Jeremy Corbyn's Momentum group repackages betrayal as a nationwide campaign to 'Take Back Control' of Brexit and push it through despite only 37 per cent of the electorate voting Leave.
Around 70 per cent of Labour voters chose Remain in the EU referendum but Remainers are unrepresented by the main parties. Instead of robustly challenging the Brexit narrative and the referendum result which was always advisory only, Labour plans to help the Conservatives slip it through with a few tweaks if we're lucky.
Far from saving £350 million per week to give to the NHS, the politically neutral Office for Budget Responsibility (OBR) estimates that Brexit will cost an EXTRA £250 million per week or a weekly total of £600 million, and forecasts a £220 billion increase in national debt by end of parliament to a shocking £1.945 trillion. If this happens, you can forget state pensions, saving the NHS or having anything like a stable economy.
If it hadn't been for Bank of England chief Mark Carney pumping another £60 billion pounds into the economy by buying up gilts (government debt) after the EU vote, extending the existing quantitative easing (QE) programme to £435bn and keeping the stock markets artificially inflated, it would have been even worse.
How many of us knew that we were voting to make ourselves poorer?
Philip Hammond's Autumn Statement on Wednesday confirmed that there's already a £100bn hole in the treasury, £58bn of which is a direct result of the Brexit vote.
So the worst off who suffered most under Bullingdon brat George Osborne's "austerity" measures when he should have been spending to stimulate the economy at rock bottom interest rates have even more to lose in the years ahead. Will the richest who tripled their wealth during the same period take their turn to recapitalise the banks? I wouldn't bet on that.
EU immigrants may be a net gain to the public purse but they are anathemised with barely a whisper from Labour. If their numbers fall, public finances will take an even bigger hit. Theresa May knows this. Jeremy Corbyn et al know this. The economy is reeling, the pound plummeting way below the level necessary to be advantageous to our exports. Britain's population is getting older and needs immigrants to do the work but Labour still panders to the right's obsession.
In response to a catastrophic future, Corbyn's Momentum leaders squeal breathlessly about a series of events (modelled on Corbyn clique kingmaker John Rees's SWP-era Marxism summer schools) whose objective appears to be to bamboozle their audiences that Brexit is an inevitability and the result of an "overwhelming majority". Only a quarter of the population voted for this permanent wrench and yet only the terms of Brexit are to be debated, not the legitimacy of it happening at all.
Momentum's Emma Rees gushed:
“After the success of The World Transformed in Liverpool, ‘Take Back Control’ is a series of exciting events that will bring together leave and remain voters to debate the terms of Brexit, the future of Britain and give a platform to voices too often left out of political conversations.”
Momentum's "exciting" sounds more like the ancient Chinese curse, "May you live in interesting times".
It's like asking how you would like the poo in your dinner. Hard or soft? The answer, "I'd rather not have any, thank you," is not up for grabs at all.
LATEST: GUARDIAN: State pension under threat as pension age may be about to rise again, says former minister. Not what most people would describe as "exciting" prospects.
INDEPENDENT: John McDonnell: Labour will not block hard Brexit – but will rely on 'moral pressure.'
INTERNATIONAL BUSINESS TIMES: Hard Brexit could lead to '25 years of economic pain' for UK.
SUNDAY TIMES: Why Brexit means a bigger debt burden for Britain
Andrew Coates thinks the Momentum membership might not have been consulted.