In limbo! Bitter Remainer claims Frost’s Brexit dividend has disappeared

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Andrew Adonis, a Labour peer and arch Remoaner, tweeted the claim this morning. However, Twitter users were quick to point out reports of Brexit Britain triumphs, including a boom to the fishing industry in Brixham and record sales by UK-based Bentley motor company.

Lord Adonis said: “I’m told the Brexit Opportunities Unit set up by Lord Frost is in limbo.

“It spent 6 months trying to locate the ‘Brexit dividend’ but hasn’t found it although it searched every corner of the Treasury and Number 10.”

Other users drew attention to recent reports saying that investment in UK fintech firms surged after Brexit.

New research suggested that investors were looking to capitalise on new regulations in the sector.

According to City AM, total investment into the industry in the UK jumped over 217 percent in 2021, to $11.6billion (£8.6billion), putting the UK second in the world behind the US.

The UK’s fintech sector outpaced the rest of the Europe. Overall, $24.3billion (£18.0billion) was invested across Europe, with the UK attracting nearly half of that.

Others also pointed to recent news that Bentley Motors, the luxury car manufacture based in Crewe, recorded its highest sales ever.

In 2021, it deliver 14,659 cars – 31 percent higher than in 2020.

According to the Times, the boom was driven by wealth buyers in the Asian market, with the company reporting a 40 percent rise in sales to China and 37 percent rise to the wider Asia Pacific region.

Meanwhile, sales to the Americas – which account for 30 percent of deliveries – rose from 3,000 to more than 4,200, the Times said.

Responding to Lord Adonis, @dannylepelley said: “The Brexit benefit being touted is the boom to the Brixham fishing industry.

“In 2017 there was a record catch of £40 million.

The elderly must not be sacrificed as we rebuild [COMMENT]
German economy in free-fall – one in seven firms facing RUIN [ANALYSIS]
Chilling anti-vaxxer ‘army’ vows to wage ‘war’ and target schools [REPORT]

“In 2021 there was an even bigger catch of £43 million.

“So there it is, the benefits of Brexit so far.”

Last week, it was reported that Brixham Fish Market had posted the highest sales in its history for 2021, selling over £43.6million worth of fish.

And yet this port has just clocked up the highest sales in its history. For, in 2021, Brixham sold £43.6 million of fish.

Barry Young, Brixham Trawler Agents managing director, told DevonLive: “We have shown there is a positive story to tell.”

He added: “We are expecting 2022 to be an even bigger year.”

Meanwhile, @TimBerry117 wrote: “Without Brexit the UK would not have had the benefit of the vaccine program being world leading.

“Brexit will be proven to be to the UK advantage.

“Politicians need to be positive about it, support it and make it a success. That is what the public want.

And @LUKEMIDDUP said: “Self-government isn’t an opportunity?”

According to the Government, the Brexit Opportunities Unit was established by then-Brexit Secretary David Frost to “play a crucial role in setting the strategy for the Government’s ambitious approach to regulation, reviewing and reforming existing policy and regulation, and supporting the scrutiny and introduction of new regulation.”

Source: Read Full Article