{"id":19676,"date":"2016-07-12T01:07:37","date_gmt":"2016-07-12T00:07:37","guid":{"rendered":"https:\/\/www.diaryofanadi.co.uk\/?p=19676"},"modified":"2016-07-12T01:07:37","modified_gmt":"2016-07-12T00:07:37","slug":"more-brexit-fallout","status":"publish","type":"post","link":"https:\/\/diaryofanadi.co.uk\/?p=19676","title":{"rendered":"More Brexit Fallout"},"content":{"rendered":"

It just continues to get better and better. They keep repeating that Brexit was \u201cdemocratically decided\u201d and we must therefore continue to run to the precipice – which is clearly signposted in front of us \u2013 at full speed, and all jump off together. Even those of us with IQs greater than that of frog spawn.\"Walking<\/p>\n

The media continues to report confusingly in its pathetic attempts to remain \u201cunbiased\u201d, this time with a story that Boeing has signed a \u00a33 billion deal for nine aeroplanes<\/a> to be built in the UK. I don\u2019t think for one moment that the BBC is naive enough to believe that this whole deal was begun and concluded following Brexit voting. But they\u2019re definitely devious enough to know that that\u2019s precisely what its readers will think when they read that story.<\/p>\n

The simple fact is that it was too late for Boeing to pull out of the deal, that\u2019s all. And while it is good for British industry (Lossiemouth is in Scotland, so it may not be British for much longer), the deal does not mean that Brexit will lead to more of the same. In fact, the BBC\u2019s glib report refers to \u00a34.6 trillion of new aircraft being needed between now and 2035 \u2013 completely overlooking the fact that what has happened during the last two weeks is likely to be chickenfeed compared to what happens over the next 20 years as a result of those two weeks. And that really is<\/strong> naive.<\/p>\n

Asia, for example, is not going to go ahead with ordering over 15,000 new aircraft from the UK (or what will be left of it when Scotland leaves) because it will cost them more. I mean, come on. No one is stupid enough to pay 10-20% more to the UK for what they could get from the EU or elsewhere. And then, of course, there will be the extra costs on the UK side now that GBP is worth less.<\/p>\n

The BBC is also at its sneaky games with the value of the \u00a3. On it\u2019s Business Live page<\/a> \u2013 and in a sub-headline on the main BBC News homepage \u2013 it announced that \u201cSterling Moves Higher\u201d.\"BBC<\/p>\n

Naturally, all the little Brexiters would have been sitting there going \u201cSee! Everything\u2019s OK. Let\u2019s go and roast an immigrant for supper!\u201d<\/p>\n

In actual fact, this is what the \u00a3 did today.\"GBP<\/p>\n

The move was by less than 1 US cent at the time they were rattling on about it (and it\u2019s barely 1 cent even now). Anyone else can see that a) it fell off a cliff when the EU Referendum result was announced, b) it has remained off that cliff, and c) it is slipping lower and lower down the cliff.<\/p>\n

Putting some numbers to it, it has risen by about 0.75% in the last two days. Four days ago it fell by 2%. On the day of the referendum result, it fell by 8%. Compared to the pre-referendum result price, it is currently 12.5% lower. And the BBC is trying to make this sound good?<\/p>\n

Of course, the referendum result has torn the government apart. But that is completely irrelevant as far as many are concerned, because\u2026 FANFARE, followed by the Choir of the Heavenly Host\u2026 we will have a WOMAN prime minister.<\/p>\n

Actually, Theresa May is merely PM by default \u2013 she wasn\u2019t voted in, nor did she win any sort of competition for the leadership. It\u2019s just that various dirty tricks (much of it amplified by the media) ensured that everyone else pretty much had to throw in the towel to avoid some petty scandal or another. Personally, I see it as very bad news, because if Cameron had hung around until later in the year the negative effects of Brexit would have become ever more apparent, making the result of the referendum even more nonsensical than it obviously was in the first place. My worry is that she\u2019ll trigger Article 50 sooner rather than later.<\/p>\n

I mentioned in an earlier article how they keep going on about the referendum result being \u201cdemocratic\u201d \u2013 so with a small majority (many of whom don\u2019t work for a living and blame the fact on immigrants) favouring the suicide pact known as Brexit, the rest of us who do<\/strong> work are being expected to have big smiles on our faces as we see our livelihoods cast into the abyss. This is all the more amusing when one considers the almost complete absence of democracy involved in promoting Theresa May to PM (and denigrating the rest), and the refusal by the government (so far) to acknowledge the validity of over 4.1 million signatures asking for a 2nd referendum.<\/p>\n","protected":false},"excerpt":{"rendered":"

It just continues to get better and better. They keep repeating that Brexit was \u201cdemocratically decided\u201d and we must therefore continue to run to the precipice – which is clearly signposted in front of us \u2013 at full speed, and all jump off together. Even those of us with IQs greater than that of frog […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[98,87],"tags":[],"class_list":["post-19676","post","type-post","status-publish","format-standard","hentry","category-brexit","category-news"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/19676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19676"}],"version-history":[{"count":0,"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/19676\/revisions"}],"wp:attachment":[{"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diaryofanadi.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}