The Many Bad Calls of the CBI

The CBI has endorsed Theresa May’s draft withdrawal agreement, Guido thought it would be a good time to remind younger readers of its long and distinguished history of making bad political calls:

  • In the 1930s it supported appeasement.
  • In the 1940s it supported nationalisation.
  • In the 1950s it supported state planning.
  • In the 1960s it supported tripartite industrial relations.
  • In the 1970s it supported price controls.
  • In the 1980s it opposed getting tough with the USSR.
  • In the 1990s it supported the ERM.
  • In the 2000s it supported joining the Euro.
  • In the 2010s it supported Remain…
  • … and now it has declared its support for May’s draft withdrawal agreement.

Not exactly a laudable record…




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Quote of the Day

Andrea Leadsom told BBC Radio 4’s Today

“He’s made his views on Brexit on the record, and the problem with that of course is that the chair’s impartiality is absolutely essential. … He’s made his views known on Brexit… it’s a matter for him but nevertheless it’s a challenge and all colleagues need to form their own view of that.”

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