The morning after the morning after.

Just to be clear then:

Do we get back the £350M? No, it never existed. We do lose a whole load of inward investment, though. Nasty surprise for Cornwall who are now a bit nervous that the government won’t replace the £60M they used to get from the EU. Also for the Brexit farmer who thought he’d still get his EU subsidy.

Still, at least some of the ‘saved’ money will go on the NHS, right? Vote Leave were quite clear about that. Well, no. Farage was quick to knock that on the head, yesterday morning. As far as I know, no Leave politician has rushed to correct him.

But what about immigration? At least that’ll get tackled at last. Um, no. Dan Hannah says Vote Leave never promised any significant reduction in immigration numbers. I guess that’ll surprise a few people who voted Leave. It’s good news for the French, though, who have stated that the border control will move from Calais to England. What a relief for them.

So, what did we get? More sovereignty, maybe? Possibly, at least until we need trade deals with the EU, at which point we’ll need to agree to the EU membership rules, like the other European, non-EU countries. Then we’ll go back to the same set of rules but with no say in them. That sounds like less sovereignty to me. Incidentally, Leavers did like to suggest that the EU would be falling over itself, inviting us to stay or at the very least enthusiastically negotiating new trade deals. As it turns out, though, they’re holding the door open and asking us to get a move on.

We do get a new Prime Minister, though. Probably the mendacious, narcissistic, self-serving Boris Johnson, a man who was – until this career opportunity – pro-EU. Having caused all this damage and mayhem he stated yesterday that he was in no great hurry for the exit to take place. Finally, Boris may have to take responsibility for the consequences of his actions.

We also get worse international credit ratings from S&P and Moody’s, which is dreadful news, and a far weaker pound, which is good news for anyone who exports abroad, although they will find they’ll have a little more paperwork and more obstacles to sale than they used to. Not great news for anyone planning to take a holiday abroad, though.

It’s good news that Morgan Stanley aren’t moving those 2,000 jobs to Frankfurt immediately although less good that they say they won’t wait for Article 50 before doing so. (Moving away from facts for a moment; I’d suggest they won’t be the only financial institution that moves. I suspect a lot of manufacturing by international firms – like cars – will move, too. But that’s just what I think.)

Finally, after we avoided the break up of the Union, if only by the skin of Cameron’s teeth, Nicola Sturgeon is moving, quite legitimately, for a second referendum. It doesn’t take much imagination to see how that will go this time. (I’d like know whether they’ll offer citizenship to English people because now I find myself thinking about becoming an immigrant.)

Did I miss anything? And is there any good news? Because I’d really like some.

About fennerpearson

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One Response to The morning after the morning after.

  1. It’s all good fun Fenner, the level of stupidity and dishonesty around this will make the whole thing implode, none of it stacks up as you say. What is most amusing is the ludicrous gulf between the aspirations of the people who voted to leave (I’ll be neutral here and describe those aspirations as: job security, decent pay, investment in and protection of public services such as the NHS) and the right-wing ideologues who led the Leave campaign. Farage, Johnson and Gove absolutely couldn’t care less about protecting ordinary working people: right-wing libertarian capitalism of their variety wants employers to have the lowest possible employment costs. That’s how it’s always worked. This requires just as much immigration as we had before, possibly even more, to drive down wage costs for companies. We’ve already heard as much explicitly. The Leave leaders want to privatise the NHS too, and Gove would of course turn all schools into academies with chief executives earning hundreds of thousands of pounds a year. Basically they want an absolute free market, without any EU or other restraints on rights, pay, pensions, education, healthcare etc. And the people who supported them want the exact opposite. It’s a marriage made in hell and it will end in divorce long before we get close to leaving the EU.

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