Tuesday 31 October 2017

BREXIT : BANK OF ENGLAND AT IT AGAIN.

On of the major 'anti-Brexit' players is the Bank of England which has done nothing but issue dire warnings about the consequences of leaving the European Union since well before the referendum. In fact, led by George Osborne's pal, Canadian Mark Carney, it seems to have been at the forefront of the 'Remain' campaign throughout the last 2 years.

Having got many of its prognostications wrong does not seem to have affected its desire to continue to try to scare us all into changing our minds about the EU. Today it appears to have 'leaked' that it is assuming job losses of 'up to 75,000' in the financial services sector, a number which has been seized upon by the BBC, another major anti-Brexit campaigner. It's reported that 'senior figures' at the bank believe that 75,000 is a 'reasonable scenario' though what this number is base on isn't stated. As a get out clause, the bank is also accepting that the number could change depending on the UK's post-Brexit trading relationship with the EU.

What a load of old cobblers. Those from the 'Remain' campaign who refuse to accept the verdict of the referendum have continued to toss out scare stories willy-nilly. Tony Blair, Nick Clegg and Mark Carney's ban are merely the tip of the iceberg; can we forget Gina Miller, the pro-European who vociferously denied that her own campaign had nothing to do with our EU membership but was simply about making sure correct legal procedures were followed ? Ms Miller is another who now continues to pop up here and there voicing her strident opposition to Brexit.

Perhaps there will be job losses in financial services but perhaps it's about time. There are far too many grotesquely overpaid bankers, stockbrokers and insurance officials who all make their money by robbing the rest of us blind and who would really care if we got rid of a few of these leaches ?

Contrary to the dire predictions made around the time of the referendum, the UK's economy has continued to grow, the pound has not collapsed and unemployment is at levels not seen in decades. Yes, it's not all been plain sailing and there may well be a few difficult times still to come over the next 18 months but don't be conned by these doom-mongers. The UK will emerge from Brexit stronger and fitter than it's been for many years and fully ready to venture out into a much wider world than is encompassed by the protectionist, bureaucratic and inward looking European Union.

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