When even arch-Brexiteers warn of no-deal danger to the economy, you know it’s time to worry

Jacob Rees-Mogg

A cross-party House of Commons report, co-authored by arch-Brexiteers such as Jacob Rees-Mogg, warns of the dangers of a no-deal Brexit. The report was published in July, prior to Boris Johnson becoming prime minister, but has only recently been made public. And its conclusions are worrying, to say the least.

Tory MP and leader of the house Rees-Mogg, meanwhile, is not the only hypocrite in all this.

The comprehensive report and its co-authors

The reportThe consequences of “No Deal” for UK business – is published by the Exiting the European Union Committee. Its authors include arch-Brexiteers Rees-Mogg, Peter Bone, and Sammy Wilson.

The report is comprehensive in its scope and covers the sectors including services, automotive, food and farming, pharmaceutical and chemicals, and research and education.

“Severe disruption”

After examining the impact of a possible no-deal Brexit on each of these sectors, the report concludes:

A no deal exit would represent a sudden rupture for all of these sectors. A no deal, non-cooperative relationship cannot be the desired end state for UK-EU economic relations.

It adds:

Read on...

Some have argued that a no deal exit would bring the EU “back to the table” and that the UK would secure a better deal as a result. This is, at best, a gamble. At worst, it could lead to severe disruption of the economy, pose a fundamental risk to the competitiveness of key sectors of the UK economy, and put many jobs and livelihoods at risk.

Labour MP Hilary Benn (who chairs the committee that published the report) summed up the conclusions in a 15-point Twitter thread:

Another hypocrite?

In July, around the time of the report’s publication, Rees-Mogg was arguing the exact opposite to its conclusion, saying:

Philip Hammond’s negative view of no deal Brexit is pure silliness: it could boost our economy by £80 billion.

It seems Rees-Mogg, whose Somerset Capital Management has set up an investment fund in Ireland ahead of Britain’s exit from the EU, seems to say one thing to one audience (his peers) and another thing to another audience (tabloid readers).

More hypocrites

But Rees-Mogg and his fellow Brexiteers who co-authored the report are not the only hypocrites. There is also Dominic Cummings, who is listed as a witness to the report and is now a special adviser to UK prime minister Boris Johnson.

The Observer recently reported how a farm co-owned by Cummings has for over a decade received subsidies from the EU. A search by The Canary revealed a precise breakdown of these subsidies and what they were for:

But in June 2015, Cummings posted his criticisms of such support in his blog:

[The EU] is so bureaucratic and slow-moving that it cannot adapt quickly to challenges and is the opposite of the sort of agile institution necessary to cope with contemporary and imminent global challenges – for example, it is so slow moving that it remains stuck with agricultural subsidies dreamed up in the 1950s and 1960s that raise prices for the poor to subsidise rich farmers while damaging agriculture in Africa.

So given those criticisms, will Cummings now wish to pay that money back?

And will those Brexiteers who co-authored the highly critical conclusion of the cross-party report apologise to the public for leading the UK to possible, if not probable, disaster?

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
  • Show Comments
    1. A simple question to be posed to Mogg and other high profile ‘no deal’ Brexiteers is –

      Have you made full and open disclosure of effects anticipated on your personal and immediate family finances consequent upon ‘no deal’ Brexit?

    2. Moggy baby you need to get your offshore account in order before we leave E.U. without a deal your new boss Boris you voted in by the way Moggy baby.
      Your Boss as told us all we are leaving with or without a deal in Oct 2019 the problem Tory Govt have now what will unfold if a new G.E. is held in Sept 2019 and Tory party will or could be kicked out of power by us voters in all area of U.K/Wales/Scotland/Norther Ireland
      Truth here Time is running out for Tory Govt now Moggy baby.
      Boris your Tory prime Minister Not mine as I did not have a vote on his job his bribes are not working on us NON-Tory voter Moggy
      therefore, I politely say or ask you Moggy to get out now before the C**p hits the fan in H.O.C. after the Holidays are over, and your Tory Members get covered in it FULL STOP!

    Leave a Reply

    Join the conversation

    Please read our comment moderation policy here.