The “Brexit buccaneers” (Polly Toynbee,23 February) would propose that an out vote will enable us to regain our sovereignty. That is a fantasy. As a nation, with the encouragement of successive governments, and we own ceded sovereignty to a variety of external powers,including the EU, over many years.
Major, and foreign-owned multinationals determine levels of investment and jobs in this country as a consequence of decades of British national institutions and businesses being privatised or sold to the highest bidder. It is an illusion to believe that leaving Europe will somehow restore national sovereignty when our energy security is largely dependent on the French and Chinese governments deciding whether or not Hinkley C is built; Canadian multinationals decide how many aerospace jobs there will be in Northern Ireland; and Indian entrepreneurs preside over the survival of our steel industry. These same Indian entrepreneurs,and their German and Japanese counterparts, will decide the long-term health of our automotive manufacturing.
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Source: theguardian.com