The other day I read an article about how incoherent Brexiters are. They say there are no problems with the economy and then blame remainers for causing them (the problems that don't exist). As if on cue, Tim Wallace at The Telegraph has a piece about Trump being a bigger threat to the global economy than Brexit (HERE). It is a prime example of cognitive dissonance.
Firstly, the headline implies that Brexit is a threat to the global economy even if the author thinks Trump is a bigger one. But more than this, he claims that the earliest indicators after Brexit point to "robust growth", using a single article by his colleague Alastair Heath to bolster it. Then in the next paragraph he says, "The vote has implications for the rest of the EU and for world trade, with the outcomes far from certain. A slowdown seems likely.
He follows this with, "The outcome of trade talks with the EU are far from certain, though there are clear risks. Britain will lose out if exports are subject to EU tariffs, while EU customers will suffer if they pay the tax. The market for services is more significant for the UK, as the City of London needs EU customers, and they need the City".
And, "Economically speaking, migration is a big positive. Extra resources mean more growth, and allowing workers to move to the best-paying jobs means more value is created, benefiting workers, employers and customers".
This is from a newspaper that heavily backed Brexit, waving away any possible risks and accusing anyone suggesting there was risk as a scaremonger. Now Mr Wallace at least says immigration is a good thing and admitting The City needs EU customers. It remains to be seen how much the EU needs The City.
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