So what's Brexit really about?

[perrykneeham]

Sept 17, 2019 13:59:51 GMT moggyonspeed said:

"Peter Dixon, senior economist at Commerzbank, said the UK’s “huge amount of expertise and knowledge” in FX trading outweighed the negative effects of Brexit.

"He said that although Brexit could hurt London’s standing in the equities and bonds markets, FX trading is largely carried out by computer algorithms and has lighter regulations."

Computer algorithms? What - no new jobs then? Well, no - with London being the third hardest hit location in the UK (out of 11) and Finance being the fourth hardest hit sector (out of 10).

Do they write themselves,these algorithms? Perhaps that explains the massive investment in UK tech too?

[voice]

I still find it amazing, given the evidence of the damage even the prospect of Brexshit has done overall to the UK economy, how desperate the Brexshiteers are to cling to every tiny crumb of good news while totally ignoring the big picture. Still they've been staring at the trees for decades and not seeing the forest, so doubt that's gonna change any time soon.

[mids]

"The analysis in this document comes to a clear central conclusion: a vote to leave would represent an immediate and profound shock to our economy. That shock would push our economy into a recession and lead to an increase in unemployment of around 500,000, GDP would be 3.6% smaller, average real wages would be lower, inflation higher, sterling weaker, house prices would be hit and public borrowing would rise compared with a vote to remain.


assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/524967/hm_treasury_analysis_the_immediate_economic_impact_of_leaving_the_eu_web.pdf

[perrykneeham]

Sept 17, 2019 16:25:56 GMT voice said:

I still find it amazing, given the evidence of the damage even the prospect of Brexshit has done overall to the UK economy, how desperate the Brexshiteers are to cling to every tiny crumb of good news while totally ignoring the big picture. Still they've been staring at the trees for decades and not seeing the forest, so doubt that's gonna change any time soon.

What damage is that? We're struggling to find crumbs of bad news so that you Remongs don't top yourselves in humiliation.

[jimboky]

Sept 17, 2019 16:25:56 GMT voice said:

I still find it amazing, given the evidence of the damage even the prospect of Brexshit has done overall to the UK economy, how desperate the Brexshiteers are to cling to every tiny crumb of good news while totally ignoring the big picture. Still they've been staring at the trees for decades and not seeing the forest, so doubt that's gonna change any time soon.

you don't think the being in limbo these years might have caused that, had this happened in a reasonable time who knows what the economy would be,, I don't think those who voted to leave thought that 3 years after they won they would still be EU,, they get denied the win then blamed when it doesn't go well,

[bertruss2]

you don't think the being in limbo these years might have caused that

In the EU, as for the last 45 years. Losing it all, just so Johnson can enjoy the perks and prestige of getting what Eton can do for you, isn't a great outcome for the ordinary people of Britain.

[perrykneeham]

Sept 17, 2019 23:00:41 GMT bertruss2 said:

you don't think the being in limbo these years might have caused that

In the EU, as for the last 45 years. Losing it all, just so Johnson can enjoy the perks and prestige of getting what Eton can do for you, isn't a great outcome for the ordinary people of Britain.

Pointless tripe.

[bertruss2]

The alleged success of the British economy has been achieved over 45 years of membership of the EU. Demanding that the EU cancel our membership in a no-deal exit has no rational explanation, except that Johnson, Mogg and co. see advantages in it for themselves, not the British people.

[mids]

But we were told that the economy would crash immediately following a vote to leave. Those were the remain predictions. Immediately following a vote to leave, not after leaving. Immediately following a vote to leave. Dawn etc.

[Deleted]

Sept 17, 2019 16:56:53 GMT mids said:

"The analysis in this document comes to a clear central conclusion: a vote to leave would represent an immediate and profound shock to our economy. That shock would push our economy into a recession and lead to an increase in unemployment of around 500,000, GDP would be 3.6% smaller, average real wages would be lower, inflation higher, sterling weaker, house prices would be hit and public borrowing would rise compared with a vote to remain.


assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/524967/hm_treasury_analysis_the_immediate_economic_impact_of_leaving_the_eu_web.pdf

Link doesn't work.

[bertruss2]

we were told

By the Treasury under the Tory administration. That's something you have to ask George Osborne about.

Perhaps you haven't read the Kerslake report on The Treasury, commissioned by Labour shadow chancellor, John McDonnell.

[Deleted]

Supreme Court hearing: 100/1 on Miller's case is kicked out.

[mids]

The judges are being viciously pro remain. Can't really see Democracy winning here.

[Deleted]

Are they? They seem to be working on the 'it's politics not a legal matter' angle. But Johnson'll prorogue again if it is deemed he was in the wrong. So much for your democracy.

[mids]

I hope he prorogues parliament forever. In the name of democracy, like.

[mids]

www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu

[Deleted]

They got that wrong then, although it is a bit ambiguous in places - 'immediate' and 'after' Brexit.

[mids]

If you go to the tables they're very precise about what's going to happen by quarter in 2016.

[Deleted]

Osbourne always was a huge twat.

[Deleted]

Mmmn.. evens?

"Unwise to try to call a result half way through a case, but I think most would now think its not good for Govt.

Eadie was impressive, but even he struggled to convince the Court that in face of brazen abuse of prerogative power by Govt, its constitutional role is to do nothing."