, 6 tweets, 2 min read Read on Twitter
1/ I just heard on the radio some prep work for a big lie. "Pharma companies will divert drugs out of UK warehouses to sell overseas after Brexit, to make more profit"

This is a viciously dishonest piece of Tory brexit propaganda and demonstrably false:
A. Why would overseas suddenly want to start buying extra drugs taken from UK warehouses? Surely they have enough drugs in their own warehouses already? Why is Brexit going to make them need extra drugs?

B. Border gridlock will hit outgoing trucks just as hard as incoming.
C. When the £ drops after Brexit, the drugs companies will just put the price up in the UK.

D. If they are tied into fixed price contracts they will just take the hit. This is because it costs little to manufacture drugs compared to the r&d and licencing costs.
But R&D and licencing are costs that have already occured: sunk costs. A company will go on selling a drug at £10 even if that effectively means a price drop of $4 - as long as the day to day maufacturing cost is less than the sales value.
In summary, the line being peddled - "Drugs firms stripping UK warehouses to send abroad for profit" makes NO business sense whatsoever.

Q.So why are they pushing it?
A. Because HMG expect drugs shortages - deaths too - and they are preparing a patsy.
This is such a deeply cynical move by HMG, I don't know what to say.

But drugs company PR agencies need to get out in front of this story and kill it off before their clients take a starring role in the brexiters' upcoming Dolchstoßlegenden.
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