Thursday 26 November 2020

Ignorance is bliss

Yesterday, the Chancellor made is much vaunted financial statement to the HoC, and failed to mention anything about Brexit.

At all.

Its as though its all in our imagination. If only.

Are the predictions so bad that he can’t even mention them?

They must be grim indeed.

Indeed there is no money for COVID beyond the end of 2021, and warnings, dire warnings of how it is to be repaid.

Government dent, globally, is currently at record low levels, they will be cruel and heartless because its what they want to do.

When asked why he had failed to factor in Brexit, The Chancellor said, and I quote, “I’m an optimistic guy” and is “hopeful” it won’t be too bad.

Any kind of recovery from COVID will be delayed by Brexit, the OBR suggests the point at which output regains pre-COVID levels would be delayed by a year to the end of 2023 for no deal, 12 months longer than with a deal. No deal will reduce GDP by 2% from where it is now. Recession on top of recession.

But the Chancellor is an optimistic guy, so that’s fine.

Meanwhile Mr Barnier has stated he sees no point in travelling to London this week unless the UK moves its red lines. And at the same time some in Government, that’s you Mr Gove, are accusing the EU of being inflexible in applying their rules. It is at the core of what the EU does, apply rules. And such rules are theirs, but also many will be WTO requirements.

We are truly living in a land of make believe, Brexitlalaland where the sun never set on the Empire.

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