UBS Experts Wrong Again

The experts at UBS forecast an economic crash for the UK and an exodus from the City if we voted to Leave the EU, threatening to move 1,000 jobs out of the country as a result of Brexit. It turned out there was no crash and the bank u-turned on its Brexodus scaremongering. They were wrong then, and they’re wrong now…

Before the World Cup, UBS deployed a team of 18 analysts and editors and ran a computer simulation of the tournament 10,000 times. They determined Germany would win. Yesterday the Germans crashed out in the group stage, finishing bottom after a humiliating 2-0 defeat to South Korea. In 2014 UBS said Brazil would win – they lost 7-1 in the semi-final. What was it Michael Gove said about “experts from organisations with acronyms”…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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