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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