Most left-of-centre broadsheets like to have a tame, ‘nice’ Tory, who understands the party and can translate the Tory tribes for readers who have never kissed a Tory and think they all go to their country estates for fox hunting on the weekends. Mark Wallace does an excellent job of explaining, not campaigning, in his columns. Guido usually checks out Matthew d’Ancona’s Guardian column to see how he explains the exotic Conservative carnivores to the quinoa-eating classes. The former editor of the Spectator is a better read than most Guardianista keyboard culture warriors…
His column this morning concludes:
“Brexit was designed by its most passionate supporters to fail: its purpose was to be betrayed, to enable a new movement to rise up, animated by fury and fear. Such a movement has now been born. It is already tearing the Conservative party to pieces. That, sad to say, is only the beginning of its plan.”
That is a failure of analysis amounting to myth making of his own. After the referendum, Vote Leave wound up, Dominic Cummings went to ground, Nigel Farage was happily cashing in on a media career, Matthew Elliott was off to the corporate world. No one was planning a new movement. They were demob happy and disengaging from frontline politics.
Kidding Guardian readers that Brexiteers would fight for decades as a means to build a movement when the promised Brexitland failed to be delivered just does not make any sense. If he had argued that the failure to deliver would spark a backlash movement, that would be unarguable, to claim that Brexit was designed as a means to build a movement is tosh. It is because this Parliament of Remainers has screwed up that only now a movement is rising. If Parliament even at this late hour somehow voted for a meaningful Brexit, the backlash movement would be stillborn…
The British commentariat has for the past three years delighted in reporting EU negotiating position as if it is an immovable object, the revealed gospel itself. That’s not what their track record in major negotiations suggests…
In 2010 it was almost universally received wisdom in the media and markets that there would be no Greek bailout. All the top figures vigorously denied it was even a possibility, as the Maastricht Treaty specifically precluded such a rescue package. As the EU kept reminding us…
Of course, later in 2010, Greece received €310 billion in bailout money, despite that being illegal under treaty…
Guido would gently suggest to political pundits that negotiations are negotiations, and portraying the word of one side as if it is the word of the almighty, especially in the context of a contradictory track record, is beyond daft. The EU claims that the backstop is unlikely to come into play, so a time limit on something that is unlikely to happen is not a reason for the EU to force a disorderly Brexit. The EU consistently bends the rules when they come under pressure…
Some absolute classics from Fleet Street’s finest over the weekend. The usually sagacious John Rentoul’s Saturday column for the Indy declared Amber Rudd to be in a “surprisingly strong position”:
Dan Hodges at 5:13pm yesterday evening was almost onto something with his view that the latest Guardian story “supports Rudd”:
Top prize however goes to Paul Mason, who confidently tweeted at 9.56pm: “It’s become easier to imagine the end of the world than a Tory minister resigning for probably lying.”
News of Rudd’s departure broke just minutes later. Mason immediately fired off another 20 tweets to bury the take and cover his modesty. Peak neoliberalism? Peak punditry…
The Brexit bill of £35-39 billion (as is being reported) is way less than the newspapers have been telling us it would be over the last few months. The Sunday Times reckoned May would agree to a £50 billion bill, the Telegraph said she had been handed a £50 billion bill by Brussels, most other papers ended up at a figure of €60 billion, the Express feared it could rise as high as €90 billion, and who can forget the FT taking copy from the Commission: “EU raises UK Brexit bill to €100 billion as Paris and Berlin harden stance”. In the end the profundity of the Remain punditry has ended up providing some handy expectations management for Downing Street, who can call this a significant win. A price well worth paying for Brexit…
UPDATE: Special mentions to Matt Holehouse who called it at £40 billion and Harry Cole who called it at £38 billion.
Robert Peston caused a bit of a stir yesterday afternoon reporting that Theresa May was about to “do a Canada”:
“Her aspiration for after those two or perhaps three years of transition is for our future trading relationship to be what is known – in the ghastly jargon – as CETA plus… What this means is we want a trade deal modelled on Canada’s new one (CETA) with the EU, that has just become operative in interim mode, and not the more intimate integration with the EU of Norway or Switzerland. The reason we are doing a Canada is there has been no resiling from the position taken by the PM in her landmark Lancaster House speech… all of that is broadly May’s position, to be expressed tomorrow.”
May actually ruled Canada out:
“One way of approaching this question is to put forward a stark and unimaginative choice between two models: either something based on European Economic Area membership; or a traditional Free Trade Agreement, such as that the EU has recently negotiated with Canada. I don’t believe either of these options would be best for the UK or for the European Union.”
Doh!
Over at the Telegraph they has this top pre-speech scoop:
Except it didn’t come true, there was no mention of this in the speech. Boris seemed happy too, rather than on the verge of resigning. Doh!
What about all those Remain pundits who said again and again that May had dropped her view that “no deal is better than a bad deal”? Asked by Laura K, May confirmed this was still her position. Doh!
Then there was Sky’s Faisal Islam, who after the speech claimed May was “65% towards the Norway model”. Nope, you can read May’s damning verdict of Norway here. Doh!
Brexit reporting not particularly enlightening at the moment…
It is now pretty much established consensus that humbled pollsters are having great difficulty calling votes. The pundits – particularly those at the FT and The Economist – are still ever so keen to sound authoritative on Brexit when it is their house editorial line, rather than the objective study of all factors, that is so clearly what determines their analyses. The Economist has a research and analysis division which claims to be a world leader in global business intelligence – the grandly named Economist Intelligence Unit or the “EIU”. As well as offering subscribers research updates it also does consultancy for corporations who want to know what is going on in the world. The EIU says “our knowledge of economics, politics and socio-demographics is second to none. If you need to see into the future, we can help.” Using “bespoke modelling and scenario analysis” the EIU “can provide country, industry or market scenarios based on expert judgement, modelling” so, “if you need to understand how a country or industry will respond to an event… we can model that too.” Corporations pay good money for the research and expect it to be reality-based rather than just journalists’ wishful thinking…
Guido has got hold of the EIU report for Britain dated June 28, 2016, five days after the referendum result. On politics it forecast:
On the economy EIU forecast:
The EIU predicted that by next year unemployment will rise by 380,000 and GDP will fall by 6% compared to the pre-June 23 baseline. The authors of these EIU reports are what the brilliant Nassim Nicholas Taleb calls “IYIs”, “Intellectual Yet Idiot” academic no-skin-in-the-game policymaking “clerks” and journalist-insiders. That class of paternalistic semi-intellectual experts with some Ivy League, Oxford-Cambridge education who enjoy telling us what to do. Academico-bureaucrats who are self-described members of the “intelligentsia” who can’t find a coconut on Coconut Island. A year after the Brexit vote the Economist Intelligence Unit has proven that it doesn’t know the right end of a stick.