News you do not hear on the media

“Pound rallies strongly by 7% against the dollar as investors see positives in Brexit.” (Pound up to $1.30 from low of $1.20)

“UK economy grows 2% in year to end March 2017 as Brexit gives consumers a boost”

“Jobs bonanza in post referendum UK. UK reaches record levels of employment in the summer of 2017 after the vote”

“UK companies think main problem with Brexit is they may not be able to attract enough low cost labour from the continent to fuel their continuing expansion plans in UK”

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41 Comments

  1. agricola
    Posted July 19, 2017 at 3:25 pm | Permalink

    Mobilise that portion of the 1.6 Million unemployed that can work into work with the option of no more state support. If Poles and Romanians can travel a thousand miles to get work, then our unemployed can travel a couple of hundred.

    Keep with the positive statistics , it is very encouraging.

    • Vasco
      Posted July 20, 2017 at 8:39 am | Permalink

      Don’t forget the relative currency factors that influence them?

    • Hope
      Posted July 20, 2017 at 7:35 pm | Permalink

      Another piece of news is that the taxpayer subsidizes MPs bars and restaurant to the sum of £2.7 million! What are you lot thinking when trying to defend pay caps and austerity? £77,000 for a part time unqualified job. Please explain what you have done to address this Mr Redwood.

  2. Peter Davies
    Posted July 19, 2017 at 3:37 pm | Permalink

    Bayou forgot “inflation is lower than forecast”

  3. MPC
    Posted July 19, 2017 at 3:53 pm | Permalink

    An interesting contrast to a headline in last week’s Evening Standard ‘Brexit causes higher rail fares’!! The convoluted logic was: – lower £ since the referendum vote – higher inflation resulted – caused train operating companies to propose higher than otherwise forthcoming inflation based fare increases.

    When are the 3m job losses predicted by the Standard’s Editor, when he was in his previous post, going to kick in?

  4. Sir Joe Soap
    Posted July 19, 2017 at 4:37 pm | Permalink

    “Gary Lineker, well paid by the EU-sponsored BBC, also said of the timetable for the democratic decision made on June 23rd to leave the EU “ most of the people who voted for it will be dead by then.”” Money not necessarily just paid for lyricism on Match of the Day then.

    • Richard1
      Posted July 19, 2017 at 9:59 pm | Permalink

      I find Gary Lineker’s level of remuneration particularly unacceptable given he uses the profile of his public sector platform as a platform for his political views. Surely another ex sportsperson can be found to do his job eg for £500k. What about Will Carling, a more successful England captain in a more worthwhile sport?

      I don’t object to many of the other BBC pay deals – except Chris Evans who should also be in the commercial sector for that kind of money. Most of the good journalists such as Laura Kuenessberg, John Humphrys & Nick Robinson seem to me to be paid reasonably for what they do.

      • David Price
        Posted July 20, 2017 at 8:02 am | Permalink

        By what measure are those salaries fair? The BBC is a PBS not a commercial broadcaster and it should not be trying to compete with the latter.

        The issue is not gender equality though that was the flag under which the BBC was forced to disclose the information. The issue is the level of declared remuneration, which also conveniently ignores the undeclared goodies via private company routes.

        These people are funded by an enforced tax and are public sector employees so should be on applicable pay grades.

      • Qubus
        Posted July 20, 2017 at 4:24 pm | Permalink

        The man has made more money advertising crisps than he has playing football.

      • rose
        Posted July 20, 2017 at 8:13 pm | Permalink

        The two men you mention, particularly JH, make continual gaffes and clearly don’t do their homework. I find them embarrassing at times, endearing at others – as they do have their good points too.

        The woman you mention rarely has anything of interest to say. One just has to get thrpough her contributions.

        None of them are worth more than the PM.

        One of the main reasons for not overpaying these sorts of people is that it makes them feel guilty and they then demand higher pay for everyone else – except the wealth creators for some reason.

  5. ian
    Posted July 19, 2017 at 4:37 pm | Permalink

    People are more interested in whats happening to student loans, and things like that, than currencies and business, with other things they do not understand. In other words what are you going to do for them.

    • libertarian
      Posted July 20, 2017 at 6:36 pm | Permalink

      ian

      If you are interested in student loans you could start off by finding out what a student loan actually is. Because its very definitely not a loan, debt or any other normal type of financial product. In reality it should be called a graduate tax . Most will never repay it.

      • a-tracy
        Posted July 21, 2017 at 3:55 pm | Permalink

        I’d like to see a regular ten-year report following the introduction of the fees
        from 1998 when the fee introduced by the Labour party of £1000 was introduced. In 2018:
        how many (and what %) have been paid off from the 1998-2001 period,
        how many students (%) paid up front to avoid the loan (graduate tax),
        how many students (%) haven’t paid anything back
        how many students (%) have paid less than 20% back.
        of those how many were EU students?

        I’d expect a high % of these first charged students to have paid off their loans in full now after 20 years.

        Then from 2008 £3225pa same figures

        £3500 tuition fee

  6. Hurrah!
    Posted July 19, 2017 at 4:39 pm | Permalink

    “News you do not hear on the media”
    Millions of EU migrants do not wish to go home to their Motherlands in the European Union. They say they wish to stay here. The prefer OUR Country.

  7. oldtimer
    Posted July 19, 2017 at 4:50 pm | Permalink

    Of course not. It does not fit the Remainiac narrative.

  8. jonP
    Posted July 19, 2017 at 5:09 pm | Permalink

    More like the dollar is down against other world currencies for american domestic reasons that has nothing to do with us- everything is relative so we should be concerned more with UK rising debt and falling tax revenue. I also read that the national audit office predicts a very bad economic situation if we leave the EU without a customs union type agreement in place- so there are different ways at looking at this

    Next- figures from another source show that uk is currently at the bottom of the 28 nation EU growth league, performing worse even than some southern mediteranean countries.

    UK consumers are already feeling the pinch of rising costs in the shops and as everything in the domestic market is relative and can be measured against other figures i don’t think that a spike in the value of the pound is going to matter very much in the short term.

    The Germans have already warned that there will be no special treatment for the British if we leave the union without an agreement in place- WTO rules will apply- and in that case we’ll be back again to the 1950’s- worse even than before because back then we had the empire.

    Taking any excuse to talk things up for the readers is just having another go at spin- like sleight of hand it’s delusional and in the end will count for little- the important thing is how things go at the talks between now and October- this will tell all.

    • libertarian
      Posted July 20, 2017 at 6:38 pm | Permalink

      jonP

      You are deluded, we are performing worse than southern europe…… ha ha ha

      Remind me of the unemployment figures will you

  9. Mark B
    Posted July 19, 2017 at 5:15 pm | Permalink

    Good evening.

    Lost cost labour is being replaced by machines and changes in the way people purchase their goods and services. This in part is being driven by the governments minimum wage which makes such persons too expensive.

    The road to hell is paved with good intentions.

  10. Lifelogic
    Posted July 19, 2017 at 5:31 pm | Permalink

    More likely to hear things like: despite Brexit England manage to beat Germany three nil or flash floods in Cornwall will be made far worse after a hard Brexit.

  11. RDM
    Posted July 19, 2017 at 5:44 pm | Permalink

    Good news indeed, John.

    They have confidence in the future prospects of good Blighty!

    As you might know; I do hope it is long term Investment in, and rebalancing of, our Economy. So, in the long term we get real wage growth, and higher skilled (paid) jobs for everyone, including the Regions.

    Best regards,

    RDM.

  12. zorro
    Posted July 19, 2017 at 6:28 pm | Permalink

    I shall translate into BBC mode reporting their actualite….

    “Pound rallies strongly by 7% against the dollar despite Brexit”

    “UK economy grows 2% in year to end March 2017 despite Brexitas”

    “Jobs bonanza in post referendum UK. UK reaches record levels of employment in the summer of 2017 despite Brexit”

    “UK companies think main problem with Brexit is they may not be able to attract enough low cost labour from the continent to fuel their continuing expansion plans in UK”

    You see that they leave the last statement unaltered because they will argue that if we stay in the EU we won’t have that problem…. Welcome to Minitrue John Redwood, you need to spend some time in Miniluv, the place where there is no darkness, to readjust…..

    zorro

    • Narrow shoulders
      Posted July 20, 2017 at 11:52 am | Permalink

      True BBC speak would be:

      Markets fear Trump more than Brexit as pound rallies slightly against the dollar

  13. mickc
    Posted July 19, 2017 at 7:18 pm | Permalink

    Most “news” from the MSM is “fake news”.

    Truth and reality are available elsewhere on the net; the days when what the BBC, Times, etc say was taken as gospel are long gone.

  14. Nig l
    Posted July 19, 2017 at 7:32 pm | Permalink

    You do not hear it from Tony Blair either. His interview at the weekend was a classic example of his dissembling. How thick is his skin?

  15. Nothing like an old
    Posted July 19, 2017 at 7:54 pm | Permalink

    It was touching to hear the Deputy Leader of Keir Hardy’s Labour Party, Tom Watson, standing up on TV in support of Fiona Bruce with nasty accusations to the fatness of her salary and her lack of equality with her male peers. Personally, I still think he doesn’t stand a chance.

  16. Christine
    Posted July 19, 2017 at 7:58 pm | Permalink

    Low cost labour is often subsidised by the tax payer with Tax Credits, Housing Benefit and other benefits. It is not always a benefit to the country. A lack of low paid workers is not always a disadvantage and can lead to great innovation. Look back to the Great Plague. When there were less workers and wages rose it encouraged people to invent better ways of doing things. The resulting wealth across the population allowed for new opportunities for many workers who would have been just Serfs previously. We need to look at using robots to do menial jobs. Just continuing to import people cannot be the long term answer. It just means the majority of the population gets poorer as we water down the wealth of the country. We need high skilled not low skilled jobs.

  17. Richard1
    Posted July 19, 2017 at 10:03 pm | Permalink

    Mrs May is making a decent showing in the Commons these days based on the excerpts I hear. A pity this didn’t get a run during the election. Corbyn is absolutely no match for her at all. We really do need from the Conservative Party in Parliament the following: robust defence of the achievements of the Conservatives in office since 2010 (not perfect but much better than Labour); a positive and upbeat vision for Brexit (both of these were entirely lacking in the election); an end to leadership positioning. The next culprit should be fired – none of the current contenders are indispensable.

  18. Peter
    Posted July 19, 2017 at 10:31 pm | Permalink

    The media is promoting a specific viewpoint. I think we all realise this. You are preaching to the converted.

    Sadly there are few figures really driving an alternative viewpoint and – equally important – getting much attention.

    • McBryde
      Posted July 20, 2017 at 8:34 am | Permalink

      Yes, it’s quite frustrating to know that the truth is being distorted, and believed by the majority, in a nation who’s people uphold and honour democracy.

      I find a high level of practical intelligence in the posts on this site.
      But we seem to be crowded in a little boat floating away from the fleet.

      How can our voices be heard above all the noise? How?

      • Strong
        Posted July 28, 2017 at 5:07 pm | Permalink

        By confidence in our own ability and lack of fear.

  19. Lindsay McDougall
    Posted July 20, 2017 at 12:43 am | Permalink

    I wonder if there is any chance of persuading the EU that the creation of a Customs Union does not necessarily help with nation building. Perhaps not immediately, but if the UK is successful after Brexit, individual EU Member States may think along these lines.

  20. Iain Gill
    Posted July 20, 2017 at 4:24 am | Permalink

    Lord prior promising continued open doors immigration after brexit I see, don’t the political class ever learn?

    • Turboterrier.
      Posted July 20, 2017 at 6:33 am | Permalink

      Sorry left off the D in drain

      its my age!!!

  21. Anonymous
    Posted July 20, 2017 at 4:28 am | Permalink

    UK companies inadvertantly feed the Labour vote. Britain may have seen its last Conservative majority, because of lack of housing. They know that UK wealth depends on continued overcrowding but seemingly not that this creates a socialist votership.

  22. Narrow Shoulders
    Posted July 20, 2017 at 7:12 am | Permalink

    The irony of a deleted comment about increased immigrant births (and unfettered immigration in general) putting pressure on school funding within a blog about news not heard in the mainstream is delicious Mr Redwood.

  23. Mockbeggar
    Posted July 20, 2017 at 9:22 am | Permalink

    I heard Sarah Montagu on the Today programme this morning interviewing Liam Fox in which she uttered the immortal line “…the prosperity of the UK depends on the EU…”. Fox, sadly, didn’t contradict this.

    The prosperity of the UK depends on the wealth generating activities of its own citizens, NOT on the generosity of the remaining EU countries with which less than than 20% (or is it 8%? – I forget) of our business is conducted.

    I do remember, however, that we are the second largest contributors to the EU budget of which we get about half back. It might be said, therefore, that the prosperity of the EU depends on the UK.

    • Simon Coleman
      Posted July 22, 2017 at 7:10 pm | Permalink

      Yes, depends on the generating activities of its citizens WITHIN the biggest free trade area we’re ever going to be a member of. Fox didn’t contradict it…perhaps that’s what you really need to ponder.

  24. bigneil
    Posted July 20, 2017 at 9:52 am | Permalink

    A day late sending.
    Wednesday afternoon I went to my local supermarket for a few things and noticed a gentleman working there. He seemed much older than the rest and I was rude enough to ask if he was over pension age – he was. A bit of conversation followed where it became clear he HAD to work, not because he wanted to.
    My point is that he HAD to work – yet at the same time, God knows how many foreigners will be arriving, hands out, for their lives on the tax payer. no intention of EVER working, extra long medical appointments ( in the FREE-to them NHS ) to cope with taxpayer funded translators, while we struggle to get appointments, benefits for no contribution, schooling with classroom assistants to help the new arrivals while our kids get ignored etc etc.
    They get this for arriving – -the old chap in the supermarket HAS to carry on working –

    Is anyone in the govt ashamed?

  25. Simon Coleman
    Posted July 22, 2017 at 7:06 pm | Permalink

    Oh really! This is schoolboy stuff.
    Many people just haven’t a clue what Brexit will mean for them, so they simply carry on spending. Nothing to do with confidence in Brexit.

  26. Pragmatist
    Posted July 22, 2017 at 8:20 pm | Permalink

    Syria

  27. Touché
    Posted July 22, 2017 at 11:37 pm | Permalink

    That the gender balance on the BBC was 50-50 when the still resident journalists were first employed.

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, He graduated from Magdalen College Oxford, has a DPhil and is a fellow of All Souls College. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.

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