Brexit, the economy and house prices part 5

economic

I calculated that i have contributed about 85k to the welfare system of this country. What more should i have done?

How much of this 85k has been wasted away on drugs, gambling, alcohol, feeding 2 BIG dogs, overeating on junk, iphones etc?

StevieJ

Tromking wrote: »

Another group of expert economists admitting that their predictions of Brexit calamity were a tad over egged.

http://www.dailymail.co.uk/news/article-5212079/We-got-wrong-Brexit-gloom-economists-admit.html

Not sure that lot predicted Brexit calamity? Let us have a look what they actually wrote. Seems like a reasonable forecast to me.

A leading think tank has said Britain leaving the EU but staying in the single market could result in its GDP being higher by 2030.
It comes amid rising furore over the Treasury's prediction that each UK household would be £4,300 worse off if the UK leaves the EU.
The Centre for Economics and Business Research (CEBR) said Brexit would spark two years of turmoil while any new arrangements are negotiated.
During this period sterling would plummet 10 to 15 per cent, blighting inward investment, and probably leading to negative growth in 2017.
But afterwards a lower exchange rate would make the UK look more attractive. Meanwhile, most of the lost GDP would be recovered and the economy could start growing at a faster rate.
"Although the outcome is highly uncertain, on this scenario it is more likely that GDP would be higher by 2030 after Brexit than lower," the CEBR said.

The CEBR cautioned such a scenario depends on Britain's ability to keep its trade with the EU, attract inward investment and retain the flow of skilled migrants.
"We have tried to put together what analysis is available to give an impression of what the UK might look like after Brexit," it said.
"We have tried to be as neutral as we can but obviously any view on this has to incorporate assumptions which are liable to be disputed, especially with passions high on both sides."

http://www.cityam.com/239210/cebr-brexit-but-staying-in-the-single-market-could-leave-uk-gdp-higher-by-2030

Tromking

StevieJ wrote: »

Not sure that lot predicted Brexit calamity? Let us have a look what they actually wrote. Seems like a reasonable forecast to me.
http://www.cityam.com/239210/cebr-brexit-but-staying-in-the-single-market-could-leave-uk-gdp-higher-by-2030

Really?
Are we in the midst of “turmoil or blighted inward investment”?
I must have missed the “negative growth” this year too.

StevieJ

Tromking wrote: »

Really?
Are we in the midst of “turmoil or blighted inward investment”?
I must have missed the “negative growth” this year too.

Not exactly a prediction of calamity.

But afterwards a lower exchange rate would make the UK look more attractive. Meanwhile, most of the lost GDP would be recovered and the economy could start growing at a faster rate.

Herzlos

economic wrote: »

If you were not a US citizen then why should they provide any healthcare? Didn’t you have health insurance you could have used?

I'm not commenting on who paid; it was covered by insurance. I was commenting on how ludicrously expensive it is. You still haven't answered the question.

economic

Herzlos wrote: »

I'm not commenting on who paid; it was covered by insurance. I was commenting on how ludicrously expensive it is. You still haven't answered the question.

What does it matter if the insurance company paid? You paid for the insurance premium which is a fraction of the 50k. Why are you complaining?

Sapphire

I feel another thread coming on … this one appears to have deviated onto other topics.

Where's Conrad these days, anyway?

Tromking

StevieJ wrote: »

Not exactly a prediction of calamity.

Apologies, the word calamity was mine and written for effect.
You do seem however seem to be ignoring the rather specific predictions the CEBR got wrong and concentrating on something that has yet to transpire.

Herzlos

economic wrote: »

What does it matter if the insurance company paid? You paid for the insurance premium which is a fraction of the 50k. Why are you complaining?

Do you fancy answering the actual question? I'm sure everyone is bored of watching you dodge it.

Windofchange

economic wrote: »

I calculated that i have contributed about 85k to the welfare system of this country. What more should i have done?

How much of this 85k has been wasted away on drugs, gambling, alcohol, feeding 2 BIG dogs, overeating on junk, iphones etc?

Actually very little if you bothered to get your head out of the dailymail and research it:

https://visual.ons.gov.uk/welfare-spending/

Unemployment benefits - £2bn, or 1% of the £264 billion bill, which in itself is only 34% of government spending.

By far the biggest spend was the £111 billion or 42% on pensions.

So, of your £85k, possibly about £850.

You really are clueless aren't you? I guess you'll be arguing next that pensioners are all doing MDNA behind the bingo hall every Tuesday lunchtime and need a cut in their payouts? I don't know how many people on here need to tell you how much of an abhorrent human being you come across as? If you are indeed dealing with serious depression, then you of all people should understand how much of an impact this can have upon you, and how perhaps it is a slippery slope to job loss and drug dependency etc etc. I shall leave it here before you manage to derail this thread even further.