January 11, 2019

UK: CBI warns thousands of jobs at risk over Brexit

Jack BuckbyRebel Contributor

The Confederation of British Industry warns today that a No Deal Brexit will have severe economic consequences. This isn’t the first time the CBI has warned us about Brexit, and it won’t be the first time they’re wrong. This notoriously anti-Brexit organization warns today that failure to back Theresa May’s deal will result in GDP shrinking by as much as 8 per cent (!!) and thousands of jobs being lost.

Mrs. May will no doubt be delighted to hear the news, however. The CBI is urging MPs to back her deal, suggesting it is a “solution” that businesses will be able to work with as it offers a transition period between the status quo and whatever new deal we agree with the EU after March 29th. Director general Carolyn Fairbairn, in a speech, today called on MPs to “safeguard the security and prosperity of our country” – and put jobs before politics when they vote on Tuesday.

Fairbairn has been very vocal about this already, so it remains to be seen just how much impact her new speech will have. Yesterday, Fairbairn wrote on Twitter:

“Business Secretary @GregClarkMP reflects the voice of business. 1000’s of firms in despair at prospect of no deal. Rising costs & border disruption will cost jobs for years to come. Business will work with PM’s deal. If politicians can’t, they must find a way to stop no deal.”

We have a lot to be sceptical about, here. The CBI hardly has a great history of accurately predicting the effects of Brexit. In fact, time and time again, the CBI has been proven to be an anti-Brexit mouthpiece that tries to influence policy direction in a way that favours the EU. In July, Jacob Rees-Mogg urged the government to simply ignore the CBI. He said that they have “got everything wrong in the whole of their history” – and that their “vested interests” were colouring the views of major firms in the UK.

Rees-Mogg isn’t exaggerating. The CBI really has gotten everything wrong on Brexit…and they’re funded by the EU. Vote Leave revealed in 2015 that the CBI received almost £1 million from the European Commission between 2009 and 2015. So excuse me if I brush off this new doomsday prediction as the nonsense it is.

Comments
You must be logged in to comment. Click here to log in.
commented 2019-01-12 00:35:51 -0500
Its been 2.5 years since Brexit, and nothing has moved them closer to being British again. It seems that the 650 MP’s are playing Ring-Around -the -Rosie with May in the center.
Who will win, the London Executives, The people that voted Brexit, or the mix of crooked and honest Politicians?
commented 2019-01-11 12:04:01 -0500
Big business propaganda by Remainers and NWO Marxist. Dirty tricks are all they have. No doubt enacted on orders from Theresa May who only has one chance to redeem herself. If you want to be popular PM May, then call an election for April the fourth 2019, shutting down the Government for March, allowing the 29 of March to pass by, so releasing the UK from the EU. Let everyone know that You and the People, really are British.

How many people died fighting for Britain during two World Wars. Now you want to give the bastard away! LOOK IN THE MIRROR THERESA, tell us what You see……Bet it ain’t the Tomb of the Unknown Soldier.
<-- /_page_stream.html -->