Friday 30 September 2022

Belief and beliefs

Through Brexit and beyoond, we have always assumed that there was smoe arching plan behind it all.

I mean all that pain, the lies.

Giving the Monarch unlawful advice.

Trashing the economy.

Leaving European and international institutions.

Trashing industrial sectors.

Shortage of labout in several other sectors.

Ruination of our international reputation.

And so on and on. I mean, there must be something behind it?

They can't just be incompetent, can they?

Chris Grey's Brexit blog is always worth reading, and he follows the ebbs and flows of Brexit and beyond more and closer than most, me certainly, and he is convinced they just don't have a clue.

But they have beliefs.

THese beliefs may be wrong. And the more "experts" say how wroong they are, the harder they believe in them and harder they try to enact them.

Sadly, it makes all too much sense. That the country is the test lab of some failed A Level economics students who think they have knowledge greater than the experts in trade and economics, and so the more those experts tell them they're wrong, the more they want to do it.

Brexit, on any level, has failed.

The promises made during and after the referendum have all faded to dust. Far from being better off, far from those sunlit uplands, far from there being considerable upsides, any benefits now are some time, many years or decades in the future. Or even we may never know it has been a success or not.

Even then, when they were so sure they were right, they refused to have impact assessments done, like last week when the Chancellor refused to allow the OBR to do them for his "fiscal event", which will now be done by next Friday.

And when some expert or organisation says something to disprove either Brexit or their "plan for growth", dismiss it as project fear, or remainers or some kind of "blob", or left wing liberal elite.

It is mad.

And yet has happened.

As a country, we are still not rid of the Tufton Street Experiment, Truss is PM, and the lady is not for turning, apparently. Despite her 8 (eight) car crash interviews on BBC local radio yesterday morning where there was as much silence as words from the PM, and then she either lied about the energy cap or did not understand what it was, in that its not an actual cap, but would limit costs for the average household to £2,500, but if you use more, you pay more.

Simple.

Those linked to Brexit and Tufton Street are now shrilling that Brexit and the plan for growth are great after all and Truss should hold her nerve.

Despite Labour recording its largest ever lead in the polls last night at 33%.

With some models having the Tories only winning 61 seat. Others had them winning just two. In Scotland.

Letter of no confidence have gone in.

The BoE is propping up the pound until Parliament returns after the Conservative Party Conference, at which point it will be up to the PM and Chancellor to prove to the markets that either they know better or change course.

Of course, it is ironic, that these so-called free-market thinkers, who spent the last six cheers saying how the markets should decide, then react in dismissing it when the market clearly just doesn't like the plan for growth by the Government itself.

And its not that the plan for growth itself is bad and not liked, its that its not costed, and so, like everything else, is an article of faith. And by his own admission, the Chancellor hasn't costed his plans either. It's a work in progress.

Buckle up, suckers, cos it's gonna be a rough ride.

Put on an extra jumper.

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