BREXIT - Why?

bigadaj

typistretired wrote: »

Received my leaflet from the government today recommending staying and I see Martin Lewis is one of those putting his two penny worth in.

Yes but he claims he's being misquoted and isn't very happy about it.

Daz2009

bigadaj wrote: »

Yes but he claims he's being misquoted and isn't very happy about it.

No,he doesn't claim that at all.He says the quote is correct but he hadn't given his permission for his name to be used

OldBeanz

So he is not putting his two penny worth in at this time.
However he does say there are very few facts:
"What people keep asking me is what are the facts if we leave – there are very few – so I want to go through what we know and what we don’t know. I won’t aim at changing anyone’s mind who has already decided, more the piece will be a simple route to help give the undecided the tools to see what is right for them."
You need to read the whole article by M which as subscribers to this site we all undoubtedly did.
There is certainly more to leaving than just the economic position.

uk1

Stop traipsing down the up escalator: leaving would let Britain grow | The Sunday Times - an interesting article in todays Sunday Times.

http://www.thetimes.co.uk/article/stop-traipsing-down-the-up-escalator-leaving-would-let-britaingrow-7zxg9tvl2?shareToken=cd2ce8706ffbca53d666ef47ba0941aa


Jeff

bigfreddiel

Look at it like this, you are in a group with twenty neighbours and they all get to tell you how and what you can do to your property that you own

Would you be happy with that?

fj

bigfreddiel

So if we leave the uk will be in recession for a year.

Did I imagine all those recessions while we were in the EU?

fj

jimjames

typistretired wrote: »

Received my leaflet from the government today recommending staying and I see Martin Lewis is one of those putting his two penny worth in.

What did he say?

jimjames

bigfreddiel wrote: »

So if we leave the uk will be in recession for a year.

Did I imagine all those recessions while we were in the EU?

fj

Probably not. But they weren't created by specific, known actions. How can the disruption & unknowns from leaving do anything other than negatively impact the economy short term. Long term it could go either way but short term is has to lower growth.

BucksLady

jimjames wrote: »

How can the disruption & unknowns from leaving do anything other than negatively impact the economy short term. Long term it could go either way but short term is has to lower growth.

That depends upon whether you believe that leaving would create the chaos which so many envisage. Personally, I don't buy into the mayhem theory.

bowlhead99

BucksLady wrote: »

jimjames wrote: »

How can the disruption & unknowns from leaving do anything other than negatively impact the economy short term. Long term it could go either way but short term is has to lower growth.

That depends upon whether you believe that leaving would create the chaos which so many envisage. Personally, I don't buy into the mayhem theory.

Imagine you are a business or investor from overseas deciding whether to establish or maintain production capacity or major facilities in the UK, which is going to need investment of a few (or few hundred) million.

All of a sudden the electorate decide they want to get out of the market of 500m customers and employees to which you'd have access today. And the timescale for replacing the current status quo is unknown but the final implications for your business plan in terms of tariffs /import costs and access to people and markets won't be finalised for a couple of years.

Do you blindly invest your money anyway in the hope that it all works out fine and simply write "unknown" in key parts of the business plan? Or do you stick the factory in somewhere like Poland instead where you'll be pretty certain that you have access to the markets.

If you're wondering where in Europe to build a new Nissan or something, it would be a bit of a blind leap of faith to stick another factory in the North East of England when you don't even know what trade rules, tariffs or regulations will be in place once England is no longer politically or economically part of Europe. So, while patriots will say England is great, doesn't matter if we are in or out because we'll always be awesome - most commercial decisions are driven by more than blind patriotism.