Have we been mis-sold a Brexit ? Should politicians be held to account ?
Watch this postAs the reality of the post-Brexit world begins to unwind are we beginning to develop a tad of buyers remorse ? Should silversurfers now press for a meaningful public enquiry to assess whether the Brexit was mis-sold ? Bankers were held to account for PPI mis-selling. Shouldn't we expect politicians to be subject to similar same rules of conduct ? Should they not also be held to account if guilty of misrepresentation or misleading statements that affect the national and public interest ?
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We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!
That may or may not tbe the case but let's consider the facts on an informed basis..
Stockmarkets in the short term at least, do not necessarily reflect the underlying health of the overall economy, they simply reflect sentiment and the forces of supply and demand. Stockmarkets often rise when unemployment is on the up one of the - contradictions of capitalism. But, the exchange rate and the state of the public finances are far better reflectors of real economic health. Sterling has fallen to a 33 year low in short order time and the Bank of England has now been forced to push interest rates to virtually zero and turn the printing pressed back on. That's the real economy in play and it is not indicative of a healthy economy or greater future prosperity. If money printing and a plunging exchange rate is the road to greater prosperity then we should have moved to Zimbabwe.
Your housebuilder's joy simply reflects that the goverment now looks set to be taking-up the heavy lifting by having to borrow to fund housebuilding. Building more houses must make sense, but it has nothing whatsover to do leaving the EU - no correlation there I am afraid so doesn't pass the simple facts test. It is equally difficult to see how a plunging exchange rate, rising cost inflation, and yet more QE is good news or how the media is exagerating anything. All this means less money for health and pensions - I am afraid that is simple a financial fact of life. And we now have today's report from the Institute of Fiscal Studies estimating that the Brexit will cost more than 300,000 UK jobs. Let me guess the resonse to that one ....more biased experts telling us all a lot of exagerrated rubbish ! Yes and pigs might fly as well.
Politicians mislead all the time - that what they pay the spin doctors for.