Recycled News…Project Fear

Michael Bloomberg: Brexit is stupidest thing any country has done besides Trump


Leave voters are ‘Dumb’ and ‘stupid’…so says former New York Mayor Michael Bloomberg….or was it Putin?  The BBC gives Bloomberg top billing on the news this morning with a second bite at telling us that Brexit will be bad for the City…and we get the old myth from the BBC tied into that repeated that 75,000 jobs will go.

Presumably Project Fear is running out of the voices of doom and are having to recycyle the old ones again….how long before Carney or in an attempt to hide the origin the ‘Bank of England’, or the Treasury or Osborne at the Standard or James Chapman [remember him?], or Simon Stephens for the NHS or Sam Coates from the Times etc etc etc pop up oon the BBC with the latest ‘big news about Brexit?

What of that 75,000 jobs to be lost #duetoBrexit?  The Mail looked at that a while back when the BBC first tried to alarm us.   

Turns out the figure actually came from a pro-EU lobby group which the BBC picked up and went to the Bank of England to ‘confirm’…..turns out this is the worst case scenario…but that doesn’t stop the BBC using it as the base figure.

Here’s what the Mail said:[click on ‘Copy’ in menu top right…the square of dots]…

BBC seized on the figures … but got its facts wrong

WARNINGS that Brexit could trigger 75,000 finance job losses led BBC news bulletins yesterday morning – and were also seized on by City lobbyists.

BBC Radio 4 newsreaders said the Bank of England had told lenders to ‘prepare for a no-deal’ Brexit.

They added that the 75,000 figure was ‘predicted’ by the Bank itself.

However, insiders at Threadneedle Street insist it was not a number they came up with themselves.

It is understood that BBC reporters took the figure from a report published a year ago and then asked senior figures at the Bank of England to say if they thought it was reasonable. That conversation is believed to have taken place at the International Monetary Fund meeting in Washington DC three weeks ago.

The Bank has asked lenders to ensure they are ready for all eventualities, including the possibility Britain leaves without a deal. But it has not put a figure on how many long-term jobs might eventually disappear. The 75,000 figure came in a report published last October by consultant Oliver Wyman for TheCityUK lobby group.

But spinners went into overdrive after the BBC reports, using the suggestion that the Bank itself was predicting 75,000 job losses to bolster their argument that highly-paid financiers must get special support.

Ironically, TheCityUK was particularly keen to piggyback on the institution’s authority, saying the figure was ‘consistent’ with its analysis.

Chief executive Miles Celic said: ‘This is another reminder that a “no-deal” Brexit will be no good for the industry, for customers or the economies of the UK and the European Union.’

Is there no end to the BBC lies, deceptions and misinformation?

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12 Responses to Recycled News…Project Fear

  1. Fedup2 says:

    Poor Mr Bloomberg ,
    No idea of British culture and can only see the money . The single market for goods was a good idea but the unrestricted flow of labour wasn’t. Our public services are crushed because of huge sudden population increases . Great for companies who only care about low wages and high dividends but no good for people.

    Al Beeb wouldn’t challenge him because he’s a big deal for them to talk too.


  2. Deborahanother says:

    The multi millionaire Michael Bloomberg. Bloomberg TV is nonstop Brexit doom and gloom. Son is a trader and puts it on from time to time for market info. .He is a firm Brexiter.


  3. Edward says:

    So, Brexit is stupid and Brian Cox thinks its daft.

    I am delighted to add my name to @chhcalling ‘s list of professors who think brexit is daft. I hope this is helpful.— Brian Cox (@ProfBrianCox) October 24, 2017

    The obvious implication is that those who voted to leave the EU are daft and stupid.

    I might need to rethink my views on climate change after Cox’s misguided insult. In how many more areas of reality is he misguided?


    • Grant says:


      Cox is a scientist and TV celebrity. His political opinions are no more relevant than anyone else’s.


    • john in cheshire says:

      Mr Cox is the UK’s equivalent of Bill Nye, the science guy, in the USA. And just like Mr Nye, he’s allowed himself to become a parody of a ‘ science guy’. They’re more like a poor imitation of the Chuckle Brothers.


      • Rob in Cheshire says:

        Might I cordially extend to Brian Cox the wish that he would fuck off and mind his own business?

        If I want to know about cosmology his views might be of interest. Outside his sphere of expertise, his views are of no more value than anyone else’s.


    • Guest Who says:

      There was a time when a ‘professorship’ did mean something.

      Actually Gnashers’ one still deserves a hat tip as Physics is not an easy study.

      However, using it to stray into an arena now dominated by predominantly (but not exclusively) American soft subject professorial loons to push BBC wet dream agendas suggests Bri ain’t too sharp.


  4. john in cheshire says:

    Is this the same Michael Bloomberg who is rabidly anti-Brexit, who ran anti-brexit propaganda on his radio station during the referendum campaign and had the likes of Roland Rudd ( the Home Secretary’s brother), also a rabid anti-brexit fanatic, on the station spreading anti-Brexit propaganda? Quite the impartial and disinterested party, then, so he must be telling the truth.


  5. Alicia Sinclair says:

    Isn`t this meddling or interfering in other peoples elections?
    Like those Russkis do?
    Or is it OK if you`re George Osbornes rubber hammer?


  6. Guest Who says:

    It’s ok. All such things can be discussed rationally by such as BBC Newsnight’s James O’Brien


  7. Marmite says:

    This video should go viral:-