The Sunday Telegraph is often a good laugh, with news story, after news story about the downsides of Brexit and then editorials about how it is a glorious success.
Yesterday’s included the news that the Government is pulling the plug on building a rival to Galileo, despite having bought a bankrupt satellite company and spending tens of millions of pounds trying to re-invent the wheel. This may not even be news, several papers have been predicting this outcome for months but we still await an announcement.
As I have mentioned before, the UK resisted the building of Galileo as it thought the American GPS system was just fine, but having sunk £1.2 billion into building it, the EU version turned out to be very good, useful and a success story. The UK could have stayed in, if it had asked and paid some money and still could rejoin.
Instead it came up with the mad idea to spend another £5 billion building a British version. That now seems to have crumbled into dust, hardly surprising since throwing away £5 billion to build a rival to something you have already spent £1.2 billion building, is pure economic madness. It takes a government of quite spectacular incompetence to even think this was worth trying.
By the way that satellite company cost the taxpayer £400 million in cold hard cash. No laughing matter.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.
A government of quite spectacular corruption!