REMAINERS -there is no recession

Pincher

tomthered wrote: »

Hitler had the same idea, its called genocide

It's called Logan's Run.

http://www.imdb.com/title/tt0074812/

jimjames

Ashen wrote: »

As I previously said, the major issues will come up after Article 50 is invoked, not before, which makes all these arguments over predictions rather silly.

And if we get to towards the end of 2 years from being invoked with no agreement in place I can imagine there being some pretty wild swings in the markets as well as other possible effects. The impact of enforced exit at 2 years isn't likely to be in our benefit.

Malthusian

Ashen wrote: »

It's a little bit odd to question the lack of an emergency budget, without taking into account the rather large omission of the invoking of Article 50.

No it isn't. The Emergency Budget was to immediately follow a Leave vote and would be required to stem the "black hole" in the Government's finances caused by catastrophic recession, business withdrawing from the UK en masse, stockmarket collapse, etc etc, and consequent loss of tax revenue. No-one expected Article 50 to be triggered instantly and there was no suggestion by Osborne that the Emergency Budget would follow the trigger of Article 50 rather than a Leave result.

Phillip Hammond has now ruled out an Emergency Budget, so not even the Government shares your belief that the Emergency Budget was to follow Article 50 rather than a Leave result. (For it to follow Article 50 would be absurd - this implies that businesses would wait for Article 50 would be invoked before withdrawing from the UK and causing catastrophic recession etc, despite the fact that everyone in both camps agrees that it's a done deal and Article 50 is a when and not an if.)

Brexiteers have been remarkably magnanimous about this blatant lie by Remain given the amount of time Remain still spends banging on about the "Let's fund the NHS instead" bus.

JohnRo

When is article 50 being invoked then?

talexuser

We haven't had an emergency budget but we have had a 0.25% base rate, which can hardly be described as getting back to normal.

Ashen

Malthusian wrote: »

No it isn't. The Emergency Budget was to immediately follow a Leave vote

Err... as I said, Article 50 was also supposed to immediately follow a Leave vote, as was indicated prior to the referendum result. Saying that "no one expected" it would be rather short of the truth.

Malthusian wrote: »

(For it to follow Article 50 would be absurd - this implies that businesses would wait for Article 50 would be invoked before withdrawing from the UK and causing catastrophic recession etc, despite the fact that everyone in both camps agrees that it's a done deal and Article 50 is a when and not an if.)

Yeah! It's *such* a ridiculous idea that a business might want to see what the likely outcome of a hugely complex negotiation is (with the possibility of vastly different outcomes) before they take major action!

That's sarcasm, BTW. Just in case.

eskbanker

Ashen wrote: »

Yeah! It's *such* a ridiculous idea that a business might want to see what the likely outcome of a hugely complex negotiation is (with the possibility of vastly different outcomes) before they take major action!

As pointed out on this and other threads, those voting in the referendum also didn't know which of the various Brexit outcomes would be achievable/relevant either but still went ahead and voted anyway! Just saying....

Ashen

Yes, which is why a referendum on it was such an awful idea - people were voting for a huge unknown. We still don't know what that unknown will be.

I don't think our government even know what they want that unknown to be, short of some hypothetical dream scenario.

fireblade28

Erm no because we didn't leave yet.

Wait until next year.

veryintrigued

jimjames wrote: »

... I can imagine....

There's a lot of that nonsense going on....