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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. 12:11 - Oct 20 with 1711 viewsWeWereZombies

https://www.bbc.co.uk/news/articles/cy0ypx859x8o

'in her remarks at a key international economic committee at the International Monetary Fund...the chancellor told the world's leading finance ministers and central bankers: "The UK's productivity challenge has been compounded by the way in which the UK left the European Union."

She quoted the Office for Budget Responsibility's calculation of a 4% long-term hit relative to remaining in the EU, and said the UK "acknowledges this" in seeking stronger trade ties. The issue is sensitive right now with government deciding on negotiating positions for the Brexit "reset" including scrapping most post-Brexit checks on food and farm trade, and helping UK manufacturers join consortia to bid for Europe's surging defence budgets.'
[Post edited 20 Oct 12:12]

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:30 - Oct 20 with 464 viewsMattinLondon

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:03 - Oct 20 by OldFart71

I think you will find that around 54% voted to leave the EU. Nobody can positively say Brexit was bad or good. Except Reeves perhaps and she's the great oracle who worked for the BoE for 10 years. Even she doesn't know the difference between five and a half and ten.
One of the main reasons people like teflon Tony wanted to stay in the EU was because it was in his own interests. Blair never did anything that wasn't able to fill his pockets,
Now we are left with yet another Labour government who think tax and spend is the way forward whilst crippling people and companies.
Maybe you "Have found them lads" . You have your opinion and I have mine. Nothing wrong with that. Except certain factions within the UK seem to think that anyone having a different opinion to themselves has some sort of a problem.


People are allowed to have opinions and can believe what they want. All this ‘anyone having a different opinion to themselves has some sort of a problem’ type of attitude is pathetic and is basically victimhood.

Collectively the country voted to leave the EU - the majority who bothered to vote demanded that - and so we did.

Now, people can say that they were glad to have left and people are free to say that they wouldn’t want the country to rejoin. But, what you shouldn’t say is that no one can positively conclude that Brexit hasn’t been an economic disaster. It’s wiped billions off the economy and will continue to do so.

If you’re happy with that, then that’s perfectly ok. But your vote (and I take it that you voted to leave) has cost the UK billions. Take responsibility for that.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:31 - Oct 20 with 454 viewsWeWereZombies

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:03 - Oct 20 by OldFart71

I think you will find that around 54% voted to leave the EU. Nobody can positively say Brexit was bad or good. Except Reeves perhaps and she's the great oracle who worked for the BoE for 10 years. Even she doesn't know the difference between five and a half and ten.
One of the main reasons people like teflon Tony wanted to stay in the EU was because it was in his own interests. Blair never did anything that wasn't able to fill his pockets,
Now we are left with yet another Labour government who think tax and spend is the way forward whilst crippling people and companies.
Maybe you "Have found them lads" . You have your opinion and I have mine. Nothing wrong with that. Except certain factions within the UK seem to think that anyone having a different opinion to themselves has some sort of a problem.


It boiled down to less than 38% voting for Brexit and around 36% against, the remaining 26% not bothering to vote. That's just the people entitled to vote, as a percentage of the entire population is was around a quarter and many of those excluded from voting were likely to be the ones most affected as they had the most lifespan remaining. It was a travesty on Cameron's part not to set a required two thirds or three quarters majority for such an important referendum. But it's all water under the bridge now, the mistake has been made and those of us still alive have to live with the consequences.

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 15:15 - Oct 20 with 397 viewsbluelagos

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:31 - Oct 20 by WeWereZombies

It boiled down to less than 38% voting for Brexit and around 36% against, the remaining 26% not bothering to vote. That's just the people entitled to vote, as a percentage of the entire population is was around a quarter and many of those excluded from voting were likely to be the ones most affected as they had the most lifespan remaining. It was a travesty on Cameron's part not to set a required two thirds or three quarters majority for such an important referendum. But it's all water under the bridge now, the mistake has been made and those of us still alive have to live with the consequences.


Danny Dyer summed it up best


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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 15:25 - Oct 20 with 382 viewsbluelagos

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:18 - Oct 20 by Whos_blue

We've asked this a dozen times before but might as well ask it again as it has been brought up.
Can anyone here, even the most ardent brexiteers, state one thing that is better in the UK since we left the EU?
Just one?
I won't throw it back as I'm genuinely interested if I'm missing something.


If say, for example, you liked to ride a motorbike in Europe and weren't so keen on picking up fines from static speed cameras, then this could theoretically be seen as a Brexit benefit.

"Since 1 January 2021, UK drivers can no longer receive fines via the post for minor traffic offences committed in the EU countries"

"Before the UK left the EU, the cross-border Directive for road safety-related traffic offences provided for Member States to be able to request access to data relating to vehicles and their registered keepers."

https://www.autoexpress.co.uk/news/366859/drivers-face-crackdown-unpaid-european

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 15:45 - Oct 20 with 341 viewsvapour_trail

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 15:15 - Oct 20 by bluelagos

Danny Dyer summed it up best



Love that clip and the reactions of everyone else in the room.

Grovelling shitebag Piers Morgan, I think you're referring to the former prime minister

Trailing vapour since 1999.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:11 - Oct 20 with 290 viewsLeoMuff

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:03 - Oct 20 by OldFart71

I think you will find that around 54% voted to leave the EU. Nobody can positively say Brexit was bad or good. Except Reeves perhaps and she's the great oracle who worked for the BoE for 10 years. Even she doesn't know the difference between five and a half and ten.
One of the main reasons people like teflon Tony wanted to stay in the EU was because it was in his own interests. Blair never did anything that wasn't able to fill his pockets,
Now we are left with yet another Labour government who think tax and spend is the way forward whilst crippling people and companies.
Maybe you "Have found them lads" . You have your opinion and I have mine. Nothing wrong with that. Except certain factions within the UK seem to think that anyone having a different opinion to themselves has some sort of a problem.


Oh Lordy, he actually believes that leaving the EU could be good ?? Some people should just not be allowed a vote.

Let me guess, would still vote to leave if asked today ? Even though on every metric partial or impartial says it was a terrible terrible decision.

The only Muff in Town.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:34 - Oct 20 with 266 viewsleitrimblue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 15:25 - Oct 20 by bluelagos

If say, for example, you liked to ride a motorbike in Europe and weren't so keen on picking up fines from static speed cameras, then this could theoretically be seen as a Brexit benefit.

"Since 1 January 2021, UK drivers can no longer receive fines via the post for minor traffic offences committed in the EU countries"

"Before the UK left the EU, the cross-border Directive for road safety-related traffic offences provided for Member States to be able to request access to data relating to vehicles and their registered keepers."

https://www.autoexpress.co.uk/news/366859/drivers-face-crackdown-unpaid-european


Wonder if there something similar going on here with speeding tickets in the North?

Live in Ireland, but close to border with the North, so often driving in the North. Passed an unexpected speed camera at some speed in Fermanagh almost 2 months ago.

Been waiting for fine or something but nothing as arrived.

Brexit bonus?
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:42 - Oct 20 with 256 viewsPinewoodblue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:11 - Oct 20 by LeoMuff

Oh Lordy, he actually believes that leaving the EU could be good ?? Some people should just not be allowed a vote.

Let me guess, would still vote to leave if asked today ? Even though on every metric partial or impartial says it was a terrible terrible decision.


I don’t think anyone should lose the right to vote just because others don’t like their opinion.

I firmly believe that elections or referendum are lost rather than won. Looking back the remain campaign was flawed. It should have required a super majority, say 55% of the vote, to change the status quo.

Labour could also have contributed a lot more to the debate but presumably they feared supporting a Tory proposal would harm them in the polls, much as it did in Scotland with the independence referendum.

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:43 - Oct 20 with 256 viewsmellowblue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:11 - Oct 20 by LeoMuff

Oh Lordy, he actually believes that leaving the EU could be good ?? Some people should just not be allowed a vote.

Let me guess, would still vote to leave if asked today ? Even though on every metric partial or impartial says it was a terrible terrible decision.


wow, that's a rather fascist solution. Deny a vote to those you disagree with.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 17:04 - Oct 20 with 219 viewsLeoMuff

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:43 - Oct 20 by mellowblue

wow, that's a rather fascist solution. Deny a vote to those you disagree with.


Agreed, probably a step too far, but when it’s been categorically proven we are worse off in every way, it’s hugely frustrating that people would still pick that option.

The only Muff in Town.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 18:42 - Oct 20 with 162 viewsMattinLondon

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 16:43 - Oct 20 by mellowblue

wow, that's a rather fascist solution. Deny a vote to those you disagree with.


He didn’t actually say that he would deny them a vote. He said that they “should” according to his opinion which doesn’t necessarily mean that he would.

I should do more to help the planet - doesn’t mean that I actually will, just means that I acknowledge that I should do more.
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 18:46 - Oct 20 with 157 viewsEverydayblue

You lost me at "Reeves thinks"..
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 19:38 - Oct 20 with 125 viewsmellowblue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 18:42 - Oct 20 by MattinLondon

He didn’t actually say that he would deny them a vote. He said that they “should” according to his opinion which doesn’t necessarily mean that he would.

I should do more to help the planet - doesn’t mean that I actually will, just means that I acknowledge that I should do more.


shoulda, woulda, coulda !!
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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 20:53 - Oct 20 with 87 viewsRyorry

Watching Panorama right now on Labour's current house-building pledge & the considerable obstacles in the way of achieving it, one of those being how the price of everything associated with new builds (& renovations of older ones) has massively shot up in the past 5 years - from bricks & timber to electrical components. Also a massive shortage of skilled workers

Of course Brexsh1t isn't the only thing causing that, but it's certainly a big factor. Wonder how many of those badly affected by unaffordable housing costs voted 'Leave'.

So many UK voters are completely politically lazy, apathetic, uninformed, ill-informed, gullible - take your pick and mix. Anyone who could be bothered & had more than a handful of braincells to rub together could have seen after 10 minutes' investigation & thought that Tories were in it to keep their party together, in power & £££££££ in their private pockets via de-regulation once the EU weren't there to keep them in check.

The right to vote should also bring responsibility in voting. Education, education, education - including critical reading & thinking being mandatory on all school curriculae.

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 21:20 - Oct 20 with 69 viewsSwansea_Blue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 14:03 - Oct 20 by OldFart71

I think you will find that around 54% voted to leave the EU. Nobody can positively say Brexit was bad or good. Except Reeves perhaps and she's the great oracle who worked for the BoE for 10 years. Even she doesn't know the difference between five and a half and ten.
One of the main reasons people like teflon Tony wanted to stay in the EU was because it was in his own interests. Blair never did anything that wasn't able to fill his pockets,
Now we are left with yet another Labour government who think tax and spend is the way forward whilst crippling people and companies.
Maybe you "Have found them lads" . You have your opinion and I have mine. Nothing wrong with that. Except certain factions within the UK seem to think that anyone having a different opinion to themselves has some sort of a problem.


*sighs*

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 21:37 - Oct 20 with 55 viewsSwansea_Blue

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 20:53 - Oct 20 by Ryorry

Watching Panorama right now on Labour's current house-building pledge & the considerable obstacles in the way of achieving it, one of those being how the price of everything associated with new builds (& renovations of older ones) has massively shot up in the past 5 years - from bricks & timber to electrical components. Also a massive shortage of skilled workers

Of course Brexsh1t isn't the only thing causing that, but it's certainly a big factor. Wonder how many of those badly affected by unaffordable housing costs voted 'Leave'.

So many UK voters are completely politically lazy, apathetic, uninformed, ill-informed, gullible - take your pick and mix. Anyone who could be bothered & had more than a handful of braincells to rub together could have seen after 10 minutes' investigation & thought that Tories were in it to keep their party together, in power & £££££££ in their private pockets via de-regulation once the EU weren't there to keep them in check.

The right to vote should also bring responsibility in voting. Education, education, education - including critical reading & thinking being mandatory on all school curriculae.


I hope panorama are digging into how much in thrall to the developers Labour are at the expense of other stakeholders.

There have been a few Gurniad articles around it lately.

https://www.theguardian.com/environment/2025/oct/19/developers-encroach-on-2000-

A couple of opinion pieces:
https://www.theguardian.com/commentisfree/2025/oct/15/labour-housing-memo-leak-s
https://www.theguardian.com/commentisfree/2025/oct/16/labour-england-nature-hous

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The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 23:39 - Oct 20 with 13 viewseirannach_gorm

The Brexit effect, is it really a 4% hit to our economy ? Reeves thinks so. on 12:25 - Oct 20 by OldFart71

Reeves thinks an economy growing at 0.01% means we have a strong growth, Reeves said we had a £22 billion black hole when the Labour came to power, left by the Tories who had a banking collapse, a pandemic and the war in the Ukraine. Now it's between £30 and £40 billion so nearly doubled in 14 months.
Reeves said the Winter Fuel payment could be reintroduced because Labour had stabilized the economy, nothing to do with an uproar by Labours backbenchers.
Brexit hasn't worked because Cameron thought the vote would be to stay in the EU but with Boris making out that the NHS would have millions more to spend the vote went for leaving.
Because so many Tory and Labour ministers/Mp's didn't want Brexit it was doomed to relative failure because the things that should have happened to make it a success didn't happen.
Anyone who thinks we are worse off needs to look at lame duck Europe where our growth whilst abysmal is better than most of Europe.


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