond was, and is, a Remainer. His actions here sound like active sabotage to this poor, dumb Colonial.