Charles Moore Charles Moore

Why the FT’s Martin Wolf is wrong about the EU

Last week, I wrote about the fevered state of mind of the Financial Times as British voters threaten to throw off their EU chains. Here is another example. Martin Wolf, usually the best columnist in the paper, wrote a column giving ten reasons to remain. He said:

‘Above all, those promoting departure ignore what the UK’s European partners think about the EU. Their political elites, particularly of Germany and France, regard the preservation of an integrated Europe as their highest national interests. They will want to make clear that departure carries a heavy price, which is likely to include attempts to drive euro-related financial markets out of London.’

Those who want to leave don’t ignore this at all! It is precisely because we know how much the German and French elites want more integration that we so much want to leave. Mr Wolf’s argument that we must obey because otherwise they will be horrible to us is, if he would only think about it, abject. It is also, I suspect, beside the point. The same elites are always trying to take euro-related financial markets out of London anyway.

Fighting on another front, the FT wrote a spunky leader last week attacking those who would muzzle climate change sceptics. Following this up, the Global Warming Policy Foundation, on whose board I sit, wrote a letter to the FT, from its chairman, Nigel Lawson, and others. ‘We agree,’ said the letter, ‘that when it comes to global warming “the stakes are so high that all arguments must be heard”.

Regrettably, however, the FT has not lived up to this precept… The GWPF has published more than 50 thoroughly professional papers and reports as a thoughtful contribution to a (still one-sided) debate, not one of which has ever been addressed in the FT.’

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