The BBC are still fighting the Referendum

We have heard little from the Broadcast media about the actual figures for trade with the EU over the past four years. This month there was a slight downturn in the trade balance so the BBC was trumpeting this on its news broadcasts.

The actual balance of trade with the EU over the past year has been very healthy compared with past years:

Source ONS

Did we hear the BBC or economics journalists reporting on the greatly improved situation? No, they waited for a month in which the EU embargoed imports because of COVID to tell us that the trading position was "bad". This is intolerable bias from the broadcasters, especially the BBC and Channel 4.

In the early 21st century economists were all ardent supporters of open global markets. They told us that Trade Deficits did not matter in 2016. Perhaps these old economists have moved with the times - click on: this article for why current account deficits are bad. If they have moved with the times they should explain that the EU really was terrible for the UK economy in 2016 because most of our trade deficit was with the EU. Trade deficits cannot be both terrible and the dreadful result of Brexit in 2021 and yet of no significance and even healthy in 2016.

The BBC and economics journalists have also failed to notice that the pound is now at almost the same level as before the Referendum. The "huge collapse of the pound after the Referendum" was always fake news and the failure of the economics profession to correct the lies of 2016 is scurrilous.

Click on image to view detail.

And this did not happen in January:

Project Fear did not happen

but every broadcaster was full of it from 2016 onwards. The fake news was about fake queues. No apologies are being given.

The pound is up to pre-Referendum levels. Giant queues did not happen. There is plenty of scope to report that those who feared these things and voted Remain do not need to worry. But instead we get a focus on shellfish and a Trade Deficit that was of no concern in 2016.

If the BBC continues to fight the Referendum by suppressing news something must be done about the BBC.

The broadcast media are also deafeningly silent about the fact that if the UK were to rejoin the EU it would need to accept the Copenhagen Criteria of supporting monetary and political union with the EU.

12/03/2021

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