Brexit and the Consequences

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It's been quiet on here for several days ...........

So much for George Osborne's May 2016 Project Fear: https://www.gov.uk/government/news/...ost-if-it-left-eu-new-treasury-analysis-shows
“This paper focuses on the immediate economic impact of a vote to leave and the two years that follow. 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”

Today's official ONS figures https://www.ons.gov.uk/employmentan...employeetypes/bulletins/uklabourmarket/latest
UK unemployment fell by 65,000 to 1.36 million in three months to June, taking it to the lowest level for more than 40 years. Wages are up by 2.7%, youth unemployment is at its lowest since records began, and productivity has seen its biggest rise since 2016. 104,000 fewer people are on zero hours contracts as their main job.


Perhaps the Remainers say it will all crash next March?
 
sminicooper said:
So much for George Osborne's May 2016 Project Fear: https://www.gov.uk/government/news/...ost-if-it-left-eu-new-treasury-analysis-shows
“This paper focuses on the immediate economic impact of a vote to leave and the two years that follow. 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”

Today's official ONS figures https://www.ons.gov.uk/employmentan...employeetypes/bulletins/uklabourmarket/latest
UK unemployment fell by 65,000 to 1.36 million in three months to June, taking it to the lowest level for more than 40 years. Wages are up by 2.7%, youth unemployment is at its lowest since records began, and productivity has seen its biggest rise since 2016. 104,000 fewer people are on zero hours contracts as their main job.


Perhaps the Remainers say it will all crash next March?
Click to expand...


You are right SuperMini, Osborne along with Cameron and Boris all same crop of Etonite inbreds for political purpose. They are all useless imo. Quite apparent. Super delivery, confidence and well spoken but hardly balls of steel or what great leaders are made of.

Never liked Osborne. How he ever became Chancellor is beyond me. Does anyone know what he studied? Modern History and wanted to be a journalist. Well I guess his got his prayers answered.

Having said that Osborne getting his forecasts wrong doesn't necessarily make the Brexit camp right. Remains to be seen. Brexit hasn't delivered anything but uncertainty up to this point. So outcome is very much open uncertain and well into the future.

Not forgetting we are not out of the EU just yet. By all accounts UK economy has slowed whilst EU has progressed faster than before. One could argue global growth in aggregate has been strong and Brexit metal yet to be tested in anger so to speak.

👍
 
Atilla said:
You are right SuperMini, Osborne along with Cameron and Boris all same crop of Etonite inbreds for political purpose. They are all useless imo. Quite apparent. Super delivery, confidence and well spoken but hardly balls of steel or what great leaders are made of.

Never liked Osborne. How he ever became Chancellor is beyond me. Does anyone know what he studied? Modern History and wanted to be a journalist. Well I guess his got his prayers answered.

Having said that Osborne getting his forecasts wrong doesn't necessarily make the Brexit camp right. Remains to be seen. Brexit hasn't delivered anything but uncertainty up to this point. So outcome is very much open uncertain and well into the future.

Not forgetting we are not out of the EU just yet. By all accounts UK economy has slowed whilst EU has progressed faster than before. One could argue global growth in aggregate has been strong and Brexit metal yet to be tested in anger so to speak.

👍
Click to expand...

Theoretical economics is your specialist subject, after all, that's all they teach at uni. A bunch of socialist profs filling the heads of the next generation of incompetents with theoretical nonsense because it fits the party line.

Meanwhile, back in the real world :whistling
 
counter_violent said:
Theoretical economics is your specialist subject, after all, that's all they teach at uni. A bunch of socialist profs filling the heads of the next generation of incompetents with theoretical nonsense because it fits the party line.

Meanwhile, back in the real world :whistling
Click to expand...


LOL You should stand on a box at Hyde Park Corner and preach about the real world you live in.


Happy to state, I am a reformed fascist capitalist pig.

Do not and never have seen my self as a socialist.


Some people simply unable to comprehend and rely on media defined labels such as socialist, to make sense of your World. Are there any more communist and socialists left in the World. Russians and Chinese biggest capitalist and free enterprise nations whilst UK and US still harking on about Democrats, Socialists and Free Marketeers.

Sooooo yesteryear of you... 😴😴😴😴


Get a life matey. Invest in some new education. Dust out your cobwebs. 🙂
 
Last edited:
Atilla said:
You are right SuperMini, Osborne along with Cameron and Boris all same crop of Etonite inbreds for political purpose. They are all useless imo. Quite apparent. Super delivery, confidence and well spoken but hardly balls of steel or what great leaders are made of.

Never liked Osborne. How he ever became Chancellor is beyond me. Does anyone know what he studied? Modern History and wanted to be a journalist. Well I guess his got his prayers answered.

Having said that Osborne getting his forecasts wrong doesn't necessarily make the Brexit camp right. Remains to be seen. The Tories haven't delivered Brexit yet. So outcome is very much open uncertain and well into the future.

Not forgetting we are not out of the EU just yet. By all accounts UK economy has slowed whilst EU has progressed faster than before. One could argue global growth in aggregate has been strong and Brexit metal yet to be tested in anger so to speak.

👍
Click to expand...

Corrected it for you 🙂
 
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