Project Fear

[tommytwojags]

Yes the world is in turmoil and recessions are likely to hit major economies. How is that a defence of brexit? How does leaving the single market and stifling trade help, many companies are also struggling for staff (the promise of increased wages isn't happening is it). You cannot defend brexit by saying other countries are in recession, they come and go. A very strange argument that at best deflects the issue and demonstrates a blinkered fundamentalism.

Who's defending brexit? I've set out the main reasons for each country's imminent recession as explained by the Economist Intelligence Unit, the ECB, the IMF, the National Banks, the Finance Ministers and others. Add your own reasons if you want but stop blaming everything bad in the world on the UK's decision to leave the EU.

 

[bollieboy]

Another impact of Brexit is the purging by the Tory party of the majority of its competent senior politicians. Hence why we have ended up with the 2 worst Prime Ministers ever in BJ and Truss.

It was almost inevitable that the referendum offer by Cameron, which was done to try to avoid the party splitting over Europe, would lead to the death knell of the Tory party as we knew it as it slid more and more to the right and fantasy politics. Its going to be a massive journey back for the Tories to regain credibility in the next 10 years or so.

 

[Shandypants]

Who's defending brexit? I've set out the main reasons for each country's imminent recession as explained by the Economist Intelligence Unit, the ECB, the IMF, the National Banks, the Finance Ministers and others. Add your own reasons if you want but stop blaming everything bad in the world on the UK's decision to leave the EU.

Stop blaming everything bad in the world on brexit?? Who said that.....err no one! Yep not one person on this thread, in fact you brought up the world's plight in some kind of bizarre defence. It really is a cult thing.

 

[Costero Poderoso]

OK let's start with the popular contention on this board that Brexit is responsible for the UK's economic difficulties. I say that this is a total misconception and support that view with the prediction from the German government that its economy will fall into recession in 2023. In fact, the eurozone’s big four economies, Germany, France, Italy and Spain, have had their growth forecasts for 2023 downgraded by the IMF and will enter recession. The reason given for this is a combination of covid, the war in Ukraine, the global energy crisis, the weak Euro and sustained inflation.

In the UK, inflation is at a 40 year high and it too is expected to enter recession. The reasons are given as the impact of soaring energy prices, supply chain disruption, shortage of workers and covid. Analysts at the Economist Intelligence Unit say the pain for affected countries could go on for some time while they wean themselves off Russian hydrocarbons and build up renewables sources of energy. The EIU said. “The winter of 2023-24 will also be challenging and high inflation and sluggish growth will continue until at least 2024.”

Apart from the UK, many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively tighten monetary policy to fight surging inflation so as well as the Eurozone and the UK expect recession in the US, Japan, South Korea, Australia and Canada next year. A result of Brexit? Not even close

To understand more clearly your argument you're claiming that the global economic crisis caused by the pandemic and its associated economic outcomes then the Russian invasion of Ukraine has caused further economic issues for the UK, the UK is just simply in the same boat as the rest of the world?

If these had not have happened the UK would be showing economic growth or economic performance in line with the rest of the world comparable or better than with the rest of the world?

We can ignore; the impact of additional red tape and additional customs costs for exporting, the inability to do just in time delivery and production, the staff shortages particularly in the service industry and farming just to outline a few items.

 

[Lytham_fy8]

I've got a plan.

Anyone who voted for Brexit or who was a vocal supporter pays double tax for five years, they fucked everyone else so now it's payback time.

Vote Lytham.

 

[Wizaard]

It's the utter lack of ownership that grates more than anything.

You fuckers voted for Brexit as a panacea to the country's ills. If its that ** marvellous let's list one benefit.

One. Is that too much?

 

[gjr69]

Stop blaming everything bad in the world on brexit?? Who said that.....err no one! Yep not one person on this thread, in fact you brought up the world's plight in some kind of bizarre defence. It really is a cult thing.

Was cult thing a typo?

 

[Threepeaksphil]

Why do people keep going on about Brexit in a democracy the people voted to leave so let’s move on. Amazing that people like (jimmy cranky sturgeon) think an independent Scotland would be allowed to join EU financially they wouldn’t qualify

 

[tommytwojags]

Stop blaming everything bad in the world on brexit?? Who said that.....err no one! Yep not one person on this thread, in fact you brought up the world's plight in some kind of bizarre defence. It really is a cult thing.

I can only explain things to you. I can't understand them for you.

 

[gjr69]

Why do people keep going on about Brexit in a democracy the people voted to leave so let’s move on. Amazing that people like (jimmy cranky sturgeon) think an independent Scotland would be allowed to join EU financially they wouldn’t qualify

They go on about it because the people who sold it are the self serving clowns who have been messing up the country for about the last 5 years.
And this will of the people nonsense should stop, 52% of the people that voted, who on the whole didn't do enough research and voted for a pack of lies, hopes and xenophobia, wanted it.
Voting age for this should've been 16 and upwards, there's even a case for saying over 75s should've abstained as it was about the country's future, too many voted on half baked ideas about showing the French and the Germans who's best.
Looks like it isn't the UK right now! This country needs to take a good long look at itself and use this shit show to make some serious changes.
I'd start with a change in the electoral system and get rid of the unelected House of Lords. That might get us somewhere and give us the appearance of a 21st century democracy!

 

[basilrobbie3]

Brexit has cost around 5% of GDP and has also created a shortage of labour which damages potential economic growth. These things are not really debatable, they are just facts. If you are saying that neither of these factors hasn't effected the UK economy then you are simply economically illiterate. This is quite apart from the damage to our reputation and standing in the world which also has economic repercussions.
'It is what it is' isn't really a defence. And the world doesn't stand still, we can change things in the future if we want. For instance, we may want to join the single market again within the next few years and in all likelihood we will. If Truss had really wanted to stimulate growth she would have done it, it's a very simple step, doesn't cost much and is risk free.

I'd add that pretending that supply chain disruption and a shortage of workers isn't anything to do with Brexit is just bizarre. And I've never yet had an explanation for why a relationship with umpteen small economies in the Pacific is thought an adequate replacement for the arrangement we had with the market on our doorstep.

Of course you can also add in the fact that our approach to Northern Ireland post-Brexit has not only given the impression that we think the rule of law doesn't apply to us, but has also put our relationship with the USA at real risk (taking our chances of a trade deal into the mire at the same time). It's no wonder we make such a fuss about deals with countries like Mongolia.

As a country, we are remarkably uneducated in our understanding of economics and politics. We have been for donkeys years, but it is really showing now. It wouldn't matter so much if we had a talented and forward-looking political class to compensate. However....