The IMF Wades in.

Run away! Run away!

Oh, sorry, wrong article…

Monsters are coming, monsters are coming!

No? Still, the wrong place?  Well, you could fool me.

The IMF has slashed the UK’s growth forecasts for this year, saying uncertainty created by the Brexit referendum in June is already hurting the domestic economy.

The Fund’s chief economist, Maurice Obstfeld, also warned Brexit would cause “severe regional and global damage” by disrupting trade.

So, this insignificant little jewel set in its silver sea, is so weak it cannot cope alone, yet if it leaves the corrupt club, it will cause panic and disaster worldwide. Which is it? It can’t be both.

The reality of Brexit is that as before we joined what was then the EEC, we will continue to trade worldwide and will negotiate terms with other countries. Doom and disaster will simply not happen. Nor will we get eaten by a Jaberwocky, although listening to the voices urging us to remain, you would think so.

They have become a parody of themselves. They lack any credibility and the scaremongering has become laughably pathetic.

It is a major intervention from the IMF into the referendum debate.

And it is unwelcome because, As with the US president and various EU hobgoblins, it’s none of their business. What part of this is a UK referendum for the UK electorate do these people not understand?

George Osborne said the report served as a serious warning against voting to leave the EU in the 23 June poll.

Yes, Georgie Boy, I have been warned.  And, having been warned will still vote for Brexit. Any risks that it may pose are worth taking for the greater good in the outcome – that being; getting the unelected and unaccountable EU out of running our country.

It’s also worth bearing in mind that these people are no more accurate in their predictions than a fairground gypsy is with her tarot cards and crystal ball and their pronouncements should be granted precisely the same level of gravitas.

9 Comments

  1. Lagarde’s speech came at a time where newsdesks around the UK reported the unmistakable metallic clang of 72 million English voters not giving the slightest f**k.

  2. I might be missing something, but I see no signs whatsoever that the Brexit debate is in any way hurting the UK economy which continues to be the fasted growing economy in the EU…

    Clearly I am an idiot
    (No comment necessary on that point please)

  3. Well it has to happen now doesn’t it?
    Hordes of shambling, disease ridden people crawling across Europe towards the Channel…
    “Zombie Invasion… Wait for it… Wait for it…”

  4. “It’s also worth bearing in mind that these people are no more accurate in their predictions than a fairground gypsy is with her tarot cards and crystal ball …”

    What? You mean Mystic Meg can’t really tell the future???

    • I think Mystic Meg is excepted. She is, after all, well established, and not only that, she’s an expert, so she must be right.

  5. Could have been worse, I suppose – could have been the W.H.O. sticking its oar in with warnings of outbreaks of leprosy country-wide if we vote ‘the wrong way.’ They can all take the ‘sex and travel’ option as far as I’m concerned.

  6. This is a quid pro quo for Ozzie campaigning hard for Lagarde to be head of the IMF. A favour returned by doomsday scenario scaremongering. It’s utter piffle of course, just like that rubbish in the government’s little patronising booklet. It repeats brazenly untrue statistics too.

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