Bank of England admits 'Michael Fish' moment with dire Brexit predictions
The Bank of England has admitted its dire warnings of a downturn in the wake of the Brexit vote were a “Michael Fish” moment and said that the economics profession was now in “crisis”.
Andy Haldane, the Bank of England’s chief economist, said there was a “disconnect” between political warnings about Brexit and the “remarkably placid” state of the markets, adding that the worst predictions may turn out to be “just scare stories”. Read the full story in the Telegraph
Manufacturing accelerates on export boom as factories ramped up output in December at levels not seen since 2014 (03/01/17)
British factories ramped up output in December as strong export and domestic demand stimulated growth in the manufacturing sector, according to an influential private sector survey. Sterling’s weakness since the referendum has made UK-produced goods more attractive internationally, helping the industry rebound from a spell of uncertainty following the Brexit vote.
The purchasing managers’ index (PMI) put together by IHS Markit hit 56.1, its highest level since mid-2014. Any index score of above 50 indicates the sector is expanding. Read the full article in the Telegraph
Afghan who beheaded Dutch woman is allowed into Britain... where he assaulted a Gatwick staff member and two police officers with a HAMMER(05/01/17) Note: the Single Market comes with freedom of movement to all EU citizens....
A convicted murderer from Holland was able to walk through Britain’s porous borders without any checks and went on to attack two police officers with a claw-hammer. Afghan-born Jamshid Piruz was allowed to enter the UK unchallenged despite being sentenced to 12 years in jail for slaughtering his female tenant in cold-blood after watching a Taliban beheading video. Fury erupted after it emerged that the jobless 34-year-old was the latest in a string of foreign criminals to commit horrific offences in Britain after exploiting EU free movement rules. Read the full story in the Daily Mail
Brexit: banks consider whether to start moving business out of UK(03/01/17)
Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the UK. A surprisingly well-balanced article from the Guardian
Population of Britain is set to overtake France within 13 years due to high immigration
Britain's population is set to overtake that of France within 13 years because of the impact of high immigration, EU estimates have said. Numbers of people living here will top French levels in 2030 and will keep rising to make Britain the most populous country in Europe by 2050, they predicted.
The key reason why the British population is going up so quickly compared to that of neighbouring countries is immigration, according to the projections from Eurostat. Read the full article in the Daily Mail
The Establishment is on trial, and the verdict is guilty(09/12/16)
The British Constitution is an oxymoron. Its being unwritten is an advantage if it is executed by men of goodwill who respect its spirit. In the hands of scoundrels it is an instrument of tyranny. That public for too long accorded an undeserved deference to politicians, judges and commentators who brought this country to its knees under the pressure of mass immigration, fiscal incompetence, judicial indulgence of criminality (though not of Christian bakers) and globalist anti-patriotism. Read this excellent indictment of the judiciary and the Establishment in the light of their resistance to Brexit Reaction Life
UK will create 400,000 jobs if it quits the customs union as part of Brexit talks, analysis finds(03/01/17)
Britain will become a “beacon of global free trade” and create nearly 400,000 new jobs if it quits the customs union as part of the Brexit negotiations, it has been suggested.
An analysis by Change Britain, a group with the backing of Michael Gove, said that leaving the European Union’s customs union and striking trade agreements with just eight foreign countries will create hundreds of thousands of jobs in manufacturing and service industries. Read the full article in the Telegraph
Sir Andrew Green: Single market membership means more mass immigration(29/12/16)
Excellent article by Sir Andrew Green of Migration Watch on what continued membership of the Single Market will mean for immigration and the resulting impact on the UK. The best bit is at the end when he says: "even now, it seems that elite opinion has still not woken up to the enormity of what all this means for our country as a whole. The well-off inhabitants of Islington, whose properties have shot up in value, who have easy access to cheap nannies and who can afford private health insurance, might well look on complacently. But those large numbers who voted for Brexit did so for good reasons." Read the full article on Conservative Home
Remoaner Paddy Ashdown ludicrously claims Brexit is 'similar' to the rise of Hitler(02/01/16)
The peer and former Liberal Dem leader branded Brexiteers as “dispossessed and voiceless” as he compared the rise of Hitler in Nazi Germany in the 1930s to the referendum result. He made the outrageous claims during an interview on the BBC’s Pienaar’s Politics show.
Speaking alongside Vote Leave and key Brexit campaigner Iain Duncan Smith, Lord Ashdown said: “I’m deep into the 1930s and boy does this age remind me of the 1930s. Read the full article in the Daily Express
23rd June 2016 - our greatest triumph for Party and Nation
Look back on 2016 and watch David Dimbleby announce to the nation on the morning of 24th June that we voted to leave the EU. He brings glad tidings and great joy! Watch the 1 min video
Big business groups vow to make Brexit a success(01/01/17)
Britain's five biggest business groups have joined forces for the first time and promised to make a success of Brexit as the UK starts the process of leaving the European Union.
In a letter to The Sunday Telegraph, the five organisations, which speak for companies employing more than half of workers in the private sector, around 13 million people working in manufacturing, services, construction and agriculture, pledged to work with firms from “all corners of Britain”. Read the letter and article in the Telegraph
Why Nigel Farage is the Daily Express 'Man of the Year'(29/12/16)
The scale of Nigel Farage’s achievement means that he is the only possible contender for the title of Daily Express “Man of the Year”, writes Leo McKinstry. He ends:
'The lurid propaganda about Farage could hardly be more wrong. He is a traditional patriot and democrat who believes in our self-governance. The real extremists are those who want to destroy our nationhood. But they lost in 2016, thanks to him. Our liberated country will be eternally in his debt.' Read the full article in the Daily Express
International Trade Secretary Liam Fox welcomes £16billion investment in Brexit Britain as sign businesses are confident about future(30/12/16)
Trade Secretary Liam Fox has hailed £16billion of foreign investment in British industry as a huge “vote of confidence” in Brexit Britain. The splurge by international firms comes a day after the value of Britain’s top companies hit a record level on the London stock market. Read the full story in the Sun
Lidl invests in post-Brexit Britain with a £70m headquarters and 5000 jobs
Lidl is to create 5,000 jobs in London and invest £70 million in a new UK headquarters in the latest victory for the post-Brexit economy. The German budget supermarket said the jobs are part of plans to open nearly 250 new stores in London as it pushes ahead with a three-year £1.5 billion UK investment plan.
Meanwhile Lloyd's of London expects to hire just a few dozen staff on the Continent after Brexit – despite warning that the vote could force 34,000 jobs overseas. Insiders said the Remain-backing 328-year-old insurance market – a key part of London’s financial scene – would set up a European subsidiary with around 50 employees. They believe this will allow it to maintain access even if the UK reaches no trading deal with the EU and our relationship with Brussels sours. Read the full story in the Daily Mail
Laura Kuenssberg says source told her the Queen backed Brexit(26/12/16)
The BBC’s political editor, Laura Kuenssberg, has reignited the row over whether the Queen was in favour of Brexit, saying a source told her before the referendum that the monarch made comments supportive of leaving the EU. Nine months after the Sun sparked controversy by publishing a headline, “Queen backs Brexit”, in March, Kuenssberg recalled what a contact had told her. Read the full story in the Guardian
'Clean Brexit' could save UK £450m a week, claims pro-leave group(27/12/16)
A pressure group backed by a string of former Vote Leave campaigners from Michael Gove to Gisela Stuart has claimed that exiting the EU with a “clean Brexit” could save the country £450m a week. During the referendum campaign, Vote Leave controversially argued that leaving the EU would leave an extra £350m a week to spend on the NHS. But research from Change Britain goes a step further by arguing that a complete break with the EU could be even more beneficial. Read the full article in the Guardian
French town to get 'Brexit street' to pay 'tribute to the sovereign British people' says Front National mayor(27/12/16)
A French town is to christen one of its streets "rue du Brexit" in a move its far-Right Front National mayor says is to "pay tribute to the sovereign British people" who chose to leave the European Union. Read the full story in the Telegraph
UK moves up 'best for business' list #despiteBrexit fears
The UK has moved up the list of the best countries in the world to do business - despite wider fears over how Brexit could hit trade and slow economic growth. It climbed from tenth to fifth in the annual chart published by US publication Forbes. Read the full article on Sky News
All I want for Christmas is... an ultra-hard Brexit (and nine other pro-growth policy wishes)Graeme Leach is chief executive and chief economist of macronomics, a macroeconomic, geopolitical and future megatrends research consultancy.
Here is my Christmas wish list for Santa. Ten policy measures which, if implemented, would make future growth prospects truly joyous, with Christmas every day of the week.
But these are also economic policy measures Santa won’t be too familiar with, as he boards his sleigh somewhere north of the Nordic economies. I don’t pretend these are politically possible today, I merely suggest them as a way to substantially improve prosperity in the long term. Read the full article in City A.M.
Opinion: 3 reasons the pound will roar back once the U.K. finally Brexits(14/12/16)
In the immediate aftermath of the U.K.’s decision to leave the European Union, sterling GBPUSD, -0.0485% crashed to close to record lows. For a few months, it looked as if every hedge fund in the world was shorting the pound for fun — and making a killing by doing so.
But quietly, the pound has staged a modest recovery over the past few weeks. It has recovered almost half its losses against the euro GBPEUR, -0.2519% and clawed back a chunk of the ground against the dollar. Heading into 2017, that is likely to continue. Why? Because the British economy has held up surprisingly well. Because the euro is heading for a fresh crisis. And because even the dollar may not maintain its strength. Read the full article on Marketwatch
Britain’s services trade can flourish outside the EU Single Market(15/12/16)
Negotiating sensible agreements on services trade with the EU, WTO and third countries may not be as difficult as many are suggesting. There are a number of options negotiators can pursue which would go beyond the existing arrangements and further liberalise services trade to Britain’s economic advantage. Read the full article in City A.M.
Brexit blockers: Secret Labour plot to reverse Brexit is revealed and ex-Tory cabinet minister launches the first official campaign to reject the EU referendum result outright
Renewed efforts to block Brexit were revealed today after a senior Labour MEP was accused of secretly trying to reverse the result and an ex-Tory Cabinet minister returned to frontline politics to join the fight to keep Britain in the EU. Richard Corbett, Labour's deputy leader in Brussels, was found changing key lines in European Parliament documents. The MEP tried to water down the significance of June's referendum result by seeking to amend a European Parliament motion.
Meanwhile Stephen Dorrell, the former health secretary who was appointed the chairman of the European Movement campaign group, announced he will create the first official campaign that calls for the June referendum result to be rejected. Read the full article in the Mail on Sunday
Prime Minister snubbed by EU at sausage party of smugness(16/12/16)
You can write the script for how this one plays out. At the EU meeting the UK’s Prime Minister was filmed being excluded with no-one talking to her as the leaders did their usual awkward mingling before embarking on several hours of self-regarding and not very effective EU wittering. Satirical shows will run the video. She will be dubbed Theresa Nomaytes (geddit?) and it you are a member of the liberal metropolitan elite ?party in London then this vindicates your view that Britain has voted to cut itself off from civilisation.
It’s a funny video
, although not in the way May’s opponents might think.? Read the full article on Reaction
Carswell lauds Gina Miller’s Pro-EU efforts, says Britain doesn’t need ‘Nigel Farage’s Brexit’(14/12/16)
Former Conservative Member of Parliament Douglas Carswell, who just three weeks ago hinted at a possible return to the Tory party, used his position as a UKIP MP last night to advocate so-called soft Brexit.
Speaking at an event hosted by the left-wing Guardian newspaper on Tuesday night, Mr. Carswell told the audience Brexit “does not mean Nigel Farage’s vision of Brexit” and said he wanted a “new national consensus”. Read the full article on Breitbart
Holdout Remainers’ “delay and pray” strategy is wishing the UK economic harm(14/12/16)
The strategy is perfectly clear. In fact, it has even been written down and elucidated on broadcast media for us. Jolyon Maugham QC (who is seeking to bring a case in the Irish courts questioning the revocability of triggering Article 50) and other hold-out Remainers are now looking to prevent Brexit by making Britain’s negotiating position as weak as possible. They are actively willing economic hardship to overturn the referendum result. Read the full article in City A.M.
Immigration WAS the key issue for Brexiteers in the historic EU referendum battle, according to huge analysis of social media comments(12/12/16)
Immigration was the key issue for Brexiteers in the historic EU referendum battle, according to a huge analysis of social media. A groundbreaking study of nearly three million tweets by a team at the University of Sheffield shows control of borders came up far more than sovereignty or the NHS. It was mentioned 66,000 times by Leave supporters between June and November - with the overwhelming majority of the references coming before the vote on June 23. By contrast Remain backers talked about the issue just 40,000 times.
The analysis emerged as a poll increased pressure on Theresa May by suggesting Leave voters will not tolerate losing out financially. Research by YouGov for the Open Britain campaign group found 51 per cent are not willing to be left a penny worse off as a result of cutting ties with Brussels. Read the full story in the Daily Mail
Right-wing historian, Niall Ferguson, delivers 'mea culpa' and says he was mistaken opposing Brexit(12/12/16)
One of Britain’s most influential historians and leading ‘Remain’ celebrity, Niall Ferguson, has performed a major U-turn in his stated position on Britain’s membership of the European Union, telling his fans his opposition to the Brexit vote was a “mistake”. Reflecting on his decision to support then Prime Minister David Cameron and his then Chancellor George Osborne, Mr. Ferguson told the Milken Institute Global conference he was “wrong” to back the Remain campaign, adding: “I’ve had an awakening”. Read the full article on Breibart
Hard Brexit will breed new bigotry, warns former Tory minister(10/12/16)
Former Education Secretary, Nicky Morgan, in her new role as chair of the moderate Conservative Mainstream group, will say the party is in danger of surrendering the centre ground of politics if the hardline anti-EU right prevails. She has recently locked horns with May by opposing plans to expand the number of grammar schools. She was also the central figure in 'Trousergate' when she accused the Prime Minister of being out of touch for wearing £995 leather trousers, saying that the only time she spent more money on clothing than that was on her wedding dress. She has since been 'uninvited' from a meeting this week between the PM and 'Remoaner' Tory MPs.
Morgan is emerging as one of the most vocal adherents of a “soft Brexit”, which would retain as much access to the single market as possible, even if this means negotiating some continuation of freedom of movement rules. Read the full story on her speech in advance of the Tory conference in Birmingham tomorrow in The Observer
The town where even immigrants are fed up with migration: Failing schools, filthy streets and benefit fraud(10/12/16)
Page Hall is an area in Sheffield where several cultures had rubbed along happily enough for decades. It has now become, quite literally, a rubbish-strewn dump ever since a sudden influx of thousands of arrivals from mainland Europe.
Most are Roma migrants from Slovakia, attracted by the prospect of a better life thanks to Britain’s generous welfare benefits, free health treatment, housing and schools. The residents will also talk about the local schools trying to cope with a 15-fold increase in non-English-speaking children and about the groups of foreigners who hang around on street corners for hours shouting and spitting. Read more in the Daily Mail
There is cultural refusal in the UK to believe EU leaders mean what they say about exit terms(05/12/16)
Excellent article from the FT which states the bare reality that the EU means what it says when stating that Britain will get no special deal when leaving the EU. The writer says that we should be realistic when Donald Tusk says the “only real alternative to a hard Brexit is no Brexit”, and that when Angela Merkel says that the four freedoms are non-negotiable, she means it. The message is clear - we must stop thinking that we can negotiate the favourable deals oft mentioned in the media. The EU's message is 'it's our way, or the highway'. Read the full article in the FT