Remainers go for objectivity

Both the BBC (Newsnight) and el Gruadiano covered the latest news on the economic front showing that there has been no disaster so far. Even the OECD says so. How to cover our remainer backs?

Let's get objective. Evan Davies, none other, began his Newsnight coverage by saying both sides had been guilty of exaggeration (none more than him, but that was in the past and he hopes we have fogotten). He interrogated some experts (two remainers to one leaver), and asked a leaver to restore his confidence. This was after the leaver had said that the devaluation of the pound by about 10% was not particularly disastrous and was a response to longer term problems anyway.

The other remainer was able to suggest that relative economic stability would still be dangerous if it encouraged the British Government to get stroppy with the EU and demand a hard Brexit. Presumably, this would be worse that economic instability which would have us whimpering for a good deal and the EU getting stroppy?

Finally Evan was able to divert the issue from his own earlier hysteria by saying that we still have not left the EU so the long term is still in doubt, and secondly, that economic predictions were notoriously unreliable. His remainer ally said that was because governments, and/or the Bank of England had taken action to forestall any immediate crisis -- fancy that!

They did manage to agree that lingering uncertainty was the  harmful residue of Brexit. We can't have buccaneering, risk taking entrepreneurs put off by uncertainty can we? Nor did recession and the Great Crash provide any harmful uncertainity, it seems. Why, if it were not for Brexit, all would be set for an entirely smooth transition to broad sunlit uplands with affluence for all.

None of these reservations had been aired by the BBC before, of course. We were assured doom was imminent and that all reputable economists had said so.Nor can the relative failure of these gloomy forecasts (so far) be explained by anything other than unfortunate imprecisions in the very science of Economics. 

No one said ideology, even the BBC's version of it -- bias. The English ruling class when confronted with failure has always opted for incompetence rather than blundering ideology.