Matthew Lynn

Brexit grifters are making a killing selling useless advice

Rather like the millennium bug scare, it is turning into an epic scam

issue 05 October 2019

Over the past three years, as we have torturously debated our departure from the European Union, we have heard a lot from the Brexiteers about the industries that might benefit from leaving the EU. Some of these predictions may materialise, others may not. There is one industry, however, that is already doing very well as a result of the referendum. Lots of consultants are making a shedload of money.

In the past few weeks, it has become clear just how much. Brexit ‘grifters’, to borrow a phrase from the classic 1990 movie, are roaming the country, occasionally helping companies cope with a significant yet hardly earth-shattering change in trading relations with our closest neighbours, but rather more often delivering over-hyped, hammed-up warnings of disaster to sell a service which is completely useless. Rather like the millennium bug scare at the turn of the century, Brexit consulting is turning into an epic scam.

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Written by
Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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