Yes I do have it in for Daniel Hannan MEP, this is my third anti Hannan post, but I really think he is the modern day Lord Haw-Haw of the UK Eurosceptic movement and like this traitor utterly despicable. You can read the other blogs here and here.
Daniel’s latest rant was published in some dodgy right wing capitalist web site called CAPX. Here Dan Hannan tries to amuse his kipper and eurosceptic Tory friends by constructing an imaginary parallel universe, where Britain had in fact joined the Euro instead of opting out as they did at Maastricht.
Incredibly for someone who says he admires and believes in Britain, he then pictures Britain to be languishing somewhere alongside Greece and Portugal at the bottom of about any economic league table you could construct. You can almost see the disingenuous smirk on his face as he amuses his audience by saying….
“I think we can trace the narrative well enough. The United Kingdom would have experienced the same credit bubble that the other peripheral economies – Ireland, Spain, Portugal and Greece – did. It would, consequently, have suffered the same crash. Only, in the British case, the consequences would have been utterly catastrophic”
Of course before going for the next below the belt blow, he has to disseminate the usual amount of lies and half truths
“Britain will have an interest in the wealth and security of its European allies, who are also its suppliers and customers. They are less important, its true, month by month, as Britain’s trade with the EU dwindles; but they still account for a hefty 44 per cent of our overseas commerce.”
It is the word “dwindles”, I would like to pick Hannan up on. In the definition of the word as I understand it, but looked up to be sure, dwindle is defined as:
‘To become gradually less until little remains”
Now please join me in looking at two of the latest available ONS statistics about the UK’s trade in Europe over the last 3-4 years:
If we look at the graph on the left, which covers the last four available years month by month, does anyone else [besides Hannan] see a distinct downward trend in our trade with Europe? Now if you look at the graph on the right, we see that exports to the rest of the world (non-EU exports) are indeed outperforming similar EU exports. [Note and all that despite UK being in the EU!]. But if you look careful, you’ll see exports to the EU in 2009 start above the 100 index and while rising to 115 before coming down again to about the 2009 level, they are still well above the 100 start index; so have in fact grown, not ‘dwindled’ as premier #brexit demagog Dan Hannan would have us all believe. Yes the man is either incredibly stupid when it comes to statistics or he is an outright liar. You may make up your mind.
But taking this ridiculous analogy of the EURO making such a hash of our parallel universe’s UK economy a bit further, the flip side of this story has to be that [as in reality Britain never joined this most cursed of currencies] any well or at least open minded kipper would expect the UK to find itself at the top of the EU growth league. In other words somewhere alongside it’s Northern European neighbours The Netherlands and economic power house Germany. After all, we have overtaken France and are are overtaking Germany soon, aren’t we #ukip? Furthermore we’re running this growth race without this cursed Euro currency shackled to our booming economy. We had our treasured pound sterling favouring our chances, didn’t we Daniel?
“But Hang on a minute”, I hear you kippers say: Eurozone members Spain, Germany, Poland and those pesky little ones top right on the EU map, they all performed better than the us in the UK? Are we being lied to all the time? Can it be true that the UK growth figure of 0.5% puts us only a measly one tenth of a percent above the dreadful EUSSR average and that is with all these supposed advantages of keeping our sacred pound?
Please explore that anomaly dear Charles and other kipper friends. As always looking forward to your jaded comments.