Project Fear Was All Wromg It Seems.......

[ToraToraTora]

http://www.express.co.uk/news/uk/691589/Britain-BOOMS-EU-vote-economy-economic-news-Brexit

[fiction-factory]

There was a 'project fear' and it went much too far.
But maybe the positive news is because many know Brexit won't actually happen

[dannyk13]

///Brexit won't actually happen///
Crystal gazing FF?

[ichkeria]

...says the Daily Express
Some of those factors occurred pre-the referendum, but Brexit has not actually happened yet unless I have missed something :-)

[fiction-factory]

Okay, danny- I'll change that to "Many think they know Brexit will never happen in the form that Leave voters imagined when they voted Leave "

[dannyk13]

Then there are many who are probably wishful thinkers

[fiction-factory]

We'll have to wait and see- if we are still around if and when it happens

[dannyk13]

Didn't think you were a nonagenarian FF..

[jno]

I don't think anyone predicted disaster would befall the country in a month. Brexit hasn't even begun yet; all that's happened is a little rearranging of deckchairs.

[anotheoldgit]

jno

Seems like Germany has let it's migrants take over it's deck chairs.

http://www.express.co.uk/news/world/691638/Germany-migrant-crisis-immigration-economy-trillion-pounds

[retrocop]

Britain booms but no wonder Mrs Merkel was reluctant for us to leave. Her country now has to find an extra £2.2billion to pay into the EU budget due to her departure. Membership hurts the pocket of the taxpayers!!

[sp1814]

TTT

You realise that's a piece in the Daily Express, right?

[dannyk13]

And so?

[jim360]

Project Fear, if you like, was a medium-term prediction, and as a result won't be refuted for a while yet. In fact signs are mixed -- the depreciation of sterling on the markets, for example, is not exactly all positive and has persisted for a month now. Meanwhile most economic news is still for periods leading up to the referendum, not after it.

It's not all about the economy anyway. Already, there have been plenty of stories about UK-EU scientific collaborations being postponed or cancelled, of falls in EU student applications to our universities, etc.

Still, there are some good signs that in the short term the lower value of the pound, etc, will serve to attract some foreign investment (although it makes the inverse more expensive), and there was some good news about jobs recently eg Amazon announcing further investment. It's surely far too early to get out the party hats and so on. Brexit hasn't happened yet.

[youngmafbog]

Well the Guardian would never print that even if we ended up with the biggest economy in the World would it.

Of course Project Fear was wrong. Business will continue regardless of politics.

Seems countries, USA, Australia etc are lining up despite Lefty Obama poking his lazy nose in.

[ToraToraTora]

don't worry about Bazza YMB, he's out on his ear soon, Trumpageddon is comming!

[jno]

the USA is lining up? The USA was already Britain's main export market. What it needs is new ones. Currently it does less trade with China than with Belgium - and yet EU membership somehow hasn't stopped Germany becoming a major exporter to China.

[naomi24]

It was always nonsense.

[bazwillrun]

"Project Fear, if you like, was a medium-term prediction"

was it hell...it was non stop predictions of the doom and gloom for decades to come and us being outcasts on the global stage and being shunned etc etc etc

and just like always there will be falls and rises in all sorts of markets but the Bremainiacs will try and pin every dip and fall on the exit...

[jim360]

Well it certainly wasn't confined to short-term predictions, which in fact have largely come true arguably. The UK's politics has been massively shaken up, the value of the pound has fallen dramatically, and there have been some negative reactions in the markets too. Most of the stock markets have essentially recovered or even grown since, so hopefully we are over the worst of it, but we have some considerable way to go before dismissing Project Fear as "nonsense".

[andy-hughes]

Project Fear is an adjective that could reasonably have been applied to either side of the debate - since neither side could accurately predict the future, it was a case of doom-mongering on industrial levels.

At least we have been spared the concept of a 'punishment' Budget by George Osborne, as he darkly hinted during campaigning ... in fact, we are being spared George Osborne full stop - which is a result for everyone!