More post brexit referendum good news!!!!

RingoMcCartney · Post by **RingoMcCartney** » Wed Jan 10, 2018 2:38 pm

UK manufacturing output is expanding at its fastest rate since early 2008 after recording a seventh consecutive month of growth in November.

http://www.bbc.com/news/business-42633502" onclick="window.open(this.href);return false;

Absolutely fabulous news!

"If there was a vote to leave, confidence in the British economy would evaporate over night," former Labour chancellor Alistair Darling.

David Cameron: "leave vote would be economic bomb for UK"

Liars.

bfcjg · Post by **bfcjg** » Wed Jan 10, 2018 8:17 pm

Also the EU are looking at ways at plugging the 14 billion black hole in finance that our freedom has caused them . One idea is more tax on packaging. They are desperate to keep us in with scare stories. When the German people realise that they will be paying most of the shortfall the whole thing will collapse. They are even fining four member states for disobeying orders on migrant numbers.

Damo · Post by **Damo** » Thu Jan 11, 2018 11:08 am

Farage has called for a second referendum.
Looks like the remoaners have an unlikely, new hero

http://www.independent.co.uk/news/uk/po ... 53106.html" onclick="window.open(this.href);return false;

Sidney1st · Post by **Sidney1st** » Thu Jan 11, 2018 11:09 am

Nigel Farage has said it may be time to hold a second referendum on Brexit to put an end to the “moaning” of politicians who have not accepted the previous vote.

Not just the politicians

UpTheBeehole · Post by **UpTheBeehole** » Thu Jan 11, 2018 11:10 am

RingoMcCartney wrote:UK manufacturing output is expanding at its fastest rate since early 2008 after recording a seventh consecutive month of growth in November.

http://www.bbc.com/news/business-42633502" onclick="window.open(this.href);return false;

Absolutely fabulous news!

"If there was a vote to leave, confidence in the British economy would evaporate over night," former Labour chancellor Alistair Darling.

David Cameron: "leave vote would be economic bomb for UK"

Liars.

The economy is utterly stagnant

UpTheBeehole · Post by **UpTheBeehole** » Thu Jan 11, 2018 11:24 am

Former Newsnight Economics editor, writing in October:

The best one-word description of today’s GDP figures is “contested”. Brexiteers have seized on the fact that the economy grew by 0.4% in the last quarter, marginally ahead of the expected 0.3%, as further evidence that the warnings about leaving the EU were simply part of “project fear”. Meanwhile, pro-remain voices have been quick to retort that 0.4% is a still a very low number and that the annual growth rate of the economy has slipped to just 1.5% in the latest release, against 1.9% in the last quarter before the referendum. The messy politics of low, but not actually disastrously low, growth feel familiar to anyone who watched the UK economic debate in 2011 and 2012.

At risk of being called a spoilsport, it’s never worth investing too much time in arguing about or overanalysing one piece of economic data – especially when it is the first of three estimates and due to be revised in a few weeks’ time in any case. Whatever the final number ends up as, the bigger picture is looking increasingly clear. The UK economy has slowed considerably over the past decade. In the years before the financial crisis we became accustomed to quarterly growth of about 0.7% and yet today some people are arguing that 0.4% is a “good result”.

The underlying cause of this slowdown is two-pronged. First there is the global slowdown in productivity growth (the ability to get more economic output from the same level of inputs) which has hit the developed economies as a whole but the UK in a particularly acute manner. In the 30 or so years until 2008, productivity rose by between 2% and 2.5% per year but since then has been stagnant.

Brexit is adding to this challenge. Increased uncertainty over the UK’s future trading relationships, regulations and migration policy have led many firms to put investment on hold. The British economy has no doubt performed better than many analysts (including this one) expected since the referendum, but that performance still can’t be termed “strong”. It is important to remember that the UK’s better-than-expected performance – relative to the most pessimistic pre-Brexit vote views – has come at a time when the global economy as a whole has been putting in a stronger performance.

This month the International Monetary Fund estimated that the global economy would grow 3.6% in 2018 and that advanced economies would expand by 2.2%. Those numbers compare to estimates of 3.2% and 2.0% before June’s referendum. Meanwhile they now pencil in growth of just 1.7% for the UK next year as opposed to an estimate of 2.2% 18 months ago. In other words, while the prospects for the world economy and other developed countries have improved, our own outlook has darkened.

The big question is where this leaves policymakers – and November is shaping up to be a crucial month with a Bank of England meeting next week and the chancellor’s budget three weeks later.

Starting in August with the inflation report, and continuing with the minutes of the latest rate-setting monetary policy committee meeting, the Bank has been clearly signalling that it thinks interest rates have to rise. Governor Mark Carney has doubled down on this message in speeches and interviews and, short of getting “rates are going up in November” tattooed on his forehead, it’s hard to see what more he could have done to be clear.

It would have taken a truly grim set of figures today to knock the Bank off course at this point. The central problem worrying Threadneedle Street is that the UK’s growth prospects have permanently weakened and the decade-long problem of productivity growth is not about to go away soon. If growth of about 1.5% a year is now the “new normal” then as unemployment falls and spare capacity is used up, it needs to start increasing interest rates to keep inflation in check. With the UK population sitting on £1,630.1bn of debt it’s easy to see how interest-rate hikes could cause problems, but high inflation would be equally painful with wage growth still stagnant.

The chancellor faces the same problem from a different angle. The Office for Budget Responsibility, which dictates the numbers he has to work with, looks to be coming to the same conclusion as the Bank. While the Treasury will welcome today’s better-than-expected figures, the longer-term picture is looking grim, and as medium-term forecasts for growth are revised down, so too are forecasts for tax receipts.

Today’s data is a touch better than expected but the longer-term trends are what really matters. The Bank and Treasury will both have to grapple with them next month.

Sidney1st · Post by **Sidney1st** » Thu Jan 11, 2018 11:32 am

Thanks for the copy and paste, probably much more informative than your actual opinon.

UpTheBeehole · Post by **UpTheBeehole** » Thu Jan 11, 2018 11:34 am

I copy and paste people with gravitas.

Their opinion holds more weight with me than the opinions of spare parts men.

randomclaret2 · Post by **randomclaret2** » Thu Jan 11, 2018 11:54 am

Why dont you try thinking for yourself ?

randomclaret2 · Post by **randomclaret2** » Thu Jan 11, 2018 12:00 pm

Has "Toy Story " got gravitas ?

Sidney1st · Post by **Sidney1st** » Thu Jan 11, 2018 12:07 pm

UpTheBeehole wrote:I copy and paste people with gravitas.

Their opinion holds more weight with me than the opinions of spare parts men.

If it helps this spare parts man thinks you're an idiot

Paul Waine · Post by **Paul Waine** » Thu Jan 11, 2018 9:36 pm

UpTheBeehole wrote:I copy and paste people with gravitas.

Their opinion holds more weight with me than the opinions of spare parts men.

Hi UTB, is the "former newsnight economics editor" you quote Paul Mason?

UpTheBeehole · Post by **UpTheBeehole** » Fri Jan 12, 2018 9:55 am

Paul Waine wrote:Hi UTB, is the "former newsnight economics editor" you quote Paul Mason?

No

randomclaret2 · Post by **randomclaret2** » Fri Jan 12, 2018 1:21 pm

The idea of hanging on every word of someone connected with Newsnight is quite sad really...

CrosspoolClarets · Post by **CrosspoolClarets** » Mon Jan 22, 2018 1:37 pm

Fantastic news, one of Osborne’s key lieutenants, Lord O’Neill, former Goldman Sachs economist, and Chief Commercial Secretary to the Treasury during the referendum, admits to being far too pessimistic on Brexit and says that he now thinks there will be a total 3% GDP hit from a “no deal” but that will be dwarfed by the growth we get from the current boom.

We recall that the Treasury paper in June 2016 said a “severe shock” would lead to an immediate 6% hit to GDP, more in the long term, house prices would fall 18%, wages would fall, etc etc. These were “immediate” impacts.

Experts like him saying these things shows that this isn’t just a case of “well, we haven’t left yet”, it is more a case of the whole forecast needs revising upwards.

He would still vote Remain of course, as he is entitled to, but after Morgan Stanley were “eating humble pie” two weeks ago, this is now getting close to categorically proving that the Treasury document, that O’Neill and other ministers were involved in, was far too pessimistic, in that he is essentially suggesting that if it was rewritten it would look very different.

I know of several very clever folk who were swayed by it, and feel sure the vote would have been at least 55:45 if is had been accurate, probably 60:40. I also feel sure a 2nd Ref would be a shoe in for Leave if a more balanced economic forecast was part of it.

It’s now looking close to my original viewpoint - a GDP “speedbump” but still growing in general, and non-economic benefits make it a bump worth having. While not everyone agrees on the benefits, this economic news is great for everyone, Remainers and leavers alike.

https://inews.co.uk/news/politics/lord- ... al-growth/

nil_desperandum · Post by **nil_desperandum** » Mon Jan 22, 2018 1:44 pm

What he is basically saying is that we are currently benefiting from strong "Global growth". Doesn't he continue to say that we would be doing even better were it not for the uncertainty of Brexit?
"In his interview he acknowledged that his comments would prompt Brexit supporters to act like “the cat with the cream”. But he stood by his opposition to Brexit, insisting the UK economy would be in an even stronger position within the European Union, ... and said it was “ridiculous” to suggest he had been wrong to support Remain."

claretandy · Post by **claretandy** » Mon Jan 22, 2018 1:47 pm

CrosspoolClarets wrote:Fantastic news, one of Osborne’s key lieutenants, Lord O’Neill, former Goldman Sachs economist, and Chief Commercial Secretary to the Treasury during the referendum, admits to being far too pessimistic on Brexit and says that he now thinks there will be a total 3% GDP hit from a “no deal” but that will be dwarfed by the growth we get from the current boom.

We recall that the Treasury paper in June 2016 said a “severe shock” would lead to an immediate 6% hit to GDP, more in the long term, house prices would fall 18%, wages would fall, etc etc. These were “immediate” impacts.

Experts like him saying these things shows that this isn’t just a case of “well, we haven’t left yet”, it is more a case of the whole forecast needs revising upwards.

He would still vote Remain of course, as he is entitled to, but after Morgan Stanley were “eating humble pie” two weeks ago, this is now getting close to categorically proving that the Treasury document, that O’Neill and other ministers were involved in, was far too pessimistic, in that he is essentially suggesting that if it was rewritten it would look very different.

I know of several very clever folk who were swayed by it, and feel sure the vote would have been at least 55:45 if is had been accurate, probably 60:40. I also feel sure a 2nd Ref would be a shoe in for Leave if a more balanced economic forecast was part of it.

It’s now looking close to my original viewpoint - a GDP “speedbump” but still growing in general, and non-economic benefits make it a bump worth having. While not everyone agrees on the benefits, this economic news is great for everyone, Remainers and leavers alike.

https://inews.co.uk/news/politics/lord- ... al-growth/

You, you, brextremist !

quoonbeatz · Post by **quoonbeatz** » Mon Jan 22, 2018 1:48 pm

CrosspoolClarets wrote:Fantastic news, one of Osborne’s key lieutenants, Lord O’Neill, former Goldman Sachs economist, and Chief Commercial Secretary to the Treasury during the referendum, admits to being far too pessimistic on Brexit and says that he now thinks there will be a total 3% GDP hit from a “no deal” but that will be dwarfed by the growth we get from the current boom.

he doesn't say that at all.

he says he thinks it will be worse than 3% if there is no deal/hard brexit. 3% is a best-case scenario.

we'd likely be doing far better without having to **** around with brexit.

UpTheBeehole · Post by **UpTheBeehole** » Mon Jan 22, 2018 1:49 pm

nil_desperandum wrote:What he is basically saying is that we are currently benefiting from strong "Global growth". Doesn't he continue to say that we would be doing even better were it not for the uncertainty of Brexit?
"In his interview he acknowledged that his comments would prompt Brexit supporters to act like “the cat with the cream”. But he stood by his opposition to Brexit, insisting the UK economy would be in an even stronger position within the European Union, ... and said it was “ridiculous” to suggest he had been wrong to support Remain."

This bit Crosspool forgot to add completely renders Crosspool's post as useless drivel.

aggi · Post by **aggi** » Mon Jan 22, 2018 2:32 pm

Crosspool seems to have missed some bits (although to be relevant to the thread title it's probably fair to just pick out the good news rather than quote these things fully)

"Brexiteers are going to be like the cat with the cream. They're like 'there you go, told you so', which of course is ridiculous"

"Now, my own view is if we go for a really hard Brexit or a no-deal Brexit, we'll probably suffer more than that 3%

"I'm guessing world GDP growth of at least 4%, so a good half percent higher than the consensus is currently saying - and signs of it actually accelerating," Lord O'Neill said.
"Virtually every major place I can think of, [with the] possible exception of us, are all sharing in it at the same time. World trade - just when everybody's trying to write it off - has actually risen sharply."

CrosspoolClarets · Post by **CrosspoolClarets** » Mon Jan 22, 2018 6:06 pm

The Times is behind a paywall so I didn’t initially copy it, but for those who are mistaken in thinking (or pretending) that the 3% was the best we could expect, what it actually says is:

Speaking before the World Economic Forum in Davos, Lord O’Neill said if there was a “really hard Brexit or a no-deal Brexit” the UK would probably suffer a 3 per cent decline in growth.

But he added: “If it is only 3 per cent, what’s going on with the rest of the world — helping us — and with productivity improving, that will easily dwarf a 3 per cent hit over 13 years, easily.”

https://www.thetimes.co.uk/article/brex ... -wm8c5bsx5

I’m not cutting and pasting the whole darn thing, that is why I put a link up. Of course he isn’t saying Brexit is good or positive, he is an arch Remainer. But he is saying, honestly to be fair to him, that it isn’t anywhere near as bad as he thought. Considering the arguments we had on here and in various pubs around the UK about that Treasury report (Project Fear) and how accurate it was, it is probably fair to say that some were totally misled by it. I found it offensive by Osborne at the time, and this validates it.

By all means continue to wish we had voted Remain for perfectly valid reasons, even economic reasons. I respect that. But let nobody pretend any more that the economy is going to collapse. It’s going to wobble - at worse. Take Project Fear out of the equation, and the bus if you want, and there was, and is, a clear majority for a full Brexit. When we acknowledge that, we can start a mature discussion about what that full Brexit will look like, instead of every barrister in Parliament (Soubry, Clarke, Vaizey etc) trying every trick in their book to overturn it.

Bacchus · Post by **Bacchus** » Mon Jan 22, 2018 6:11 pm

Almost two year after the referendum and we're trying to spin 'not quite as bad as initially feared' as a positive.

CrosspoolClarets · Post by **CrosspoolClarets** » Mon Jan 22, 2018 6:13 pm

Bacchus wrote:Almost two year after the referendum and we're trying to spin 'not quite as bad as initially feared' as a positive.

No we are not Bacchus. We are trying to prove that Project Fear was one big con (or incompetence). Nothing more.

Bacchus · Post by **Bacchus** » Mon Jan 22, 2018 6:24 pm

A con? At worst it was an overly pessimistic projection. Even the numbers you are presenting as good news are showing an economic hit, and of course they are still just forecasts at this point (albeit slightly more informed.)

A con would be presenting information that is demonstrably untrue as being factual. Who did that, I wonder?

RingoMcCartney · Post by **RingoMcCartney** » Mon Jan 22, 2018 6:31 pm

quoonbeatz wrote:he doesn't say that at all.

he says he thinks it will be worse than 3% if there is no deal/hard brexit. 3% is a best-case scenario.

we'd likely be doing far better without having to **** around with brexit.

Carrying out the Will of the People in what was the single biggest ever vote for a party or issue the country had ever witnessed.

Democracy, it's a bugger isn't It!

Just out of interest, does anybody know, when the emergency budget that Osborne said would have to take place if we had the audacity to vote Leave, happening?

Lancasterclaret · Post by **Lancasterclaret** » Mon Jan 22, 2018 6:32 pm

Nice to see that UKIP are demanding another election 14 months after the last one.

Nice to see that though they are complete barnpots, they at least understand the concept of democracy.

quoonbeatz · Post by **quoonbeatz** » Mon Jan 22, 2018 9:48 pm

CrosspoolClarets wrote:The Times is behind a paywall so I didn’t initially copy it, but for those who are mistaken in thinking (or pretending) that the 3% was the best we could expect, what it actually says is:

Speaking before the World Economic Forum in Davos, Lord O’Neill said if there was a “really hard Brexit or a no-deal Brexit” the UK would probably suffer a 3 per cent decline in growth.

It's you who is mistaken. Lord O'Neill actually said:
"if we go for a really hard Brexit or a no-deal Brexit, we'll probably suffer more than that 3%."

quoonbeatz · Post by **quoonbeatz** » Mon Jan 22, 2018 9:49 pm

RingoMcCartney wrote:Carrying out the Will of the People in what was the single biggest ever vote for a party or issue the country had ever witnessed.

Democracy, it's a bugger isn't It!

Just out of interest, does anybody know, when the emergency budget that Osborne said would have to take place if we had the audacity to vote Leave, happening?

Not sure why you quoted me, bossman, none of that is relevant to what I said.

RingoMcCartney · Post by **RingoMcCartney** » Mon Jan 22, 2018 10:15 pm

quoonbeatz wrote:Not sure why you quoted me, bossman, none of that is relevant to what I said.

"having to **** around with brexit."

Brexit and "having to **** around with it" - Brought about by democracy, and the biggest single expression of it, the country has seen. Voted for, by MPs by a ratio of 5 to 1. They didn't get the result they expected.

RingoMcCartney · Post by **RingoMcCartney** » Mon Jan 22, 2018 10:22 pm

CrosspoolClarets wrote:No we are not Bacchus. We are trying to prove that Project Fear was one big con (or incompetence). Nothing more.

Lord O'Neill predicted that the British economic forecast will be boosted thanks to a stronger global economy despite his previously gloomy Brexit expectations.

He admitted that a stronger economic performance by Britain could disprove the negative expectations he and other experts had for Britain after its withdrawal from the European Union.

He said: "I'm almost embarrassed to admit that it might sound like that. Because, of course, in principle, I share the views of many that Brexit is a really weird thing for the UK to impose on itself from an economic perspective.

"I certainly wouldn't have thought the UK economy would be as robust as it currently seems."

You stick to your guns Crosspool. Some on the Remoan side would rather indulge their fetish of dreams of economic masochism and belittling the country at every opportunity they feel they have.

quoonbeatz · Post by **quoonbeatz** » Mon Jan 22, 2018 10:33 pm

RingoMcCartney wrote:"having to **** around with brexit."

Brexit and "having to **** around with it" - Brought about by democracy, and the biggest single expression of it, the country has seen. Voted for, by MPs by a ratio of 5 to 1. They didn't get the result they expected.

Like I said, nothing to do with what I said. We all know why we're having to **** about with brexit, it's not relevant to this discussion.

RingoMcCartney · Post by **RingoMcCartney** » Mon Jan 22, 2018 10:40 pm

quoonbeatz wrote:Like I said, nothing to do with what I said. We all know why we're having to **** about with brexit, it's not relevant to this discussion.

"We all know why we're having to **** about with brexit"

Do we? Enlighten me for one.

UpTheBeehole · Post by **UpTheBeehole** » Tue Jan 23, 2018 11:18 am

Economic confidence is suffering due to the UK’s impending withdrawal from the EU, Philip Hammond has said, as he pointedly knocked down demands from Boris Johnson for a “Brexit dividend” for the NHS, in a sign of growing divisions within the government.

...

The chancellor, who is a keen advocate for keeping the UK closely aligned to EU rules and regulations in the hope of minimising economic disruption after the UK leaves the bloc, said that rather than reaping a Brexit dividend, the economy was suffering due to uncertainty over the future.

His comments came in response to the decision by the International Monetary Fund to downgrade its forecast for UK growth in 2019, the year when the UK leaves the EU, to 1.5%, against an earlier forecast of 1.6%.

It upgraded its forecasts for much of the rest of the G7 on the back of a strengthening global economy. Germany was upgraded from 1.5% to 2%.

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:13 am

GDP up again, despite all the pre referendum lies of economic armageddon and the sky falling in!

Well done the Great British people for seeing through the despicable lies and scare mongering by the Establishment and the political class.

We were told
A VOTE to leave would be like " putting a nuclear bomb under the uk economy"

" a vote to Leave would see confidence in the UK evaporate over night"

Just the simple act of voting Leave. Not the action of leaving the failing EU experiment , but simply disobeying the establishment, the BBC and mainstream media and the political class.

They did exactly the same when the People were being told not joining the Single currency (the Euro) would leave "the UK as an economic basket case", "left floundering somewhere in the mid Atlantic", " be left in glorious isolation" Hesletine, Ashdown and Bliar have simply been replaced by younger liars- Osborne, Cameron, Clegg, Adonis, Morgan, Kinnock, Cable and the rest of the self loathing democracy denying liars.

We voted Leave and we're doing just fine. Reasons to be cheerful.

Lancasterclaret · Post by **Lancasterclaret** » Fri Jan 26, 2018 11:17 am

Who to believe

Amber Rudd, Owen Paterson, Ringo

or

The CBI, the chairman of the Bank of England and everyone in British business (except the bloke whose pubs can't provide steak on steak nights)

I've got to admit, its a tough one

RocketLawnChair · Post by **RocketLawnChair** » Fri Jan 26, 2018 11:17 am

Baton Down The Hatches Ringo, They'll be here soon!

Spijed · Post by **Spijed** » Fri Jan 26, 2018 11:19 am

RingoMcCartney wrote:GDP up again, despite all the pre referendum lies of economic armageddon and the sky falling in!

Well done the Great British people for seeing through the despicable lies and scare mongering by the Establishment and the political class.

We were told
A VOTE to leave would be like " putting a nuclear bomb under the uk economy"

" a vote to Leave would see confidence in the UK evaporate over night"

Just the simple act of voting Leave. Not the action of leaving the failing EU experiment , but simply disobeying the establishment, the BBC and mainstream media and the political class.

They did exactly the same when the People were being told not joining the Single currency (the Euro) would leave "the UK as an economic basket case", "left floundering somewhere in the mid Atlantic", " be left in glorious isolation" Hesletine, Ashdown and Bliar have simply been replaced by younger liars- Osborne, Cameron, Clegg, Adonis, Morgan, Kinnock, Cable and the rest of the self loathing democracy denying liars.

We voted Leave and we're doing just fine. Reasons to be cheerful.

You forgot to add Boris, and all that wonderful money going into the NHS.

He's the biggest liar of them all!

Lancasterclaret · Post by **Lancasterclaret** » Fri Jan 26, 2018 11:22 am

I'll limit it to one post Rocket!

And also nice to see that we appear to be heading towards a Brexit that doesn't f**k the economy as well as common sense breaks out as we head for a transitional deal and staying in both the single market and the customs union.

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:26 am

Lancasterclaret wrote:Who to believe

e

The 17,400,000 British people who've ignored the lies and voted Leave. That's who. They've had 40 odd years to do their own impact assessment of EU membership. They've decided their towns, cities , their communities, families, and friends have not benefited from being part of the experiment more commonly known as the EU.

In the meantime you fetish of self loathing and dreams of economic masochism ignore the reality.

Leaving the EU will be a long term success for the U.K.

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:28 am

Spijed wrote:You forgot to add Boris, and all that wonderful money going into the NHS.

He's the biggest liar of them all!

To get the money to potentially spend on the NHS, we have to actually LEAVE and stop paying. We haven't left yet.

Hope that helps.

Lancasterclaret · Post by **Lancasterclaret** » Fri Jan 26, 2018 11:29 am

I'd love to see the evidence for that.

Oh I forgot, there isn't any

Spijed · Post by **Spijed** » Fri Jan 26, 2018 11:30 am

RingoMcCartney wrote:To get the money to potentially spend on the NHS, we have to actually LEAVE and stop paying. We haven't left yet.

Hope that helps.

Well, considering we haven't left how on earth can economists predict that the UK will be better off outside the EU?

Bordeauxclaret · Post by **Bordeauxclaret** » Fri Jan 26, 2018 11:32 am

Perhaps this would have helped the NHS? Who knows.
Still great news it’s not been as bad as some people thought. Apart from Farage obviously. Not going well for him.

https://www.thetimes.co.uk/article/brex ... -mxr5cwkhf" onclick="window.open(this.href);return false;

UpTheBeehole · Post by **UpTheBeehole** » Fri Jan 26, 2018 11:33 am

I hoped we'd seen the last of Ringo

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:37 am

Spijed wrote:Well, considering we haven't left how on earth can economists predict that the UK will be better off outside the EU?

These economists of which you speak. They got it blindingly wrong with their predictions of economic catastrophe by just voting to Leave. Yet you give them credence and hold them up in such high esteem.

I don't trust economists. I trust the wisdom of the British People. Simple as.

Lancasterclaret · Post by **Lancasterclaret** » Fri Jan 26, 2018 11:37 am

The reason that its not looking as bad as first feared is that business is winning its battle with the Tory party about the realities of the situation.

The only problem is that people like JRM (someone who'd be fine whatever happens because he's got loads of cash) don't understand the situation regarding world trade deals (and to be fair, he's not alone!) and the realities of the current deals that a lot of countries already have with the EU and other trade organisations.

Notice that TTP is still going strong, despite the US pulling out (and Trump is having second thoughts about that)

The world trade situation has changed since 1970, and far too many people who are making these decisions don't appear to realise this (or much more likely, know full well but won't say it because, well, BrexitmeansBrexit)

Lancasterclaret · Post by **Lancasterclaret** » Fri Jan 26, 2018 11:38 am

I don't trust economists. I trust the wisdom of the British People. Simple as.

Don't ever change Ringo.

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:40 am

UpTheBeehole wrote:I hoped we'd seen the last of Ringo

Sorry to disappoint you up your own hole. I've just been sitting back watching you get laughed at on here, for the past couple of weeks. Highly entertaining!

Good effort

Spijed · Post by **Spijed** » Fri Jan 26, 2018 11:41 am

RingoMcCartney wrote:These economists of which you speak. They got it blindingly wrong with their predictions of economic catastrophe by just voting to Leave. Yet you give them credence and hold them up in such high esteem.

I don't trust economists. I trust the wisdom of the British People. Simple as.

So how can the British people be confident that the economy is going to be a success post Brexit?

RingoMcCartney · Post by **RingoMcCartney** » Fri Jan 26, 2018 11:46 am

Lancasterclaret wrote:Don't ever change Ringo.

As a former member of the Labour party when Michael foot and John Smith were leaders, I have changed over the years. Although to be fair, Labour , when it wasn't dominated by the dwellers of the metropolitan London borough of ivory towers, was eurosceptic. In those days Labour used to be concerned about British workers. They said the EU was a club for bankers and big business. I know! Hard to believe isn't it!.