The Greater London Authority this week released a gloomy impact assessment report on Brexit, produced at London Mayor Sadiq Khan’s request.
The report claims that a no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030.
The Leave Means Leave campaign group said in an email to supporters: “Project Fear’s expert cheerleaders such as the IMF, World Bank, OECD, and the CBI couldn’t even forecast with any degree of accuracy how UK GDP would perform for 1 year from the end of 2016 to the end of 2017 – they were mostly 50 per cent wrong! So what chance do these supposed experts, Cambridge Econometrics (who, by the way, are ardent supporters of Corbyn and unashamed Remainers) have of being accurate over 13 years to the end of 2030?”
Sadiq Khan’s gloom and doom report doesn’t reflect the facts – for example the 2017 Financial Times financial centres ranking placed London in their top spot. Not one single EU city even made it into the top 10. Two large recruitment firms dismissed fears of a Brexodus of workers from the City: Robert Walters recorded “record results” due to hiring in London during the final quarter of last year, while PageGroup rejects the notion that Paris or Frankfurt will pinch the best talent from London.
Furthermore, manufacturing output is at a ten year high, factory growth is at its highest level in seven years and during December 2017, spending growth hit an eight month high.
Despite all this good news, Remoaners are still determined to stop Brexit.
It looks like the intention from the outset of the study was to prove that Brexit is bad. The Mayor of London is wasting taxpayer funds to suit his own personal anti-Brexit political agenda. His role as Mayor is to promote London and he should be focusing on the many opportunities that Brexit will bring for London.
A second referendum must not happen: not because Brexiteers fear losing it, but because of the damage it would do to the UK’s global reputation and the loss of confidence in democracy amongst tens of millions of British voters.
Disclaimer: The content of this post reflects the views of the author, and not necessarily those of MBGA News.
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