Oh no!!!! The apocalypse is upon us, recession, mass unemployment, businesses decamping en masse to Europe and concentration camps are being set up across the UK for anyone not quite white enough.
O hang on….wait one…..that’s a load of old bull….a scoop of bull that you heard first on the BBC.
Great disappointment in the corridors of the BBC today as the British economy defies their most hopeful dark predictions of doom and disaster and a return to the 30’s in all its scenarios as the Nazis were predicted to be marching across the British Isles by now after Brexit.
The BBC hasn’t given up the fight though as it does its best to talk down the economic good news and to dismiss the Nissan decision to invest once again in the UK as a ‘dodgy deal’.
This is an interesting BBC take on the news that the economy is still growing…
Brexit supporters will take these figures as a sign that warnings about the economic costs of voting to leave the EU were nothing more than scaremongering. Remain supporters will argue that they were warning about potential damage over a period of several years. They say that only prompt action by the Bank of England saved deeper damage to the economy and that worse is to come.
Remain alarmists were not merely predicting damage over a period of several years, they were predicting instant and ruinous economic armageddon on a Brexit vote. The Treasury, supposedly neutral and ‘expert’, but in fact merely parroting what its Remain boss wanted it to say, predicted a possible -1% figure for GDP in the 3rd Quarter and Osborne et al were predicting instant recession….from Guido…
David Cameron: “The job you do, the home you live in are at risk. The shock to our economy after leaving Europe would tip the country into recession.”
George Osborne: “A vote to leave would tip our economy into year-long recession with at least 500,000 UK jobs lost”
Treasury: “UK economy would fall into recession”, predicted 2016 Q3 growth between -0.1% and -1%
IMF: “Brexit would trigger recession”, predicted -0.3% GDP for Q3
Bank of England: Mark Carney said “It would be likely to have a negative impact in the short term… I certainly think that would increase the risk of recession.”
OECD: Short term impact of -1.25% GDP
Curious how the BBC, so keen to quote those ‘expert’ voices before the referendum, now have suddenly forgotten all that massive scaremongering.
The BBC is eager to try and persuade us that manufacturing and ‘real’ industry outside the Services is struggling and indeed on 5Live as their business reporter travelled around the North talking to businesses we were told that this GDP figure was all down to Services and that manufacturing was slumping. However the interview that followed completely demolished that so-called analysis as the businessman said that business in the area was ‘very vibrant’ and that they were exceptionally busy. He suggested the figures were wrong and out of date and too low and that the alarmism of the ‘experts’ in the run-up to the vote had put a brake on things as confidence took a hit but that was over now…the interview ended rapidly there. Just the norm for BBC business analysis….how many times has the BBC told us businesses were in dire straits only for call after call to say they were not only keeping ther heads above water but that they were thriving?
Listen to any BBC ‘debate’ on Brexit and you will almost certainly hear an attack on Gove for his scepticism about the ‘experts’ who were supposedly doing their professional duty and giving us an accurate and reasoned economic forecast…and yet the truth is he was right…the ‘experts’ were wildly off mark and one reason for that is that they were peddling personal and politicised views dressed as impartial analysis.
Where is the BBC’s take down of these experts? Where was the BBC’s take down of those experts during the run up to the vote? There was none…the BBC fully accepted the ‘experts’ analysis because that’s what the BBC itself wanted to believe and wanted you to believe.
Fraser Nelson in the Spectator does ask the big question….
The question, now, is: why did so many intelligent economic analysts and commentators get it so wrong? How did some of the finest minds in Britain get themselves worked up into such a state that they predicted an immediate recession?
There’s a case for the Treasury, and other economists, to work out what happened here. The behaviour during the Brexit campaign does undermine trust in government. Economic forecasts are supposed to be dispassionate. Today’s publication of the Q3 data might be a good time to ask what went wrong.
The answer is simple….what went wrong was that a hugely powerful group of pro-EU people and institutions were allowed to peddle a massive lie…and the BBC, amongst others, allowed them to do it…not just allowed them to do it but actually participated in spreading the lie, adding to it, spinning it into an untruth so big that they thought no-one could dream of questioning it.
Once again the BBC has willingly allowed itself to be hijacked and used to undermine democracy and do the bidding of the supposed elite, vested interests….so often the ones that the BBC attacks when it is in Labour supporting mode but clearly in desperate times one’s enemy’s enemies are your friends however unpleasant they may be…and the BBC teamed up with nasty Tory politicians, big business and bankers to shore up the corrupt and anti-democratic EU.
The BBC is the real danger to Britain, Democracy, society, culture and our future.
