If we vote for Brexit what happens

Conrad

gfplux wrote: »

Britain has been on the Brexit road for 11 months. It is clear that Britain is making a mistake. ]

I'm looking forward to the change and innovations that flow from Brexit, exciting stuff.

Conrad

A_Medium_Size_Jock wrote: »

Indeed the EU's own Lisbon Treaty says that neighbouring countries must be treated fairly and allowed to prosper.
Article 8: "The Union shall develop a special relationship with neighbouring countries, aiming to establish an area of prosperity and good neighbourliness founded on the values of the Union and characterised by close and peaceful relations based on cooperation."

http://www.lisbon-treaty.org/wcm/the-lisbon-treaty/

Leavers here have posted that a number of times, so far it's not sunk in. Let's post it another dozen times, one day it might just make an impression.

Ballard

I read today that London and the South East subsidise the rest of the UK to the tune of just over £3,000 per head per year. That's not a surprise and it's only right that the wealth is spread around but it does show the idiocy of those (remarkably there are some) who say that we can afford to lose the international banks. Quite incredibly some people are actually hoping that the banks leave.

Obviously the wealth in London isn't solely the banks but they are a major part of it, whatever some people will have you believe.

mayonnaise

kabayiri wrote: »

Well, as PM, which group are you prepared to upset most?
- Remainers, or
- Leavers

With the former containing most - if not all - voices from industry, science, education, manufacturing, arts, finance, etc... (i.e. the wealth generators in this country), the choice should be clear, yes.

vivatifosi

Ballard wrote: »

I read today that London and the South East subsidise the rest of the UK to the tune of just over £3,000 per head per year. That's not a surprise and it's only right that the wealth is spread around but it does show the idiocy of those (remarkably there are some) who say that we can afford to lose the international banks. Quite incredibly some people are actually hoping that the banks leave.

Obviously the wealth in London isn't solely the banks but they are a major part of it, whatever some people will have you believe.

Do you have a source for that please? I live in Hertfordshire, which is in the East rather than South East of England region. I'm pretty sure that we as a region don't need supporting and thought that we also produced a surplus, though granted haven't seen the latest figures.

I also thought historically the South West and Scotland were pretty self-sufficient in GDP terms, but could be wrong.

I agree that banks are a critical component of the economy though.

Tromking

Thrugelmir wrote: »

Hardly slashed. Was Brown that created the bloated public sector and welfare state. On the basis of the abolishment of boom and bust. Nor were his fiscal plans prudent. If they were the UK wouldn't be in this predicament now. Austerity is therefore a natural consequence. Tough but fair for everyone.

We digress, but the word 'bloated' is unduly emotive on your part IMO.
A bigger or smaller public sector is a political choice, Governments get to decide what they spend our money on (obviously!). One person's bloated public service is another's 'appropriately staffed to get the job done' public service. One could just as easily say that the billions spent on the UK's foreign aid budget was an example of "bloated" Whitehall largesse, it isn't described by the Government that way because they've made the political choice to fund that part of state spending.
Early days I know, but who's to say that the UK`s 19000 fewer Police Officers since 2010 had a direct effect on the ability of the Police to deal with the events of Monday in Manchester.

Ballard

vivatifosi wrote: »

Do you have a source for that please? I live in Hertfordshire, which is in the East rather than South East of England region. I'm pretty sure that we as a region don't need supporting and thought that we also produced a surplus, though granted haven't seen the latest figures.

I also thought historically the South West and Scotland were pretty self-sufficient in GDP terms, but could be wrong.

I agree that banks are a critical component of the economy though.

https://www.ft.com/content/6ebd5350-3f8f-11e7-9d56-25f963e998b2

https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less

Indeed the east does have a modest surplus.

Tromking

Ballard wrote: »

https://www.ft.com/content/6ebd5350-3f8f-11e7-9d56-25f963e998b2

https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less

This comment from the Guardian article, is about right and might explain the strong leave vote in certain 'provincial' areas of the UK.

"So, starve the rest of the country of investment, in favour of London, and then tell the rest of the country that London is supporting the already impoverished ?

Yes, I can see how that might work."

vivatifosi

Ballard wrote: »

https://www.ft.com/content/6ebd5350-3f8f-11e7-9d56-25f963e998b2

https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less

Indeed the east does have a modest surplus.

Thanks, that's interesting. It's useful too see it laid out like that. I think if you look at the output by region then the figures are as I described, but historically those numbers haven't also shown the money given back.

The numbers for Scotland are particularly interesting. I wonder if that reflects he generosity of the Barnett Formula.

ETA... the numbers I was referring to are for GVA per capita. Linking to Wikipedia as having problems linking directly to a government PDF:

https://en.m.wikipedia.org/wiki/Countries_of_the_United_Kingdom_by_GVA_per_capita

Conrad

If Corbyn were to win the GE the economy will go into one long dark contraction so the whole nation will suffer aside from those dependent on the State. At this time of shortage, things will be compounded by Corbyn acting as a green light to the worlds poor to come here, attracted to his new free houses.

So many young people I know now start with £3-400k mortgages. Rising interest rates will cripple them, we'll have the highest repossession rate in history.