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Brexit, the economy and house prices part 5

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Comments

  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    cogito wrote: »
    I voted to do what is in the best interests of the future of my country.

    We are now what seems a lifetime since we voted in the referendum. I was on the edge of my fifteen years so now have lost my vote. Cogito are you still resident in the UK so can still vote.
    If not Which country is it you voted for Britain or Greece.
    There will be no Brexit dividend for Britain.
  • mrginge
    mrginge Posts: 4,843 Forumite
    Government impact assessments show GDP would be less (under all scenarios assessed) in 15 years time than it otherwise would have been and you want to talk about my definition of trifling. Typical brexiteerism.

    Yes I do.

    Can you answer or not?
  • Herzlos
    Herzlos Posts: 16,082 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    cogito wrote: »
    What terms do we trade with the USA under? You know, our biggest trading partner outside the EU for the last 200 years.

    http://ec.europa.eu/trade/policy/countries-and-regions/countries/united-states/index_en.htm

    Your point is?
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!

    I think it is getting very close to it. Despite the economic arguments of sunk funds Brexit for Britain is so close to disastrous but to go on is worse to turn back.
    Frankly the damage to Britain is close to being un repairable.

    PS rough, why not update your location.
    There will be no Brexit dividend for Britain.
  • cogito
    cogito Posts: 4,898 Forumite
    Herzlos wrote: »

    Clear enough, I would have thought. What's yours?
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    edited 9 April 2018 at 2:39PM
    Not according to some remainers it isn't; they insist that the UK will be forced to survive on a diet consisting purely of chlorine-washed chicken and hormone-fed beef.

    But strangely not fish since that ( incorrectly according to some) only amounts to zero point one percent of UK GDP. (It is in fact around 0.5% - considerably decreased from the period prior to joining the EEC/EU. Not admittedly that there is much difference but why exaggerate? )

    Also not if these countries where trade deals are wanted means that those countries will all have the upper hand as some remainers insist, or will include unfettered immigration as part of a deal.
    Apparently.

    When some of the remainers posting in this thread can actually decide what they so fearfully imagine life will be like post-Brexit and stick to it we will at least have a baseline for proper debate, because at the moment their disillusioned ramblings appear to change course with the prevailing wind.



    http://www.bbc.co.uk/news/science-environment-38345826

    Hello Ruff, why dont you update your location.
    That was quite a ramble. However.

    With increasing number of trade deals within and without WTO and EU, Britain will be better of with agreed trade deals to ensure continuity of supply both ways thereby supporting those industries.

    While overfishing is not your concern experts (ha ha) believe that planned fishing brings positive results.

    There are a number of Countrys that might do trade deals with Britain but immigration is on the agenda.

    I am a remainer and I have no idea what life will be like in Britain one, two, three, four, five or ten years after Brexit.
    My guess about that will be changing week by week, month by month and year by year, except I truly believe there is NO ECONOMIC ADVANTAGE for Britain in leaving the EU.
    There will be no Brexit dividend for Britain.
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    Like war, recession, emergency budgets etc. with remainers you mean?
    And the "we haven't left yet" comments when we were warned that those would be immediate consequences if we dared to even vote "leave".
    :naughty:

    Ruff, we have not left yet. Britain leaves the EU at the end of March 2019.
    The transition deal is not an extension of membership it is a 21 month deal for everyone to action their contingency plans.

    PS why don’t you update your location. Thank you.
    There will be no Brexit dividend for Britain.
  • Arklight
    Arklight Posts: 3,184 Forumite
    Ninth Anniversary 1,000 Posts
    cogito wrote: »
    Of course we Brits are so incredibly stupid that we would have allowed every last cod to be caught. It's such a good job that we have the EU to show us the way. How many thousands of tons of dead fish have to be chucked back because of the insanity of EU fisheries regulations?

    This was designed to stop over fishing on scientific advice. The advice changed and so did the legislation. Back in 2016. You are literally years out of date in your knowledge.

    https://ec.europa.eu/fisheries/cfp/fishing_rules/discards_en

    Brexit, looking back to go forwards, in reverse gear.

    Pass me the Pringles.
  • mrginge
    mrginge Posts: 4,843 Forumite
    Well I'm flattered you hang on my every word.

    The impact of fishing on total GDP is tiny and the lobbying power and media attention is out of all proportion #brexwittery.

    Pointing out a loss of 8% GDP divided by 15 years is around 0.5% is an attempt to trivialise. The baseline assumption was 25% GDP growth so we're talking about a loss of a third of predicted GDP growth.

    The other thing about fishing is that it's been in decline for years and isn't coming back. Whether growth is 17% or 25% over the next 15 years the contribution from fishing to GDP will be far less than today.

    Is 0.5% of GDP trivial - yes - small potatoes. Do we want to lose 0.5% of GDP each and every year for the next 15 - you'd think not.

    Your analysis of fishing’s importance to the UK GDP is interesting. Could it be a case of the actual value being more about what it’s worth to the EU though?
    Maybe we should trade it off in the negotiations since it’s not important to us. Maybe we can swap it for a load of cheap VW polos.

    I doubt it though since we are over a barrel on everything.
  • cogito
    cogito Posts: 4,898 Forumite
    Arklight wrote: »
    This was designed to stop over fishing on scientific advice. The advice changed and so did the legislation. Back in 2016. You are literally years out of date in your knowledge.

    https://ec.europa.eu/fisheries/cfp/fishing_rules/discards_en

    Brexit, looking back to go forwards, in reverse gear.

    Pass me the Pringles.

    Still in the implementation phase, old boy.

    But you were trying to suggest that if the EU hadn't imposed its fishery policies (with our support as you pointed out), we wouldn't have done it ourselves. As if we hadn't noticed the collapse of the Newfoundland fishing banks.
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