Wednesday, 27 July 2016

DIGBY JONES SAYS BREXIT TO HAVE TINY ECONOMIC IMPACT

We are beginning to see a move by the enthusiastic leavers to claim that all of the economic bad news, much of which was forecast by the remain campaign, before the referendum, is actually nothing to do with Brexit.  The latest is Digby Jones (HERE) former director of the CBI (and a man who often comes across as a bit of an idiot).

He says, "There's not going to be any economic pain. If there are job losses, they will be very few" and, "One of our customers was thinking last week that they might not do a certain deal. Today they've said they won't and the reason is Brexit. It's got nothing to do with Brexit - but it's a very convenient thing to blame.".

So amazingly, even when told by the actual investor that Brexit was the reason an investment will not now go ahead, he says it isn't!  Even if the country suffers a huge economic reversal and the date it began can be traced back to is precisely June 23rd Mr Jones would claim it was a coincidence.

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