I seem to remember some "sound" advice that warned us that if we voted to leave the economy would go into immediate recession and that unemployment would increase by between 500,000 and 800,000 in the next two years - such would be the effect on investment and business confidence.
How did that work out?
Well the Norway plus option involves staying in both the single market and the customs union and since Morgan stood under a manifesto pledge to leave both I can understand why many of her constituents are a bit miffed.
It's interesting how at the moment those Tory MP's who want to honour both the referendum result and their manifesto pledges are branded as right wing extremists by those who want to completely renege on theirs.
That didn’t happen because big businesses were immediately given big reassurances that we would strike a deal with the EU. In fact didn’t Nissan get promised a massive back hander too? That and the fact that, with sterling plummeting in value, the overseas earnings of the big companies making up the FTSE100 index, those earnings earned in foreign currencies, actually went up when patriated to the U.K. Oh and interest rates were immediately cut to the bone.
Of course, the tories then slowly realised that the EU would call them out on their one and only negotiating point, the threat of a no deal. No deal hammers us the most and will cause many big U.K. based businesses to move overseas to continue trading with the EU. See what will happen to the U.K. economy then 😉
Dyson announcing his move to Singapore almost on the same day that Singapore struck their trade deal with the EU is a fantastical example of how businesses work. And that’s a big brexiteer’s business saying screw you UK🤔
Last edited by Stolly; 26-02-2019 at 07:35 AM.
Same with the Greens and could easily be the same with the new Independence Group. Conversely the DUP, with just 290,000 votes in total, have 10 seats 🤪
Last edited by Stolly; 26-02-2019 at 07:51 AM.
You don't think anti-semitism is racism?
As for the far left voting leave, I'd say that's true of the old guard like Corbyn but not the latest crop of headbangers. In fact one of the pleasures has been seeing the half wits gradually having their illusions shattered as they've realised their Great Leader's true views on Brexit. Oh well can't have everything I suppose, at least he still shares their hatred of Jews.
Oh right that will be the reasons for why they got it spectacularly wrong then. But if that's case why is that unemployment is not rocketing, given that the prospect of no-deal is now much more likely?
As for interest rates being immediately cut to the bone, what the heck are you talking about. They were already at 0.5% and so a cut to 0.25% was hardly earth shattering. In fact the cut was totally unnecessary, which is why it was soon reversed and in fact rates are now 0.75% - higher than in June 2016. Again, why isn't unemployment rocketing?
Finally, let's take Sterling falling, actually that was the one prediction they did get right. So how come this wasn't factored into their sophisticated economic models so that they would have known that the repatriated overseas earnings of the FTSE 100 companies would increase? How come the still made the dire economic forecast?
I don’t think he does though. He’s definitely against the far right in Israel and some of Israel’s past track record in dealing with Palestine but he doesn’t hate Jews. His problem is that he doesn’t know how to deal with nutjob labour supporters who are anti-Semitic and who vent their hatred, especially on line.