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Brexit uncertainty costing the UK £600 million a week 21:01 - Apr 2 with 1261 viewsNo9

According to Goldman Sachs

https://uk.reuters.com/article/uk-britain-eu-goldmansachs/brexit-uncertainty-has

Where are Gove & Johnson when you need them?
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Brexit uncertainty costing the UK £600 million a week on 21:19 - Apr 2 with 1235 viewsMJallday

Can we put that on the side of a bus?

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Brexit uncertainty costing the UK £600 million a week on 21:25 - Apr 2 with 1228 viewsbournemouthblue

Brexit uncertainty costing the UK £600 million a week on 21:19 - Apr 2 by MJallday

Can we put that on the side of a bus?


better not to mention it is sponsored by Goldman Sachs mind you

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Brexit uncertainty costing the UK £600 million a week on 21:27 - Apr 2 with 1217 viewswkj

Brexit uncertainty costing the UK £600 million a week on 21:19 - Apr 2 by MJallday

Can we put that on the side of a bus?


Once its proven to be a lie we can

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Brexit uncertainty costing the UK £600 million a week on 22:58 - Apr 2 with 1177 viewsLord_Lucan

I have no idea about the figures but the headline is correct

"Uncertainty"

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Brexit uncertainty costing the UK £600 million a week on 06:55 - Apr 3 with 1064 viewsDarth_Koont

This is what we're dealing with and choosing between. Basically, no-deal is insanity and far too punitive for the UK to ever have worked as a negotiating tactic. And remaining is an absolute no-brainer.

"In a no-deal Brexit, a scenario Goldman sees a 15 percent chance of, UK GDP would fall by 5.5 percent and a “substantial” global confidence shock would see sterling depreciate by 17 percent.

European countries would be most exposed to this scenario, the economists estimated, and could see output losses of around 1 percent of real GDP.

A Brexit transition deal would reverse part of Britain’s economic output lag, with limited foreign spill-overs, they said, estimating UK GDP would grow by a cumulative 1.75 percent and sterling would appreciate by 6 percent.

A scenario in which Britain remains in the EU after all would see it fully recoup Brexit-related output costs and drive a rebound in business confidence while sterling would appreciate by 10 percent."
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Brexit uncertainty costing the UK £600 million a week on 07:08 - Apr 3 with 1044 viewsBloomBlue

Good old Goldmans the banking experts who completely missed the biggest banking crash for 70 years was coming. Always trust a banker with financial forecasting.
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Brexit uncertainty costing the UK £600 million a week on 07:14 - Apr 3 with 1029 viewsDarth_Koont

Brexit uncertainty costing the UK £600 million a week on 07:08 - Apr 3 by BloomBlue

Good old Goldmans the banking experts who completely missed the biggest banking crash for 70 years was coming. Always trust a banker with financial forecasting.


But you'd trust certain politicians who say everything is going to be great even with a no-deal?!!

These figures (and the relative impact of the different scenarios) are in the ballpark of others I've seen. Let's see the figures you're working with.
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Brexit uncertainty costing the UK £600 million a week on 07:14 - Apr 3 with 1030 viewsBluefish

Brexit uncertainty costing the UK £600 million a week on 07:08 - Apr 3 by BloomBlue

Good old Goldmans the banking experts who completely missed the biggest banking crash for 70 years was coming. Always trust a banker with financial forecasting.


Good point. The banking crisis wasn't predicted so never trust any of the banking experts ever again. However do trust all racists in hi-viz

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Brexit uncertainty costing the UK £600 million a week on 07:15 - Apr 3 with 1017 viewsBanksterDebtSlave

Brexit uncertainty costing the UK £600 million a week on 07:08 - Apr 3 by BloomBlue

Good old Goldmans the banking experts who completely missed the biggest banking crash for 70 years was coming. Always trust a banker with financial forecasting.


They almost certainly have no financial positions on the outcome!

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Brexit uncertainty costing the UK £600 million a week on 07:16 - Apr 3 with 1015 viewsfooters

+2% of GDP down the drain.

But whatever you do, don't blame Brexit...

Oh, and we haven't even left yet!

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Brexit uncertainty costing the UK £600 million a week on 07:19 - Apr 3 with 1004 viewsBanksterDebtSlave

Brexit uncertainty costing the UK £600 million a week on 06:55 - Apr 3 by Darth_Koont

This is what we're dealing with and choosing between. Basically, no-deal is insanity and far too punitive for the UK to ever have worked as a negotiating tactic. And remaining is an absolute no-brainer.

"In a no-deal Brexit, a scenario Goldman sees a 15 percent chance of, UK GDP would fall by 5.5 percent and a “substantial” global confidence shock would see sterling depreciate by 17 percent.

European countries would be most exposed to this scenario, the economists estimated, and could see output losses of around 1 percent of real GDP.

A Brexit transition deal would reverse part of Britain’s economic output lag, with limited foreign spill-overs, they said, estimating UK GDP would grow by a cumulative 1.75 percent and sterling would appreciate by 6 percent.

A scenario in which Britain remains in the EU after all would see it fully recoup Brexit-related output costs and drive a rebound in business confidence while sterling would appreciate by 10 percent."


“While a ‘deal’ would certainly be positive for the UK economy, only ‘no deal’ would trigger substantial spill-over effects, with European countries being most exposed,” they added."

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Brexit uncertainty costing the UK £600 million a week on 07:24 - Apr 3 with 986 viewsfooters

Brexit uncertainty costing the UK £600 million a week on 07:19 - Apr 3 by BanksterDebtSlave

“While a ‘deal’ would certainly be positive for the UK economy, only ‘no deal’ would trigger substantial spill-over effects, with European countries being most exposed,” they added."


Falling out of a trade deal with European countries would tend to suggest they'd be most affected, yes.

Come on, mate- have a fink about it!

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Brexit uncertainty costing the UK £600 million a week on 07:39 - Apr 3 with 949 viewsDarth_Koont

Brexit uncertainty costing the UK £600 million a week on 07:19 - Apr 3 by BanksterDebtSlave

“While a ‘deal’ would certainly be positive for the UK economy, only ‘no deal’ would trigger substantial spill-over effects, with European countries being most exposed,” they added."


It’s not saying Europe is more exposed than us but other countries around the world.
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Brexit uncertainty costing the UK £600 million a week on 08:21 - Apr 3 with 865 viewsBanksterDebtSlave

Brexit uncertainty costing the UK £600 million a week on 07:24 - Apr 3 by footers

Falling out of a trade deal with European countries would tend to suggest they'd be most affected, yes.

Come on, mate- have a fink about it!


Like ours, some European politicians are also posturing about no deal for domestic consumption.

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Brexit uncertainty costing the UK £600 million a week on 09:12 - Apr 3 with 815 viewsDarth_Koont

Brexit uncertainty costing the UK £600 million a week on 08:21 - Apr 3 by BanksterDebtSlave

Like ours, some European politicians are also posturing about no deal for domestic consumption.


There's an argument that they'll do better in the long-term out of no deal. Lots of business and investment would leave Britain or bypass it to be inside the bigger market.
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Brexit uncertainty costing the UK £600 million a week on 09:16 - Apr 3 with 814 viewsSwansea_Blue

Brexit uncertainty costing the UK £600 million a week on 07:19 - Apr 3 by BanksterDebtSlave

“While a ‘deal’ would certainly be positive for the UK economy, only ‘no deal’ would trigger substantial spill-over effects, with European countries being most exposed,” they added."


From what little I've seen about this, we're substantially more exposed than the other EU countries. Which seems logical although I've no idea if wholly accurate.

https://www.nytimes.com/interactive/2019/02/07/world/europe/brexit-impact-on-eur

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Brexit uncertainty costing the UK £600 million a week on 09:24 - Apr 3 with 791 viewschicoazul

Brexit uncertainty costing the UK £600 million a week on 07:08 - Apr 3 by BloomBlue

Good old Goldmans the banking experts who completely missed the biggest banking crash for 70 years was coming. Always trust a banker with financial forecasting.


Goldman did know it was coming, which is why they were so massively hedged against a lot of their clients positions from 2006 onwards. Of course they knew.

Words are a medium that reduces reality to abstraction for transmission to our reason, and in their power to corrode reality inevitably lurks the danger that the words will be corroded too. It might be more appropriate, in fact, to liken their action to excessive stomach fluids that digest and gradually eat away the stomach itself.

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Brexit uncertainty costing the UK £600 million a week on 10:00 - Apr 3 with 752 viewsBloomBlue

Brexit uncertainty costing the UK £600 million a week on 09:24 - Apr 3 by chicoazul

Goldman did know it was coming, which is why they were so massively hedged against a lot of their clients positions from 2006 onwards. Of course they knew.


Blankfein admitted afterwards they never saw it coming. So what you're saying is they lied then and did see it coming. My point precisely never trust a banker they often lie, if they can say anything however fake if it makes them a bigger bonus they will say it.
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Brexit uncertainty costing the UK £600 million a week on 11:00 - Apr 3 with 711 viewsNo9

Brexit uncertainty costing the UK £600 million a week on 09:16 - Apr 3 by Swansea_Blue

From what little I've seen about this, we're substantially more exposed than the other EU countries. Which seems logical although I've no idea if wholly accurate.

https://www.nytimes.com/interactive/2019/02/07/world/europe/brexit-impact-on-eur


The UK is more exposed because it is very reliant on EU companies for so many things
Logistics, transport, energy, fuel etc. are daily requirements the UK has supplied by EU companies & this is a situation that cannot be easily or quickly changed.

Strangely enough it is the tories that got us to this position in the first place & should have taken that into account before the referendum
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Brexit uncertainty costing the UK £600 million a week on 11:16 - Apr 3 with 701 viewschicoazul

Brexit uncertainty costing the UK £600 million a week on 10:00 - Apr 3 by BloomBlue

Blankfein admitted afterwards they never saw it coming. So what you're saying is they lied then and did see it coming. My point precisely never trust a banker they often lie, if they can say anything however fake if it makes them a bigger bonus they will say it.


So...he admitted afterwards he never saw it coming, but never trust a banker? Got it.

Here's what you do with these large financial institutions, and politicians, and indeed people in general; you look at what they do/did, not what they say/said.

Words are a medium that reduces reality to abstraction for transmission to our reason, and in their power to corrode reality inevitably lurks the danger that the words will be corroded too. It might be more appropriate, in fact, to liken their action to excessive stomach fluids that digest and gradually eat away the stomach itself.

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Brexit uncertainty costing the UK £600 million a week on 11:24 - Apr 3 with 697 viewsgazzer1999

Brexit uncertainty costing the UK £600 million a week on 06:55 - Apr 3 by Darth_Koont

This is what we're dealing with and choosing between. Basically, no-deal is insanity and far too punitive for the UK to ever have worked as a negotiating tactic. And remaining is an absolute no-brainer.

"In a no-deal Brexit, a scenario Goldman sees a 15 percent chance of, UK GDP would fall by 5.5 percent and a “substantial” global confidence shock would see sterling depreciate by 17 percent.

European countries would be most exposed to this scenario, the economists estimated, and could see output losses of around 1 percent of real GDP.

A Brexit transition deal would reverse part of Britain’s economic output lag, with limited foreign spill-overs, they said, estimating UK GDP would grow by a cumulative 1.75 percent and sterling would appreciate by 6 percent.

A scenario in which Britain remains in the EU after all would see it fully recoup Brexit-related output costs and drive a rebound in business confidence while sterling would appreciate by 10 percent."


"And remaining is an absolute no-brainer. " I think you meant remaining is for no brainers.
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