‘A great deal’ for whom? The UK will haemorrhage money!

Thumb up: But Boris Johnson won’t lose money on his Brexit deal like the rest of us.

Read this, which refers to Boris Johnson’s new Brexit deal:

A “great deal”? Or a nightmare?

Some of you will no doubt be saying, “Don’t give us all that Project Fear talk, Mike! It’s all just scaremongering to keep us as vassals to the fascist EU superstate!” Or whatever.

But is it scaremongering? Is it really, when the economic figures come from Boris Johnson’s own official government analysis?

Isn’t it more accurate to say that the unelected prime minister is once again lying through his teeth in the knowledge that the kind of voter who would respond as I suggest above will lap it up?

Analysis published by the UK government last November suggested that a deal along the lines of that agreed by Johnson would have a major adverse economic impact on the UK, with British people hit by falling wages and declining growth.

Consider this:

Johnson’s own government’s analysis suggested that a deal along the lines of that agreed on Thursday will reduce annual economic growth by 6.7% compared to staying in the EU. That’s a major hit to the UK economy which will make average households thousands of pounds poorer than they would have been had we remained in the EU.

The UK government’s own analysis also suggested that a deal along the lines of Johnson’s would have a big impact on the average wages of people living in the UK. According to its central projection, average real terms wages would fall by 6.4% compared to staying in the EU.

The economic hit would inevitably lead to the UK government being forced to borrow more, or dramatically slash the services it provides to the public. According to the government’s own analysis, there would be a 3% increase in borrowing as a percentage of economic growth.

Admittedly, negotiations over the final shape of the UK’s future trading relationship with Europe – and the rest of the world – have not yet begun – Boris “Get Brexit Done” Johnson lied about that too.

But the broad direction is clear. The UK economy is going into a ditch.

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.


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1 thought on “‘A great deal’ for whom? The UK will haemorrhage money!

  1. Gary

    All of those things could happen, or not. We simply don’t know. Nothing can be stated as fact, anyone who DOES state anything as fact has to be lying. Brexiteers or Remainers, they are maximising or minimising as suits their argument. Nothing is ever as bad, or as good as is made out.

    Mostly it will depend on who is running the country. There will be MORE weight on the shoulders of the government of the day after Brexit is fully realised. No law from the EU, no rules on subsidies, tendering etc COULD see a return of some of Labour’s policies from the past to protect our economy and jobs. Labour can also choose to reverse restrictions on employee rights and ensure greater job security currently prevented. Remember that Labour campaigned vigorously against EU membership but MORE importantly remember WHY they campaigned against it. The things we had to give up and the lurch to the right we took as part of the bargain, THAT could be overturned IF Labour get into government and IF Labour so choose.

    In short, we will know nothing for years, saying otherwise is simply untrue..

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