As reports continue to come in of businesses booming on the low pound the BBC had to think of a solution to the good news news after trying to terrify us with tales of how terrible the falling pound would be. The BBC’s answer? To warn us that the pound could go up as well….so don’t think the good times will last for ever.
So after having spent the last few months telling us how apocalyptic the fall of the pound would be the BBC has switched tack and is now warning how apocalyptic a rise in the pound could be.
And as the IMF backtracks and admits that the UK will have the fastest growing economy in Europe this year the BBC’s headline?
IMF says global economic recovery ‘weak and precarious’
Had the IMF’s verdict been that the UK was heading towards recession you can guarantee the BBC would have headlined that…but they sideline the good news. Here is the BBC’s very low key line on the IMF’s report on the UK…
The IMF also warned that the Brexit decision will hit the UK economy as it halved its 2017 growth forecast to just 1.1%.
The Fund raised its 2016 forecast slightly as UK retail spending has held up better than expected after the June vote to leave the European Union.
What’s missing from that? The BBC reports the IMF’s forecast that the economy will slow in 2017 but why has the BBC missed out the verdict for 2016…that the UK will have been the fastest growing economy in the world as reported by the Telegraph?
IMF crowns UK world’s fastest growing major economy, but hard Brexit fears push pound to 31-year low
The BBC prefers this heading in its latest update on the IMF report:
IMF warns of hit to UK economic growth
Maybe Boris is right about the BBC:
Boris blasts the BBC’s ‘shamelessly anti-Brexit’ reports: Foreign Secretary hits out at ‘infuriating’ coverage
Boris Johnson hit out at the BBC yesterday over its ‘shamelessly anti-Brexit’ coverage.
The Foreign Secretary told delegates at the Tory conference that the way the Corporation had reported on the EU referendum result was ‘infuriating’.