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Brexit Myths Dispelled on 13:56 - Nov 16 by blueasfook
Give my regards to the Whatsapp group guys.
The WhatsApp group disbanded since I've come back to save the day!
Hope you're keeping well mate!
Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country."
"Bank of England governor Andrew Bailey has said that the UK economy has suffered a “dramatically” worse recovery from Covid than the US and EU.
Speaking at a hearing of the Treasury Select Committee, Mr Bailey told MPs there was a “striking” difference between the economic performance of GDP post-pandemic and that of the US dollar and euro.
He said Britain’s economy was 0.7 per cent smaller than at the end of 2019, while the eurozone was 2.1 per cent higher and the US 4.2 per cent larger than their pre-pandemic levels."
There is also a forecast that the UK will have the lowest growth in 2023 of 38 leading countries. Accepts that is a forecast, but the BoEs results are not.
So given that the brexit thickos have been squeaking that the UK is suffering the same inflationary pressures as other countries what then has caused this fall. What extra factor does the UK have that others do not ? Why are the UK results so bad ?
A suggestion -
Perhaps it was not a good idea to add 4 million customs forms per week to UK exporters
Perhaps it was not a good idea to close off access to the labour needed either.
As unsurprisingly those actions have not brought about the untold riches promised, but have sent the UK into a slow downward spiral
Who would have thought that ?
That I am not sure of, but I do know 13 million plus knew the consequences of turning the UK into an inward looking and isolated country
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Brexit Myths Dispelled on 18:53 - Nov 16 with 1678 views
"UK-US TRADE DEAL IS DONE” announced the Sunday Express in August 2019. Boris Johnson was at Biarritz for his first bilateral meeting with Donald Trump and the stage was set. “A historic trade agreement between Britain and the United States is set to be signed next month,” claimed the Tory tabloid.
Three years on, all prospects of a post-Brexit trade deal between Britain and the US are dead. Even the talks needed to begin the process will not begin “for years”, Liz Truss admitted as she flew into New York for the UN General Assembly. The Prime Minister told journalists: “There aren’t currently any negotiations taking place with the US and I don’t have an expectation that those are going to start in the short to medium term.”
Worth a read as it explains why the brexit lies were lies, and why we are where we are now is not an aberration. It is the inevitable consequence of leaving the biggest and most valuable trading group on the globe.
The reality of the UK of having completed only one trade deal (Japan) is not solely down to the ineptness of Truss either. It is that as a country of 60 million odd, we no longer have the same clout as that of a 450 million EU.
Today's admission by Sunak confirming that no US trade deal is likely, as he did with India, merely adds to the reality of the lies of '40 news deals on day one' and 'the easiest deal in history'.
The now sorry sight of the UK trailing round the globe cap in hand, either being unable to strike anything new, or being turned over by the likes of NZ and Aus (neither yet ratified) is a fitting reminder of the sordid deception put out by Farage, Rees-Mogg, Johnson, IDS and the rest of the squalid cabal of Brexit liars
[Post edited 16 Nov 2022 19:05]
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Brexit Myths Dispelled on 19:41 - Nov 16 with 1677 views
What am I missing here? Even with a revision the figures are broadly similar. Is this one of those winning the Internet things?
I would be more inclined to believe the Bank of England's Governor when he says:
"It’s a dramatic difference,” he said. Asked whether Brexit was contributing to the country’s underperformance, he said that “there is an effect” from leaving the EU, including a “long-run downshift” in the level of productivity.
“It’s not [an impact] we’ve been surprised by. As a public official I’m neutral on Brexit per se, but I’m not neutral in saying these are what we think are the most likely economic effects of it,”
Brexit Myths Dispelled on 20:34 - Nov 16 by Nthsuffolkblue
I would be more inclined to believe the Bank of England's Governor when he says:
"It’s a dramatic difference,” he said. Asked whether Brexit was contributing to the country’s underperformance, he said that “there is an effect” from leaving the EU, including a “long-run downshift” in the level of productivity.
“It’s not [an impact] we’ve been surprised by. As a public official I’m neutral on Brexit per se, but I’m not neutral in saying these are what we think are the most likely economic effects of it,”
But apart from the loss of £trillions, prestige, standards, morals, human rights and trading relations, while polarising the nation, risking the Union & GFA, breaking international law and leaving a sizeable debt for our great-grandchildren and crashing our economy...
What has Brexit ever done for us?
[Post edited 16 Nov 2022 20:57]
Don't believe a word I say. I'm only kidding. Or am I?
Brexit Myths Dispelled on 20:34 - Nov 16 by Nthsuffolkblue
I would be more inclined to believe the Bank of England's Governor when he says:
"It’s a dramatic difference,” he said. Asked whether Brexit was contributing to the country’s underperformance, he said that “there is an effect” from leaving the EU, including a “long-run downshift” in the level of productivity.
“It’s not [an impact] we’ve been surprised by. As a public official I’m neutral on Brexit per se, but I’m not neutral in saying these are what we think are the most likely economic effects of it,”
GDP was the specific point he was referring to. But with a much lower growth in GDP, we should have a much lower rate of inflation, shouldn't we? Instead, we have a significantly higher one. It is almost like it is a double whammy.
Brexit Myths Dispelled on 21:23 - Nov 16 by Nthsuffolkblue
GDP was the specific point he was referring to. But with a much lower growth in GDP, we should have a much lower rate of inflation, shouldn't we? Instead, we have a significantly higher one. It is almost like it is a double whammy.
There’s the additional factor of government funding cuts at a time when the economy is already shrinking. A little infrastructure spending would be a nice economic boost creating jobs and assets on the balance sheet. Economics 101.
However ideology means they are following the same austerity/ printing money route that’s led to a zombie economy Since 2008. Obviously we are sitting on a shed load of debt (of their own making) but the bond markets freaked out because of the unfunded tax cuts for a tiny number of people which had no credibility in terms of boosting growth. Borrowing to invest in national infrastructure would probably not have caused the markets to react in the same way.
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Brexit Myths Dispelled on 21:43 - Nov 16 with 1560 views
There’s the additional factor of government funding cuts at a time when the economy is already shrinking. A little infrastructure spending would be a nice economic boost creating jobs and assets on the balance sheet. Economics 101.
However ideology means they are following the same austerity/ printing money route that’s led to a zombie economy Since 2008. Obviously we are sitting on a shed load of debt (of their own making) but the bond markets freaked out because of the unfunded tax cuts for a tiny number of people which had no credibility in terms of boosting growth. Borrowing to invest in national infrastructure would probably not have caused the markets to react in the same way.
One could argue that it may well have had the opposite effect on bond markets.
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