That “We’re already experiencing “project reality” about the likely consequences of Brexit”. He concentrates on the car manufacturers, including Nissan, Vauxhall, and the possibility of them closing down “not project fear, but the reality of Brexit”.
He also mentions the Aughton Remainer meeting at which remainers said that a “no-deal Brexit would result in a 12% contraction of the Merseyside economy which compares with a contraction of 0.2” in the recession following the banking crisis in 2009-10. They would say that wouldn’t they? The Aughton meeting was full of project unreality, especially to spread the usual doom and gloom we hear from remainers.
Far from what the gloomsters proffer, the UK’s car industry looks like it’s shifting into top gear as Britain approaches the Brexit finishing line. The announcement by Jaguar Land Rover of a new three million-square-foot distribution centre in Leicestershire, supplying to 80 markets worldwide is clearly showing confidence in global Britain.
The new campus is expecting to create a sizable number of new jobs in the area and shows Jaguar Land Rover plan on having a stake in Britain’s sizable car industry for many more years to come. Not what remoaners want to hear? They must be quite exhausted and tired of making wrong predictions.
Elsewhere in the EU, Germany to be precise, Volkswagen is shunning the EU and opting for cheaper Turkey, causing dismay in the European Parliament. Oh dear, is that the fault of Brexit? According to the EU “In view of the increasingly deteriorating situation of the rule of law, media freedom and democracy under President Erdogan, the decision of the VW Group head is causing dismay. The location decision is also said be a breach of EU competition rules. While Turkey has committed to complying with EU rules of the Customs Union, it has never done so by law”.
Mr O’Hara ends by writing “It is high time for the public to be asked again whether they really still want Brexit as people are now far more aware of the real effects of it 40 months on from the referendum”. But employment is at its highest, and unemployment is at its lowest, for 44 years. The jobless rate sank to 3.9% in the three months to January from 4% a month ago, the lowest point since the start of 1975. Companies increased their hiring activity to add another 222,000 people to the UK workforce, taking the overall number in work to a record high of 32.7 million. Annual growth in average pay remained at 3.4%, the fastest rate in a decade. [Source The Guardian]
And economic growth in the eurozone appears to have remained weak in the first quarter of 2019 after a disappointing conclusion to last year. The latest snapshot showed that manufacturing output contracted the most since December 2012, a period when the eurozone was gripped by the sovereign debt crisis.[Source The Guardian]
Mr O’Hara might think that people want to be asked again about Brexit, but he might by now be aware of a huge poll of 26,000 people that records 54% for leave and 46% for remain, greater than the 52-48 2016 choice.
If he reads the news he will know that “In the year to June, London has attracted more cross border commercial real estate investment than any other city, has overtaken New York for fintech investment & has increased its dominance of the world’s $6.6 trillion daily foreign exchange market”.
And “The #EU aren’t trying to keep us in out of love or friendship. They want to keep us because they are terrified of the UK reaching its economic potential. Merkel openly compared us to China and the USA as a potential ‘competitor”.