Brexit related recession?
Discussion
sidicks said:
zygalski said:
sidicks said:
zygalski said:
So answer me this.
If the economy was so fragile when Labour left office, and was in such a terrible state as you say, how did it recover so quickly a few years later? Surely the lag from Labour would have meant a long-standing recession & poor performance from the years following 2008?
Perhaps Labour left the economy in a rather better state that those like you wish to make others believe, or perhaps, as I say, you use the economic lag argument only when it serves your needs....
Yes, you said that, but it isn't true the first time you said it, and neither is it true now.If the economy was so fragile when Labour left office, and was in such a terrible state as you say, how did it recover so quickly a few years later? Surely the lag from Labour would have meant a long-standing recession & poor performance from the years following 2008?
Perhaps Labour left the economy in a rather better state that those like you wish to make others believe, or perhaps, as I say, you use the economic lag argument only when it serves your needs....
How much was the structural deficit in 2009-2010?
You obviously don't understand the things that had to be implemented to support the economy at the time - low interest rates, QE, in addition to the economic boost of £150bn deficit spending (which explains the large amount of recent borrowing under the Coalition / Tory governments, for which they had no choice).
Suggest you stop now before you make yourself look even more stupid!
Edited by sidicks on Sunday 23 April 10:26
If the economy was left in a shambles when Labour left office, how come the economy had +ve economic growth between 2010 & 2012? Where was the lag from all those terrible Labour years & the mess they apparently left in 2010?
I suggest the economy was in better shape when Labour left office than the likes of you suggested.
You're still trying to claim that the £150bn borrowing incurred by the Coalition as a result of the structural deficit is NOT due to Labour? As I said previously, stop making yourself look stupid!
t if you think the major western economies didn't suffer as a result of the 2007/2008 downturn. Britain seems to have faired reasonably well since. I think largely because of the way Labour managed the economy from 1997-2010.
I suppose you blame Brown & Blair for the global downturn
Edited by zygalski on Sunday 23 April 11:23
zygalski said:
You're looking thick as pigst if you think the major western economies didn't suffer as a result of the 2007/2008 downturn.
However, I've said no such thing, you're not very good at this, are you?!t if you think the major western economies didn't suffer as a result of the 2007/2008 downturn.zygalski said:
Britain seems to have faired reasonably well since. I think largely because of the way Labour managed the economy from 1997-2010.
Quoted for posterity - absolutely priceless. You make that claim and then call me 'as thick as pigst'zygalski said:
I suppose you blame Brown & Blair for the global downturn
No, just for the £150bn structural deficit, which you apparently don't understand. Nor the implications thereof,No worries, I'll leave you to your ignorance!
Edited by sidicks on Sunday 23 April 11:31
sidicks said:
zygalski said:
You're looking thick as pigst if you think the major western economies didn't suffer as a result of the 2007/2008 downturn.
However, I've said no such thing, you're not very good at this, are you?!t if you think the major western economies didn't suffer as a result of the 2007/2008 downturn.zygalski said:
Britain seems to have faired reasonably well since. I think largely because of the way Labour managed the economy from 1997-2010.
Quoted for posterity - absolutely priceless. You make that claim and then call me 'as thick as pigst'zygalski said:
I suppose you blame Brown & Blair for the global downturn
No, just for the £150bn structural deficit, which you apparently don't understand. Nor the implications thereof,No worries, I'll leave you to your ignorance!
Edited by sidicks on Sunday 23 April 11:31
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
zygalski said:
Slippery one, aren't you? Let's see if you're capable of answering a simple question.
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
You could have put your answer to your own question in there, otherwise, its a bit of a trap - whatever he says you will pounce.Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
Has it done well? It has done exceptionally well compared to our direct trading neighbours, who happen to be in the EU, the place we are looking to leave.
zygalski said:
Slippery one, aren't you? Let's see if you're capable of answering a simple question.
I guess we should also see if you're capable of understanding a basic answer. That might be the key difficulty here, as you've struggled so far and seem determined to claim I've said something when I most certainly have not.By the way what was the structural deficit inherited by the Coalition?
What do you think this suggests about the 'health' of the economy at that time?
zygalski said:
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
GDP fell 25% between 2008 and 2010, it then rose slowly thereafter, but is still to recover beyond the 2007 level.It's almost as if economies have some form of cycle whether there are periods of growth and periods of recession etc.
Of course if that really was the case, a competent government wouldn't be massively increasing borrowing during a growth period, or else the country would be extremely poorly positioned when the next economic downturn came - for example if they were running a massive structural deficit...
In that scenario the incoming government would be forced to take unprecedented actions (interest rates, QE, deficit spending) to try and generate some modest growth.
But we know that you don't understand the relationship between a structural deficit, the economy and borrowing, so no idea why we'd expect you to understand the impacts of these other complex monetary and fiscal policies!
But, but, but, under labour during the growth time we were given working tax credits. These are not like benfits, they don't make people into benefits addicts and they certainly don't help companies to force wages down at the cost of the tax payer subsidising them. Also under Labour we didn't sell off assets at a loss by announcing a mass sale directly ahead of selling off said assets nor did we see an invasive introduction of poorly managed private investment initiatives in local schooling and health. Also under labour we saw very little in the way of two illegal wars or the abandonment of the military covenant nor did we see the UK sign away its rights under an EU treaty that was renamed to avoid the question of a referendum, nor did we sign away our important veto's.
The tory bds.
The tory b
ds.gruffalo said:
powerstroke said:
AC43 said:
In other new the Tories have effectively announced tax increases after the election.
What on earth could possibly have brought that on?
Still, presumably the quitters will be stumping up on that one.
Don't fancy paying it myself, especially when the economy was doing so well previously.
maybe they were countering labour's assertion that the tories were planing a wild west styleWhat on earth could possibly have brought that on?
Still, presumably the quitters will be stumping up on that one.
Don't fancy paying it myself, especially when the economy was doing so well previously.
tax haven post Brexit...
AC43 said:
Right. So they are preparing for a downturn in the economy brought on by Brexit. Great.
There are preparing for a variety of different eventualities. We had downturns before Brexit and we'll have downturns afterwards. Or were you one of those who thought 'boom and bust' had been abolished?HTH
AC43 said:
gruffalo said:
powerstroke said:
AC43 said:
In other new the Tories have effectively announced tax increases after the election.
What on earth could possibly have brought that on?
Still, presumably the quitters will be stumping up on that one.
Don't fancy paying it myself, especially when the economy was doing so well previously.
maybe they were countering labour's assertion that the tories were planing a wild west styleWhat on earth could possibly have brought that on?
Still, presumably the quitters will be stumping up on that one.
Don't fancy paying it myself, especially when the economy was doing so well previously.
tax haven post Brexit...
dandarez said:
Anyway, back to the cheese. We like mature cheddar. What would you say a 'good' price was for say 350g of mature... just under 4 quid?
That's probably why the misses picked up 4 packs of this - that's 3.320 kilos
If you're going to get all sanctimonious about numbers, at least get the math right. That's probably why the misses picked up 4 packs of this - that's 3.320 kilos
Edited by Alpinestars on Sunday 23 April 14:26
///ajd said:
AC43 said:
Right. So they are preparing for a downturn in the economy brought on by Brexit. Great.
looks that way to most people with, er, eyes?some don't want to see it or admit it
AC43 said:
Right. So they are preparing for a downturn in the economy brought on by Brexit. Great.
Yes good isn't it or would you rather we had labour spending us into a hole with their magic money tree...I'm guessing you would like a recession ??? so you could say told you so ,
I don't care either way there is always a price for democracy , a depression would be worth having it that's what it
would take IMHO
PH XKR said:
zygalski said:
Slippery one, aren't you? Let's see if you're capable of answering a simple question.
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
You could have put your answer to your own question in there, otherwise, its a bit of a trap - whatever he says you will pounce.Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
Has it done well? It has done exceptionally well compared to our direct trading neighbours, who happen to be in the EU, the place we are looking to leave.
Thanks for your honest answer at least.
zygalski said:
So the lag effect of the "disastrous" Labour government is that our economy has actually done rather well from 2010 onwards.
Thanks for your honest answer at least.
Thank you for confirming that you haven't got the faintest idea what you are talking about.Thanks for your honest answer at least.
At least your claim that the recent economic growth is due to the strong economy left by Labour in 2010 will have amused a number of people on here. Idiot.
sidicks said:
zygalski said:
So the lag effect of the "disastrous" Labour government is that our economy has actually done rather well from 2010 onwards.
Thanks for your honest answer at least.
Thank you for confirming that you haven't got the faintest idea what you are talking about.Thanks for your honest answer at least.
At least your claim that the recent economic growth is due to the strong economy left by Labour in 2010 will have amused a number of people on here. Idiot.
zygalski said:
Well I might not be the Mr Fancy-pants economist you are, but I do know a hypocrite when I see one.
You keep saying so, but yet you keep claiming I've said something other what I've actually said - it's no wonder you are confused.Suggest you stick to something you actually understand?!
zygalski said:
PH XKR said:
zygalski said:
Slippery one, aren't you? Let's see if you're capable of answering a simple question.
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
You could have put your answer to your own question in there, otherwise, its a bit of a trap - whatever he says you will pounce.Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
Has it done well? It has done exceptionally well compared to our direct trading neighbours, who happen to be in the EU, the place we are looking to leave.
Thanks for your honest answer at least.
I see he is also very sensitive over any criticism of the banking crisis and how that was all everyone else but the banks fault.
I see that the taxpayer has just nearly broken even with Lloyds after nearly a decade of propping it up with our billions.
The story at RBS is not quite so rosy where billions of our money is still not reflected in the value of that bank.
It is also interesting to see two camps of brexiteer emerge - and sometimes they even get themselves mixed up.
Camp A - Sidicks is a member - is in the everything is rosy, no downturn, might be tax cuts not increases, etc. nothing to see here
Camp B - as on another thread - we all knew there would be hardship, don't mind a decade of being hard up if we get our sovereignty etc.
Both camps are very touchy about any bad news though. The insults against anyone daring to mention it are quite telling.
///ajd said:
zygalski said:
PH XKR said:
zygalski said:
Slippery one, aren't you? Let's see if you're capable of answering a simple question.
Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
You could have put your answer to your own question in there, otherwise, its a bit of a trap - whatever he says you will pounce.Do you think the UK economy has fared poorly, modestly, or well, in comparison to the other leading global economies since 2010?
Has it done well? It has done exceptionally well compared to our direct trading neighbours, who happen to be in the EU, the place we are looking to leave.
Thanks for your honest answer at least.
I see he is also very sensitive over any criticism of the banking crisis and how that was all everyone else but the banks fault.
I see that the taxpayer has just nearly broken even with Lloyds after nearly a decade of propping it up with our billions.
The story at RBS is not quite so rosy where billions of our money is still not reflected in the value of that bank.
It is also interesting to see two camps of brexiteer emerge - and sometimes they even get themselves mixed up.
Camp A - Sidicks is a member - is in the everything is rosy, no downturn, might be tax cuts not increases, etc. nothing to see here
Camp B - as on another thread - we all knew there would be hardship, don't mind a decade of being hard up if we get our sovereignty etc.
Both camps are very touchy about any bad news though. The insults against anyone daring to mention it are quite telling.
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