The horrific, drunken response from a potential Tory leader after he realised Brexit will crush ordinary families

Tories

Once a potential Conservative leader realised Brexit will hammer ordinary families, his response was telling:

Who the fuck cares…?

Following the EU referendum, the downfall of the pound has begun to squeeze ordinary people. Kate Malby, associate fellow of Conservative thinktank Bright Blue, recalled the anonymous pro-Brexit Conservative MP’s drunken comment. At a referendum results party last year, he reportedly said to a friend:

Sterling falling? Who the fuck cares if sterling’s falling? You’ll be all right; I’ll be all right. It’s a revolution!

Malby described him as a “young star occasionally tipped for the Tory leadership”. The next Conservative leader is likely to be a younger MP to skip the toxic generation of David Davis and Boris Johnson.

In short, it seems that the potential Conservative leader doesn’t care about the impact of Brexit because he and his friends are rich. Rich people can handle the economic hit, while some are actually making a fortune from Brexit.

But it isn’t looking good for the rest of us.

Read on...

Brexit (for ordinary people)

The devaluation of the pound looks set to hammer ordinary families. In fact, we are facing the biggest fall in our standard of living since WWII.

This is because of the relationship between stagnating wages and inflation. The Office for Budget Responsibility (OBR) projects Retail Price Index (RPI) inflation – the cost of goods and services we all buy – will rise to 4.1% in the final quarter of the 2017 financial year. So the cost of living will greatly increase. Meanwhile, a report from the Bank of England shows that nominal wage growth will actually fall in response to higher inflation, not increase. Coupled together, and we have a record-breaking fall in our standard of living.

Primarily, the downfall of the pound since the EU referendum is responsible for increasing inflation. A depreciating pound raises the price of imports. This will especially hit the UK, which gets more than half of its food and feed from abroad, for example. But who cares if you’re rich, right?

Brexit (for the richest)

Then there are the people making a killing. If you are part of Indian billionaire Lakshmi Mittal’s family, for example, the devaluation of the pound is improving your UK living standards. Mittal’s family live in London but make much of their profit [paywall] abroad through a global steel empire. So a cheaper pound means the family’s foreign income is worth a lot more within the UK. Mittal’s family has increased its wealth by over £6.1bn [paywall] in only the past year.

Basically, the Conservatives’ hard Brexit is brilliant (in pound terms) if you have shares abroad but live in Britain.

The “man who bought Brexit”, millionaire Arron Banks, also owns five diamond mines in South Africa. The Bristol-based UKIP donor may have benefited a lot from the vote to leave the EU. Perhaps the total £8.1m [paywall] he loaned and donated to the Leave campaign was some kind of investment.

The rich will be alright or better off, so “who the fuck cares?” That’s apparently the attitude of a potential Conservative leader. It just goes to show that the whole party is the problem, not just its PM.

Get Involved!

– Keep the pressure up. Keep discussing the key policy issues respectfully with family members, colleagues and neighbours. And keep organising! Join (and participate in the activities of) a union, an activist group, and/or a political party.

– Join The Canary, so we can keep holding the powerful to account.

Featured image via Wikimedia

We need your help to keep speaking the truth

Every story that you have come to us with; each injustice you have asked us to investigate; every campaign we have fought; each of your unheard voices we amplified; we do this for you. We are making a difference on your behalf.

Our fight is your fight. You’ve supported our collective struggle every time you gave us a like; and every time you shared our work across social media. Now we need you to support us with a monthly donation.

We have published nearly 2,000 articles and over 50 films in 2021. And we want to do this and more in 2022 but we don’t have enough money to go on at this pace. So, if you value our work and want us to continue then please join us and be part of The Canary family.

In return, you get:

* Advert free reading experience
* Quarterly group video call with the Editor-in-Chief
* Behind the scenes monthly e-newsletter
* 20% discount in our shop

Almost all of our spending goes to the people who make The Canary’s content. So your contribution directly supports our writers and enables us to continue to do what we do: speaking truth, powered by you. We have weathered many attempts to shut us down and silence our vital opposition to an increasingly fascist government and right-wing mainstream media.

With your help we can continue:

* Holding political and state power to account
* Advocating for the people the system marginalises
* Being a media outlet that upholds the highest standards
* Campaigning on the issues others won’t
* Putting your lives central to everything we do

We are a drop of truth in an ocean of deceit. But we can’t do this without your support. So please, can you help us continue the fight?

The Canary Support us

Comments are closed