I hesitated before posting this because I just know it will provoke several tons of 'incoming SoD' but having had to grit my teeth and put up with the non-stop, lachrymose chorus of the heavenly 'Remoaners', I simply could not resist. The news, just released, shows the growth - repeat 'growth' - of the British economy since the British people had the impertinence to do what they have done so many times before in our history and wave two fingers in the direction of Europe. To put it more exactly, the British economy grew - repeat 'grew' - by 0.5% in the three months since the referendum!
Courtesy of Guido, I am happy to remind you of what some of our, er, 'glorious leaders' and 'economic experts' said prior to the vote:
David Cameron: “The job you do, the home you live in are at risk. The shock to our economy after leaving Europe would tip the country into recession.”
George Osborne: “A vote to leave would tip our economy into year-long recession with at least 500,000 UK jobs lost”
Treasury: “UK economy would fall into recession”, predicted 2016 Q3 growth between -0.1% and -1%
IMF: “Brexit would trigger recession”, predicted -0.3% GDP for Q3
Bank of England: Mark Carney said “It would be likely to have a negative impact in the short term… I certainly think that would increase the risk of recession.”
OECD: Short term impact of -1.25% GDP
And, as the equivalent of a large blob of cream on the top of a delicious pud, apparently Nissan is poised to announce that its huge Sunderland car factory will remain in the UK. Mind you, I suspect more than a little governmental dosh will be involved but, hey, it was ever thus!
Also, to repeat a phrase I always quoted at my suckers customers when I was flogging my old bits of 'shrapnel' - "caveat emptor" - buyer beware! I quoted this confident in the knowledge that none of them would ever understand it! So my warning today is that economically speaking, there will be some rough weather approaching. Why do I know this? Because there is always rough weather approaching! This time it might be the Italian banks going tits up and taking the EU even lower, or, the truth finally catching up with all those lying liars in the Chinese government, or, God help us, Trump/Clinton winning the American election and thus sinking the American economy. Nor, I must emphasise, should we underestimate the stupidity, fanaticism and anti-British malignancy of much of the European apparat who will strive to make exit negotiations as hard as possible. Cutting off noses to spite their own faces is something they're awfully good at!
'Still an' all' (as they say 'over there'), let us enjoy the moment which has proven all those so-called experts to be the utter prats we all suspected them to be!