Brexit, the economy and house prices part 5

iro

Ballard wrote: »

No one with the ability to use their brain cells is saying that this extra money for the NHS is coming from our leaving the EU but the PM says something that brexiteers want to hear and they lap it up.

You just cannot win can you?

Talk about a depressive mindset.

Brilliant, brilliant Brexit delivering even more money than the bus promised!:T

Thrugelmir

Ballard wrote: »

No one with the ability to use their brain cells is saying that this extra money for the NHS is coming from our leaving the EU but the PM says something that brexiteers want to hear and they lap it up.

Which ever way you look at it. 9 billion pounds is a significant amount of money. When you consider the plan is to achieve a balanced budget. Unlike much of Europe. We don't benefit from where this money is spent.

Ballard

Thrugelmir wrote: »

Which ever way you look at it. 9 billion pounds is a significant amount of money. When you consider the plan is to achieve a balanced budget. Unlike much of Europe. We don't benefit from where this money is spent.

It is certainly welcomed by me but even Farage has said that this isn’t anything to do with Brexit and that it’ll be funded by tax rises. Perhaps he’s an expert nowadays so can be ignored.

Thrugelmir

Ballard wrote: »

It is certainly welcomed by me but even Farage has said that this isn’t anything to do with Brexit and that it’ll be funded by tax rises. Perhaps he’s an expert nowadays so can be ignored.

There's only one budget as far as I am aware. At the current time there's a signficant shortfall betwen revenue and expenditure. A cake can only be cut once which ever way you cut it. If you want to increase general taxation at a time of austerity. Then atitudes might well harden further.

Zero_Gravitas

iro wrote: »

You just cannot win can you?

Talk about a depressive mindset.

Brilliant, brilliant Brexit delivering even more money than the bus promised!:T

Except, of course, there is no brexit dividend, as IFS director Paul Johnson has pointed out:

https://mobile.twitter.com/PJTheEconomist/status/1008256589051170818

You’d have thought by now that even the most rabid brexiteer would have learned to treat anything coming out of TM’s mouth with deep suspicion...

Ballard

Thrugelmir wrote: »

There's only one budget as far as I am aware. At the current time there's a signficant shortfall betwen revenue and expenditure. A cake can only be cut once which ever way you cut it. If you want to increase general taxation at a time of austerity. Then atitudes might well harden further.

The PM said:

As a country we will be contributing more, a bit more, but also we will have that sum of money that is available from the European Union

I read that as the funding coming from a combination of the ‘Brexit dividend’ and higher taxes.

Thrugelmir

Ballard wrote: »

I read that as the funding coming from a combination of the ‘Brexit dividend’ and higher taxes.

Inflation is a politicians friend. Naturally increases tax take. Likewise austerity, commercial output for research and value for money initiatives are ongoing. Takes a long time to turn a supertanker around.

Ballard

Thrugelmir wrote: »

Inflation is a politicians friend. Naturally increases tax take. Likewise austerity, commercial output for research and value for money initiatives are ongoing. Takes a long time to turn a supertanker around.

Not waffle at all.

System

http://www.itv.com/news/2018-06-17/is-mays-money-for-nhs-really-a-brexit-dividend/

450m a week additional borrowing. I thought brexit was making us all rich.

Graham_Devon

Zero_Gravitas wrote: »

Except, of course, there is no brexit dividend, as IFS director Paul Johnson has pointed out:

https://mobile.twitter.com/PJTheEconomist/status/1008256589051170818

You!!!8217;d have thought by now that even the most rabid brexiteer would have learned to treat anything coming out of TM!!!8217;s mouth with deep suspicion...

There IS a Brexit dividend.

The problem here is the IFS director is using the treasury scare tactics (i.e. very flawed projections) pre the Brexit vote. The same scare tactics that have been proven wrong so many times since the vote. The same scare tactics that the government will be struggling with for a long time.

He's then saying, if you look at their projections at that time, and their statements of how much Brexit would cost us, pre the vote, there is no Brexit dividend.

For an IFS director - it's not very clever at all. Most will see what he's done and see right through it.

The government dropped those projections and statistics the minute we voted for Brexit.

What you have now is some partial truth coming out. The PM stating there will be a saving to the country. She has to. It's the truth. The scare tactics have to be left behind.

Cameron and Osborne were not stupid. They got out as soon as they realised their pants had been pulled down in public after their fear campaign - knowing the majority of what they stated wouldn't come to pass. One of Osbornes aides has even admitted that there would never have been an emergency and harsh budget, it was all bluster, so they ran away. Bluster based on figures which were also bluster, which has been proven.