The Consequences of Brexit [part 5] Read 1st post before posting

[Magilla]

9 minutes ago, Lockdoctor said:

The idea of having a referendum is to end arguments and not to intensify them by implementing what the losing side wants.

The only way it ends arguments is when the result is near concensus.

 

Hence Swiss referena need to have a two thirds majority for any matter to be  considered "settled".

 

The referendum itself was fatally flawed.

[truman]

17 minutes ago, Lockdoctor said:

Pointing out the difference between a general election and a referendum is the only logical way to reply.  The idea of having a referendum is to end arguments and not to intensify them by implementing what the losing side wants.

It's the only way when you have no other answer I guess.. "The decision has been made,now go and sit in the corner and stop telling us we're wrong". That's how you're coming across.. which flavour of Brexit is the right one?

Edited November 28, 2018 by truman

[tinfoilhat]

2 hours ago, Car Boot said:

Really?

 

I'm not posting that Brexit will mean we have to eat rat excrement!

So, to review, you do think that Theresa May will embark on a full nationalisation programme and you don’t think any trade deal with the US will involve us signing up to their defects book with regards to food?

 

Is that what you are saying?

[Mister M]

UK economy to shrink and wages to fall under every scenario if it leaves EU. Gov report finds:

 

Theresa May's Brexit plan will deliver a 3.9 per cent hit to GDP and workers’ wages will fall, according to the best estimate of government officials.

Every region of the country will be worse off in 15 years’ time, with London suffering the greatest damage, the analysis finds.

Real wages, after inflation, are expected to fall by 2.7 per cent – despite the claims of Brexiteers that cutting EU migration would allow pay to go up.

The analysis does not put a cash figure on the impact of a 3.9 per cent drop in GDP, but other independent experts have suggested it equates to around £100bn a year – or £1,000 a head.

Such a sum would dwarf the gain from ending the UK's current contribution to EU budgets, which are only around £10bn.

The study assumes some “non-tariff barriers” in a future trade deal with the EU – in an apparent admission that the prime minister’s dream of “frictionless trade” is dead.
 

https://www.independent.co.uk/news/uk/politics/brexit-wages-theresa-may-gdp-deal-eu-latest-analysis-a8655746.html

[Halibut]

What a bunch of scumbags, liars and thieves. 

[truman]

8 minutes ago, Halibut said:

What a bunch of scumbags, liars and thieves. 

Who are you referring to?

[Jonny5]

25 minutes ago, Mister M said:

UK economy to shrink and wages to fall under every scenario if it leaves EU. Gov report finds:

 

Theresa May's Brexit plan will deliver a 3.9 per cent hit to GDP and workers’ wages will fall, according to the best estimate of government officials.

Every region of the country will be worse off in 15 years’ time, with London suffering the greatest damage, the analysis finds.

Real wages, after inflation, are expected to fall by 2.7 per cent – despite the claims of Brexiteers that cutting EU migration would allow pay to go up.

The analysis does not put a cash figure on the impact of a 3.9 per cent drop in GDP, but other independent experts have suggested it equates to around £100bn a year – or £1,000 a head.

Such a sum would dwarf the gain from ending the UK's current contribution to EU budgets, which are only around £10bn.

The study assumes some “non-tariff barriers” in a future trade deal with the EU – in an apparent admission that the prime minister’s dream of “frictionless trade” is dead.
 

https://www.independent.co.uk/news/uk/politics/brexit-wages-theresa-may-gdp-deal-eu-latest-analysis-a8655746.html

Boris and Farage should be locked up in the tower for treason.

[woodview]

13 hours ago, L00b said:

And reciprocally, particularly when the 'tiny minority of extremists' happens to include your Prime Minister, your Foreign Secretary, other Cabinet Ministers, the leader of your opposition, around half your MPs...

You're running out of road fast these days  

Ok, I didn't know the PM, Jeremy Corbyn etc had been involved in hate crimes........ As I mentioned earlier, I think this 'discussion' isn't worth having.

[truman]

12 minutes ago, woodview said:

Ok, I didn't know the PM, Jeremy Corbyn etc had been involved in hate crimes........ As I mentioned earlier, I think this 'discussion' isn't worth having.

And yet here you are......

[woodview]

36 minutes ago, Mister M said:

UK economy to shrink and wages to fall under every scenario if it leaves EU. Gov report finds:

 

Theresa May's Brexit plan will deliver a 3.9 per cent hit to GDP and workers’ wages will fall, according to the best estimate of government officials.

Every region of the country will be worse off in 15 years’ time, with London suffering the greatest damage, the analysis finds.

Real wages, after inflation, are expected to fall by 2.7 per cent – despite the claims of Brexiteers that cutting EU migration would allow pay to go up.

The analysis does not put a cash figure on the impact of a 3.9 per cent drop in GDP, but other independent experts have suggested it equates to around £100bn a year – or £1,000 a head.

Such a sum would dwarf the gain from ending the UK's current contribution to EU budgets, which are only around £10bn.

The study assumes some “non-tariff barriers” in a future trade deal with the EU – in an apparent admission that the prime minister’s dream of “frictionless trade” is dead.
 

https://www.independent.co.uk/news/uk/politics/brexit-wages-theresa-may-gdp-deal-eu-latest-analysis-a8655746.html

When discussing this, remeber the 3.9% prediction is the compounbded effect after 15 years. e.g in 15 years time GDP might be 3.9% lower than today. It may be correct, and also as we all know gdp forecast vary on a quarterly basis, so it also has to be treated with caution.

That particular article is also misleading as it makes a comparison in the amount of gdp to the contribution to the eu. The contribution to the eu is made from government receipts not gdp. It's similar to mixing up turnover and profit in a company. Very different figures.