Top Economist: Vote Owen Smith to Block Brexit

ANATOLE KALTESKY

Anatole Kaletsky, one of the first economists to point out the severity of the Northern Rock crisis, has been emailing round telling people to sign up to Labour to get Owen Smith elected so he can block Brexit. Smith’s support for a second EU referendum has inspired the Europhile economist to send this email to friends:

“If a Second Referendum becomes official policy of the Labour Party, SNP, Liberals, Greens etc will join in and this demand will prove very hard to resist for the Tories, even if Theresa May survives as Prime Minister (which I think is no more than a 50% probability).”

He has also been tweeting his 10,000 followers the same:

Alternatively, Vote Corbyn, save Brexit…

Mervyn King: ‘Doom and Gloom Wildly Exaggerated’

“There are some threats from the EU that will no longer be relevant. So, the idea there might be a tax on financial transactions – which George Osborne challenged, took to the European Court of Justice and lost his case – now we won’t be involved in that, and my guess is that any attempt in Europe to impose such a tax will never take place now because business will simply come to the City… There are obviously uncertainties in the short run… but the idea that this is a doom and gloom story seems to be wildly exaggerated.”

Project Calm from the former Bank of England governor…

Ed Vaizey Brillo’d Over Brexit Budget

Pro-Remain minister Ed Vaizey repeatedly dodged Brillo’s question about which, if any, economists think Osborne’s tax-hiking spending-slashing post-Brexit budget would work. Accused of “filibustering” to avoid an answer, Vaizey then launched a bizarre attack on the Remain backing IMF’s economic credibility:

“You know full well over the last six years when George took decisions about cutting spending and raising taxes organisations like the IMF told him he was playing with fire”

At times Vaizey was literally laughing at the less than credible lines he was sent out to spin…

Tyrie: Government Job Would be “Greatest Honour”

TYRIE

As expected Andrew Tyrie came out for Remain today with a speech at the Centre for Policy Studies. Equally unsurprisingly, Tyrie told the room he was open to a government job in the future:

“I’ve always said it would be the greatest honour to serve in any government.”

Asked if Nadine Dorries was right that he’d been offered a “sniff of Osborne’s dirty socks”, he replied: “David Cameron’s never offered me anything. I’m not aware that he is going to me anything”. Yet…

The long-term Europhile said he was “disappointed by the EU negotiations, I felt we could have asked for more”. Tyrie has condemned both the Leave and Remain campaigns for misleading figures. What was it that made him reserve stronger criticism for Leave today?

Only 14.7% of Economists Oppose Brexit

economist

BSE made a big play out of “nine out of ten economists” apparently warning against Brexit this week. The figure was based on a self-selecting Ipsos MORI survey of economists from the Royal Economic Society and the Society of Business Economists. But BSE had some fun with the figures…

The survey was sent out to 3,818 economists. Only 639 (or 16.7%) replied, of which 561 said Brexit would be bad for the economy. That’s just 14.7% of the total number of economists contacted. So rather than nine out of ten economists warning against Brexit, it was actually closer one in seven. Not that you’d know that from their cheeky statistics trickery…

Hard Left Silent Over Venezuela Chaos

venezuela chaos

The pro-Chavez cabal at the heart of the British left threw their full support behind President Maduro’s socialist tyranny when he took over Venezuela in 2013. Owen Jones, Seumus Milne, Diane Abbott and even Jeremy Corbyn all piled in to support the regime, with Corbyn’s spin doctor Seamus Milne declaring “Venezuela and its progressive allies in Latin America matter to the rest of the world… because they have demonstrated that there are multiple social and economic alternatives to the failed neoliberal system that still has the west and its allies in its grip.” So where do they stand on Maduro now…

Neither Jones nor Milne have mentioned Venezuela on Twitter in a year, while Abbott and Corbyn have remained silent now for three. The failed Maduro regime, now falling apart, was always going to be the tyrannical logical conclusion of Chavez’s policies that these left-wingers ardently advocated at home and abroad. Shortages, hyper-inflation, riots, the regime’s continued crackdown on opposing voices and recent threats to nationalise private industries as a way to radicalise the revolution show all the hallmarks of a desperate regime on the verge of collapse. The Corbynista “economic alternative” model has failed spectacularly in Venezeula…

McDonnell Tells Guido Why He’s Selling Out

Guido has had the chance to ask John McDonnell, a hardline Eurosceptic, why he is selling out on his principles and backing Remain. You can tell by the withering answer and look on his face that toeing the line pains him:

“I’m old enough to have voted in the last referendum, and I voted not to stay in… I’ve been somewhat anxious about the way Europe has gone since… I’ve been convinced of the need to Remain within, in terms of jobs and commitments, and also the internationalist approach that we have tried to develop as a party, in terms of working cooperatively with others across Europe and elsewhere in the globe. But I do see the need for a reform agenda, and that’s the good thing about the EU debate now: it will enable us to bring forward a reform agenda… I’m trying to be as honest as I can.”

The “honest” answer is that he believes we should Leave…

Seen Elsewhere