If we vote for Brexit what happens

Thrugelmir

mayonnaise wrote: »

Oh right. And how is this devaluation cure working after 7-ish months?

Not a cure. It's the penalty the market is imposing on the UK. In the absence of a higher level of interest rates.

The observation perhaps should be how would the economy fair at a much higher level of exchange rates.

CLAPTON

It is somewhat difficult for an honest person with integrity to relate consumer debt with brexit : a cursory look at consumer debt over the last few years shows a fairly consistent story.

similarly our balance of trade current account deficit has also told a story over the last few years.

The lessons to be learned appear to be unrelated to economics and only depend upon whether one likes to discriminate against most of the people fo the world or whether you want to embrace trade with all people

strange really.

Conrad

Herzlos wrote: »

And if there is, will you admit you were wrong?

Though even you have admitted that there may be some slowing, and that we'll lose some jobs (unless I'm mistaken, in which case I apologise). At least, almost everyone on the Brexit side seems to accept some economic pain is worth the sovereignty.

There will be some loss of business, but this will easily be outweighed by the enormous opportunity benefits.

I guess I'm not an advocate of giving up in panic at the sniff of losses or challenges.


Owen Smith is typical of Remainer sentiment - always focusing on the potential negatives, always terrified of change and challenge. I find it all a bit limp and undignified.

Conrad

mayonnaise wrote: »

You sure about that? With May in charge?

:rotfl:

Hey I wasn't a May fan, but I've come round to her.


Very proud to witness her speech last night, she really looked every inch the statesman (person), almost a School Mistress to Trump the enthusiastic but wayward pupil

kabayiri

Conrad wrote: »

Hey I wasn't a May fan, but I've come round to her.


Very proud to witness her speech last night, she really looked every inch the statesman (person), almost a School Mistress to Trump the enthusiastic but wayward pupil

When you stand May next to the likes of Corbyn; Sturgeon; or the LibDem bloke nobody can remember, you realise that we have the best person at the helm.

I could not imagine Sturgeon meeting Trump, shouting the word "renewables" every other minute. Corbyn is a pathetic joke, not even respected by his own party.

Herzlos

CLAPTON wrote: »

It is somewhat difficult for an honest person with integrity to relate consumer debt with brexit : a cursory look at consumer debt over the last few years shows a fairly consistent story.

Exactly, the trend in credit has nothing to do with Brexit, but may be sufficient to mask any downturn that may have been caused by Brexit. So it's likely not correct to say that there was has been no economic impact of Brexit so far (when we know there have been - there's been reports of job losses and price hikes blamed directly on Brexit or the GBP, which clearly changed because of Brexit).

Herzlos

Conrad wrote: »

There will be some loss of business, but this will easily be outweighed by the enormous opportunity benefits.

So you're saying that there will be some economic decline, at least in the short term until these enormous opportunity benefits start to appear?

But I presume you're not counting that when you said:

Conrad wrote: »

There will be no Brexit specific downturn.

So how long does the short term pain have to last before you admit you were wrong (if you are wrong)? Or do you reckon that they'll immediately be cancelled out and our economy won't even waver?

kabayiri

I have little doubt we face some tough times ahead, but it does feel like the politicians are waking up to the challenges we face.

Maybe Brexit will even inspire the EU to finally admit that it has failings, and address them. The migration crisis and the Euro issues don't show any signs of going away soon. They best hope political unrest doesn't follow.

Mortgagefreeman

Herzlos wrote: »

Can you produce anything to disprove his statement? That the increase in the economy is not related to the increase in debt level?

I'm not sure it's glass half empty if it happens to be true, no?

Well can you prove it? No, thought not. Unfortunately Mayo and his little Scottish mate are good at throwing around unsubstantiated allegations.Fact is that they've both been wrong about Brexit, and can't admit it.

mrginge

Herzlos wrote: »

Exactly, the trend in credit has nothing to do with Brexit, but may be sufficient to mask any downturn that may have been caused by Brexit. So it's likely not correct to say that there was has been no economic impact of Brexit so far (when we know there have been - there's been reports of job losses and price hikes blamed directly on Brexit or the GBP, which clearly changed because of Brexit).

This is a new level of desperation.