![\"Soup](\"https:\/\/www.diaryofanadi.co.uk\/wp-content\/uploads\/2016\/07\/soup_kitchen.jpg\" "\\"Soup")
<\/p>\nMind you, the swings are fifty feet high, whereas you need a magnifying glass to spot the roundabouts.<\/p>\n
Hot on the heels of yesterday\u2019s news that GSK is investing \u00a3275m in itself to expand in the UK<\/a> (note that GSK is worth over \u00a380 billion \u2013 the investment is about 0.3% of that), and the Brexiters\u2019 fanfares declaring how right they were all along about leaving the EU, the pendulum swung back the other way today as Lloyds Bank announced job losses and branch closures<\/a> \u2013 citing the effects of Brexit as one of the reasons.<\/p>\n Lloyds was already in the middle of cutting 9,000 jobs and closing 200 branches, but it has announced a further 3,000 job cuts and a further 200 branch closures. Brexiters can only see Lloyds\u2019 pre-tax profits, which were up 101% on last year, and their army of Internet trolls is consequently out in force against Lloyds. In reality, Lloyds\u2019 underlying profits fell<\/strong> by 5%, and their CEO foresees a \u201cdeceleration of growth\u201d as a result of Brexit.<\/p>\n So, in the space of a couple of days, we have an \u201cinvestment\u201d which may generate a few dozen jobs (ironically, most of them up in Scotland), and a much more significant loss of 3000 jobs at Lloyds.<\/p>\n And still<\/strong> the Brexiters think they were right.<\/p>\n","protected":false},"excerpt":{"rendered":" Mind you, the swings are fifty feet high, whereas you need a magnifying glass to spot the roundabouts. Hot on the heels of yesterday\u2019s news that GSK is investing \u00a3275m in itself to expand in the UK (note that GSK is worth over \u00a380 billion \u2013 the investment is about 0.3% of that), and the […]<\/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,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":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},"jetpack_post_was_ever_published":false},"categories":[98,87],"tags":[],"class_list":["post-19827","post","type-post","status-publish","format-standard","hentry","category-brexit","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t