Pulsating Economy – Leave.EU

 

The NHS’s heart rate may be fading yet again, but the UK’s economy is positively pulsating. The economic forecasters, a breed of professional described as in “crisis” last week by the Bank of England’s Chief Economist can now diagnose themselves well and truly redundant after a wealth of sectors within the UK economy together with some of the big macro indicators all posted record results: industrial output, consumer spending, investment, the FTSE 100 to name but a few. Pre-referendum, their projections were anything but rosy. The brave new world ushered in by the electorate in June has consigned the liberal elite’s way of thinking to the margins of history.

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The markers of Britain’s march towards independence and renewed strength are not reserved to sober statistics, there are grand gestures aplenty to behold too. One could scarcely envisage a more arresting image than the Foreign Secretary flanked by two senior Republicans as he was given assurances that the UK is being moved to the front of the US’s trade deal queue. This in the week when Obama, who had placed us at the back departed from the scene. Smells like victory.

Revelations that the EU will not seek to undermine the City of London’s status as the centre of world finance were not a bad way to top the end of the working week either. Financial services, which account for 12% of UK GDP have served as Remainers’ rallying cry for continued single market membership, and free movement along with it. The rug has now been pulled from under them. Mrs May, it’s time you triggered that Article.

The Remainers’ gambit of using, what they expected to be, a flagging economy to persuade the public into settling for the insipid single market option has utterly failed. The week has been punctuated by daily rebuttals of their doomsday predictions. On Friday we learned that Ryanair, de facto spokesperson for the Remain campaign, is opening up nine more routes between the UK and the EU. The Irish carrier had once threatened to virtually pull out of the UK. Laughable in hindsight.

The previous day, a huge dilemma was thrown through the front windows of the most liberal section of the liberal elite, universities. You may recall the higher education sector impudently bleating about the risks Brexit would pose to research funding – even though non-EU Israel is one of the top 5 recipients of EU research grants. Well, as it turns out, universities can expect a post-Brexit windfall of £187 million. Knowing how deft these institutions are at extracting cash, we wouldn’t be surprised if they managed to make even greater a success of Brexit.

As if fighting for attention amid all the good economic news, the world of politics attempted to feign action under the guise of words. Angela Merkel believed she was issuing a threat in saying that access to the single market would be inhibited if Britain did not accept free movement of persons following yet another hint, and only a hint, at total withdrawal by Theresa May in a Sky News interview.

The week was even less auspicious for Jeremy Corbyn and Nicola Sturgeon. Corbyn set about rebranding himself a man of the people by proposing a cap on higher wages. Unworkable and deeply non-aspirational, the suggestion went down like a lead balloon. Nicola Sturgeon began the week more forcefully, threatening a second referendum in the event of a “hard Brexit”. A few days later, Sturgeon’s enduring plan to forge a separate single market deal for Scotland was lethally rebuffed by a leading Norwegian politician. Sturgeon’s only hope of staying close to the EU now rests on Scottish independence, but if the polls are anything to go by, that ain’t gonna happen.

For more insight into the current state of affairs, political and economic, Brexit and not, click the link to view Leave.EU co-founder Arron Banks’ appearance on Question Time this week.

Given how unnoticeable a political figure Chris Grayling cuts (check out the Bad Boys of Brexit for a great little anecdote), his latest intervention (or lack of) in EU affairs has not attracted much notice. Fortunately, we’re at hand to enlighten. The EU has announced yet another expensive and unnecessary measure designed to encourage complacency and irresponsible behaviour on the part of Europe’s drivers, the Transport Secretary. Mr Grayling is doing nothing whatsoever to block it, even though we’re on our way out of the EU.

The ‘common system’ of insurance that protects victims of accidents caused by uninsured drivers is to apply across the European Union, meaning higher premiums.

Needless to say, this campaign is incandescent with the Transport Secretary’s lack of response and we encourage you to click the link below and send Mr Grayling our pre-prepared email.

Click here to email the Transport Secretary.

A week of encouraging data and positive gestures galore. Visa started the week as it was to go on reporting the fastest growing quarter in consumer spending for two years. Astonishingly, the FTSE has enjoyed the longest run of day-on-day record closes for 20 years. The Federation of Small Businesses backed up these strong trends with a survey of a 1,000 members that found more members feeling optimistic about the future than at any point since the referendum. And finally, industrial production rose by 2.1 percent in November compared to October.

Over in Washington, the soon-to-be ruling Republican Party placed Britain at the front of the queue for the next trade deal, down under former Australian prime minister Tony Abbot said Britain should ensure to leave the Customs Union and sign trade deals with “economically advanced” Commonwealth countries and Mark Carney at the Bank of England stated that Brexit is no longer the UK’s top economic bogeyman.

Digital darling Snapchat announced its decision to set up its international headquarters in the UK. At the high-end of the market, Rolls-Royce and the luxury yacht industry announced big bumps in sales over the past year. And Brexit naysayer, Ryanair revealed an expansion in its EU-bound destinations from UK airports
Kind Regards,
The Leave.EU Team