No. 10 Loses Half its FTSE Support Since Dave’s Deal

Last Thursday, before the EU council meeting, the Telegraph had a briefing that “more than 80 FTSE 100 firms” were about to support Dave’s deal and back Remain:

Yesterday, after the deal, the FT reported that only 50 FTSE bosses were going to sign the letter supporting Remain:

As Guido revealed, the stunt had been drafted and orchestrated by Downing Street civil servants, and was lined up to appear in today’s Times. Sure enough, here it is in this morning’s paper:

Yet just 36 FTSE 100 bosses have signed…

Five days ago, journalists were being briefed that No.10 and Remain had 80 FTSE bosses backing them. Since the EU council meeting and the deal, more than half no longer fancied giving their support. Just 36 names for the letter backing Dave’s deal is positively paltry… 

H/T @suttonnick



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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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