The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
JawKnee said:
Digga said:
That's a very cynical and pragmatic assessment.
I like it.
My concern is that, whatever the outcome, project fear will prevent people from making the best of any situation. The attitude of defeat could overwhelm any fighting spirit.
Reality sucks doesn't it? Is every piece of bad news going to be labelled "Project Fear"? Eventually it will have to become project fact and many people will need to take responsibility for their foolishness.I like it.
My concern is that, whatever the outcome, project fear will prevent people from making the best of any situation. The attitude of defeat could overwhelm any fighting spirit.
That was made more lucid and sensible tho a BIT hipsterish in places by the Nerdwriter recently
https://www.youtube.com/watch?v=exdR6lhN4bk
Before the referendum I said that we'd get whatever the Govt wanted 'wrapped-up' in the flavour of ribbon we voted - odds are it's the same content tho, because Govts don't just completely change their plans because 52% of the country said they should.
Digga said:
JawKnee said:
PMI is an index of purchasing managers intentions at over 1800 british businesses. It predicted the 2008 crash and the 2012 slowdown well in advance.
If you have a problem with their opinions, talk to these purchasing managers. This isn't some sort of conspiracy. Nobody is throwing a strop but many are finding excuses to divert the blame from themselves...
Sure, but everyone expected a decline in PMI, no matter what the result of the referendum. Clearly there was expected to be a more pronounced effect if we voted to leave.If you have a problem with their opinions, talk to these purchasing managers. This isn't some sort of conspiracy. Nobody is throwing a strop but many are finding excuses to divert the blame from themselves...
More significant IMHO is that PMI's been dropping steadily for some time. So blaming all of this on Brexit is disingenuous and dangerous because it deflects from scrutiny and action on other underlying issues.
fido said:
Wetting your pants is childish! Though if we do end up with a Norwegian deal then that will be a terrible blow to the May government - I would expect Labour will be the third party behind UKIP after such a result.
Why? The referendum vote was whether to leave the EU. We are going to leave the EU. The only thing the government has to do is the best for the country. I can't see May suffering. She is not the negotiator.Edited by fido on Friday 22 July 16:28
The UKIP has won. The UK has left the EU. If anything, it will be blamed for any downturn as much as the tories would. What policy could it stand for now? It can't suggest that it will save $350m per week and put it all in the NHS. And all of it to enlarging the forces. And all the residue will go towards the police, fire service and prisons.
What is happening now to the economy is irrelevant to any election in nearly four years time. It is what will happen nearer the time which will be critical. There is talk today that the government will change from the policy of balancing the books. It might even borrow money, probably though at a higher rate than it would have been able to a month ago.
Whatever the agreement, if the economy is doing well in three years then the tories will get the benefit. It might be a tough ask. It might be a gift. We don't know.
Derek Smith said:
Why? The referendum vote was whether to leave the EU. We are going to leave the EU. The only thing the government has to do is the best for the country. I can't see May suffering. She is not the negotiator.
The UKIP has won. The UK has left the EU. If anything, it will be blamed for any downturn as much as the tories would. What policy could it stand for now? It can't suggest that it will save $350m per week and put it all in the NHS. And all of it to enlarging the forces. And all the residue will go towards the police, fire service and prisons.
What is happening now to the economy is irrelevant to any election in nearly four years time. It is what will happen nearer the time which will be critical. There is talk today that the government will change from the policy of balancing the books. It might even borrow money, probably though at a higher rate than it would have been able to a month ago.
Whatever the agreement, if the economy is doing well in three years then the tories will get the benefit. It might be a tough ask. It might be a gift. We don't know.
It might borrow money? You mean exactly like they've been doing for the last 6 years?The UKIP has won. The UK has left the EU. If anything, it will be blamed for any downturn as much as the tories would. What policy could it stand for now? It can't suggest that it will save $350m per week and put it all in the NHS. And all of it to enlarging the forces. And all the residue will go towards the police, fire service and prisons.
What is happening now to the economy is irrelevant to any election in nearly four years time. It is what will happen nearer the time which will be critical. There is talk today that the government will change from the policy of balancing the books. It might even borrow money, probably though at a higher rate than it would have been able to a month ago.
Whatever the agreement, if the economy is doing well in three years then the tories will get the benefit. It might be a tough ask. It might be a gift. We don't know.
jjlynn27 said:
Marvelous new from The Express. And even better news from them today:
Derek Smith said:
s2art said:
Derek Smith said:
It might even borrow money, probably though at a higher rate than it would have been able to a month ago.
The opposite has happened. Borrowing costs are down on a month ago. 
fido said:
Agree with the general sentiments - but Project Fear-Mongers jumping on headlines using words like 'dramatic deterioration’ is sort of the same thing! If this short-term downturn is expected as you say - then the headlines would reflect such an expectation - and not make the Remainers wet their pants with excitement because they want to hump the EU and demand a second referendum.
You don't agree with the general sentiment at all, we will suffer a decline and then who knows what, it's a macro problem. Don't know why you think I suggested a short -term downturn, I didn't, but it's clearly what you (and all of us) hope for, but it's now gone beyond the point of blaming Remainers, so let it drop and move on if you can. Otherwise it smacks of panic on your part and by definition those of your ilk, which helps no-one. I've yet to witness the post exit euphoria many leavers expected, which may explain your posture and while I could be wrong (often am), I have a sneaky feeling that many of those people who carried the vote are oblivious to the result.
Edited by Blue62 on Friday 22 July 21:23
Blue62 said:
...I have a sneaky feeling that many of those people who carried the vote are oblivious to the result.
As an exit supporter (Non voting expat) I made the exact same point prior to the vote... That no matter how many of us tried to educate ourselves and take an informed position the vote would be decided by tens of millions of people with no fvcking clue what so ever. There were remainers who voted to save the nhs and there were leavers who voted because they abhor Brussels dictating the bendyness of their bananas. There were remainers who voted because they were told their mortgages would go up and there were leavers who voted cos swarthy immigrants. Its why the 2 campaigns were such a disgrace, trying to scare or appeal to the majority with little or no understanding or interest in the EU, economics, trade, finance or politics.Randy Winkman said:
jjlynn27 said:
Marvelous new from The Express. And even better news from them today:
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