UK Tech Investment Surges 115%

We were warned before the referendum by George Osborne, economists, think tanks, the IMF, OECD and investment banks that business confidence would collapse and investment would dry up if Britain voted to Brexit. Last year, the first full year when investors knew Britain would be Brexiting, saw tech investment hit a record with €7.1 billion* raised, a 115% year-on-year increase in investment in the high-tech industries and firms of the future. That is more than France and Germany combined…

Source: a report by technology investment firm GP Bullhound.

Overwhelming Anti-Brexit Bias of Former Top Civil Servants

Anti-Brexit bias runs like a spinal cord through the bloated body of civil servants and ex-mandarins that make up Whitehall. This group of metropolitan remainers – whose fat pensions are funded by the taxpayer – are an influence network which has been regularly accused of trying to hamper Brexit. Many of them have seats in the House of Lords. Last night every living former Cabinet Secretary voted against the government on the customs union. A Guido probe reveals the extent to which former top civil servants share anti-Brexit views…

Let’s start with Lord David Hannay, formerly Ambassador and Permanent Representative to the European Economic Community. He tarred all Leave voters with the same brush, calling them “feckless” during a Parliamentary debate last year. That’s 17,410,742 voters dismissed…

Lord Robin Butler – Cabinet Secretary for a decade under Thatcher, Major and Blair, loudly and publicly opposes Brexit. He claims leaving the EU:

“Strikes a dagger to my soul… The United Kingdom being motivated by an illusory quest for independence, in a world which becomes more interdependent day by day, is a painful prospect.”

Sir John Kerr – former Permanent Under Secretary of State at the Foreign Office (a particular hotbed of remain sentiment) – wants Article 50 reversed and believes the UK should accept a subordinate position to the EU:

“At any stage we can change our minds if we want to… we can remember that an Article 50 notification can always be withdrawn… in the end, we will basically come to heel.”

Lord Sir Nick MacPherson, Permanent Secretary to the Treasury for more than a decade, suggested stopping Article 50, even if it demands a change of government:

“Lord Kerr drafted Art. 50 and entirely right that Brexit can be halted at any time. Odds are against but all governments’ lives are finite.”

Lord Ricketts, former Permanent Under Secretary of State of the Foreign and Commonwealth Office, denied that the EU intends to create its own army despite evidence to the contrary:

“I think we can be completely relaxed about the prospect of a European army; it is never going to happen.”

Former Head of the Civil Service Lord Kerslake – often deployed by Corbynistas as a policy ally – says there is “no upside” to Brexit:

“The challenge here, and I’ll be very direct about this – from my perspective there is no upside [to Brexit]. This is about damage limitation. And we’re working in a situation where policy has not been properly settled.”

Sir Martin Donnelly – Permanent Secretary of the Department for International Trade until last year, prefers a food analogy. He compared leaving the Customs Union to sign trade deals with other countries to:

“Giving up a three-course meal now in favour of the promise of a packet of crisps”

And let’s not forget Lord Gus O’Donnell, Cabinet Secretary from 2005-2015, who publicly campaigned for ‘remain’. Faced with the legacy of this gang of Brussels-loving Sir Humprheys, no wonder Brexiteers think Whitehall is working against them…

May and Rudd Trying to Be ‘More Brexit Than Brexit’ on Immigration

Two pieces today express the unhappiness of Brexiters with Theresa May’s version of Brexit. Boris tells the Telegraph leaving will be “pointless” if we cannot diverge from the EU and strike trade deals with other countries, and makes the case for a “liberal” immigration policy that allows us to take “software people from Hyderabad” and “Australian paramedics” as well as skilled migrants from the EU. Fraser Nelson blasts May for pursuing “the wrong Brexit” in the Spectator, warning:

“Many Remainers genuinely believed they were engaged in a battle of ‘open’ vs ‘closed’ — and that ‘closed’ won. So as democrats, they ought to obey what they believe to be the demand of Brexit voters: clamping down on migration, sounding more tough and less liberal. This is a tragic misreading not only of the referendum result, but of public opinion today. Seeking to control immigration is not the same thing as being anti-immigrant…

Limits should be placed on unskilled labour, as is common in most countries, but skilled workers should be welcomed with open arms. There should be no more treating Australians or Indians as second class immigrants, and no more violinists deported to Massachusetts because they don’t earn enough.”

This is essentially the problem with two Remainers, May and Rudd, being in charge of the post-Brexit approach to immigration. In an effort to win the support of Brexiters, May and Rudd have overcompensated and tried to be more Brexit than Brexit, playing up to their caricature of what they think Leave voters want. A Leave Prime Minister would not have used EU citizens as bargaining chips as May did for so long. A Leave Prime Minister would not continue to favour EU migrants over non-EU migrants post-Brexit, as Brexiters fear May and Rudd will do to get a better deal. Polling by Open Europe found 56% supported continuing immigration “as long as there are controls to make sure they will contribute to our society, economy and way of life”. It is about control and fairness, not the cold approach exemplified by the Windrush scandal…

Former Civil Service Chiefs Vote Against Brexit

If anyone is still wondering why Brexiters think the civil service is working against Brexit, take a look at this. As the Times’ Henry Zeffman points out, every living former civil service Cabinet Secretary voted against the government on the customs union last night. As did three former permanent secretaries at the Foreign Office and the former permanent secretary at the Treasury. Our former civil service chiefs voting directly against the will of the 52%…

Government Loses Lords Customs Union Vote

As expected the government has lost the vote in the Lords on the customs union by 348-225. This will be spun up as a huge win for Remainers that means we are likely to stay in the customs union. That is not the case. Even Remainers Guido has spoken to today agree that is an exaggeration – the vote only requires the government to make a statement outlining its position. The problem is it provides room in the Commons for Remainers to toughen up their amendment there, causing potential problems down the line. No10 must hold firm – staying in a customs union is not Brexit…

Rudd Allies Claim Brexiters Stoking Windrush Scandal

A brave intervention from ‘Cabinet allies’ of Amber Rudd in The Times, who have gone full Skwawkbox and suggested the Home Office’s recent woes are a part of a campaign by Brexit-supporting MPs to undermine the Home Secretary. Almost impressively tone-deaf to brief the papers that the Windrush scandal, Caroline Nokes’ car crash media round, soaring violent crime and the ensuing cock-up of the violent crime strategy launch have all been exaggerated by Leavers to do in Rudd. The Windrush revelations have been led by that famous Leave-supporting newspaper The Guardian and half of these fiascos are Theresa May’s fault anyway. To be fair to Amber, the Times piece does say halfway down that she “is understood to reject such conspiracy theories”. That other ministers are indulging such theories goes some way to explaining the cross-government handling of the Windrush fiasco…

London Office Rentals Soaring #DespiteBrexit

London office rentals are soaring according to two separate reports released this week. 2.3 million square feet of office space was let in central London in the three months to March 31, according to estate agent JLL. That’s 14% up on last year and 5% up on the ten year average… 

Meanwhile agents CBRE say they have had the strongest first quarter since 2012. The firm estimates more than 9 million square feet of office space is being sought in London. Just last November the FT claimed the future of the London office rental market “looks distinctly grey… Companies are already rushing to secure space elsewhere. European rental markets are booming.” Look forward to their update…

Sterling At Highest Level Since Referendum

Sterling hit its highest level since the EU referendum today, beating a previous post-Brexit high in January. The pound reached $1.437 this morning. The pound has gained more than 5% against the dollar so far this year…

Analysts are calling the pound “the darling of the currency world”. As the City becomes more bullish on a deal, the Project Fear predictions – not least those of the Treasury – on the long-term weakness of the pound are being disproved. No humility on display, however…

Labour Delays Jared O’Mara Probe

Labour’s investigation into Jared O’Mara has been delayed by the resignation of their governance director John Stolliday, according to reports. Jared has been filing written questions and voting in accordance with the Labour whip but still hasn’t ever spoken in the chamber. The constituents of Sheffield Hallam effectively unrepresented… 

Unemployment Rate Falls to 4.2%, Lowest Since 1975

  • Unemployment rate falls to 4.2%, lowest since 1975
  • Employment rate highest since records began in 1971
  • Public sector pay up 2.5%
  • Private sector pay up 2.3%

Despite Brexit, or because of Brexit?

Brexit Characters: Is Bond Really a Remainer?

Patrick Stewart told Marr yesterday today that Star Trek’s Jean-Luc Picard and the X-Men’s Charles Xavier would have voted Remain. Which reminds Guido that in the final weeks of the EU referendum YouGov asked Brits how they thought various fictional characters would vote. Basil Fawlty obviously would vote for Brexit, he’s probably chairman of his local UKIP branch. Sir Humphry is obviously a devious Remainer. Guido is pleased to see that for Sherlock Holmes the logic of Brexit is elementary. Surely James Bond, who risks his life for Queen and country, would not have any loyalty to the EU, an organisation run by foreign villains with the type of HQ that usually ends up exploding towards the end of the movie?

Business Confidence Returns to Positive

An Institute of Directors poll of 700 company directors has found that business confidence has returned to positive for the first time since Article 50 was triggered. The IoD say the transition deal “has brought some much needed reassurance” and that Brexit is no longer even in the top three concerns of business leaders. IoD senior economist Tej Parikh said:

“It seems likely meaningful progress in Brexit negotiations since December has brought some much needed reassurance.”

Expect the remain press to lap this one up…

Goldman Sachs CEO: I Was “Wrong” On Brexit

Goldman Sachs chief executive Lloyd Blankfein has admitted he was wrong on Brexit. The arch-Remainer said at a Politico event earlier today:

“I am wrong because I would have thought there would have been a worse outcome by now… We are building a big building [in London] for more than £1 billion… I thought there would have been a more dramatic effect by now. As of now the effect hasn’t been dramatic, but you couldn’t tell from the way our building is going up – but three years from now – decisions are being made today that might result in less economic activity so there may be a lag – but at this point it hasn’t been as dramatic a fall off…  the UK should remain and be encouraged to remain not the exclusive financial centre but a dominant financial centre for Europe.”

The Goldman chief previously proposed a second referendum and infamously tweeted: “Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit”. Now it seems he’ll not be spending that much time in Frankfurt after all…

British Manufacturers Report High Profitability and Confidence

Britain’s post-Brexit boom continues as UK manufacturers recorded their second-highest levels of profitability ever. According to the Office for National Statistics, net rates of return for manufacturing companies increased from 13.8% in the third quarter of 2017 to 15.8% in the final quarter, marking the second-highest value to date. On top of this, the latest UK Business Outlook from IHS Markit released this morning shows manufacturers are bullish on growth:

“Growth expectations in the manufacturing sector are the highest for more than two and a half years manufacturers cite the improving global economic backdrop and hopes of increased export sales.”

The net balance of UK manufacturers predicting a rise in output is at +58% in February, up on+54% in October 2017. And they said Brexit would crash Britain’s manufacturing sector…

Ofcom Boss Sacked For Opposing Brexit Wins Huge Pay-Off

An ultra-Remainer former quango chief will receive a huge pay-off from the taxpayer despite being sacked for openly criticising the government on Brexit. Former Economist editor Bill Emmott became head of Ofcom’s Content Board in 2015; as a journalist Emmott proposed extending the single market, advocated a new EU ‘energy union’ and made an anti-Brexit film for the BBC called The Great European Disaster Movie. He is a properly fanatical Europhile… 

The following year Emmott was let go having given an interview to an Italian newspaper headlined: “Outside Europe the UK dies”. He had also tweeted: “Prediction: Jeremy Corbyn will be Britain’s PM by 2020. Boris’s legacy” and “Gove scaremongers on migration free-for-all”. Ofcom bosses are subject to strict impartiality guidelines, all the more crucial in a referendum year…

Emmott took the government to the High Court over the circumstances of his departure and was granted a judicial review. Last month DCMS sneaked out a backpedalling statement:

“The parties now recognise that his departure from the post reflected changed circumstances since his recruitment and have agreed formal terms to resolve the dispute between them.”

Matt Hancock’s department has now agreed to pay a substantial sum in compensation, which Guido understands could be up to £80,000. An arch-Remainer paid off with your cash despite clearing bringing Ofcom into disrepute with his blatant anti-Brexit bias…

Museum of Brexit Launched to Celebrate Eurosceptic History

A new ‘Museum of Brexit‘ was launched today to immortalise the proudest decision in the political history of the United Kingdom: the vote to leave the European Union. The Museum of Sovereignty, more familiarly the ‘Museum of Brexit’, will capture the historic decision for future generations to study and enjoy. The project, which is being organised by a group of prominent Leave supporters, will:

“Collect and collate an archive for the benefit of students, academics and the interested public in order that that historic decision is understood and appreciated both in itself and in the context of the times in which it happened. It will look at the popular movement and focus on both the individuals and groups that drove the debate.”

The museum is now calling for donations of all kinds of memorabilia from the Eurosceptic politics of the past 40 years, from the campaign against joining the EEC during the early 1970s, up to and including the 2016 referendum. Collection centres have been opened across the country to receive donations of such material. Get hunting…

There are dozens of taxpayer funded institutions mandated to celebrate and propagandise for the European Union. The EU operates its own university and a huge archive, as well as a network of 165 research centers committed to promoting the narratives of the European Union, often uncritically. The Museum of Brexit will counter these narratives…

Guido expects to see a huge statue of Nigel Farage, a copy of the article 50 letter, a model of the Vote Leave campaign bus and plenty of references to EuroGuido, with a special #DespiteBrexit exhibition. What do you think should be in the Museum of Brexit?

Gardiner: Labour’s Brexit Policy is Bollocks

Barry Gardiner on Labour’s “six tests” in a leaked recording obtained by the BBC:

“Well let’s just take one test – the exact same benefits. Bollocks. Always has been bollocks and it remains it.”

Surely he’s done…

Cadwalladr: My Story is More Important Than Salisbury Attack

Good to see Carole keeping everything in perspective…

May Again Fails to Say She Now Supports Brexit

As someone once said, “You can only deliver Brexit if you believe in Brexit…”

She just can’t say it…

Britain Still Backs Brexit 52% V 48%

This poll released last week shows 52% (43% + 9% “softer”) back Brexit. 48% don’t. Those numbers are familiar. Plus ça change…[…] Read the rest

+ READ MORE +



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Keir Starmer says…

“Article 50 was triggered a year ago. I don’t think there is any realistic prospect of it being revoked. Therefore we will be leaving the EU in March 2019.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Anti-Brexit Bias of Former Top Civil Servants Anti-Brexit Bias of Former Top Civil Servants
Government Loses Lords Customs Union Vote Government Loses Lords Customs Union Vote
Is Bond Really a Remainer? Is Bond Really a Remainer?
Sunday Shows Highlights Sunday Shows Highlights
Business Confidence Returns to Positive Business Confidence Returns to Positive
Goldman Sachs CEO: I Was “Wrong” On Brexit Goldman Sachs CEO: I Was “Wrong” On Brexit
Museum of Brexit Launched to Celebrate Eurosceptic History Museum of Brexit Launched to Celebrate Eurosceptic History
Britain Still Backs Brexit 52% to 48% Britain Still Backs Brexit 52% to 48%
Remainers Finally Realising They Can’t Stop Brexit Remainers Finally Realising They Can’t Stop Brexit
Vauxhall Chooses UK #DespiteBrexit Vauxhall Chooses UK #DespiteBrexit
Leave.EU Hurting Brexit Cause Leave.EU Hurting Brexit Cause
UKIP Saved from Bankruptcy UKIP Saved from Bankruptcy
Adonis Thinks Cadwalladr Has Gone Too Far Adonis Thinks Cadwalladr Has Gone Too Far
Remainers Blow Half a Million on Ad Campaign in FT, Guardian and Standard Remainers Blow Half a Million on Ad Campaign in FT, Guardian and Standard
FAO Carole Cadwalladr: Sinister Remain Nexus Revealed FAO Carole Cadwalladr: Sinister Remain Nexus Revealed
Does Shahmir Have Smoking Gun? “No” Does Shahmir Have Smoking Gun? “No”
Poll: Overwhelming Majority Say Get On With Brexit Poll: Overwhelming Majority Say Get On With Brexit
Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable” Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable”
Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ
Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories