minimum-wage-poverty

An excellent article from the Guardian Money editor on why he is voting Leave. The arguments of the Remain side that Brexit will hit the poor are based on the bogus claim that Brexit will trigger a recession. What they ignore is that unlimited cheap labour destroys the need of low pay employers to compete for workers by offering more than the minimum wage. Furthermore, the Common Agricultural Policy and the Common External Tariff artificially inflate food prices taking a huge chunk out of the budget of the poorest. VAT on household fuel bills cannot be abolished inside the EU.