Will Brexit really be good for Britain?

Masomnia

Thrugelmir wrote: »

The issue for the UK economy is that is highly dependent on consumer spend. A slowdown therefore seems inevitable in the future. Given the squeeze on disposable income and high levels of indebtedness.

Very true. Along the lines of what Mervyn King said I think we should use a weaker pound as an opportunity to move away from an economy based on consumption to one based on production.

[Deleted User]

HAMISH_MCTAVISH wrote: »

there are fewer people in work and more people claiming unemployment benefit in the latest figures.

Fewer actual people, or fewer as a percentage?

HAMISH_MCTAVISH wrote: »

Current unemployment survey figures showed the unemployment rate stayed steady at 4.8% compared to the previous period.

So, given we have a growing population, more people are employed than the previous year.

cogito

Masomnia wrote: »

It's interesting that it's the Remainers who think the EU will aim for a destructive deal that will make their citizens poorer!

Also interesting that they want to remain part of an organisation that thinks this way. Presumably the EU want to send out a warning to other members who might contemplate leaving.

ruggedtoast

Throughout these discussions about the EU, I am just struck by this leitmotif of angry "poor me" victim-hood of the Leavers.

You would have thought that the EU was some kind of invading army that had appeared off the coast of Dover, rather than a partnership of countries of which the UK is a signatory.

But no, the UK is taking its ball and going home. Except it doesn't have a ball to take away, and it wants to continue playing in the match and using the clubhouse.

What a joke.

Masomnia

cogito wrote: »

Also interesting that they want to remain part of an organisation that thinks this way. Presumably the EU want to send out a warning to other members who might contemplate leaving.

Quite right. When you start pursuing policies of punishing others for leaving what you have is a racket, not a club! Not something I'd want to be part of. To my mind it doesn't reflect well on the EU if they do have to be seen to be punishing us for leaving - it's an admission that there is no positive reason to stay. ETA: I should add that I think they will hold constructive negotiations with us and we'll come up with a mutually beneficial deal.

I think we will go into the negotiations offering open and free trade, no tariffs, no barriers. It will then be up to the EU to decide how much they're willing to damage their own interests and those of their citizens.

HAMISH_MCTAVISH

Masomnia wrote: »

Quite right. When you start pursuing policies of punishing others for leaving what you have is a racket, not a club! Not something I'd want to be part of. To my mind it doesn't reflect well on the EU if they do have to be seen to be punishing us for leaving - it's an admission that there is no positive reason to stay. ETA: I should add that I think they will hold constructive negotiations with us and we'll come up with a mutually beneficial deal.

I think we will go into the negotiations offering open and free trade, no tariffs, no barriers. It will then be up to the EU to decide how much they're willing to damage their own interests and those of their citizens.

Oh good grief - not that twaddle again....

We pay £8bn in membership fees to be in a club. That club membership and following it's rules gives us access to the single market - from which we get around 10 times more back than the membership fees.

The EU will quite rightly tell us that we're welcome to stay in the club - if we keep to the rules and pay the fees - or we are welcome to go and find another club or play by ourselves elsewhere if we don't.

There will however be no more access to this club's facilities if we don't want to keep to the rules and pay the fees - which is right and proper.

That's not 'threats' or 'pursuing policies of punishment' or any of the other nonsensical drivel spouted by Farage and his ilk - it's simply the way clubs work.

HAMISH_MCTAVISH

Masomnia wrote: »

Very true. Along the lines of what Mervyn King said I think we should use a weaker pound as an opportunity to move away from an economy based on consumption to one based on production.

So how well did that work out when the pound devalued even more in 2009?

Oh that's right... It didn't.

parking_question_chap

HAMISH_MCTAVISH wrote: »

We pay £8bn in membership fees to be in a club. That club membership and following it's rules gives us access to the single market - from which we get around 10 times more back than the membership fees.

Oh well thats wonderful news.

Dont suppose you could break down this £80billion for us could you?

parking_question_chap

HAMISH_MCTAVISH wrote: »

No.

There are no realistic outcomes where Brexit is good for Britain.

Only varying degrees of self-harm.

The madness of dramatically worsening your trade terms with your nearest neighbour, the worlds biggest single market, that consumes 45% of what you sell, to replace it with unknown and likely nowhere near as good trade terms with distant countries on the other side of the World at some point far in the future.... will rapidly become apparent as the act of reckless foolishness it is.

We'll end up at best working twice as hard just to stand still or more likely declining rapidly with much lower standards of living ahead for us all.

They twisted the rules of admission (signed off by those titans of integrity Goldman Sachs who funded the remain campaign) to allow Greece into the club knowing full well Greece would struggle to exist together in the same structure and were clearly happy to leave Greece out to dry rather than admit the stupidity of their grandiose delusions.

How terrifying it is thatsome wanted to remain with a bunch of countries that would so coldly allow Greece to crumble into near oblivion to protect their precious little currency.

cogito

parking_question_chap wrote: »

Oh well thats wonderful news.

Dont suppose you could break down this £80billion for us could you?

Course he couldn't. I've challenged him on this repeatedly but he always ducks the question.