| Treasury forecast on Brexit out today 09:15 - Nov 28 with 664 views | Pinewoodblue |
Before anyone posts "We're doomed" read this
PROJECT FEAR 2
Even the Rabidly Europhile Financial Times is highly sceptical about the recent Treasury forecast.
"Are the Treasury’s methods convincing?
No. There appears to be a lot of reverse engineering going on. Politics required lost jobs, a recession and lower house prices and officials chose methods that delivered that outcome – just."
They also say that the Treasury refuse to disclose error bands. Just like the 2016 forecasts, now discredited.
https://www.ft.com/content/d05c4b60-20d8-11e6-9d4d-c11776a5124d?fbclid=IwAR2_1Zr [Post edited 28 Nov 2018 9:15]
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| Treasury forecast on Brexit out today on 09:29 - Nov 28 with 646 views | Steve_M |
And then one reads on:
So should I take any notice of this report?
A vote to quit the EU would almost certainly be a nasty economic shock, so you should not dismiss the conclusions – but you should remain very sceptical about the report’s details. Charlie Bean, the highly respected former deputy governor of the BoE, alludes to this in his assessment that “there are many uncertainties” but the estimates are still “reasonable”.
Put bluntly, the Treasury has made up the numbers but not exaggerated wildly.
It's a long way from the sunlit uplands that pro-leave politicians were promising. |  |
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| Treasury forecast on Brexit out today on 09:44 - Nov 28 with 610 views | Darth_Koont |
| Treasury forecast on Brexit out today on 09:29 - Nov 28 by Steve_M |
And then one reads on:
So should I take any notice of this report?
A vote to quit the EU would almost certainly be a nasty economic shock, so you should not dismiss the conclusions – but you should remain very sceptical about the report’s details. Charlie Bean, the highly respected former deputy governor of the BoE, alludes to this in his assessment that “there are many uncertainties” but the estimates are still “reasonable”.
Put bluntly, the Treasury has made up the numbers but not exaggerated wildly.
It's a long way from the sunlit uplands that pro-leave politicians were promising. |
Indeed. At least while they're guesstimates, the detail here is on the right side of the positive/negative divide.
The Brexiteers' vision may be a world of possibilities ... but those possibilities are negative not positive and the reality is much more restrictive and punitive. |  |
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| Treasury forecast on Brexit out today on 09:46 - Nov 28 with 595 views | footers |
Funny, I thought Project Fear was the last 30 years of tabloid scaremongering about immigration.
Where are the forecasts for glorious Brexit Britain? How much, in pounds, shilling and pence, will we get from leaving? Or is it just a load of jingoistic nonsense that's already cost us billions? |  |
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