This letter was published in the Financial Times on June 22nd 2016, the day before the EU referendum. It was a response to a Martin Wolf article on the previous day, and ran alongside ‘Fleet Street’s European bite remains sharp’ by John Gapper – see below and click to read the full item.
As a German who has lived and worked happily in the UK for more than 40 years, I can only underline Martin Wolf’s arguments for staying in (“Why I believe Britain belongs in Europe”, June 21). Two small additional comments, however.
The Brexit supporters constantly mention that Britain can easily stand alone, being the fifth largest and fastest-growing economy among the Group of Eight countries.
First, as David Smith, the fiercely independent economics editor of The Sunday Times has pointed out, Britain is by purchase power parity (PPP) the 10th largest; and as for gross domestic product growth, the much maligned eurozone grew by 0.7 per cent in the first quarter of 2016 against 0.3 per cent in the UK and is forecast to be ahead over the full year. Naturally, David Cameron can’t mention this fact, as he would be accused of talking the country down.
My second point is that I don’t think the British people per se are anti-Europe but they have been fed misinformation for years by the puppet masters of the rightwing British press, which has such a huge circulation advantage over the liberal press. To make out that they are doing this for the working class people of Britain is the con of the century. I only hope that enough people will see through this and that the famous British common sense will prevail.
London SW1, UK
Vice-President, German British Chamber of Industry & Commerce; Chairman, German British Forum