The economic consequences of Brexit (Vol 3)

[The Dangerous Elk]

PurpleMoonlight said:

The Dangerous Elk said:

Totally wrong as an analogy

In what way?

Because the action of leaving the Eu is as directed by the voting public of a nation. Have the Eu had a referendum on "shall we damage their and our economies to protect our executive's plans for a social project ?"

[Sway]

Dr Jekyll said:

GetCarter said:

'Black Wednesday' was one of the worst days for the British economy. We lost +/- 3.8 billion.

Remember that?

I remember it.

We left the ERM, there were all kinds of predictions of disaster. But it lead to an 18 year boom.

Indeed. Nearly four times the average growth rate of Germany.

[Mothersruin]

Dr Jekyll said:

GetCarter said:

'Black Wednesday' was one of the worst days for the British economy. We lost +/- 3.8 billion.

Remember that?

I remember it.

We left the ERM, there were all kinds of predictions of disaster. But it lead to an 18 year boom.

Which the Labour government pissed up the wall in spectacular fashion. Anyway, Black Wednesday was a mere blip compared to what they achieved, even Browns gold fire sale nearly matched BW for losses and that was just one singular thing in a catalogue of financial mismanagement.

[The Dangerous Elk]

Is Italy about to bring the Eu financial sector down, they seem very worried. What type of pressure will they apply to the people of Italy, maybe they will turn Italy into Greece whilst still trying to claim the Eu can take over from London ?

Step 1: Place an unelected Eu supporting economist in charge of a whole nation
Step 2: Massive pressure from the Eu in the new elections
Step 3: ?

Edited by The Dangerous Elk on Monday 28th May 22:38

[PurpleMoonlight]

The Dangerous Elk said:

Because the action of leaving the Eu is as directed by the voting public of a nation. Have the Eu had a referendum on "shall we damage their and our economies to protect our executive's plans for a social project ?"

So it's okay for some of the UK voters to decide to damage our and their economy but not okay for elected politicians to do so. Got it.

[powerstroke]

PurpleMoonlight said:

The Dangerous Elk said:

Because the action of leaving the Eu is as directed by the voting public of a nation. Have the Eu had a referendum on "shall we damage their and our economies to protect our executive's plans for a social project ?"

So it's okay for some of the UK voters to decide to damage our and their economy but not okay for elected politicians to do so. Got it.

Elected ??? this EU thing is becoming more about which side you're on and less about actual voted for democracy facts and the interests of the peoples here and in places like Italy

Anyway out of interest what damage and to whom do you think have we voted for ???

Edited by powerstroke on Tuesday 29th May 06:39

[PurpleMoonlight]

powerstroke said:

Elected ??? this EU thing is becoming more about which side you're on and less about actual voted for democracy facts and the interests of the peoples here and in places like Italy

Anyway out of interest what damage and to whom do you think have we voted for ???

Edited by powerstroke on Tuesday 29th May 06:39

It is my understanding that it is the elected heads of state of the EU27 that have decided and agreed the EU's position on brexit.

[The Dangerous Elk]

PurpleMoonlight said:

The Dangerous Elk said:

Because the action of leaving the Eu is as directed by the voting public of a nation. Have the Eu had a referendum on "shall we damage their and our economies to protect our executive's plans for a social project ?"

So it's okay for some of the UK voters to decide to damage our and their economy but not okay for elected politicians to do so. Got it.

They did not, did you vote in a different referendum?

[don'tbesilly]

The Dangerous Elk said:

PurpleMoonlight said:

The Dangerous Elk said:

Because the action of leaving the Eu is as directed by the voting public of a nation. Have the Eu had a referendum on "shall we damage their and our economies to protect our executive's plans for a social project ?"

So it's okay for some of the UK voters to decide to damage our and their economy but not okay for elected politicians to do so. Got it.

They did not, did you vote in a different referendum?

Keep up DE, PM stayed in bed on the day of the referendum, and never bothered to find a Polling station, he was never bothered whether the UK was a member of the EU or not a member of the EU.

For some bizarre reason he is now bothered (clearly a closet Remainer) and it causes him sleepless nights.

[The Dangerous Elk]

don'tbesilly said:

Keep up DE, PM stayed in bed on the day of the referendum, and never bothered to find a Polling station, he was never bothered whether the UK was a member of the EU or not a member of the EU.

For some bizarre reason he is now bothered (clearly a closet Remainer) and it causes him sleepless nights.

Ahhh, I did not know that, explains a lot

[PurpleMoonlight]

The Dangerous Elk said:

They did not, did you vote in a different referendum?

Same old response when you aren't capable of actually discussing the topic like an adult I see.

[The Dangerous Elk]

PurpleMoonlight said:

Same old response when you aren't capable of actually discussing the topic like an adult I see.

You made a totally incorrect statement, I pointed it out.

[PurpleMoonlight]

The Dangerous Elk said:

You made a totally incorrect statement, I pointed it out.

Brexit will have no negatives whatsoever in your book?

[The Dangerous Elk]

PurpleMoonlight said:

Brexit will have no negatives whatsoever in your book?

It may have, many of them within the Eu and primarily due to the Eu's dogma. It is a massive change and there will be many hurdles to jump, I know of not one person who voted with your statement being their reason to vote.

Your statement was incorrect and is still is.

Off to do some work now, the fun fun fun of 3 days "home working".

[Leonard Stanley]

It's surprising to say the least that the Wail has published a piece (an opinion piece, granted) with these words:

"Many people don’t realise that if the car industry fails, the economy will go with it. No one voted in the referendum to lose their jobs or their income.

So what, then, can be done to avoid looming disaster. At the minimum, we must stay in the customs union. If the hard Brexiteers can find a credible and executable alternative, which deliver the same results, we need to see the evidence. There has been none so far.

To press ahead without such a frictionless trade deal in place would be an act of wanton self-destruction.

How tragic it would be if we had saved the British car industry from the grip of one damaging political ideology in the militant 1970s, only to lose it to another in 2018."

[richie99]

Leonard Stanley said:

It's surprising to say the least that the Wail has published a piece (an opinion piece, granted) with these words:

"Many people don’t realise that if the car industry fails, the economy will go with it. No one voted in the referendum to lose their jobs or their income.

But that's exactly what many people did vote for. They just chose not to believe the risk and dismissed is as 'project fear'. Areas with most jobs at risk voted most strongly to leave.

[The Dangerous Elk]

They voted to leave the Eu in a majority (essentially twice), analyse all you like it is just speculation.
There are/will be some economic events but this country is not doomed to fail having withdrawn from its membership of the Eu.

Edited by The Dangerous Elk on Tuesday 29th May 14:48

[Tuna]

Leonard Stanley said:

"Many people don’t realise that if the car industry fails, the economy will go with it. No one voted in the referendum to lose their jobs or their income.

So what, then, can be done to avoid looming disaster. At the minimum, we must stay in the customs union.

What nonsensical logic. What exactly do they think will cause the car industry to 'fail'?

The maximum tariffs the EU could impose on UK manufactured cars are still smaller than the drop in the Euro exchange rate. It would still be cheaper to buy UK cars than it was in 2014/15 - and no-one was talking about the car industry 'failing' then.

Unless the EU goes 'full Trump' and attempts to impose trading sanctions against the UK, the car industry will not fail. For sure, there are going to be business challenges - some industries will fare better and some worse - but that is a matter of our own internal business and taxation policies. Under a genuine Brexit, we should be able to respond to those challenges and build industries that are globally robust.

[Benbay001]

richie99 said:

But that's exactly what many people did vote for. They just chose not to believe the risk and dismissed is as 'project fear'. Areas with most jobs at risk voted most strongly to leave.

I voted with the intention of collapsing the economy from the day after the vote. The fact its been a year and a half and there still hasn't been the promised collapse drives me mad! I was deceived.

[The Dangerous Elk]

Italy: Euro now has problems and Euro stocks falling, this could very rapidly be the big one for the Eu.
Technocrats in charge (unelected and Eu/Euro fan) is not going down well in Italy, they must be crapping themselves at the prospect of becoming Greece Mk2 and part of Greater Southern Germany.