Brexit, the economy and house prices part 5

Thrugelmir

tracey3596 wrote: »

Of course, these OBR forecasts are always SO accurate.

GDP is only one measure of many. Arguably not the most important.

System

LHW99 wrote: »

So how have medical companies coped with selling into the US, who require FDA regulations to be satisfied for medicines / medical devices, rather than EU rules?
Having a Quango to put in regulations in is fine, but these then need to be enforced, and that didn't seem to happen in the case of the PIP implants, the J+J metal on metal hip replacement etc.

The FDA approval process to a large degree is very similar to the EU's. They both allow government bodies in third countries to certify that the supplier/ product meets requirements. Whoever is doing the certifying will be subject to inspection from the FDA, EU to ensure that the certification can be trusted. The EU (I assume the FDA too) will also spot check individual suppliers.

Each consignment will be accompanied by further evidence of compliance. i.e. test results etc.

Things still go wrong but they're generally exceptions rather than evidence of the system itself being inadequate.

LHW99 wrote: »

Arguably these days the regulation needs to be global, not country or even continent wide, so the opportunity should be there after Brexit to create a system that can help companies understand their obligations for all medcal drugs and appliances in every area of the world they wish to market into, rather than having to look things up individually for each product type / administration.

Brexit is a step away from global regulation. As well as FDA, EU et al product regulation we now have potential for UK product regulation too.

If people aren't happy with EU regulation it seems unlikely they're going to be particularly enamored of global regulation.

System

tracey3596 wrote: »

Of course, these OBR forecasts are always SO accurate.
https://www.theguardian.com/business/2012/oct/16/obr-poor-forecasting-record-office-budget-responsibility

I'll add them to the list of sources you won't be able to use to support your arguments in the future. Or are they only credible when they say something you agree with - like PWC?

I would've thought the OBR forecasting growth of 1.5% for 2017 has a half decent chance of being correct - it is the 22nd November after all.

tracey3596

ilovehouses wrote: »

I'll add them to the list of sources you won't be able to use to support your arguments in the future. Or are they only credible when they say something you agree with - like PWC?

I would've thought the OBR forecasting growth of 1.5% for 2017 has a half decent chance of being correct - it is the 22nd November after all.

Why am I not surprised that you compile lists ready to use on posters here? I wonder if you also keep a list of how may times you have been proven incorrect, just for balance of course?
:think:
I must also remember your psychic abilities when forecasting, whether it's next year or beyond.

OBR economic growth forecasts slashed for this year and next

System

tracey3596 wrote: »

Why am I not surprised that you compile lists ready to use on posters here? I wonder if you also keep a list of how may times you have been proven incorrect, just for balance of course?
:think:
I must also remember your psychic abilities when forecasting, whether it's next year or beyond.

It's not a real list Tracey.

The OBR don't need psychic abilities to forecast (on the 22nd November) that growth for the year will be closer to 1.4% than 2%.

tracey3596

ilovehouses wrote: »

It's not a real list Tracey.

No no no, of course it's not. We believe you. Even if that IS what you said.

ilovehouses wrote: »

The OBR don't need psychic abilities to forecast (on the 22nd November) that growth for the year will be closer to 1.4% than 2%.

Ahem.
As I very clearly said earlier and so you can read it since you either missed it or just plain ignored it, NEXT YEAR ?

mrginge

mayonnaise wrote: »

In other news, OBR economic growth forecasts slashed for this year (2.0% to 1.5%) and next (1.6% to 1.4%).

Global Britain firing on all cylinders!

Is this your predicted economic disaster that will make the masses desperate to rejoin the eu in a few years time?

:rotfl:

wunferall

mrginge wrote: »

Is this your predicted economic disaster that will make the masses desperate to rejoin the eu in a few years time?

:rotfl:

Well this member of the masses is getting more and more in favour of Brexit and in fact of a "no deal" with each and every such ridiculous post by some remainers.

System

wunferall wrote: »

Well this member of the masses is getting more and more in favour of Brexit and in fact of a "no deal" with each and every such ridiculous post by some remainers.

Really though?

gfplux

Tromking wrote: »

He’s a Luxembourger, the loss of an EU quango would amount to a crisis to him.

That wonderful, a great chuckle.
Correction I am a Britain who lives in Luxembourg.
Yes you are right we are sad not to have "won" either the EMA (Luxembourg did not apply) and the EBA.

In Britain how many quittlings new in June 2016 Britain would loose both the EMA and the EBA.
Those are just the VERY visible examples of what Brexit means. The consequences of the present Brexit Blight of Uncertainty is happening out of sight.