If we vote for Brexit what happens

michaels

I notice the IMF say brexit will only cost 1.6% of GDP by 2020 and of course less than that in gdp/head terms.

Rinoa

gfplux wrote: »

Any fool can negotiate but it's takes experience and skill to negotiate a good deal on behalf of your Country. A quick deal is not always, if ever, a good deal.

How do you know Chile hasn't negotiated good trade deals?

After 50+ years the EU still has no trade deal with the US, China and India. That's what happens when you aren't willing to compromise and have to satisfy the whims of 28 differing countries who all have a veto.

Rinoa

gfplux wrote: »

Is that your guess or do you have facts to convince us.
However it does not matter as this is non of our business.
We have the pound. Let's concentrate on that.

gfplux wrote: »

The press release you link to is all about closer financial union of the country's using the Euro. Therefore of no interest and of no threat to Britain.
Living in one of those Euro country's I am very happy with the Euro and the convenience of having the same currency in many countries. Britain does not use the Euro as currency so any discussion about it is non of our business.
We need to concentrate on our business.

The Euro will be our business when it has reduced the EU to an economic wasteland.

Kohoutek

michaels wrote: »

I notice the IMF say brexit will only cost 1.6% of GDP by 2020 and of course less than that in gdp/head terms.

That is not what the IMF has said.

It has said that under a "limited uncertainty" scenario, where the UK retains access to the EU single market under an agreement like Norway has (which includes freedom of movement of people), then it estimates GDP will fall by 1.4% by 2019.

It has said that in the scenario where the UK does not retain access to the single market, then it estimates GDP will fall by 5.6% by 2019.

It calls both scenarios a "substantial negative effect".

http://www.imf.org/external/pubs/ft/survey/so/2016/CAR061716A.htm

Rinoa

This is all you need to know about the IMF.

A year ago Oliver Blanchard, the IMF’s chief economist, warned Mr Osborne was “playing with fire” with austerity and downgraded Britain’s growth forecast to just 0.7 per cent for 2013. Instead, it grew by 1.7 per cent, and is expected to hit 2.7 per cent this year.
“We got it wrong,” Ms Lagarde told the Andrew Marr Show. “We acknowledged it. Clearly the confidence building that has resulted from the economic policies adopted by the government has surprised many of us.”

http://www.telegraph.co.uk/news/politics/10884632/Do-I-have-to-go-on-my-knees-grovelling-apology-from-IMF-head-for-incorrect-warnings-on-UK-economy.html

Generali

Rinoa wrote: »

This is all you need to know about the IMF.



http://www.telegraph.co.uk/news/politics/10884632/Do-I-have-to-go-on-my-knees-grovelling-apology-from-IMF-head-for-incorrect-warnings-on-UK-economy.html

Who is going to score the winner in the Euro 2024 third place playoff?

What will the maximum temperature be in Cairo on June 27th 2019?

What will the Xmas number one be next year?

Predictions are hard, especially about the future.

michaels

gfplux wrote: »

Is that your guess or do you have facts to convince us.
However it does not matter as this is non of our business.
We have the pound. Let's concentrate on that.

Really - so the performance of the Euro economies will have no impact EU migration to the UK? Dream on.

mrginge

gfplux wrote: »

The press release you link to is all about closer financial union of the country's using the Euro. Therefore of no interest and of no threat to Britain.
Living in one of those Euro country's I am very happy with the Euro and the convenience of having the same currency in many countries. Britain does not use the Euro as currency so any discussion about it is non of our business.
We need to concentrate on our business.

Typical little englander attitude.

Thrugelmir

mrginge wrote: »

Typical little englander attitude.

Inform us more. What's a "Typical little englander "?

Rinoa

Generali wrote: »

Who is going to score the winner in the Euro 2024 third place playoff?

What will the maximum temperature be in Cairo on June 27th 2019?

What will the Xmas number one be next year?

Geoff Hurst

minus 13C

Chirpy Chirpy Cheep Cheep


Just contacted the IMF and those were their answers.